Re-location advice

[alpineguy]

Originally Posted by smile_santa

For me, working there is more for the experience than the money. And if you think about commodities and necessities like food is cheaper there by 30-40%, I think on a whole its very acceptable.

Same here bro, I don't mind getting a contract assignment to Thailand just for the experience.

Furthermore, once you have that experience, future companies might have tendencies to post you back to Thailand again since you already got contacts/network in Thailand.

[naemlo]

Originally Posted by Ray84

The sad truth is that u get oversea exposures but at the sacrifice of higher earning potential during your prime years... Opportunity cost at play here..

Depends... maybe I am lucky and not boasting. All my job opportunities were approached by head hunter and required me to be based in oversea. Since head hunted, my demanded package were high before I agreed to move on.

Anyway, just for info to samsters...Days ago, I was talking to 2 friends working as head hunter. I wanted them to help me find a job back in SG and both commented the same, this year economic is very, very, very bad... they noticed significantly less job opportunities...

[edmund899]

Originally Posted by TonyCheong2

What is so scary about China?
China is my second home leh.

If you can survive China, you can survive anywhere on this planet.

very true! 10 years of business dealings with them taught me how to play them at their own game.

Originally Posted by naemlo

Very scary... I know a cb kia who stays in China too long, behaves like PRC.... want face, tau kang yao siew and lies thru teeth. Fortunately or unfortunately I learnt a lesson from him, not to trust and help samsters too much. If need help, money first. Wasted my time and effort to help him. Helped him not once, twice but 4 times. No a "thank you" or anything but disappears from planet earth.

look on the bright side, at least you learned a valuable lesson in life about dealing with people.

to me, the only scariest thing is that we refused to learn from our mistakes.

[PeroPero]

Government says next year 2017 will be 'Gloomy' but in ACTUAL fact, it is trying to tell us RECESSION coming next year.

For those that wants to change job, better think properly and carefully as the patch is NOT ALWAYS greener on the other side.

[TonyCheong2]

Originally Posted by Ray84

Chanced upon this strategy shared by a farlang who is staying in Bkk. As Thais are not into buying second hand condos, he scouted around for fire-sales and bought 2 second hand condos at a big discount to market prices.. Next he refurbished the condos into looking those modern contemporary style and managed to rent out on long term contracts to 2 tenants that are students.. Average yield around 10+%. Foods for thought..

This farang is just playing with peanuts money and earn rental for beer money at bars.

The lucrative way is to buy or lease a whole building, refurbish it and hire your own management team to run it.
The top floor (penthouse ) will be occupied by you (da boss) so that staff are kept on their toes.
From your ivory tower you can see how the business is going mah plus you're "rent free" but for accounting sakes you must put in an amount for taxation purposes.

This is how I'll do it if I can get funding from banks.

I know what you're talking about because I ever researched on Bangkok real estate in depth before.
Not just with fingers on keyboard but a lot of leg work by surveying sites.

All over Bangkok there're a lot of dirt cheap freehold condos but the question is do you dare to buy or not?
A lot are very ghetto looking.

Most condos in Bangkok lack maintenance.
After the condo TOP for 5 years the exterior walls look like crap.
Interior common spaces no need even to furthur elaborate.

Eg. THB400,000/S$16,000 Condo at Bang Kapi.

As I've mentioned before want to invest better invest in Condos sitting on prime land.
The demand is always there as expansion space is limited.

Originally Posted by edmund899

very true! 10 years of business dealings with them taught me how to play them at their own game.

Along the way when dealing with PRCs sure will incur some collateral damage.

Up you my 2 humble rep points!

[Happyman007]

Originally Posted by TonyCheong2

This farang is just playing with peanuts money and earn rental for beer money at bars.

The lucrative way is to buy or lease a whole building, refurbish it and hire your own management team to run it.
The top floor (penthouse ) will be occupied by you (da boss) so that staff are kept on their toes.
From your ivory tower you can see how the business is going mah plus you're "rent free" but for accounting sakes you must put in an amount for taxation purposes.

Got 3 bros in CM did this, 2 of them build new building and run as hotel and also long term rental while another 1 bro rented a shop house and run as guest house and restaurant. Business is ok but still a lot of hard work to run a business.......overhead, staffs, high low season turn over of guest etc etc. For me better retired style easy easy rent few unit of condo and shake leg one corner

[Ray84]

Originally Posted by naemlo

Depends... maybe I am lucky and not boasting. All my job opportunities were approached by head hunter and required me to be based in oversea. Since head hunted, my demanded package were high before I agreed to move on.

Anyway, just for info to samsters...Days ago, I was talking to 2 friends working as head hunter. I wanted them to help me find a job back in SG and both commented the same, this year economic is very, very, very bad... they noticed significantly less job opportunities...

Wow nice! when u first started, did u actively scout for headhunters to get your 1st oversea stint?

[naemlo]

Originally Posted by Ray84

Wow nice! when u first started, did u actively scout for headhunters to get your 1st oversea stint?

I had a job which required me to travel extensively in the region... after I moved on to another company, initially looking after SG market but soon we won a few projects in JKT thus my oversea stint started from there All fates, I did not purposely look for an oversea job.

[TonyCheong2]

Originally Posted by Happyman007

Got 3 bros in CM did this, 2 of them build new building and run as hotel and also long term rental while another 1 bro rented a shop house and run as guest house and restaurant. Business is ok but still a lot of hard work to run a business.......overhead, staffs, high low season turn over of guest etc etc. For me better retired style easy easy rent few unit of condo and shake leg one corner

Running Hotel accomodation is different from apartment rental.
Hotel accomodation relies on tourism while apartment rental is from domestic demand.

You're going into retirement mode so of course no need to work so hard lah.

[edmund899]

Originally Posted by TonyCheong2

Along the way when dealing with PRCs sure will incur some collateral damage.

Up you my 2 humble rep points!

ya, high casualty rate when just starting out dealing with them. heng i wise up quickly to their ways.
now is shoot first talk later.

back to thailand, what's the process like to start a factory in thailand? can buy the building or can only lease?

will return your points soon.

[naemlo]

Originally Posted by edmund899

back to thailand, what's the process like to start a factory in thailand? can buy the building or can only lease?

Process will be long winded... since u are investing few 100k or millions... why not pay a small fee to a lawyer?

As for building, u have few options....lease the land, build your own building. Buy the land, build your own building. Lease a building. Depending on what type of factory, location of your factory, there are various concessions offer by the BOI. Again look for a lawyer to assist.

[TonyCheong2]

Originally Posted by naemlo

there are various concessions offer by the BOI.

Open G-Club will get concession from BOI or not?
555!

[naemlo]

Originally Posted by TonyCheong2

Open G-Club will get concession from BOI or not?

Have, u pass me USD 1000, I will do for u.

[TonyCheong2]

Originally Posted by naemlo

Have, u pass me USD 1000, I will do for u.

Wow you learn from me reply so fast ah!

[naemlo]

Originally Posted by TonyCheong2

Wow you learn from me reply so fast ah!

Have business opportunity, of cause fast hand, fast leg.