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today i made my way over to the sales office of the new 'supalai' premier @ asoke. they have a range of options from studio to one and two bed apartments. http://www.supalai.c...er-@-Asoke.html
they have their pre-sales days today and tomorrow. honestly, the place is packed and the studio apartments are all already sold. people are walking in and buying then and there. 6 studio units each floor x 28 floors x 3.3mil approx per unit = 554mil baht just in studio rooms before a brick has even been laid. that doesn't account for any other room types.
the sales person i spoke with said most buyers are investment buyers and will sell again off the plan before construction is even finished.
so, the first guy buys and sells off the plan. lets say 3.3 buy in today, sell at 4.0 in two years time. the second guy buys and sells an actual apartment. 4.0 buy in, sell a brand new apartment at 4.4. so here is my question:
who is the third buyer ? what do they want it for ? to live in it ? to rent it ? to sell again for profit ? are there even people living in these condos ? i am mystified as to who the third person is in the equation because really, aren't they the people driving the market ? are there really that many people looking to rent in bkk ? are there people who would buy to live in these apartments ?
please let me know if my guess at profit margins were correct.
im interested because i am thinking about buying myself. if everyone else is doing it, there has to be a dollar there right !?
