trying to buy a condo under 1000000

[parafareno]

I did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000......that was the biggest mistake of my life.....

i loved the place, it was amazing....

is there still something like that possible, 40 sq m for under 1 million? But not is balana suannana or what is it called....

[bigginhill]

Where? 

[parafareno]

in pattaya.....it can be near sukhumvit too

[kingofthemountain]

Depend on yours requirments

but yes of course it's still possible

i know some around 800 000\900 000

in a pretty well build and maintened condo but it's not a new one

and it's not beautiful from the outside.

Big swimming pool but no gym.

MP if you are interested

[parafareno]

i have sent you pm

[madmen]

1 hour ago, parafareno said:

I did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000......that was the biggest mistake of my life...

Hopefully you didn't buy into the Tv poor pensioner 4 k room renters screaming never buy in Thai

[Pdavies99]

I wish you the best buying your dream property, but is than not rather small?

 

Fine for a 4 week holiday, 40sqm? Wow! Your living room most likely will incorporate your kichen plus front door and your TV will be in touching distance from the far wall?

 

In addition have you ever spoken to many people who try to sell there property, its only possible at a massive discount, in addition Thais in general prefer to buy only brand new properties, have you looked around....most buildings have huge amounts of property for sale and many many owners not paying there fees etc.  Exchange rates are also unfavourable for most at this time.

 

Why not just rent?  Keep you life fluid and options open.   (No neighbour issues etc!)

 

Good luck!

Edited November 3, 2019 by Pdavies99

[beautifulthailand99]

Here you go - but as the last poster said why not rent - you are really spoilt for choice. 

 

https://www.thailand-property.com/condos-for-sale/chonburi/pattaya/jomtien?max_price=1000000

[fhickson]

nirun condos and jomtein condotel have plenty for sale in that price range

 

careful though, some buildings like jomtein condotel dont have the usual facilities for living, for example laundry machines, and are setup to fleece foreigners with expensive on site food and services normally reserved for people on vacation.

 

this seems to be a particular problem in pattaya where many condos are 'set off' by themselves from surrounding neighborhoods, most likely to keep people in or just because land was cheap there. they all offer these deceptively cheap rooms with many units always for sale.

Edited November 3, 2019 by fhickson

[parafareno]

nirun i am not touching.....looks like a horror movie.....but what condotel are you talking about?

[parafareno]

only baan suan lalana alwaays the cheapest.....it is in weird location too.....and you have to look from the balcony straight to your neighbour appartment.....

i like pattaya plaza, old, but affordable appartments....and sound prooof rooms....

[Lacessit]

3 hours ago, madmen said:

Hopefully you didn't buy into the Tv poor pensioner 4 k room renters screaming never buy in Thai

I buy a condo here, the rent I save is equivalent to a 6% return. I save my money instead, buy an Australian bank share or other bluechip for a grossed-up return of 7%. Or I get 6-10% return in the peer-to-peer lending market.

Guess what? I can liquidate those investments with the click of a mouse. It would take months to sell a condo, even assuming it is possible with oversupply and falling demand.

So tell me, what are you going to do when you can no longer live in Thailand due to Immigration? Or if your condo starts falling apart, and all the owners are hit with a huge levy? New neighbours are still partying at 4 am?

Dumbest post I have read in years.

Edited November 3, 2019 by Lacessit

[scubascuba3]

There are a few condo complexes in the soi arunotai area, have a look down the soi. The problem with these places is a bit run down, mostly thais living there, miserable looking. I had a look at one, miserable looking and a dimented older american shouting and everyone ignoring him, didn't make me want to live there

[jacko45k]

4 hours ago, Pdavies99 said:

In addition have you ever spoken to many people who try to sell there property, its only possible at a massive discount, in addition Thais in general prefer to buy only brand new properties, have you looked around....most buildings have huge amounts of property for sale and many many owners not paying there fees etc.  Exchange rates are also unfavourable for most at this time

I would still very much say it is a buyer's market. What Thais prefer to buy has always been the same, but we can look towards the new demographics coming into town, but beware, they are known to be hard bargainers and tight with a penny. The exchange rates do make buying a property look expensive, but also has the advantage of appealing to sellers, who are quite prepared to lose in Thai baht terms, as they will still be getting a lot more pounds or Oz dollars... and are very keen to move on.

That said, personally, I would not be buying into the market now, unless it is a peach like the OP describes. That said, a 46m2 condo...  is too small if one lives here permanently, I would be climbing the walls, You would have to spend a lot of time outdoors, hopefully not with the lines of guys one sees in the free seating in malls, getting free AC, leaning on sticks, bored. 

 

[newnative]

      There are pros and cons to renting vs. owning.  For some, renting works best.  For me, the pros of owning far outweigh the cons.  I have the owner mentality and renting is not for me.  I would own even at the risk I might lose some money on the deal--fortunately that has never happened here or in the US.

      For the record, you can buy a condo in Thailand and later sell it at a profit--I've done it 19 times. For the record, Thais will buy used condos--3 of my condo sales were to Thais and a fourth buyer had a Thai wife.  (More likely with the latter, Thais won't buy over-priced used condos in lousy condition in lousy areas.)

