think_too_mut Posted February 12, 2009 Share Posted February 12, 2009 I just bought a 90sqm apartment on the 19th floor near Central Chidlom, 3 meter high ceilings and bright, it only cost 3,700,000 and I'm pretty happy with it to be honest. Witthayu Complex is my guess... there is a reason why it is cheap... Ohh, no , not that one... Link to comment Share on other sites More sharing options...
tangoll Posted February 13, 2009 Share Posted February 13, 2009 What is the deal with the Witthayu Complex? Hope either of you can enlighten us. Link to comment Share on other sites More sharing options...
hhgz Posted February 13, 2009 Share Posted February 13, 2009 Witthayu Complex is located on a very small parcel of land, wedged between a hotel, a polluted canal, and a tenement. Link to comment Share on other sites More sharing options...
think_too_mut Posted February 13, 2009 Share Posted February 13, 2009 What is the deal with the Witthayu Complex? Hope either of you can enlighten us. If nothing else, just ask where your parking lot is. Link to comment Share on other sites More sharing options...
Cyprus1951 Posted February 14, 2009 Share Posted February 14, 2009 We bought a 2 bed bungalow in Thalang, saw a sign in the window and while waiting for the owner (A THai), the guy next door said that his english friends were selling over the road. We went to take a look, it was perfect, so we bought it the same day(Completed in 4 days). It was the right price, nicely furnished (all new), with a new western kitchen, how could we resist! Andrew (Cyprus 1951) Link to comment Share on other sites More sharing options...
Cyprus1951 Posted February 14, 2009 Share Posted February 14, 2009 We bought a 2 bed bungalow in Thalang, saw a sign in the window and while waiting for the owner (A THai), the guy next door said that his english friends were selling over the road. We went to take a look, it was perfect, so we bought it the same day(Completed in 4 days). It was the right price, nicely furnished (all new), with a new western kitchen, how could we resist! Andrew (Cyprus 1951) Link to comment Share on other sites More sharing options...
Cyprus1951 Posted February 14, 2009 Share Posted February 14, 2009 We bought a 2 bed bungalow in Thalang, saw a sign in the window and while waiting for the owner (A THai), the guy next door said that his english friends were selling over the road. We went to take a look, it was perfect, so we bought it the same day(Completed in 4 days). It was the right price, nicely furnished (all new), with a new western kitchen, how could we resist! Andrew (Cyprus 1951) Link to comment Share on other sites More sharing options...
Cyprus1951 Posted February 14, 2009 Share Posted February 14, 2009 We have just bought a 30 year lease on a property at Thalang. We just drove around, saw lots of private sale properties and ended up buying one recommended by a guy next door to another property we saw. Agents seemed to think they new what was best for us, i.e. a condo, which we did not want. Think the best way is to take a look at what's around yourself. Link to comment Share on other sites More sharing options...
Marksamui Posted February 16, 2009 Share Posted February 16, 2009 Just purchasing a 3 bed property in Phuket (Pak Lok). Brand new and managed to get a fully fitted western kitchen, 2 air cons, landscape garden and all legal fees paid thrown into the contract. As well as a discount from the asking price! For new developments shop around and you can find a deal. I got the impression that they are not going like hotcakes at the moment. For resales the sellers are pretty desparate I found. I would have brought a resale but did not find one I really liked. Link to comment Share on other sites More sharing options...
quiksilva Posted February 16, 2009 Share Posted February 16, 2009 What is the deal with the Witthayu Complex? Hope either of you can enlighten us. If nothing else, just ask where your parking lot is. and try to forget the petrol tanker incident that happened in front of the property a few years back... *shudders* unfortunately for that area the locals have not forgotten either... The traffic is less than ideal too; accessed via Petchburi and the one way part of Wireless... eugh! Link to comment Share on other sites More sharing options...
jcon Posted February 16, 2009 Share Posted February 16, 2009 "Who Has Bought or Sold Their Own Property In The Last Few Months?" Bought condo last week. 3-day transaction from start to finish: Day 1: "Can I see the condo?" I spent 2 mins in there and made an offer. Handshake and deposit paid. Day 2: Got Cashier's check from my bank Day 3: Land Department. Done deal. FYI. There was NOBODY ELSE in the Land Department office that day. So as I would have guessed, transactions are slow... U can see it says Feb 12, 2009 on there... just in case anybody thinks I'm making this up (why would I, anyway?). After maintenence fees, etc... 8.78% ROI - renting cheap (very cheap) to the tenant who was already there and is going to stay. Fully furnished to western spec. A good deal is a good deal, bottom line. I learned my off-plan lesson (see my other thread), so this one was 2nd hand. So no black on black Rangie for now (sorry phillipm) - but "for now" according to jcon could be "within the next 15 mins or so." Would I buy off-plan right now? hel_l no. Are there some good deals out there on 2nd hand stuff? hel_l yes. Link to comment Share on other sites More sharing options...
