ZZZ

olideb, seems like no one have done this before, very little real information on the FETF here. I'm still waiting to see if I can get some more answeres on my questions above.

My take on your questions are that the developer will probably agree to the additional clause or he will loose a customer. Possibly you will need to add a time clause as well, say 30 days to get it all sorted or everything is anulled and you get your deposit back and the developer is free to sell to someone else.

As for using your money in Thailand and transfer the initial amount back there could be a problem in the future. As far as I understand the FETF serves two functions (still trying to get this sorted out) one; it's a required document when you buy a condo and secondly; You need this document if you want to transfer the money out of the country when you sell the condo.

You may also be able to use this FETF if you buy another condo if you can prove that you have sold the first one, still not sure on this.

If you are going to keep the car that long you might as well buy a car that has run for a few years, that way you can buy both a sedan and a SUV for that kind of money.

The new car smell may be nice but :

Researchers in Australia say the smell of new cars can be toxic and can even cause cancer.

A two-year study by an Australian government research organisation found gases from vinyl and plastic materials in new cars cause headaches, nausea and drowsiness.

The chemicals involved include benzene - a known cancer-causing agent - which was found in one case at five times the recommended exposure

Danger odours:

Benzene - carcinogen

Acetone - irritant

Ethylbenzene - toxin

Xylene isomers - foetal toxin "

Can anyone out there settle this argument? Have you got an SUV with a PDD, if so, why? If it is the roof-mounted device, do you ever use it to carry luggage?

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Not sure what the problem is? An SUV is a DD (drag device) in it self, compared to a normal car.

If you have taken the step from a normal car to an SUV the addition of a few bits and pieces will not make a difference in the big picture of things.

Some of the additions will actually create a turbulence that will lessen the drag and enhance the performance.

One big flaw in this is that to buy a property as a foreigner, you need to have a FETF (used to be a tor tor 3). This form is only issued when you transfer FOREIGN CURRENCY to Thailand and this currency must then be converted to Thai Bath by the receiving bank.

For other purposes, when large amounts are involved, you can probably make some savings.

Good idea, I will try and find a plant in Pattaya and keep on my balcony.

Does anyone know where you can buy fresh aloe vera (fresh leaves cut from the plant) in Pattaya or Bangkok?

Thanks red, I remember now. I will keep him in mind but would prefer someone I can talk with to avoid misunderstandings.

The last few times I have been at the Thai embassy in Singapore the requirement was a letter from a Thai registered company, on company letter head, addressed to the Thai Embassy in Singapore, saying that you are invited for a meeting with them in Thailand. The Embassy may ask you to tell the company to fax the letter to them but normally it will be ok if you bring them the letter.

You should then tell the embassy that you are going to Thailand for a business meeting.

They will then give you a single entry non-imm B visa valid for a 90 days stay. No multiple entry visas will be issued in Singapore (at least that was the case last time I was there, about 6 months ago)

There are numerous threads here about buying property (real estate) by various methods, but as a slow learning serial divorcee, I now tend to look at how to extricate myself from anything before I actually decide to "invest".

So,  .... has anyone here ever actually bought real estate in LOS and then subsequently managed to sell it?

Rick.

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Wow, Fredpat certainly gave you a reply but if you would like a very simple reply from a very small investor. Yes, I bought a studio condo furnished in Jomtien in Aug 2003 for 1.1M baht. It has been rented most of the time returning me around 10% PA.

I sold it last month for 1.37M baht giving me a capital growth of 25%, and yes, I have got the funds transfered out of Thailand to my Aussie bank account. Due to currency fluctuations did not realise 25% in Aussie dollars but still made a profit plus the money is going back to help pay for the new ones.

Hope this helps

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colinj, I have been trying to figure out how it works when selling and transferring the funds out of Tailand, looks like you may have the answer.

When you transferred the funds did you have to provide any paperwork to prove that the funds originated from the sale of your property and that these funds were originally transferred in from outside Thailand? The form would probably be the FETF (used to be tor tor 3).

You also mentioned that you were going to use the proceeds from the sale to buy another property, in Thailand? If in Thailand why did you transfer the funds out of Thailand, is it not possible to use the funds from the sale to buy another property in Thailand as long as the original funds originated from outside Thailand?

