chilli13 Posted March 29, 2005 Report Share Posted March 29, 2005 the thai preference for newly built properties is really what makes it quite a gamble there. not sure if it's really the old ghost fears or what, but a well establish preference I think we can easily call it! however not all can afford new units & if noone bought 2nd hand properties there'd be somewhat of a problem or odd vaste of old empty units all over the place up for virtually free LOL still the current fear or uncertainties about thai as well as global markets make it an 'interesting' time to be investing!! Link to comment Share on other sites More sharing options...
walletss Posted March 30, 2005 Report Share Posted March 30, 2005 I know a couple of guys who live in Pattaya and prefer to rent than buy. According to them you will get a much better deal renting from a Thai landlord than walking in off the street to one of the chains of foreign run real estate agents situated around the main streets of Pattaya. I don't know how far this rules extends to Bangkok. One guy I met was paying 6500 baht per month for a nice two bedroom house which is much less than the rent asked for the condos whose pictures are pasted in the windows of main street real estate agents. When you consider that you can rent a house for that sort of money the option of buying a condo becomes more expensive. Link to comment Share on other sites More sharing options...
.. Posted March 30, 2005 Report Share Posted March 30, 2005 UG, we are also discussing this in another thread. Read my "cut-n-paste" from The Economist for an interesting take. Cheers, SD Link to comment Share on other sites More sharing options...
Prosal Posted April 1, 2005 Report Share Posted April 1, 2005 uniformguy said:3 There are far too many top end exclusive condos just about to come on the market and this will surely lead to a softening of prices over the next two years. I am not in a position to buy this year but I will have some money maturing next year so I'm interested in all angles of this discussion. I consider too the acquiring of an apartment abroad next year, as a "second home", yet hesitate between Bangkok, Buenos Aires (where the property market is highly favorable) and Sao Paulo, all cities where I could easily live or have my mongering headquarters. About Bangkok, here are some of the current high-end contructions/projects in Suk, Silom and Sathorn areas : impressive !!! Sukhumvit : WTC Tower, 45 Storey The Royal Ratchadamri, 45+14 Storey The Column, 42+10 Storey W Hotel and Residence, 45+31 Storey Pornpat Center, 42 Storey Jaisamarn Towers, 40+20 Storey Urbana Langsuan, 39 Storey The Fullerton, 37 Storey The Madison, 37 Storey The Lakes, 36 Storey The park Chitlom, 35+28 Storey Grand Park View, 34 Storey Baan Siri Twentyfour, 34 Storey Siri Residence 24, 32 Storey The Colony, 32 Storey Le Raffine II, 30 Storey Sukhumvit Tower, 30 Storey Hampton Place, 30 Storey The Grand Setthiwan, 30+30 Storey Supalai Premier Place Asoke, 30+28 Storey Prasarnmitr Thani, 29+29 Storey NUZA 101, 28+24 Storey Sukhumvit Citi Resort, 28 Storey B.T. Residence, 27 Storey Baan Ratchadamri, 26 Storey The Height Condominium, 26 Storey Baan sSiri Thirty one, 25 Storey The Majestic Grande, 24 Storey Krung Thai Bank, 24 Storey Vista Gardden, 23+17 Storey Noble Ora, 23+23 Storey The Wilshire, 22 Storey Citismart Asoke, 20 Storey Sukhumvit Plus, 17+17 Storey Sathorn, Silom, Riverside and Rama III : Watermark Chaopraya River, 52+28 Storey Baan Sathorn-Chaopraya, 37 Storey Q-House Lumpini Park, 37 Storey Urbana Sathorn, 36 Storey Supalai Grand Tower, 33 Storey The Royal Saladaeng, 32 Storey Thew Tower, 30 Storey St. Louis Grand Terrace, 30 Storey Baan Siri Silom, 25 Storey Belle Park Residence, 22+22+22+22+22+22+22 Storey Supalai Oriental Place, 20 Storey Silom Grand Terrace, 20 Storey The Star Estate @ Narathiwas, 20 Storey the Star Estate @ Rama III, 19 Storey Lumpini Place Rama III-River View, 19 Storey The Legend Saladaeng, 14 Storey The Loft Yenakart, 13 Storey Pratunam and Bobae : Pratunam Complex, 39+39+34 Storey Bobae Complex, 30+20+29 Storey Platinum Complex, 24 Storey :: Link to comment Share on other sites More sharing options...