sorensen Posted February 16, 2009 Share Posted February 16, 2009 "Who Has Bought or Sold Their Own Property In The Last Few Months?"Bought condo last week. 3-day transaction from start to finish: Day 1: "Can I see the condo?" I spent 2 mins in there and made an offer. Handshake and deposit paid. Day 2: Got Cashier's check from my bank Day 3: Land Department. Done deal. FYI. There was NOBODY ELSE in the Land Department office that day. So as I would have guessed, transactions are slow... U can see it says Feb 12, 2009 on there... just in case anybody thinks I'm making this up (why would I, anyway?). After maintenence fees, etc... 8.78% ROI - renting cheap (very cheap) to the tenant who was already there and is going to stay. Fully furnished to western spec. A good deal is a good deal, bottom line. I learned my off-plan lesson (see my other thread), so this one was 2nd hand. So no black on black Rangie for now (sorry phillipm) - but "for now" according to jcon could be "within the next 15 mins or so." Would I buy off-plan right now? hel_l no. Are there some good deals out there on 2nd hand stuff? hel_l yes. Can you share with us what building, m2 and price? Link to comment Share on other sites More sharing options...
jcon Posted February 16, 2009 Share Posted February 16, 2009 Can you share with us what building, m2 and price? Nej, sorensen, I'm sorry I can't (I promised moderator 'donna' not to post too many personal details... as she's been nice enough to help me more than once, I will keep my promise to her). I can say that I would not buy on Thonglor 18 (Soi Benz Thonglor)... That's about all I can say. And I can say I would not buy off-plan. And I would say that if you are currently in an off-plan contract in a building/project that's not finished/having problems (no matter what bullshit they try to feed you)... GET OUT - be smart. Then go spend your money elsewhere... preferably on a black on black Rangie I will let midas and zorro argue the rest. But it's just my experience I'm speaking from. Link to comment Share on other sites More sharing options...
donx Posted February 16, 2009 Share Posted February 16, 2009 Can you share with us what building, m2 and price? Nej, sorensen, I'm sorry I can't (I promised moderator 'donna' not to post too many personal details... as she's been nice enough to help me more than once, I will keep my promise to her). I can say that I would not buy on Thonglor 18 (Soi Benz Thonglor)... That's about all I can say. And I can say I would not buy off-plan. And I would say that if you are currently in an off-plan contract in a building/project that's not finished/having problems (no matter what bullshit they try to feed you)... GET OUT - be smart. Then go spend your money elsewhere... preferably on a black on black Rangie I will let midas and zorro argue the rest. But it's just my experience I'm speaking from. I'm not familiar with the phrase "black on black Rangie". I assume it has to do with the type of title? Could you explain what this means? As for not posting details, that's up to you. Some posters have and some have not. Knowing the building and the price per m2 can help others of us gain a better grasp of the market. This is why others will ask this question. Link to comment Share on other sites More sharing options...
jcon Posted February 17, 2009 Share Posted February 17, 2009 I'm not familiar with the phrase "black on black Rangie". I assume it has to do with the type of title? Could you explain what this means?As for not posting details, that's up to you. Some posters have and some have not. Knowing the building and the price per m2 can help others of us gain a better grasp of the market. This is why others will ask this question. Sorry, donx... that's me using motor slang in a real estate forum (but your guess made me chuckle)... what I was referring to is vehicle, a Land Rover Range Rover to be specific (the "Rangie" to some Brits, "The Range," "The Shiznit," or "All Around Pimp-Mobile" to some Americans...) "black on black" refers to the color-combo - black paint, black leather.... (and the obligatory black tint, but then I'd say "triple-black")... feelin' me yo? sorry for bringing motor slang into this... was more of a joke to member philipm. And as for the details, I know what you mean. My current grasp of the market is my last experience of the market: bought on Thonglor at 63k per m2, 3 years ago this month. Dec (a few months ago) I wanted my money back as per contract. Developer says to me, "You can't buy anything that cheap around Thonglor now, everything is 100k per sqm+." I say, "Fine, then buy back at my cost + interest and go sell it for your awesome 40k per sqm profit." 2 months, lawyers, and a sniper-team on standby (thanks to a wacky tv member... ), I get my money back. I bet they couldn't even offload my unit at my original cost as it stands. That's my (narrow) grasp of the market, but from what I hear from friends, it's not much better for them... I don't mind shooting the breeze about the condo market here in LOS, but when it comes down to a pissing contest (like the thread which has now become "zorro vs. midas"), it's kinda boring. And it's all talk unless there is some proof, which is why I posted a pic of my chanote, indicating 'cash paid, deal done.' Short of coming over to my house and looking at my chanote and bank statements, that's all I can do... but you did learn one thing donx, now you know what a "Black on Black Rangie" is - which essentially - equals the meaning of life Link to comment Share on other sites More sharing options...
