Is it possible to find anything decent in BKK for 2-2,5M Baht?

[sav87]

As far as my very personal definition of 'decent'.. 
Location: I am not too concerned with location, a condo in the suburbs would suit me just fine as long as it was within reasonable proximity of a BTS / Airport Link station.
Size: 1 bedroom or studio
Facilities: I don't really care about swimming pools, a gym would be nice,  
Build quality: Would it be realistic asking for something that won't have to be torn down in twenty years' time?
One clarification I should make is that I'm not thinking of this as an investment, more like a place to stay. I don't mind parting with that money if it means not having to worry about accommodation whenever I'm in BKK.

If any kind soul could advise me, I'd appreciate it... Thank you :)

 

[jackdd]

https://www.hipflat.co.th/en/search/sale/condo_y/TH.BM_r1/TH.BM.SU,TH.BM.BN,TH.BM.BY,TH.BM.HU,TH.BM.LK,TH.BM.LP,TH.BM.MI,TH.BM.BK,TH.BM.DI,TH.BM.DU,TH.BM.KS,TH.BM.PR,TH.NO.BK,TH.BM.KA,TH.BM.KL,TH.BM.NA,TH.BM.PH,TH.BM.PK,TH.BM.RB,TH.BM.SS,TH.BM.ST,TH.BM.TA,TH.BM.TW,TH.BM.TB,TH.BM.WT,TH.BM.WA,TH.BM.YA,TH.BM.BO,TH.BM.KP,TH.BM.PA,TH.BM.PC,TH.BM.PT,TH.BM.PN,TH.BM.RT,TH.BM.SA,TH.BM.SL,TH.BM.TK,TH.SP.BP,TH.SP.SP,TH.SP.PP,TH.BM.RA,TH.BM.KT,TH.BM.CT,TH.BM.KY,TH.BM.KH,TH.BM.CH,TH.BM.PP_r2/2000000,2500000_p/any_b/any_a/15_w/any_o/any_i/100.57238943847415,13.726977858440936_c/13_z/map_v

should be possible

[xerostar]

I rent a modern one bedroom apartment in a highrise block with good security, gym, pool and undercover parking.
Rent is 11,000 baht per month.
Why part with your cash when 2 million baht would give you about 15 years renting.
If you buy a condo you will have a number of potential problems. e.g. noisy or bad neighbours or you may get bored with the location.
You may have difficulty in selling the property for a good price when you decide to leave. By renting you are free to leave with just 3 months notice, or less if you don't mind losing all or part of the bond. You can move to another/ better location as you please. Most of your cash can be used for other things.

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[connda]

Is it possible to find anything decent in BKK for 2-2,5M Baht?

A slightly used porn star named Nong Nat comes to mind.  She'll rub your feet for about that price from what I hear. 

Edited April 12, 2018 by connda

[NutsMango]

2 hours ago, xerostar said:

I rent a modern one bedroom apartment in a highrise block with good security, gym, pool and undercover parking.
Rent is 11,000 baht per month.
Why part with your cash when 2 million baht would give you about 15 years renting.

I agree with rent vs buy with you. Would you mind to share name of the condo?

[Sumarianson]

Go on prakard.com, loads of places for sale and no commissions so should get a better deal. The Thapra area is not bad. Look at the Parkland Taksin Thapra. The Parkland Grand next door is out of your reach. If not try in Parkland City across from the Mall Thapra. All are within 10 min walking distance of BTS and MRT. 100Baht will take you to Silom just over for Sukumvit. Nice views of the Chopraya and Asiatique from Parkland Taksin Thapra Bukkalo Thonburi. Nice summer breeze on the South facing side. Cheaper on the north facing side if you dont like the sun. Good luck

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[Sumarianson]

Try Parkland Grand Taksin Thapra if you want to rent. You can get 1 bed 35 sq mtr. With south balcony. Pool, gym, library, sauna, parking on high floor for 11000B with a bit of bargaining normally 12000. You could possibly get a bigger room if you agree to a long term contract. If you want to rent. I think better.

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[Queen4ADay]

The short answer is yes! Lots of great condos close to BTS, 30+ sqm for 2M-2.5M. I have a lots. Message me anytime.

I personally don't agree with the rent vs buy approach as the perfect solution for everyone but I do understand why some people prefer that approach.  However why make other people rich? When you can do it for yourself and enjoy at the same time. 

[NutsMango]

9 minutes ago, Queen4ADay said:

However why make other people rich? When you can do it for yourself and enjoy at the same time. 

