bangkoklad1

Thanks for the info. So can you claim the tax benefit every year or only after 5 years?

Interesting thread as Im in the same boat at the OP.

Off to SCB tomorrow to ask, but some general questions.

1. Do these operate more as a bank deposit (pay every month, get a return after 6 months/year etc).

2. Do you have any experience on LTF thats pay out more that bank returns and then some (5+%)?

Im deciding to buy either a new condo (est. 6% return) or putting it in a LTF.

Thanks one and all!

Be wary of a 6% loan from the dealer, and not the bank. It could be that they mean 6% of the original amount, forever until the loan is repaid, which would amount to about

19 1/2% per year if it were fully amortized in a four year loan.

Good to know. Some of the motorbikes Ive seen are damn fine... just not sure if they are 19.5%/year fine

May just be a snoopi paid in cash then....

From Bangchak onwards its quiet. Im near Punnawithi and its dead quite around here (maybe too much)

Hi!

Walking through a shopping mall that was having a promo for Kawasaki bikes.

I'm in love with nearly all of them, in particular the mor expensive ones Has any expat been given a financial loan to buy a motorbike in Bangkok? I work for a large company, own a condo here if that helps.

Thanks

Hijacking the thread, but Im on 3BB 10MB/m and is fine (still some buffering etc on videos) but has anyone upgraded from 10mb to 13 or higher. Worth the extra 300/month?

This is a good thread, but google maps covers all bus lanes fairly comprehensively and never had any incorrect info RE bus lanes/times from them yet

Thanks trogers, aleays value your opinion.

Appreciation? I can't beleive someone would buy property (anywhere) especially at this moment in history and factor in "appreciation". In Thailand seems like just as much depreciating force is working against you. Not daying that units can't or don't appreciate. Just think its pure folly to assume that they will, even more so to put a number on it as a rationale and factor for "investment".

I bet condos hide huge pools of black money in this country. Not so concerned about rental income or returns.

All the building now, cannot possibly see how the local Thai can abdorb these units at asking prices. Im seeing signs everywhere of cracks...

Condos in.buildings now being aggressively rented with signage

Signage with markdowns of substsntial "savings"

Giveaways...iPhones to automobiles

They will do absolutely anything and everything - except simply offer units at fair market.

And they build more and more because money, labor and materials are cheap. Yes money, you don't think for a second theybare borrowing for 30yrs at 7% do you??!

But whatever the loan rate, how can developers stay afloat selling less than have if the business? Maybe its just a break even game now. The rest are rented and sold whenever. So like the noodle vendor in.the street, everyone in Thailand suffers with low profit margins.

1 year Bond yields in Thailand where paying 3% a while back... So lets see, 10% or 15% NET yield on a condo over 10 years is still less than what you would make on your money sitting in a bank account collecting interest and that's in a perfect world; 10 Years at 3% per year in a bond, you do the math and you don't have to sell anything or worry about damages or renters when you want to cash out. Other investments pay even higher. Bottom line you don't make any money till the you realize a net gain after investment repayment or leveraged reinvestment profits off the asset, so unless you rent the condo out for whatever amount of time and then at least sell it for what you paid to include maintenance cost you lose; most people do and will never admit it. Real estate is a very long term investment and my opinion right now valueless unless commercial at least in Thailand.

People that own a few condos always think they are making money when it's rented out but fail to realize how much money in cash they paid up front to realize a very low and inconsistent rental return. They then after a few years realize they aren't making any money and try to sell to find that they can't sell fast for the money they spent and then they discount and go negative on the investment. It's a 1% game at this time, 1% win based on luck, timing, or they are just really good at playing the game which is a very rare person and even they loose sometimes.

I might add one of the additional risk of buying a new condo is that the original builder by law only has to maintain it for 2 years after construction is completed, after that they sell off the maintenance management to the lowest bidder for continued maintenance and then the property slowly goes downhill because the Thai maintenance company just takes all the money, they pay themselves first and then what is left over maintain the property. Lot of people won't pay their maintenance fees, mostly the Thai's which represent 51% of the units sold due to the owners based on the law in Thailand. This is why when you look at used condos the area looks run down, people don't take care of things here like they do in the West, they just look at it from a revenue standpoint and the people coming here to rent are looking for cheap, majority anyway so there is no incentive to maintain the units at a quality western standard.

Excellent point.

I bought a condo in BKK and having this issue now. Price, ROI is all ok from what I see in Bangkok but this is the one issue that keeps me from buying again in BKK

You want to open an online shop with a Thai domain.

This is the best way to get the taxmen's attention and the people who want to see your work permit.

Me? No. Just want to host it or does anyone know a company here that does hosting for a reasonable price

Great info from all.

My small (info/pic) based website needs to be hosted. Currently its hosted in HK at nearly 10000bht a year, but I think I can find it for much less elsewhere.

hostgator would be perfect but I cant pay by credit card, so the are out.

Anyone with recommendation for hosting? PM me (even if you are in the business of hosting) if you have any advice!

I got friends renting there with your requirements in the 8000-10000 range. Wont find them online, just go and walk around the complex

Cant believe Im defending lawyers but...

OP was emailing law firms for advice, just wanting it for free. Why should they help/give away their business for free?

If people emailed me with english questions and asked me to help them with grammar rules, I'd tell them to pay or ask someone else.

Just my 2 cents

I think he means reading thaivisa using the TV app is better than reading it on regular computer.

I agree!

Back to the OP question are there any small (29sqr mtr) condos in BKK for that price?

Hi!

I own a shell HK company and its tax time. Is there a Bangkok based (or any overseas recommended) company that helps in organising tax and company licensing for Hong Kong companies?

Papers etc all up to date. Also interested in costs of closing a HK company.

Regards,

Paul

Here is the survey/newspage.

Not sure how the stats are based, but I work and live near Suk 105. Quiet? Sure. Dark late at night? Yep. Not many people around and pretty empty overall? Sure.

But hardly a haven for crime. Anyone know why?

http://www.coconutsbangkok.com/news/bangkoks-top-10-most-crime-prone-places/

From experience (and living in China a while): When you buy an android based phone in ANY China located store (and onine) a lot of features will be blocked. No google play etc.

Usually with lots of bloatware as well.

You can go to MBK etc and get it rebooted (or whatever needs to be done) for about 400bht though.