yabaaaa Posted February 17, 2009 Share Posted February 17, 2009 I'm not familiar with the phrase "black on black Rangie". I assume it has to do with the type of title? Could you explain what this means?As for not posting details, that's up to you. Some posters have and some have not. Knowing the building and the price per m2 can help others of us gain a better grasp of the market. This is why others will ask this question. Sorry, donx... that's me using motor slang in a real estate forum (but your guess made me chuckle)... what I was referring to is vehicle, a Land Rover Range Rover to be specific (the "Rangie" to some Brits, "The Range," "The Shiznit," or "All Around Pimp-Mobile" to some Americans...) "black on black" refers to the color-combo - black paint, black leather.... (and the obligatory black tint, but then I'd say "triple-black")... feelin' me yo? sorry for bringing motor slang into this... was more of a joke to member philipm. And as for the details, I know what you mean. My current grasp of the market is my last experience of the market: bought on Thonglor at 63k per m2, 3 years ago this month. Dec (a few months ago) I wanted my money back as per contract. Developer says to me, "You can't buy anything that cheap around Thonglor now, everything is 100k per sqm+." I say, "Fine, then buy back at my cost + interest and go sell it for your awesome 40k per sqm profit." 2 months, lawyers, and a sniper-team on standby (thanks to a wacky tv member... ), I get my money back. I bet they couldn't even offload my unit at my original cost as it stands. That's my (narrow) grasp of the market, but from what I hear from friends, it's not much better for them... I don't mind shooting the breeze about the condo market here in LOS, but when it comes down to a pissing contest (like the thread which has now become "zorro vs. midas"), it's kinda boring. And it's all talk unless there is some proof, which is why I posted a pic of my chanote, indicating 'cash paid, deal done.' Short of coming over to my house and looking at my chanote and bank statements, that's all I can do... but you did learn one thing donx, now you know what a "Black on Black Rangie" is - which essentially - equals the meaning of life People dont believe Im getting more than 12% ROI on my condo rentals!! Good keep it open for me TA. Link to comment Share on other sites More sharing options...
midas Posted February 17, 2009 Share Posted February 17, 2009 That's my (narrow) grasp of the market, but from what I hear from friends, it's not much better for them... I don't mind shooting the breeze about the condo market here in LOS, but when it comes down to a pissing contest (like the thread which has now become "zorro vs. midas"), it's kinda boring. And it's all talk unless there is some proof, which is why I posted a pic of my chanote, indicating 'cash paid, deal done.' Short of coming over to my house and looking at my chanote and bank statements, that's all I can do... My " pissing contest " with zorro is only about provoking thought and ultimately to invoke would be buyers to ask themselves - HOLD ON THERE - Could prices go lower this time around? If you like I am the Batman of the condominium market making sure Jokers like zorro don't influence too many poor retiree's to rush in and make some premature and wrong decisions - " Caveat Emptor " and all that Link to comment Share on other sites More sharing options...
LennyW Posted February 17, 2009 Share Posted February 17, 2009 That's my (narrow) grasp of the market, but from what I hear from friends, it's not much better for them... I don't mind shooting the breeze about the condo market here in LOS, but when it comes down to a pissing contest (like the thread which has now become "zorro vs. midas"), it's kinda boring. And it's all talk unless there is some proof, which is why I posted a pic of my chanote, indicating 'cash paid, deal done.' Short of coming over to my house and looking at my chanote and bank statements, that's all I can do... My " pissing contest " with zorro is only about provoking thought and ultimately to invoke would be buyers to ask themselves - HOLD ON THERE - Could prices go lower this time around? If you like I am the Batman of the condominium market making sure Jokers like zorro don't influence too many poor retiree's to rush in and make some premature and wrong decisions - " Caveat Emptor " and all that And do you think anyone seriously in the market for property in Thailand pays any attention to your ramblings Midas?? Link to comment Share on other sites More sharing options...
iJuzWannaPreach Posted February 17, 2009 Share Posted February 17, 2009 I bought 2 blocks and sold 1 house within the last 10 months. Link to comment Share on other sites More sharing options...
midas Posted February 17, 2009 Share Posted February 17, 2009 (edited) And do you think anyone seriously in the market for property in Thailand pays any attention to your ramblings Midas?? Well Lenny there is a very simple answer to that question Anyone who has any doubts about your CREDIBILITY only need to look back at your past postings to see which side of the fence you are on because what you have written show you as being another real estate " spiv " Edited February 17, 2009 by midas Link to comment Share on other sites More sharing options...
jcon Posted February 17, 2009 Share Posted February 17, 2009 I bought 2 blocks and sold 1 house within the last 10 months. Excuse my ignorance, but what are "blocks?" Like entire blocks of apartments? Link to comment Share on other sites More sharing options...