Rex7777 Posted April 6, 2005 Report Share Posted April 6, 2005 Interesting discussion. This time next year I'll be a few months away from an early retiement. My inital idea was to retire somewhere in Asia, Thailand most likely. Although my natural instinct is to buy a place, maybe that's not such a good idea? Let's face it, 10,000 baht a month for a rental isn't expensive at all. I'm beginning to think the best strategy would be to hang onto my money and rent a place. If all hell breaks loose, financially, I'll be in a position to buy a place cheaply. Rex Link to comment Share on other sites More sharing options...
walletss Posted April 6, 2005 Report Share Posted April 6, 2005 " ...best strategy would be to hang onto my money and rent a place." I agree. It's also the fact that once you purchase you are committed. What happens if in six months you decide you don't want to live all year in the property or even the country? Not so easy to manage tenants and get them out when you want to come back for a few months. Renting gives you the freedom to chop and change areas and dwellings at will Link to comment Share on other sites More sharing options...
unit731 Posted April 7, 2005 Report Share Posted April 7, 2005 :: Ditto above. Renting is far better choice/investment. Save your real money and invest it in your home country. Keep money in bank, money market, stock market - keep it diversified but liquid. Owning in Thailand is a big gamble. And do you really own it? The poster above who said he purchased 8 - 10 condos without a lawyer is totally "bonko". Anyone who purchases any real estate without a lawyer is just asking for troubles/problems/disappointments. Maybe he has a Thai spouse who will inherit property. But if you are just by yourself - then rent. And some good places rent for cheap money. And renting gives you the option of moving around. Chiang Mai, Pattaya, Hua Hin . . . all have their own attributes. The real estate property laws are not the same as most western countries. 99 year leases? 25 year leases? 50% local ownership? Sure you can form a corporation, then another corporation, then have the second corporation "rent" from the first corporation - which, possibly you may "own". Ownership really gets convoluted in Thailand. And if you "own" do you know how to deal with plumbers, electricians, carpenters, etc. when something goes wrong? If you rent, you just call the landord for any structural problems. Good Luck! Link to comment Share on other sites More sharing options...
Zorro Posted April 9, 2005 Report Share Posted April 9, 2005 I agree. Unless they change the laws in Thailand i wouldn't dream of buying any real estate. Keep your money offshore in countries that have laws that protect investors and where you have access to some sort of legal redress i.e. your home country Link to comment Share on other sites More sharing options...
Zorro Posted April 9, 2005 Report Share Posted April 9, 2005 'Further afield, Dubai has relatively inexpensive apartments for less than £100k. Guaranteed great weather. Possibilities of leasing the joint out. Maybe possible to qualify for residency status and enjoy tax free lifestyle? Or even Florida has affordable properties for sun starved northern Europeans." I don't know about Dubai. I am not sure whether the real estate is really good value. There seems to be an artificially controlled market in Dubai and there is heaps of real estate for sale. BTW Dubai is stinking hot half of the year around. I mean it is humid and hot, hot hot more than 40c. It is quite nice in winter thou. Dubai is not cheap either. Everyday life is quite expensive although it is cheaper than the UK but most places are. You also have to consider that you have very limited legal rights especially if you are up against a local. And you also have many TCNs running around living on the poverty line. Bulgaria is very popular with investors in the ME at the moment. Many are buying and the prices are much cheaper than Dubai. I believe it will also join the EU soon. Link to comment Share on other sites More sharing options...
Rex7777 Posted April 9, 2005 Report Share Posted April 9, 2005 Have any of you guys evere looked at property in Malaysia? They've got a "Malaysia My Second Home" program where you can qualify for a five year renewable visa. They'll also allow you to buy freehold property. Rex Link to comment Share on other sites More sharing options...
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