I should ask a lawyer these questions but I’m not in Thailand at the moment.

The transfer must be in a foreign currency to Thailand and must then be converted into Thai Bath and deposited into your Thai Bath account in a Thai Bank.

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Could you let me know where you discovered this or where it is stated in the thai legal documentation (or whatever) ?

Thanks

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This has been stated in hundreds of posts in TV and was confirmed by my Thai lawyer. Check with any Thai lawyer and they can direct you to the relevant legal documentation.

Anyone know of a good and cheap moving service in Pattaya? Need to move 3-4 pickup loads a very short distance between two condo units.

Could probably just use a songtaew but would prefer someone more professional.

I'm still pretty much in the dark regarding this topic, despite some answers.

Regarding your question; The fact/documentation (FETF?) that the buyers funds came from outside Thailand gives the new buyer the right to bring that money out when he sells, it will not give the present seller any rights. At least this is how I understand it.

I was hoping to get a few more answers as I'm sure there must have been someone in TV that bought, sold and then bought a new condo or expatriated the funds.

Second Road is a big place.

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Kurgen, could you narow down the location for the shop, or if anyone else have an idea.

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I think you'll find that its a joke

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Probably, and that Kurgen really is hillarious

Kurgen, could you narow down the location for the shop, or if anyone else have an idea.

Check this site for golf events. There is a list of bars that arrange golf trips/competitions just about every day of the week. Get a membership in Pattaya Sports Club to get 40% - 50% discount on greenfees

http://www.pattayasports.org/golf/This%20M...%20Schedule.htm

The codo office where I live in Pattaya told me the cost to get a TOT line was 500Baht and will take less than 7 days.

Trip, I already have something I'm interested in but as you have experience in buying you may be able to answer my questions, see above, regarding the FETF (tor tor 3)?

I saw an interview with the head of immigration in Pattaya regarding the immigration office move from soi 8 to Jomtien. During this interview it was mentioned that you will be able to do your 90 days reporting on internet when this office move is completed.

I think the move will take place in November.

If you buy the cheap water you may be buying bottled crap. There is a big bogus water bottling industry in Pattaya and most likely the same thing is going on in Bangkok.

From Pattaya Mail:

http://www.pattayamail.com/630/news.shtml

Here is the full article:

"A random survey by city hall sanitary inspectors working in cooperation with Banglamung Hospital has revealed drinking water suppliers selling substandard water, working in uncontrolled surroundings, and lacking in official documentation.

Inspectors first visited the TPI drinking water factory at Soi Sukhumvit 43 in Naklua, and the SodSai factory, which is two blocks away. The packing rooms and filling processes were found to be substandard, with toxic substances present.

The Rose factory on Thappraya Road revealed similar deficiencies, and also proved to be unlicensed. The inspectors halted production because of the low standards of the water and the fake labels that were being used. For the water already bottled, police attached a toxic substance notice.

The inspections were carried out under the direction of Deputy Mayor Wuttisak Rermkijakarn and Dusit Chantaracha, pharmacist at Banglamung Hospital. The companies in breach of the regulations have been given 15 days to arrange their licenses and upgrade their processes. If they do not take action they will be prosecuted.

Wuttisak said that Pattaya City lacks water and he voiced concern about people buying drinking water unfit for consumption. The random tests will continue, he said."

The transfer must be in a foreign currency to Thailand and must then be converted into Thai Bath and deposited into your Thai Bath account in a Thai Bank.

To own a boat is probably the same as with a car. All boats have to be registred.

To drive the thing you also need to get a helmsmans license, see instructions below from the Phuket Marine Office. Apparently it's hard to get in Pattaya as the local rent-a-captain maffia operates at the jetty and charge you 500bath a day to be the designated licensed helmsman.

Not sure of the situation in Bangkok.

“You must come to the Phuket Marine Office and bring with you the following:

- Your passport and a letter from a consulate or embassy of your home country verifying that the passport is genuine, accurate and valid;

- Three two-inch photos of yourself;

- A medical certificate verifying that your are fit to skipper a boat.

- If you have it, a certificate to show that you have two years’ experience or more as captain of a yacht.