Schooner Posted February 17, 2009 Share Posted February 17, 2009 I have just relisted my house in Pattaya for rent or sale and so far am pleased at the activity. The developer of my village has said that the rental market is picking up this last month and it appears to be so. He has 3 beautiful villas for sale or rent and I wish I had the money I would grab another one. I actually prefer to rent over selling since my ROI is about 8% (US tax free) and I don't know where I could get that elsewhare. If I had some extra cash I would put it in Thailand. I think the returns are better and the future is brighter compared to the US. Of course there is risk, but I think the trends are good. Link to comment Share on other sites More sharing options...
CaptHaddock Posted February 19, 2009 Share Posted February 19, 2009 I have just relisted my house in Pattaya for rent or sale and so far am pleased at the activity. The developer of my village has said that the rental market is picking up this last month and it appears to be so.He has 3 beautiful villas for sale or rent and I wish I had the money I would grab another one. I actually prefer to rent over selling since my ROI is about 8% (US tax free) and I don't know where I could get that elsewhare. If I had some extra cash I would put it in Thailand. I think the returns are better and the future is brighter compared to the US. Of course there is risk, but I think the trends are good. If you are a US citizen that rent you receive is tax-free only if you are cheating on your taxes. US citizens are taxable on our world-wide income. Link to comment Share on other sites More sharing options...
Cyprus1951 Posted February 23, 2009 Share Posted February 23, 2009 My wife and I just bought a bungalow in Thalang, 370 sq m plot 150sq m house for 2.3m Tb. Currently living in Europe we thought this a very good buy. Link to comment Share on other sites More sharing options...
CroBiker Posted February 24, 2009 Share Posted February 24, 2009 My wife and I just bought a bungalow in Thalang, 370 sq m plot 150sq m house for 2.3m Tb. Currently living in Europe wethought this a very good buy. 2.3 mil, not bad... I just got myself customer for 1 year condo rental starting next month. Not easy finding client in low season. It's a friend so I drop the price from usual 50k down to 35k per month for fully furnished joint. Have to admit, Santa came earlier this year considering current economic crisis. Link to comment Share on other sites More sharing options...
yabaaaa Posted February 26, 2009 Share Posted February 26, 2009 I bought 2 blocks and sold 1 house within the last 10 months. Excuse my ignorance, but what are "blocks?" Like entire blocks of apartments? "Concrete blocks" he's going to build a house when he has another fe w thousand Link to comment Share on other sites More sharing options...
pkrv Posted February 26, 2009 Share Posted February 26, 2009 Guys is there any chance of returning to thread topic? I am over in a week and will comment independently on The Address something like 200 units. We don't have to fork out for nappies do we Link to comment Share on other sites More sharing options...
Changian Posted February 28, 2009 Share Posted February 28, 2009 On Koh Chang, 1 Rai of beachfront, and the neighbours house in the past few days. A few months ago a couple of small riverfront plots. Link to comment Share on other sites More sharing options...
SeanPhuket Posted March 5, 2009 Share Posted March 5, 2009 (edited) I have my house for sale. Been 'available' for a month or so now. New Build. 86 m2 @ 3.5m THB. Close to RPM in Phuket. I emailed 10 'big' agents but only 2 kindly replied. The other really professional agents just ignored it. Maybe just their ignorance at the lower commission fee OR it could be that everything has slowed right down... Anyway, still looking to sell Sean >edit - spelling Edited March 5, 2009 by SeanPhuket Link to comment Share on other sites More sharing options...
Geppis72 Posted March 6, 2009 Share Posted March 6, 2009 I have my house for sale. Been 'available' for a month or so now.New Build. 86 m2 @ 3.5m THB. Close to RPM in Phuket. I emailed 10 'big' agents but only 2 kindly replied. The other really professional agents just ignored it. Maybe just their ignorance at the lower commission fee OR it could be that everything has slowed right down... Anyway, still looking to sell Sean >edit - spelling The work involved to sell a cheap or expensive property is pretty the same for the agents, assuming the commission is the typical 5%, the income for the agency would be about 175.000 Thb, in general this comm. must be share between the office and the sales man (if not a middle man is involved as often happen) making your property not so attractive to sell. Even if the present market conditions are not good not many people are looking for such cheap houses, in addition there are oversupply of properties, means the agents (usually) select and collect in their portfoglio what they believe they can sell. Only my 2 cents Link to comment Share on other sites More sharing options...
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