flyingfox, on 2010-09-04 15:00:26, said:
Compared to just 2 years ago, BS is rising from the ground in a big way. There's a new and beautiful village opp. the beach and lots more coming. There are a few foreign restaurants and pubs (Chez Jerome, Abbey Road, etc.). If I had a car, I would live there.
Two correct replies and both succint -
Not a lot and
you need a car.
If it had everything and you did not need a car it would be another Pattaya.
And there aint room for 2 of them on the same bit of coast with the current economic climate.
What I can gather about construction work on these masses of housing / condo developments are that they are purely speculative investments ???
I have a good Thai friend selling units at one particular one in BS ( new acrnonym on T.V.) and she told me that every month the price of the "tiny" 25 square metre apartments goes up 20,000 baht. Forever in the hope that more and more people will keep buying into cardboard models and pie in the sky computer generated cartoons.
People who feel they have missed the boat then get told that they can buy a unit that has already been "sold' previously .
SOOOO if you bought in at 750,000 baht per unit 6 months ago you can now sell it on at the new going rate of 870,000. This goes on and for years and slowly but surely the builders take for ever to actually build the place. Making profits on sales / re-sales and commission.....sometimes abandoning the project totally when interest dries up or actually make a half arsed finish to the building before moving onto their next project...........Now before you shoot me in flames...I am the ultimate cycnic.
And I give not a hoot if you have already bought into one of these schemes. I do not care what other people do with their money or how they invest it.
If any one has the time to go round all the Sois on Pratamnak Hill and have a real close look round the jungle clad lanes - You will see the many "incomplete" building foundations poking up from the ground.
Jomtien and Na Jomtien also have their share of these as well. I won't mention names it will only start a "Bun fight in a
PARK".
BS already has its own concrete jungle clad abandonded project 100 yards back from the beach if you care to venture there.....
Edited by lonewolf99, 2010-09-04 16:24:35.