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dotcom
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Abrak - we agree that the crsah happened in 1997 - when Chavalit Yongdayuth empited out the national treasury in a vain attempt to prop up the baht. But did the bottom in the property market happen in 2002? Be interested to know your opinion. Thanks
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Thai Girls : Meet Sexy Thai Girls
Posted on: 12:06 pm on June 5, 2005
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DaffyDuck
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How will the new airports affect any of this, and the expected (hoped for) increase in traffic?
Personally, I feel that the new Chonburi/Pattaya international airport has the potential to have a much larger effect on Pattaya, than Utapau airport will effectively have on Bangkok, at least in the short term (1-2 years).
This is entirely a personal gut-feeling, based on no real factors - but I'd be interested what some of the more directly involved experts in this threads feel regarding the impacts of these airports?
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 1:03 pm on June 5, 2005
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Loung Steeb
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Buy low...sell high.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 1:23 pm on June 5, 2005
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dotcom
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Daffy. Are you referring to Suvarnabhumi International Airport? If so that is located in Bangkok.
It will make travel to Chon Buri & Pattaya easier but geographically far away.
Udapao seems to STILL be a non starter. Transport to & from just the beginning of a long list of problems. It's in LY back yard. He could tell you more. Also Bangkok's new airport has it's own tread.
They are searching for excuses as to why it won't open within 12 months of the "official" opening. Bag scanners are todays excuse.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 1:40 pm on June 5, 2005
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Abrak
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Quote: from dotcom on 12:18 am on June 6, 2005
Abrak - we agree that the crsah happened in 1997 - when Chavalit Yongdayuth empited out the national treasury in a vain attempt to prop up the baht. But did the bottom in the property market happen in 2002? Be interested to know your opinion. Thanks
I think the bottom of the market was actually mid 2001 but it really is a moot point. The bottom of property markets are characterised but very little liquidity so you really could choose anytime between mid 2000 to mid 2002 and you wouldnt be far off the mark - it was only in 2002 that the market really began to take off.
The effect of the new airport will be interesting - it certainly brings Pattaya and the coast up to Koh Chang in easy reach for tourists. There is also a tendency of property to do well AFTER new infrastructure is brought in, in Thailand (aka the BTS or land north of Phuket pre-tsunami). I wouldnt be at all surprised to see a land grab in Rayong over the next 5 years and Pattaya is already doing pretty well.
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Thai Women : Meet Matured Thai Women
Posted on: 3:02 pm on June 5, 2005
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BigDUSA
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FWIW and sometimes it can be worth a great deal.
For the younger guy say 30-40 y/o buying a condo is not to much of a risk as you still have years of earning power to recover from a bad investment.
The retiree on the other hand whose working days are over and is living on pension and interest from investments can be shit out of luck if the condo goes belly up.
Hard to recoup $50-100K USD or Euro at age 60.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 3:18 pm on June 5, 2005
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manowar
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I think all things considered, BKK has the one of the lowerest $/m among all major Asian metropolis. It also has very attractive rental rate/condo price ratio - among the highest in Asia. Take the most expensive city in Asia - Hong Kong for exemple; the new class A condo in comparable top end location, HK condo fetches about 15-20 times that of BKK condo. Yes, you have heard it right. Taking into account all other quality of life issues, I think BKK/LOS should be seriously considered a must-buy for your vacation/retirement portfolio. In my not entirely scientifica survey, BKK/LOS to the rest of Asia is like Mexico to US - a nice, slow paced, relaxing place to go visit with very low standard of living = your Yen, RMB, HK$, Singapore$, US$$ all go a long way there. Projecting baby boomers retiring en masse in 10-15 years, I say it's time to look and be ready to buy in the next 5 years. Just my 2c.
Disclaimer: Do not take my opinion as gospel truth. I did no research and have absolutely no good data to back up any of the above. If you lose $$ in BKK/LOS/Mexico real estate ( especially if they are on leasehold estates), please blame it solely on your bad karma. If you do make any $$, do not forget to give me 5% as token of your appreciation......5555555
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 5:25 pm on June 5, 2005
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Broken Leg
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Abrak,
In your initial post you said the second hand market was 20% below the new condos, Does this mean that a non new condo sells for 20% less than a new one?
Once you've bought a condo is the it hard to offload, do thais tend to buy only new condos or are you lmited to to foreign buyers?
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Thai Girls : Meet Active Thai Girls
Posted on: 5:47 pm on June 5, 2005
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Abrak
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Quote: from Broken Leg on 5:59 am on June 6, 2005
Abrak,
In your initial post you said the second hand market was 20% below the new condos, Does this mean that a non new condo sells for 20% less than a new one?
Once you've bought a condo is the it hard to offload, do thais tend to buy only new condos or are you lmited to to foreign buyers?
The answer to your question is basically 'yes'.
Most people - Thais especially - like to buy new build. The costs of selling are high - around 8% of the total. Monthly service fees are also too low imho, so most condos are poorly managed and maintained. The secondary market is fairly thin too with limited liquidity,
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Thai Women : Meet Matured Thai Women
Posted on: 8:46 pm on June 5, 2005
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Dinkum91
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I've read all the info here with interest but does the same apply out of Bangkok. I've checked out (on the internet) a couple of condos near Hua Hin and also a couple of houses. I know about foreigners not being allowed to own land etc, but would appreciate any advice.
I would be buying with the intention of having a base camp in Thailand and not purely to try to make a quick profit. A couple of the places also include golf membership.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:38 am on June 6, 2005
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