Re-location advice

[TonyCheong2]

Originally Posted by naemlo

Is this consider investment?? Personally to me, this is not investment but maybe to u and others, this is passive income. BTW, hopefully within this 20 yrs, nothing crops up.

Old bird is really old bird.

In Thailand the condo value will only go down over time due to lousy maintenance.
Only those prime Bangkok properties located in certain parts of Sukhumvit and Silom can appreciate as limited land to develop.

Go for townhouse (foreigner not eligible) if really want to buy as no need to pay the stupid condo maintenance fees.
Also Thais will rather buy a townhouse than a condo if they can afford it.
More privacy, living space and parking is free.

Singaporeans damn funny bunch.
Die die must buy condo for overseas properties.
Same thing for Johor Bahru and Kuala Lumpur.

In Singapore if stay in condo means "atas" but in other countries staying in condos is just considered normal.
Unless you're a student or retiree how many times do you actually utilise the condo facilities?
Mon - Fri work like a dog.
Come back home already tired like f*ck.
Chop chop eat dinner, watch some TV, interact with kids (if any) and crash liao.
Only weekends then maybe will use the facilities if you don't go out and socialise.

*Disclaimer: Some busybody and cocky people claim my info and opinion are misleading as out of touch with Thailand. Please use info at your own discretion.

[Kovovo]

Jus wondering......with a similar outlay of 1.3 is there a better choice of property?

[Chantelfin]

Originally Posted by naemlo

1.3 mil, guess it is a small unit about 30 sqm. Rental will be about 8k per mth. Maybe after 10 yrs, u can't rent it out at 8k cause it is old but assume u can rent out at 8k every mth....U will need about 14 yrs to get back 1.3

Is this consider investment?? Personally to me, this is not investment but maybe to u and others, this is passive income. BTW, hopefully within this 20 yrs, nothing crops up.

Thanks for your insights. I am starting small and hope to move to bigger things later.

[naemlo]

Originally Posted by Kovovo

Jus wondering......with a similar outlay of 1.3 is there a better choice of property?

1.3 which is about 55k SGD, what u expecting?? A palace?? U might be able to buy a small local Thai grade townhouse. U want bigger and better then u have to buy a cheap land in a super ulu street, in a super ulu province and build from ground zero. U will need in total about 3 mils but depending how the design and furnish.

Originally Posted by Chantelfin

Thanks for your insights. I am starting small and hope to move to bigger things later.

All the best....

[TonyCheong2]

Originally Posted by naemlo

1.3 which is about 55k SGD, what u expecting?? A palace?? U might be able to buy a small local Thai grade townhouse. U want bigger and better then u have to buy a cheap land in a super ulu street, in a super ulu province and build from ground zero. U will need in total about 3 mils but depending how the design and furnish.

In context to foreigner with ownership in personal name then townhouse and land is out of the question.

THB1,300,000 can get pigeon hole studio condo in Bangkok only lah.
Some more not near any BTS/MRT Station.

Then the most important thing to take note is currency depreciation.
SGD will appreciate gradually over time against all ASEAN currencies.

Unless like Cambodia's condo priced in USD but whether property value can appreciate or not in the future is a big question mark.

*Disclaimer: Some busybody and cocky people claim my info and opinion are misleading as out of touch with Thailand. Please use info at your own discretion.

[vbkk]

Originally Posted by Chantelfin

Just booked a condo 1.3m Baht in Pattaya Tai on my recent trip there. Going up again in aug to do the title transfer. I think it will be a good investment.

Originally Posted by Chantelfin

Hope to get 7% yield from rental. The first 2 year guaranteed by developer.

Originally Posted by naemlo

1.3 mil, guess it is a small unit about 30 sqm. Rental will be about 8k per mth. Maybe after 10 yrs, u can't rent it out at 8k cause it is old but assume u can rent out at 8k every mth....U will need about 14 yrs to get back 1.3 mil.

