Luxury Bangkok condo is like Beijing - Chinese treating it as a hotel

[dallen52]

Thai law.

Not applicable to Thais and Chinese, so it appears. 

[Tomtomtom69]

1 hour ago, Stevemercer said:

 

It's probably more the context. There are many Chinese-Thai families resident in Thailand and they often help out their Chinese compatriots for a share of the profit. Many Thai businesses and the elite have a Chinese background.

 

Sure, what is happening is not legal, but most Thais would hesitate to dobb in a Chinese because they may have high connections. No so, farangs.  

 

You might say that Chinese have 'most favoured' status.

 

Sorry to be patronising, but it is Thai culture 101. 

Who says some farang don't have high up connections? And all Chinese do? Most Chinese are just like the rest of us...middle class and doing alright in life, but they don't have amazing wealth. What they have are sheer numbers.

[DingDongLing]

6 hours ago, Maverell said:

As normal the Chinese think they are superior beings and can do what they like. Look at Cambodia, it will be the same here in time unless Government policy towards them changes. Which of course is highly unlikely.

 

People warned about the condo fiasco when Thai property developers started aggressively marketing them in China as investment opportunities.  There are far too many sold empty condo units and not enough longer term renters around to fill them, so this short term fiasco is the result....and the developers are still building new condos. Crazy.

 

Thailand is doomed if they start to allow Casinos.

Thailand is doomed unless they treat farangs better.  Their economy would be shit without us.

 

What about cambodia?

[SupermarineS6B]

Quality tourists........ Yep, real quality......

[Speedhump]

6 hours ago, GeorgeCross said:

setting up a check in desk.. hahaha gotta love the balls on these guys

But I'd heard they were tiny. 

[tomacht8]

Would like to see the daily mountain of completed TM30 forms.
Whether taxes are also paid from the rental profits?
I have my doubts.
 

[Fairynuff]

4 hours ago, Brigand said:

The Thais and other countries so eager to embrace Beijing are going to pay a high price for jumping in bed with the Devil so wantonly and things like this are just the start. The western countries and trading blocks can be annoying and self-righteous but at least you know where you stand with them generally. With China, no strings attached bearing cheap loans and smooth words with big promises but all also with a massive dash of opaqueness. You want to trust them ... good luck with that as they only ever do anything that benefits themselves. In 20 years SEA will effectively have been annexed by China without a shot being fired ... maybe the Viets will resist as they don't really like or get along with the Chinese too well. 

Spot on, everything you say

[Fairynuff]

4 hours ago, peter14 said:

again Thailand should grow up... the law is archaic. the whole world can rent daily but Thailand... oh no we Thai!  well, Hotel should lower their rate that's it!. 

Not quite correct, many larger cities around the world have already acted or are in the process of stopping daily rentals

[ttrd]

RE - Daily rent is against the law. 

 

I have said it before and say it again - why not use the loop hole and rent out on a nightly basis ...

[Fairynuff]

3 hours ago, sfokevin said:

1,080 baht a night.... Luxury?... 

Compared to where they live....probably 

[digger70]

Well they wanted Quality Tourists Now they got them (SUB QUALTY) ,,,,,,KARMA bites them in the But.,,,, 

[moe666]

6 hours ago, GeorgeCross said:

setting up a check in desk.. hahaha gotta love the balls on these guys

I rented a similar place in CM for a friend who came to visit, they gave us a phone number to call if any problems, check in and check out has to be on time as the Thai lady who handles it is a paid employee but not the actual condo building. Going thru there brochure in the room they had these places all over the world. Then the kicker 500b for cleaning, all in all not a deal hotels cheaper overall.

[btsfreak]

The problem is (and thats what the government knows I assume) is that the daily rental business is the only thing that keeps the real estate party going. If the ban would be enforced, we suddenly would have 30% of the whole condo supply of Thailand up for sale. And those condo owners who are advocating a ban would lose 30% of their investment as well because prices would freefall. I am not saying that things are right as they are, but I would assume the better solution would be a regulated one as we have in other countries (renters cannot administer big amounts of units, they have to be registered and taxed properly, etc.). But well... that would need the absence of corruption...

[Expat Tom]

The Thai love affair with the Chinese will end badly for the Thais. If not for the prohibition on ownership of land by non-Thais, Essan would a vassal state of China Thais would be paying rent to live there. 

[TheGhostWithin]

7 hours ago, shady86 said:

Easy. Just build condos only for Chinese.

In New Zealand, they do exactly this now - there is a condo going up behind the building I rent in, being built by "China Construction", and those are the only English words on the entire development. The showroom is manned by ONLY Chinese, and all signage is in Chinese. Assimilation, blending in and respect for those who came before you is not something which Chinese (specifically mainland Chinese, mandarin speakers in my own personal experience) seem to value.

 

Even had one throw an apple at my head across a supermarket today, because I pushed him back when he pushed me. This is not a society ready or willing to confirm with international expectations of mutual respect.

[lvr181]

8 hours ago, webfact said:

Luxury Bangkok condo is like Beijing - Chinese treating it as a hotel

Just the tip of the iceberg. If China wants Thailand it will not be by war but by economic means.

How's anyone feeling now about a condo "investment"?