- If you have an existing master’s certificate from another country, you should bring it with you for us to look at. We may be able to issue you with a Thai license without a test.

You do not need a work permit but we must be sure that you have the relevant knowledge to skipper a boat. The size of the boat is irrelevant. The license states only the function on a boat that the holder may perform – skipper or engineer for example.

If we decide that you must take a test, you should be aware that although the regulations are already available in English, the information booklet about the test is currently available only in Thai.

An English translation is being done and will be completed soon. The price of the booklet is 500 baht.

Test forms, too, are only in Thai, but you may bring a translator to the exam with you.

The Phuket Marine Office has already received authority from the Marine Department in Bangkok to issue Thai skippers’ certificates to foreigners. ”

Friday, May 14, 2004 Kittipong Wasukri, Phuket Marine Office

I have changed the address on my drivers license before but then I did have a non-immigrant visa so no problems. The problem this time is that I do not have this visa anymore.

I know you need a non-imm visa to renew the license so I don't want to go there and try as they may take the license away.

Anyone been in the same situation before ?

Thanks again, I thought that was the case with the FETF just wanted it confirmed.

What I’m not clear on now is the audit trail of the FETF. When the transfer is done at the land office do they then make a note on this form that a certain amount has been used?

What I mean is that if you transfer 4mil to buy 2 x 2mil condos there need to be some indication that the FETF form is still valid for additional condo purchase.

Also if someone have sold a condo and then used the proceeds to buy another condo, what is the deal then with the FETF and what other documents are needed, anyone with experience of this?

Finally if someone has an experience with expatriation of funds after selling a condo with gains, is that still ok despite the FETF shows a lower amount was brought in?

Thanks for that firefan, it clears up a few things but also creates a lot of loop holes.

As the transfer fee and tax is based on the actual transaction price I can understand why most transactions are made splitting the purchase price in two; one for the transfer and the balance straight to the seller. Still not sure if this will create any additional problems for the buyer.

So if the transfer fee and tax is based on the actual transaction price what documentation is used to prove what the purchase price was and is this price registered anywhere in the new Property Title?

If the FETF can be used multiple times it makes no sense to have the regulation that the funds must be transferred in from outside Thailand. That is if a single FETF of say 2mil can be used to buy multiple condos costing 2mil.

It makes sense that you should be able to buy a new condo from the proceeds of the sale of the initial condo. As far as I can see the paper trail must then be something like this; FETF for 2mil, buy condo for 1.5mil (as declared to authorities during transfer), sell same condo for 3mil (as declared to authorities during transfer), this will give you a balance of 3.5mil to buy a new condo without an additional FETF. Can anyone confirm this?

Still not sure what happens if you would like to expatriate the entire amount after the sell if you have made a good gain.

Several bottled water factories in Pattaya were raided recently. Many of them were shut down immediately because the water they bottled was unfit for human consumption. Some of these factories even used fake bottles to make it look like it was a known brand name.

Filter your own water using a good quality UV/cheramic/carbon filtering system (RO is to expensive). A good system would cost from 5,000 to 50,000 bath.

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What is the source of your information?

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The info was from Pattaya Mail and this was not the first time this has happend:

http://www.pattayamail.com/630/news.shtml

Here is the full article:

A random survey by city hall sanitary inspectors working in cooperation with Banglamung Hospital has revealed drinking water suppliers selling substandard water, working in uncontrolled surroundings, and lacking in official documentation.

Inspectors first visited the TPI drinking water factory at Soi Sukhumvit 43 in Naklua, and the SodSai factory, which is two blocks away. The packing rooms and filling processes were found to be substandard, with toxic substances present.

The Rose factory on Thappraya Road revealed similar deficiencies, and also proved to be unlicensed. The inspectors halted production because of the low standards of the water and the fake labels that were being used. For the water already bottled, police attached a toxic substance notice.

The inspections were carried out under the direction of Deputy Mayor Wuttisak Rermkijakarn and Dusit Chantaracha, pharmacist at Banglamung Hospital. The companies in breach of the regulations have been given 15 days to arrange their licenses and upgrade their processes. If they do not take action they will be prosecuted.

Wuttisak said that Pattaya City lacks water and he voiced concern about people buying drinking water unfit for consumption. The random tests will continue, he said.