madmarky1 Posted April 10, 2006 Report Share Posted April 10, 2006 hi , i was just wondering about prices of apartments or condos to buy in bangkok. any info on this would be great, thanks just general prices etc Link to comment Share on other sites More sharing options...
0 Guest Posted April 10, 2006 Report Share Posted April 10, 2006 The Bangkok of Narathiwas condominium near Silom,,,Europe style and very nice atmosphere, 4-5 millions baht. you can call 1133 for more information. or another place,,,(my friend's business) you can have a look at www.bkkapartment.com Link to comment Share on other sites More sharing options...
0 commie Posted April 10, 2006 Report Share Posted April 10, 2006 The website doesn't look good enough... unfortunately. At least price quotes would be nice together with updates - hey, info is almost half year old! Looked at it 'cos I'm looking for an apartment too, current place is to small to accomodate possible girlfriend, hehe Link to comment Share on other sites More sharing options...
0 condotown Posted April 10, 2006 Report Share Posted April 10, 2006 First time in BKK and thinking of buying already? How much did you inherit? I own a few of them and can probably help you out. There is a lot of useful information posted on various websites (google) which needn't be repeated here. The prices have been going up fast over the past few years, but are still somewhat below most places in developed Southeast Asia. Check out the link on my profile for some of the most basic information. Then drop me a message with any specific questions you might have. Throw a vote my way while ur at it. Link to comment Share on other sites More sharing options...
0 commie Posted April 10, 2006 Report Share Posted April 10, 2006 The website doesn't look good enough... unfortunately. At least price quotes would be nice together with updates - hey, info is almost half year old! Looked at it 'cos I'm looking for an apartment too, current place is to small to accomodate possible girlfriend, hehe Link to comment Share on other sites More sharing options...
0 MikeAussieGuy Posted April 11, 2006 Report Share Posted April 11, 2006 I know 2 agents here that I can personally vouch for. If your real about buying PM me and I'll give you their number. As with most things here in Thailand there is corruption under the surface, agents get typically a % of what they sell above the low price mark. You can save yourself a bundle if you go through an angent that doesnt try to screw the unsuspecting farang. So much property around Bangkok, the property prices are in fact due to drop when the huge number of condos are finished through this year. Be careful for NLP properties now in development or recently completed, the cancer in these buildings is awesome, should never have been built without pulling down what sat there all those years, but of course the inspectors got bribed. Likewise never ever buy unless you see the surrounding roads during normal and out of business hours, the reason for bargains becomes obvious when you see the surrounding roads. Link to comment Share on other sites More sharing options...
0 Guest Posted April 11, 2006 Report Share Posted April 11, 2006 The website doesn't look good enough... unfortunately. At least price quotes would be nice together with updates - hey, info is almost half year old! Looked at it 'cos I'm looking for an apartment too, current place is to small to accomodate possible girlfriend, hehe this is what i talked about http://www.thebangkokcondo.com/eng/nara.html european style..naratiwas area,close to silom,start 3.9 million for 1 bed /living room/bathroom..hehehe Link to comment Share on other sites More sharing options...
0 condotown Posted April 11, 2006 Report Share Posted April 11, 2006 All good points Mike. Bangkok is such a big city and there are so many available units for sale. Many people recommend to rent for a while near where you would like to buy to see how you like the area. I have seen units in very small and in questionable condition advertised online (Thai language) for as little as 200,000 baht (24 sq.m). If u want to own a little box to live in, that might be fine. Anything in a desirable neighborhood with access to good shopping, mass transit, restaurants and nightlife would be starting around the 2,000,000 baht price range for a unit slightly larger in slightly better condition. Renting is always a good option for cheap living. Buying condos here has more inherent risks. The question posed is quite broad. One thing is for sure, there are really no standards here... Not in building quality nor in pricing. At one particular condo development in Bangkapi I have seen a 64 meter one bedroom furnished unit for sale at 4.5 million by the sales office. After walking around and asking questions to people at the complex, I found a comparable unit, same size, better location, but unfurnished for 1.8 million. That was last year, I can't even imagine what they would cost if I went back today. It has a lot to do with being in the right place at the right time. Link to comment Share on other sites More sharing options...
0 thomaswd Posted April 11, 2006 Report Share Posted April 11, 2006 Mike and Don, Very usuful information from each of you...I will be making a call to the both of you when I am ready to buy. One thing is for sure, research on the ground is the best thing. Once again, thanks. Link to comment Share on other sites More sharing options...
0 anenglishman Posted April 11, 2006 Report Share Posted April 11, 2006 I can recommend www.acuterealty.com. website is not much to get excited about but they provide good service. u can contact khun amy there. she is half thai/half filipina, speaks pretty good english and is very customer focused. she actually listens to u and shows u what u want to see. she also takes care of all the boring bureaucracy. i bought through her and have only good things to say about her. Link to comment Share on other sites More sharing options...
0 GoldMember Posted April 11, 2006 Report Share Posted April 11, 2006 It has a lot to do with being in the right place at the right time. Indeed as it is with most investments.Though the right time is often when everyone else is panic(ie irrationally) selling. Link to comment Share on other sites More sharing options...
0 ciaranung Posted April 11, 2006 Report Share Posted April 11, 2006 hey everyone thanks for the help!!!!!!! Link to comment Share on other sites More sharing options...
