Huge price differences for old and new condominiums. Why?

[TheFishman1]

Sorry this went into the wrong post

[Destiny1990]

Properties in Thailand in general loose in value after being sold from the developer to the first consumer buyer its like the value of a car the older it gets the lower the price..So whatever property u will buy here the value will only move downwards after u own it. Its not like in Europe where properties will gain steadily in value year after year...

[OneMoreFarang]

1 hour ago, TheFishman1 said:

 But I would recommend get a crystal ball to see into the future but on a serious note why don’t you ask an expert in real estate and see what they would say I have no clue if any expert in real estate could tell you what is going to be possible in 10 years you post a lot of posting the question you asked just seems unbelievable but I guess asking all the experts on this visa is a great thing to do must get great advice like how long does a piece of string 10 years in the future what would the interest-rate be TIT 

Sometimes there are interesting answers on TV. People have different experiences and they write about it. Great.

Sure, I can ask a real estate agent or two. But will he tell me the truth? Or is it more likely that I will get an answer like: Don't worry, I handle that, no problem. It won't take long.

The agent has his own agenda and I can't blame him because that is his business. 

[OneMoreFarang]

1 hour ago, Destiny1990 said:

Properties in Thailand in general loose in value after being sold from the developer to the first consumer buyer its like the value of a car the older it gets the lower the price..So whatever property u will buy here the value will only move downwards after u own it. Its not like in Europe where properties will gain steadily in value year after year...

That is definitely incorrect.

Look at property sell pages with statistics over the last years. Also the prices in the older buildings (i.e. 20 year old building) go up.

[Destiny1990]

1 hour ago, OneMoreFarang said:

That is definitely incorrect.

Look at property sell pages with statistics over the last years. Also the prices in the older buildings (i.e. 20 year old building) go up.

 There is very very seldom a capital appreciation on real estate in Thailand... Very lucky if can get back ur initial investment after paying taxes and agent-fees . But believe whatever fake statistics you want.... I know the REALITY !!

[scubascuba3]

Older condos are better value, designs can be questionable I.e. Big studios. New condos seem have a better use of space I.e. one bedrooms the same M² as older studios. Just need to check the condo out to ensure it's not run down and it hasn't been ruined by erections building on the balconies

[OneMoreFarang]

43 minutes ago, scubascuba3 said:

Older condos are better value, designs can be questionable I.e. Big studios. New condos seem have a better use of space I.e. one bedrooms the same M² as older studios. Just need to check the condo out to ensure it's not run down and it hasn't been ruined by erections building on the balconies

It's funny that you mention big studios compared to 1bedroom on 40 sqm. I like the idea about a BIG studio. I looked on the internet about designs and design idea and one of the pages I found was this one:

http://www.futurahomedecorating.com/home-decorating-styles/studio-apartment-floor-plans/

Lots of small places with everything squeezed together - definitely not what I want. But at the end of that list with 50 examples they have two floor plans which they call loge suite. That's something I like. Now I have to work out if I can afford it.

 

[scubascuba3]

26 minutes ago, OneMoreFarang said:

It's funny that you mention big studios compared to 1bedroom on 40 sqm. I like the idea about a BIG studio. I looked on the internet about designs and design idea and one of the pages I found was this one:

http://www.futurahomedecorating.com/home-decorating-styles/studio-apartment-floor-plans/

Lots of small places with everything squeezed together - definitely not what I want. But at the end of that list with 50 examples they have two floor plans which they call loge suite. That's something I like. Now I have to work out if I can afford it.

 

With studios there can be little difference between how they look 40m vs 50m, both rectangles, often 1 balcony no other windows, same furnishings just more spaced out. Once you get over 45m and over one bedroom is better although bigger studios do often have a sliding wall to separate the bedroom from lounge/kitchen

[elgenon]

22 hours ago, OneMoreFarang said:

I could ask her, and probably she would explain it to me in detail for the next hour or maybe days later.

I think I better don't ask.

Yes, you don't want sore ears. : )

[smutcakes]

On 11/21/2020 at 6:37 PM, Destiny1990 said:

 There is very very seldom a capital appreciation on real estate in Thailand... Very lucky if can get back ur initial investment after paying taxes and agent-fees . But believe whatever fake statistics you want.... I know the REALITY !!

 

Do you know the rates of appreciation of land in Thailand?????  The very fact that you would write "There is very very seldom a capital appreciation on real estate in Thailand" shows you have limited knowledge on Thailand real estate. 40 years ago Thonglor used to be practically rice fields, last year Shangri La Group bought a plot there for 2.1 million THB per sq wah.

 

I sure would like to be the owner of that land that showed capital appreciation, the same with nearly every other piece of land in BKK.

 

There are loads of Condos all over BKK which show appreciation- nearly any condo on mid to upper sukhumvit for a start...

 

Older ones- Chidlom Place, Somkid Gardens, Kallista Mansion, Langsuan Ville to name a few

Newer Ones- Domus, Millenium, Willshire etc etc 

 

The list is endless. Sure if you buy rubbish in rubbish location then you will struggle, same as anywhere.

[Yellowtail]

Given all the small condos here I'm surprised you don't see more Murphy beds, or perhaps they are around and I just haven't seen them.

[Grumpy one]

Less roaches and rats in new buildings

[BigStar]

18 minutes ago, Yellowtail said:

Given all the small condos here I'm surprised you don't see more Murphy beds, or perhaps they are around and I just haven't seen them.

Thais aren't big on Murphy beds. They're weird. Used to be a company in Pattaya selling them, though. In a small condo you end up living on the bed anyway, no need to stow it.

[Yellowtail]

1 minute ago, BigStar said:

Thais aren't big on Murphy beds. They're weird. Used to be a company in Pattaya selling them, though. In a small condo you end up living on the bed anyway, no need to stow it.

 

I lived in a Pullman stateroom for a few years, had the bed not folded up it would have been a nightmare. The trick is having a heavy enough spring. It went up on it's own when you pulled the release and was real easy easy to pull down. Made into a great sofa. 

[OneMoreFarang]

5 hours ago, BigStar said:

Thais aren't big on Murphy beds. They're weird. Used to be a company in Pattaya selling them, though. In a small condo you end up living on the bed anyway, no need to stow it.

Living on the bed in Pattaya sounds about right. ???? 

[OneMoreFarang]

5 hours ago, Yellowtail said:

 

I lived in a Pullman stateroom for a few years, had the bed not folded up it would have been a nightmare. The trick is having a heavy enough spring. It went up on it's own when you pulled the release and was real easy easy to pull down. Made into a great sofa. 

Here is the fully automated version. ????

 

 

[BigStar]

1 hour ago, OneMoreFarang said:

Living on the bed in Pattaya sounds about right. ???? 

We just stay nekkid here all the time, too. So convenient and saves on the laundry bill.