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[beachyman]

Phew, you scared me haha. Thanks for clarifying!

[travelmann]

thaifkrlim, on 2012-01-17 16:34:22, said:

i am de-purchasing my 58 sqm 2 bed all mod con furnished condo 100m - onnut bts, few steps to carrefour, tenanted to 2 korean hetero, auction starts at 5 mils, lucky bidder gets monthly income of 23k

Ok The  Room 79? Blocs  77?

I prefer my  el cheapo units at lpn down the road with a return of 12k a  month each purchase costs 1.17 mil baht, that i think youll find is over 10%

Edited by travelmann, 2012-01-18 01:27:49.

[beachyman]

travelmann, on 2012-01-18 01:25:55, said:

thaifkrlim, on 2012-01-17 16:34:22, said:

i am de-purchasing my 58 sqm 2 bed all mod con furnished condo 100m - onnut bts, few steps to carrefour, tenanted to 2 korean hetero, auction starts at 5 mils, lucky bidder gets monthly income of 23k

Ok The  Room 79? Blocs  77?

I prefer my  el cheapo units at lpn down the road with a return of 12k a  month each purchase costs 1.17 mil baht, that i think youll find is over 10%

How are those LPN units? I have seen the ads and the square meter prices are crazy cheap. It is also pretty Thai style from the website but looks promising.

[farang000999]

You could buy stock in some of the bigger home/condo construction companies. More liquidity, less headache.

[Hooters]

farang000999, on 2012-01-19 02:19:20, said:

You could buy stock in some of the bigger home/condo construction companies. More liquidity, less headache.

Unfortunatly that liquidity can disapear very very quickly. works both ways

[rotary]

As most of the other posts state...............there is a much greater chance of losing money on your proposed "investment" than there is of making money. There are thousands of people who made investments like this who would be happy to get 1/2 their money back, never mind any profit.

[StreetCowboy]

Hooters, on 2012-01-20 05:44:30, said:

farang000999, on 2012-01-19 02:19:20, said:

You could buy stock in some of the bigger home/condo construction companies. More liquidity, less headache.

Unfortunatly that liquidity can disapear very very quickly. works both ways

There's a lot less maintenance and other liabilities with holding stock in the property companies.

SC

[Hooters]

rotary, on 2012-01-22 11:01:29, said:

As most of the other posts state...............there is a much greater chance of losing money on your proposed "investment" than there is of making money. There are thousands of people who made investments like this who would be happy to get 1/2 their money back, never mind any profit.

Along with thousands that have doubled there money. Over the last few years I have lost money in the stock market but have made money on a condo sale. Some very strange advice on these threads without offering an altrenative means for capitol growth with a steady income. YOU will NOT get that in a bank, suprisingly the average JOE cant work out why that is the case

[BlackJack]

get something with a long term tenant

forget buying off the plan
many risks

the odd Soi's are better - Soi 11 (Indian and or Embassy type renters) to Soi 39 (Japanese area)

[Hooters]

BlackJack, on 2012-01-22 12:14:07, said:

get something with a long term tenant

forget buying off the plan
many risks

the odd Soi's are better - Soi 11 (Indian and or Embassy type renters) to Soi 39 (Japanese area)

agreed BJ the condo I live in is that area. However there have been changes made to off the plan purchases due to the reason you point out being risk. The better developers are now offering deposit purchase payable in stages relative to construction completion levels.
this is very important news to potential investors as it derisks significantly

[dmbd]

So many mixed reviews on this (and so many replies!)

Thanks for your efforts.

I don't see this being an incredibly high risk investment as the initial outlay isn't that much.

What would say a new studio room rent for in Suk 24 / month?

[beachyman]

Hooters, on 2012-01-22 12:21:34, said:

offering deposit purchase payable in stages relative to construction completion levels.
this is very important news to potential investors as it derisks significantly

Yeah, the two condos I invested in off plan were down payment, approx. 10% spread monthly over the building term, remaining with a cashier check at the land transfer department.

That is the only reasonable way to do it. You only have to make two transfers, one to pay the deposit and money for the building term, another right before. I made off pretty well the forex spread as well, thankfully, but that is something to consider as well.

[TheKeeNok]

So picking up a 350 000bt unit geared towards Thais would not be a smart move?

[beachyman]

TheKeeNok, on 2012-01-30 04:41:36, said:

So picking up a 350 000bt unit geared towards Thais would not be a smart move?

Mmm.. how would you manage it? rent it out? how old will the building be? how will you own it (regular apartments that aren't registered condos cant be held freehold)? And only for one? Not a huge sum of money but the return wont be so good and consider you will likely not get a good purchase price in the broad frame of things so resale will be very hard and possibly even a negative return if it is not a good building.

[PattayaParent]

beachyman, on 2012-01-29 22:02:34, said:

Hooters, on 2012-01-22 12:21:34, said:

offering deposit purchase payable in stages relative to construction completion levels.
this is very important news to potential investors as it derisks significantly

Yeah, the two condos I invested in off plan were down payment, approx. 10% spread monthly over the building term, remaining with a cashier check at the land transfer department.

That is the only reasonable way to do it. You only have to make two transfers, one to pay the deposit and money for the building term, another right before. I made off pretty well the forex spread as well, thankfully, but that is something to consider as well.

Still doesn't help you if the condo fails to be completed, especially if it fails in the later stages, like when the more costly works of finishings and MEP need to be paid.

The Thai government did introduce and escrow law which would eliminate the risks of off plan purchases, but I've yet to find a developer that will admit that it exists, never mind use it.

[TheKeeNok]

It amazes me that the price of a Camry or Accord is the sameas a new condo.  1.4 mil.  Given the choice I would think that getting the condowould win out all the time.