If add in tax, maintenance, insurance and other fees and not every month your condo is rented....Near to 20 yrs before u get back all your 1.3 mil. After 20 yrs, u will have to sell this old condo at lower price and hopefully someone likes your old unit and there is no new project in your area or around Pattaya.

Is this consider investment?? Personally to me, this is not investment but maybe to u and others, this is passive income. BTW, hopefully within this 20 yrs, nothing crops up.

Alot have to be depends on the developer company as well as location. A good investment will only be when its a good location with good prospects of future transportation / buildings.

No offence but there's plenty of cheap condos at 1-2MB in pattaya. If u are really serious about having a good investment in a condo, u should be looking at the better premium condos which u could eventually let go in 1-2 years with certain buyers ( foreigners ).

Like bro naemlo said, he could be also indicating that such lower tier condos are better off for own use. Given the rental bracket below 10k,its barely hard to break even or make a profit unless someone foolishly would buy a marked up condo ( 2-3 years since built ) from u when they can get many options to buy a newly released condo

Investors normally would book a condo before its built. When open sales,get agents to sell off their units at a profit. Some would hold till 1-2 year depending on their strategy.

[francesco]

Originally Posted by TonyCheong2

Then the most important thing to take note is currency depreciation.
SGD will appreciate gradually over time against all ASEAN currencies.

*Disclaimer: Some busybody and cocky people claim my info and opinion are misleading as out of touch with Thailand. Please use info at your own discretion.

this is so true.

i used to have property overseas, bought during first launch, yea value increased over time but due to appreciation of SGD ... in the end it was either break even or lost a bit

[naemlo]

Originally Posted by TonyCheong2

In context to foreigner with ownership in personal name then townhouse and land is out of the question.

Few options, setup a company, get a Thai gf or wife, or lease the land just like what most SG ppl doing in SG.

[naemlo]

Originally Posted by vbkk

Investors normally would book a condo before its built. When open sales,get agents to sell off their units at a profit. Some would hold till 1-2 year depending on their strategy.

Most Thais will book an unit or units in new project, paying small amount of booking fee then try to sell b4 1st payment. If can't sell just forfeit the booking fee.

[Ray84]

Originally Posted by naemlo

Most Thais will book an unit or units in new project, paying small amount of booking fee then try to sell b4 1st payment. If can't sell just forfeit the booking fee.

I think foreigners also can do the same, since taking into acct our higher currency conversion ratio, it's more worth it to do so then be stuck with a unit that cannot be sold.

[Kovovo]

Thank u all for the valuable input!
Congrats n all the best to TS for owning his first property in pattaya!

[naemlo]

Originally Posted by Ray84

I think foreigners also can do the same, since taking into acct our higher currency conversion ratio, it's more worth it to do so then be stuck with a unit that cannot be sold.

There are ways to make money in Thailand... It is whether u want to make big or small money and whether u have the time n put in effort...lastly whether is it worth it.

[Kovovo]

Originally Posted by naemlo

There are ways to make money in Thailand... It is whether u want to make big or small money and whether u have the time n put in effort...lastly whether is it worth it.

May i know in your opinion, wat would be one of the simplest way to earn a moderate living using just a sgd50k capital n minimal effort?
Many many thanks

[naemlo]

Originally Posted by Kovovo

May i know in your opinion, wat would be one of the simplest way to earn a moderate living using just a sgd50k capital n minimal effort?
Many many thanks

This a very open ended question... what did u mean by moderate living, what is minimal effort, expected ROI? I am a business consultant thus there is a fee for consultation. Take example, condo, ROI 20 yrs n so on....

[Kovovo]

Originally Posted by naemlo

This a very open ended question... what did u mean by moderate living, what is minimal effort, expected ROI? I am a business consultant thus there is a fee for consultation. Take example, condo, ROI 20 yrs n so on....

Haha sorry man, im just a lazy singaporean w v v little. Kindly ignore silly question. Appreciate your prompt reply. Thanks