[Traubert]

How come zero-dollar Chinese are renting condos?

 

That can't be right surely?

 

Or did the zero-dollar Chinese condo owners....no that can't be right either......

 

I know!! They're Koreans speaking Mandarin. ????

[BritManToo]

8 hours ago, Just Weird said:

Since when can a Juristic Person arrest and charge anyone with anything? 

They can write a very strong letter to the owner.

[Benmart]

After a one year lease, this week I moved from a luxury condo in Wongamat/Naklua for that very reason. Naklua Soi 16 is lined with luxury condos and all are on Airbnb. What a revolving door dump it is becoming and glad I didn't buy. 

[Rod the Sod]

Here is the thing. The JP can, after a period, which I think is 6-months, cut off the utilities and forbid any use of the common facilities. Secondly, I wouldn't bother with the police as they may view it as a civil matter or may get side-tracked away from the case. I would call Immigration and Revenue Dept as they have a real interest in this I believe.

[BenBen23]

9 hours ago, from the home of CC said:

not a luxury condo no more with day renters, value just dropped big time..

The value would go up as a result of day renters, not down. If by value you mean how much the property can be sold for. 

[mickey rat]

9 hours ago, robblok said:

Nah pointing out that some foreigners have a chip on their shoulder and moan for everything is far more fun. Its not allowed for Thais, Chinese, even white foreigners. Enforcement is lacking unfortunately. 

Perhaps they are making a nuisance of themselves? Just a guess. ????

[Rod the Sod]

11 minutes ago, BenBen23 said:

The value would go up as a result of day renters, not down. If by value you mean how much the property can be sold for. 

It could go either way, but on straight forward numbers, a 2 bed unit rents in my Condo at around 4k per day, or 120k a month (if fully let). If rented out on a 6/12 month lease, it would get 40k per month. So, if that is your game, buying one of these is very cost effective and in the right area will increase the potential re-sale value (do the ROI maths).

 

It is an absolute fact that renters damage the decor etc. Again, doing the maths, most JPs and Boards can afford what it costs to redecorate every 2 years and keep it looking good.

[Number 6]

8 hours ago, ThaiBunny said:

I'm aware of at least two condos in Bangkok where the lobby and the lifts are littered with signs in English, Thai and Chinese warning against short-term lets and threatening legal or even police action.  Tourists struggle by them with their large suitcases almost hourly ????

I was in a condo at the end of the bts line a few weeks ago. As we sat in the lobby waiting for wife's cousin to come down. She and husband illegally short stay. Big sign in lobby. No short stay blah blah. 2m tall. I must have counted a dozen people with big suitcases leaving that Sunday afternoon...

 

Law? That's only for rubes

Edited May 20, 2019 by Number 6

[ericthai]

7 hours ago, peter14 said:

again Thailand should grow up... the law is archaic. the whole world can rent daily but Thailand... oh no we Thai!  well, Hotel should lower their rate that's it!. 

Some cities in the USA are now looking to impose laws about short term rentals.  

[wisperone]

" The owners had set up check-in and check-out facilities and baggage storage. "

 

Tisk, Tisk...were these check in/out people chinese or thai? If chinese....taking jobs from the thais. Can't do that.

[wisperone]

7 hours ago, garet said:

That is an unsubstantiated myth that Chinese get preferential treatment. 

Guess you've never had to stand in a que waiting for a boat on the river, and had hordes of chinese ushered ahead of all waiting in line to board boats.

[Torrens54]

These people live like Pig’s in a Sty.

Disgusting, ill-mannered bags of puke. 

[Fred white]

10 hours ago, robblok said:

Can you tell me where exactly you read its ok for Chinese to do it and farangs not. The article i read said it was not allowed and this time it was Chinese breaking the law. So please explain to me what i read wrong. 

thai govt over looking it

[zaZa9]

I dont think theres many respondents here who have actually interacted with younger , 'free thinking ' Chinese.

They say that the more common and vast majority of average Chinese are imbued with the idea that China could have already achieved world dominance except for the interference of the West - most notably over the Opium Wars , and any free thinker amongst us ,  that actually 'thinks' would have to agree that forcing upon a nation a  protected avenue of drug delivery has to consider that as a blight on Western history akin to slavery  ...like it or not.

 

The 'enlightened young '  Chinese say , it simply was what it was  ...but give their fathers a few beers , and that deeply imbued animosity  they learnt as kids at school will often surface. Some will actually get nasty if they drink enough.

So the average everyday Chinese doesnt particularly like The West . I find that quite amazing as one would think that after 50 years of Mao they should hate us beyond belief.

Anyway ..

 

Lets  take the Thai Military Elite , now running the country.

Probably the only Thais with any interest in history .

They've all seen that the Western powers have  reduced "their" country by more than half .

 

 

 

Since maybe a 3rd of all Thais have some sort of Chinese background , and  Chinese have a sizeable representation in the Thai Government ,  WHO do you think the Thais  probably are more capable of liking ?

Do Thais look like Westerners ? Do Thais look at the world more in a Western way than a Chinese way ? Are Thai belief systems more akin to Chinese  belief systems or more Western?

It astounds me that so many respondents here think that Thais really want to be "just like us" !!