     I suggest you look at Hipflat--which is a good source for condos for sale and rent. You can search specific areas and then specific projects.  At your price point you are likely looking at a smaller new condo in a project with lots of amenities or a larger, older condo with, perhaps, fewer amenities.  If you don't like the idea of living in a hotel I would avoid some of the very large new projects--most have lots of daily renters.  Take your time, do your homework, and good luck!

[scubascuba3]

3 hours ago, jacko45k said:

 a 46m2 condo...  is too small if one lives here permanently, I would be climbing the walls,

 

The bigger condos don't you just end up filling it with more junk? how many sofas and tables do you need, how many bedrooms? one, two max, friends on holiday won't want to stay there. I have seen some big condos that have loads of empty unnecessary space

[ivor bigun]

46sq mtr isnt small ,its the size of our bedroom and en suite , buy a house like i did ,or my wife and son did????

[pegman]

I believe there is more selection and better prices after high season. Should there be one.

[Henryford]

For under 1m you will only get a <deleted>hole like Nirun. Better to rent.

[impulse]

1 hour ago, scubascuba3 said:

4 hours ago, jacko45k said:

 a 46m2 condo...  is too small if one lives here permanently, I would be climbing the walls,

 

The bigger condos don't you just end up filling it with more junk? how many sofas and tables do you need, how many bedrooms? one, two max, friends on holiday won't want to stay there. I have seen some big condos that have loads of empty unnecessary space

 

Agreed.  One of the things I learned in 20 years of living in Asia is that we in the west -especially in US suburbia- have been sold a bill of goods when it comes to what we "need" to be comfortable.  I now comfortably live in less than half the square footage I "needed" in the USA before I spent that time in Asia.

 

One other benefit in Thailand -if you pick the right location- is that I lived more in the community and my apartment was more of a crash pad.  Which was a lot better for my mental health than living isolated in my 4 bedroom homes back in my days of chasing the dream.  Or rather, chasing the illusion.  I actually had rooms I never used in years of living in some homes.  Single guy... 4 bedrooms and 2-1/2 baths?  What was I thinking?

 

The one thing I did miss was a garage to do and store projects.  But that's hard to find in Asoke where I worked...

Edited November 4, 2019 by impulse

[madmen]

6 hours ago, Lacessit said:

I buy a condo here, the rent I save is equivalent to a 6% return. I save my money instead, buy an Australian bank share or other bluechip for a grossed-up return of 7%. Or I get 6-10% return in the peer-to-peer lending market.

Guess what? I can liquidate those investments with the click of a mouse. It would take months to sell a condo, even assuming it is possible with oversupply and falling demand.

So tell me, what are you going to do when you can no longer live in Thailand due to Immigration? Or if your condo starts falling apart, and all the owners are hit with a huge levy? New neighbours are still partying at 4 am?

Dumbest post I have read in years.

Lower Sukhumvit 5 minute walk Asoke BTS 80 sqm 4.5 million off the plan 13 years ago currently selling 7.6 million but I have mine rented for 40k a month !!! Sensational return.. They just fully repainted every floor , excellent juristic ... Putting your life saving in peer to peer? what idiot does that!! it high risk but up to you

 

Read up on 2008 global subprime crisis when the markets crashed so quick you couldn't activate stop losses I know because I traded it back up .  Good luck when that happens again and the world economy struggling so its around the corner ????

 

Im off to oz living off the Baht for 2 years from rent here FANTASTIC exchange rate while your high risk 7% is getting hammered when you switch to the baht and oz dollar forecast to go to 15 baht. Now whos the dummy lol

Edited November 4, 2019 by madmen

[Lacessit]

49 minutes ago, madmen said:

Lower Sukhumvit 5 minute walk Asoke BTS 80 sqm 4.5 million off the plan 13 years ago currently selling 7.6 million but I have mine rented for 40k a month !!! Sensational return.. They just fully repainted every floor , excellent juristic ... Putting your life saving in peer to peer? what idiot does that!! it high risk but up to you

 

Read up on 2008 global subprime crisis when the markets crashed so quick you couldn't activate stop losses I know because I traded it back up .  Good luck when that happens again and the world economy struggling so its around the corner ????

 

Im off to oz living off the Baht for 2 years from rent here FANTASTIC exchange rate while your high risk 7% is getting hammered when you switch to the baht and oz dollar forecast to go to 15 baht. Now whos the dummy lol

It really doesn't answer my question of what happens to your investment if Immigration lowers the boom.

Where will that 40K a month be if one bad tenant trashes your property?

Thais want new. Your market is farangs. Maybe you have not noticed there are some leaving.

Buying now instead of 13 years ago, there is a fair amount of gilt taken off the gingerbread. I could equally say I bought Macquarie Bank in 2009 for $25 a share.

My 7% is not high risk. There's a thing called diversification, where the risk is spread over a number of small shareholdings or small peer-to-peer loans.

Maybe you got lucky with your juristic office. IMO it's more common for juristics here to be fiddling the books, or absconding with the maintenance fund.

