Popular Post theguyfromanotherforum Posted May 1, 2018 Popular Post Share Posted May 1, 2018 I was looking at come condos near airport link (nowhere near bts/mrt) and was told all foreign quota is full. These micro one bedrooms were selling for more than On Nut per square foot! Who's buying these? I strongly suspect Chinese are buying in bulk. 1 2 Link to comment Share on other sites More sharing options...
ChiangMaiLightning2143 Posted May 1, 2018 Share Posted May 1, 2018 And thus the rest remain unsold or must be flogged off to Thais at steep discountsA market distortion that lowers the value of those units held by Thais. Is that smart? 2 Link to comment Share on other sites More sharing options...
Kerryd Posted May 2, 2018 Share Posted May 2, 2018 Chinese are also "foreigners" and the rules on ownership apply to them as well. However, a Thai registered company (or companies) would have no problem buying as many "non-foreign" units as are available, regardless if one of the "directors" was Chinese or Canadian. They could then be leased/rented or flipped to other foreigners just like normal. Theoretically, every condo in a building could be in the possession of a "foreigner", so long as 51% are "owned" by a Thai company. It could very well be that Chinese concerns are behind the purchases. Property is usually a good investment and while waiting for the units to appreciate in value perhaps they can be leased/rented (perhaps to Chinese tour groups and/or AirBnB types). If there is any proposed development in the area that could affect prices then perhaps someone "in the know" is behind the purchases. Wouldn't be the first time that happened (in many parts of the world). Link to comment Share on other sites More sharing options...
Johnnyngai Posted May 2, 2018 Share Posted May 2, 2018 That is how corrupt official in other corrupt countries park their dirty money. 1 Link to comment Share on other sites More sharing options...
AlQaholic Posted May 2, 2018 Share Posted May 2, 2018 18 hours ago, theguyfromanotherforum said: Who's buying these? I strongly suspect Chinese are buying in bulk. Bandidos and Hells Angels... Link to comment Share on other sites More sharing options...
lkn Posted May 2, 2018 Share Posted May 2, 2018 16 hours ago, ChiangMaiLightning2143 said: And thus the rest remain unsold or must be flogged off to Thais at steep discounts A market distortion that lowers the value of those units held by Thais. Is that smart? Sincerely doubt that prices for a 1 BR condo in BKK far from BTS and MRT would be affected by demand from foreigners. Link to comment Share on other sites More sharing options...
lkn Posted May 2, 2018 Share Posted May 2, 2018 19 hours ago, theguyfromanotherforum said: Who's buying these? I strongly suspect Chinese are buying in bulk. Why didn’t you ask at the condo? Surely the Juristic Manager should have known, or the agent who showed you the place. Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted May 2, 2018 Author Share Posted May 2, 2018 24 minutes ago, lkn said: Why didn’t you ask at the condo? Surely the Juristic Manager should have known, or the agent who showed you the place. To be honest, I'd expect a more honest and accurate answer from TV CSI Hence my post Link to comment Share on other sites More sharing options...
newnative Posted May 2, 2018 Share Posted May 2, 2018 Primarily Chinese. A major Bangkok developer I know of had a separate sales team fluent in Chinese handling only Chinese buyers at the Sales Office of one condo development my partner and I looked at. The Chinese buyers were in one area and everyone else dealt with the regular sales team of the developer. I think there were brochures just in Chinese, as well. I think some of the big developers are also sending sales teams to Chinese cities. Link to comment Share on other sites More sharing options...
gaff Posted May 2, 2018 Share Posted May 2, 2018 Yes you certainly have checked all buildings near airport link... 1 Link to comment Share on other sites More sharing options...
jenny2017 Posted May 2, 2018 Share Posted May 2, 2018 4 hours ago, AlQaholic said: Bandidos and Hells Angels... Controlled by the "Outlaws." Link to comment Share on other sites More sharing options...
holy cow cm Posted May 2, 2018 Share Posted May 2, 2018 Chinese. Same in Chiang Mai.1 building and approx. 400 condos with approximately 200+ sold to the Chinese. Not a day goes by hearing someone complain about how many Chinese are here and how rude. Junta has dug everyone's grave. Once here impossible to reverse it. Link to comment Share on other sites More sharing options...
Monkeyrobot Posted May 2, 2018 Share Posted May 2, 2018 The Chinese are buying everything they can get there hands on , not only in Thailand. There are a lot of those little buggers they will own the sth China sea plus all the realestate surrounding it. Link to comment Share on other sites More sharing options...
marquis22 Posted May 2, 2018 Share Posted May 2, 2018 The airport link trains are jam-packed now, hate to see/travel when even more residents living along the line want to travel into the city for work. 1 Link to comment Share on other sites More sharing options...
newnative Posted May 2, 2018 Share Posted May 2, 2018 6 hours ago, marquis22 said: The airport link trains are jam-packed now, hate to see/travel when even more residents living along the line want to travel into the city for work. Agree. Should be 6 or 8 car trains. Link to comment Share on other sites More sharing options...
KittenKong Posted May 3, 2018 Share Posted May 3, 2018 Why didn’t you ask at the condo? Surely the Juristic Manager should have known, or the agent who showed you the place. Both may know but neither is obliged to tell anyone, or to tell the truth. Link to comment Share on other sites More sharing options...
ChiangMaiLightning2143 Posted May 4, 2018 Share Posted May 4, 2018 Chinese moved out of rental unit. Took bath faucet and spray shower with them. A common occurence, I'm told. Link to comment Share on other sites More sharing options...
cheeryble Posted May 6, 2018 Share Posted May 6, 2018 Chinese moved out of rental unit. Took bath faucet and spray shower with them. A common occurence, I'm told.That’s just not cricket.....Sent from my iPad using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
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