0 Niranahm Posted April 11, 2006 Report Share Posted April 11, 2006 Even among real estate professionals opinions are completely mixed as to whether property prices will go up or down over the next few years. On the one hand city center condo prices have risen about 40% over the last 3-4 years, but they are still low compared to other Asian cities and that includes less developed economies. I think it's fair to say that there is greater risk at the high end where asking prices of 55-95,000 per square meter seem high and supply is outstripping demand. Possibly better value is in the mid-range and less trendy areas (not mid Sukhumvit for example). Second hand condos are often cheaper and good value can be had there. Recent tax breaks have made it more attractive to buy second hand and it can also be easier to evaluate the management of the condo in one that has been running happily for 5-10 years. I bought a second hand condo on Narathiwat 24 for only 30,000 per square meter a few years ago (high floor, good view) and then put in new floors and refurbished it for a few hundered K more. You can still find second hand condos on the same soi but probably pay closer to 40 K per square meter. To me that is stiil a bargain compared to the 55 K per meter asking price of unfinished new developments. When I look at the rent I save and the increase in value it's been a good investment. I brought the money in from overseas but of course it started out in Thailand -- just looped it out and in again. Furthermore it was simplicity itself to get an overdraft from Bangkok Bank worth 60% of the condo value once I had the title deed -- so you don't even need to tie up so much cash. The investment professionals who advise renting seem to miss something else. In Thailand property rights are very strongly in favor of owners not tenants. so when renting you never know when the rent will be doubled or you can be kicked out. Owning not only gives you peace of mind, but translates into extra savings and comfort because you don't have to move every year or two and can spend money on your place without fear of being moved on. With permanent residence you can also avail of financing and get a 95% loan. However permanent residence is not so easy to get -- athough I'm trying now. If you're buying to invest, my advice is to buy second hand, refurbish it and then spend real money on on high quality and complete furnishings. So many Thai owners fill their rental apartments with cheap junk, if you buy high end sofas,TVs etc. you'll get a much higher rent from foreigners who are not sure if they are here for the long term so want to minimize their budget to furnish a place. Link to comment Share on other sites More sharing options...
0 superskater Posted August 2, 2006 Report Share Posted August 2, 2006 I agree with virtually everything the previous poster wrote but wanted to add a couple points. I believe second hand condos do not qualify for an investment visa. Only approved projects and units over 3 million baht qualify. Second hand units at any price do not. Also I think location is important as an investor. Sometimes the most expensive projects are the best investments. Projects like the Met or The Regent Residences may be great long term investments even if the per square meter cost. If you are just looking for a great value at a low pricee and plan to live their long term yourself then the previous advice is very good. It also depends on whether its your main or second home in Thailand. If i were only buying in Bangkok, I might buy at the Regent Residence. But if my main house is in Chiangmai or another part of Thailand then I may be looking for a good value in a used condo that can be refurbished and furnished nicely. It's a very individual matter. Sometimes the best investments are the most costly. It also matters how long you will own it and whether or not you will rent it. If you are not that knowledgeable I suggest that you get some good advice. There are a lot of disreputable people out there. Reputation matters. Link to comment Share on other sites More sharing options...
0 Sukhumvit_Farang Posted August 2, 2006 Report Share Posted August 2, 2006 I believe second hand condos do not qualify for an investment visa. Only approved projects and units over 3 million baht qualify. Second hand units at any price do not. Second hand condos DO qualify for the 3 million baht investor's visa. Or at least they did when I bought mine 3 years ago. It is, of course, possible that the law has changed again since then. (Some years before I bought mine, only new condos qualified, then the law changed allowing used condos to qualify. So the law does change back and forth according to the current real estate market situation.) It is also possible to make up the 3 million baht for the investor's visa with any combination of a condo/condos and cash in a fixed deposit. (I found this out in a stupid way: I paid more than 3 million baht for my condo, but the seller had the price registered as 2.5 million in order to save on taxes, so when I went to do my visa, they told me that they would consider the 2.5 million as the price I paid and so I had to deposit another 500 thousand baht in a fixed deposit at a Thai bank to make up the 3 million total required for the visa. So this is basically dead money sitting around earning the farang rate of interest - which is, at some banks, lower than the rate that they pay to Thais - but that's another topic.) So the point is that for this investor's visa, what matters is that the total amount of the investment is at least 3 million baht. I realize that this topic started out being about buying a condo in Thailand, but as most topics tend to do, it evolved, in this case to the subject of using a condo in order to get a visa to stay here, which is also useful to know about. Link to comment Share on other sites More sharing options...
0 primetime Posted August 2, 2006 Report Share Posted August 2, 2006 What is the difference between an investors visa and a regular work visa? Link to comment Share on other sites More sharing options...
0 Sukhumvit_Farang Posted August 2, 2006 Report Share Posted August 2, 2006 What is the difference between an investors visa and a regular work visa? An investor's visa allows you to stay in Thailand - for one year at a time but renewable for as long as the investment stays in place - but without working. By "regular work visa" I assume that you mean "work permit". A visa only allows you to STAY in Thailand; a work permit allows you to WORK. So the investor's visa allows you to stay in Thailand - but does not allow you to work. Link to comment Share on other sites More sharing options...
0 superskater Posted August 2, 2006 Report Share Posted August 2, 2006 Even when you talk to lawyers and government officials they are often unsure of the current or future law. This is a big problem for investors. A good website for visa info is Thaivisa.com Link to comment Share on other sites More sharing options...
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madmarky1
hi , i was just wondering about prices of apartments or condos to buy in bangkok. any info on this would be great, thanks
just general prices etc
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