I am staying capital stable on my investments, and living quite comfortably off the income. Been doing that since the GFC.

Your logic in putting forward a 13 yo investment in Bangkok as equivalent to investing now in condos is about as compelling as a pyramid scheme. Bangkok is 1 metre above sea level. Let's wait another 13 years

to see how much your investment is worth then.

[fhickson]

8 hours ago, parafareno said:

nirun i am not touching.....looks like a horror movie.....but what condotel are you talking about?

your going to compromise or raise your offer.

 

not many places in that price range with unobstructed views (ie no neighbors window) in walking distance to central.

 

all these resorts off in jomtein seem to have units for sale people are looking to unload, likely chinese flippers. walk in and there are usually posters up in the lobby. usually a reason people dont want to be there long term though.

 

maxx city is probably what your looking for. units are new and nice, good location, abeit sterile. even has fingerprint entry. sales office in house, they are over 1 mill though. no telling how good it will look in 5 years. starts at 1.5 mill. seems very reasonable as i saw units and its all new. it neighbors nirun.

Edited November 4, 2019 by fhickson

[Banana7]

As previous posters have said, look around Pattaya Klang, Arunotai, Big C area. The older condos are larger with lower maintenance fees. Some here don't like Nirun, but the big building has some nice renovated rooms. The hallways are dark and dated but the renovated rooms look nice. 2 pools at Nirun. You can try Maxx Central, it has rooms for sale, but I'm not sure it is a registered Condo in the land office, it claims to be a condotel. 9 Karat condo has finally got new management and things are improving many issues have been resolved; new pumps, new elevators, has a huge pool, have a look, some rooms near your price range.

[bkk6060]

2 hours ago, Banana7 said:

As previous posters have said, look around Pattaya Klang, Arunotai, Big C area. The older condos are larger with lower maintenance fees. Some here don't like Nirun, but the big building has some nice renovated rooms. The hallways are dark and dated but the renovated rooms look nice. 2 pools at Nirun. You can try Maxx Central, it has rooms for sale, but I'm not sure it is a registered Condo in the land office, it claims to be a condotel. 9 Karat condo has finally got new management and things are improving many issues have been resolved; new pumps, new elevators, has a huge pool, have a look, some rooms near your price range.

Seriously?

I guess if a person does not care about their quality of life( which many seem not too) and just want cheap, then buy in Nurin.

Rats, mold, stink, cigarettes every place, dirty, aircons probably not cleaned for many years, on and on.

I bet the amount of people sick in those buildings is high.

I see it as potential ground zero for a Pattaya sickness epidemic.

Depressing....

 

[bkk6060]

16 hours ago, parafareno said:

did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000......that was the biggest mistake of my life.....

Not buying a condo in Thailand the biggest mistake of your life?

You got a lot of living and a lot to learn.

 

I looked with a friend in Pratumnak Hill at places under 1 mil.

Brand new still had the plastic on the mattress.

I suggest you go online and search your price range or seek a busy reliable agency.

These properties are out there.

12,000 for sale overall in Pattaya area alone.

Make low low offers people are desperate.

Remember here, it is a place to live but a very poor dead money investment.

Edited November 4, 2019 by bkk6060

[parafareno]

i want to have something for myself, when i come for vacation few months during cold euro winter.....

i want to store my <deleted> there...so I dont drag all my stuff in my suitcase all the time....

pattaya is great place....40 sq meter is enough for me......46 was ideal.....one person plus girlfriend...

i am not buying for selling it or for renting it...it wil be for me.....i hate paying rent each month....and i can have my own utilities, can cook inside etc.....

that is my dream...my dream is not something unachiavable...I dont need 80sq meter condo.....i am too afraid to invest too much....i can loose it all later on....

nirun pissing stories keeps me away for miles.....no way not even going to look at it....

[parafareno]

is this a scam? 

https://www.hipflat.co.th/en/listings/bangkok-condo-ccykdnog

[fhickson]

1 hour ago, parafareno said:

nirun pissing stories keeps me away for miles.....no way not even going to look at it....

i have lived at nirun and i can dig it getting depressing, esp if your retired and pensioning.

 

fat old dudes, sometimes even in their underwear kept coming out to the elevators with hookers when i lived there, escorting them out after a session i suppose.

 

a lot of older foreigner guys, mostly europeans, have lost self control of their lives and hole up there. they have long hair, lots of body hair, not really kept in the hygiene dept  kind of let themselves go, probably alcohol plays a major 

 

the hookers seemed to feed on their misery in a way, like they were being slowly preyed on and sucked dry. some weird vibes there.

 

it works if you have other things going on, and its not a final stop and you can sort of just do your own thing whilst remaining removed from the scene, if thats possible for you.

 

is it worth the money saved? probably not, if you can afford not to.

Edited November 4, 2019 by fhickson

[parafareno]

good description. I will keep away for miles from nirun

pattaya plaza on the other hand, condo from 90s...big pool, nice people, mostly thai, good sound proofed rooms......near sukhumvit....

perfect....