Because there are better performing, less demanding assets .... not to mention not many people mention how they got rich off buying fish cans in Bangkok.

[Queen4ADay]

NutsMango....do tell. We are all listening.....

 

[NutsMango]

2 minutes ago, Queen4ADay said:

NutsMango....do tell. We are all listening.....

Real estate in the western countries with clear value proposition. You can easily look up value of surrounding properties, unlike here where you have no idea. Even developers point blank lie about how the project is "sold out" when in fact it isn't. The properties tend to have some unique features, looks... not 400 identical fish cans in one building. Let's not forget how 100 years old houses often look better than 15 years old condo here. Or that there is very little chance of 1300 unit high rise condo poping up next to your house in London, Sydney, California etc.

 

Share market performs in long term significantly better while requiring little to no ongoing work.

 

Cryptocurrencies for those with more risk appetite.

[NutsMango]

Anyways to the OP:: if you really feel like sinking some cash in properties in Bangkok (I see you profile pic is Ripple so it could be almost free for you if you got in early)

 

Look around Phetchaburi/Rama9 MRT - it is a great location due to proximity to MRT/Airport link/Asoke for tourists and locals working in the area, lot of offices there. There is also a big university so a lot of parents renting rooms for their kids. One of the lower cost condos which don't sux is TC Green Rama 9 - you can get studio for 2.5M but if you stretch your budget to 3M you can get 1 bedroom which is much better investment imo.

 

And bargain hard, because there is shit ton of empty units in new high rise buildings now - Life Asoke with 1600+ units, super expensive ESSE Asoke w 500+ units, and another one next to Supalai (don't remember the name)

[jacko45k]

There's Nok from Playskool in NEP, you may get her for 12 months if you keep her on a tight rein.

[saakura]

There are thousands of empty shoe box condo units 24-38sqm, all along the BTS line and many more being built. But beware, resale value will drop drastically, if at all you are lucky enough to find a buyer. Renting is a far better option, in my opinion. 

[Elkski]

I must see some of these places.   If a 1 BD is 11,000 how much for 2 bd rm?

[baansgr]

On 4/12/2018 at 2:51 PM, xerostar said:

I rent a modern one bedroom apartment in a highrise block with good security, gym, pool and undercover parking.
Rent is 11,000 baht per month.
Why part with your cash when 2 million baht would give you about 15 years renting.
If you buy a condo you will have a number of potential problems. e.g. noisy or bad neighbours or you may get bored with the location.
You may have difficulty in selling the property for a good price when you decide to leave. By renting you are free to leave with just 3 months notice, or less if you don't mind losing all or part of the bond. You can move to another/ better location as you please. Most of your cash can be used for other things.

Sent from my SM-N915F using Thailand Forum - Thaivisa mobile app
 

Some of us prefer home ownership, i could never rent, the pitfalls and insecurity is too much. Long term its financially better also. I geel comfortable in MY home

[HidyHo]

1 hour ago, baansgr said:

Some of us prefer home ownership, i could never rent, the pitfalls and insecurity is too much. Long term its financially better also. I geel comfortable in MY home

I can agree with you except for the part "Long term its financially better also".  This may or may not be true for "condo" purchases. 

 

In my experience, I rent in lower Suk and it seems like the condo is yielding maybe 4% in rent with a lot for for sale inventories.  I've not seen or heard of many stories about anyone actually making money flipping condos in BKK.  I have seen or heard of many stories of people having hard time or taking very long time selling their condos (at break-even point).

[baansgr]

2 hours ago, HidyHo said:

I can agree with you except for the part "Long term its financially better also".  This may or may not be true for "condo" purchases. 

 

In my experience, I rent in lower Suk and it seems like the condo is yielding maybe 4% in rent with a lot for for sale inventories.  I've not seen or heard of many stories about anyone actually making money flipping condos in BKK.  I have seen or heard of many stories of people having hard time or taking very long time selling their condos (at break-even point).

My condo if rented would be about 10%, ive lived here almost 2 years, they sell reasonably quickly, its older and larger well maintained. No capital gain but financially better than renting, i intend to stay at least another, even after taxes etc i am far better off than if i had rented....but most important is the knowledge i do what i want.

[HidyHo]

1 hour ago, baansgr said:

My condo if rented would be about 10%, ive lived here almost 2 years, they sell reasonably quickly, its older and larger well maintained. 

10% yield!!!!  Well, I'd be very interested in buying one :-)  I just "retired" and am looking to move out of lower Suk area.

Edited April 13, 2018 by HidyHo