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Life cycle of a high rise condominium in Bangkok?

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  • AJBangkok
    AJBangkok

    My ‘hobby” if you want to call it that is buying condos in older buildings, renovating them, and then renting them out.  The three most important factors I look at are location, size and price. I

  • Peterw42
    Peterw42

    Mostly base on a few years of observations, I have bought and sold a few condos, wife has previously worked in a couple of condo offices and now does a bit of sales. Any block she/we have been involve

  • Peterw42
    Peterw42

    I dont think you can define a typical life-cycle for a block, as many factors involved. A good block can go bad and and bad block can be redeemed.   Fundamental to the life-cycle of any

Actually you should stick with a reputable developer and management company in a building that looks well maintained and has a reasonably high per m2 maintenance fees. Those that skimp on the fees generally run out of money to maintain the building.

 

My building has 45 thb/m2 and they are taking very good care of the place.

 

The building I previously planned to buy (BIG THANK YOU to TVF posters who talked me out of that!) had lower fees but I think that will change very quickly after seeing that the building is literally falling apart, 2 years old. Cracks on outer walls, especially 45 degree ones are most serious. And they are all over the place.

 

Hence it makes sense to buy something at least 5 years old.

 

 

7 hours ago, tomazbodner said:

Actually you should stick with a reputable developer and management company in a building that looks well maintained and has a reasonably high per m2 maintenance fees. Those that skimp on the fees generally run out of money to maintain the building.

 

My building has 45 thb/m2 and they are taking very good care of the place.

 

The building I previously planned to buy (BIG THANK YOU to TVF posters who talked me out of that!) had lower fees but I think that will change very quickly after seeing that the building is literally falling apart, 2 years old. Cracks on outer walls, especially 45 degree ones are most serious. And they are all over the place.

 

Hence it makes sense to buy something at least 5 years old.

 

 

Even with lower common fees, at the AGM they can approve supplementary fees required for work, many condos do this so the common fee quoted is misleading

On 5/25/2021 at 6:18 PM, Heng said:

On the maintenance side, I'd cut out condos that have rooftop pools.   Just asking for a harder and harder to maintain task in the long run for all the co-owners.   Even more fun if you have a unit on the few floors right underneath it.  

 

Interesting point. I was looking for a condo in Bangkok for myself to live in. One of the most important points was no neighbor noise from above my unit. Hence I was looking for units right below the mid-level pool, sky garden, viewing terrace or similar. While viewing some condos I remember reading "pool under renovation due to leaking". So I gave up up the "underneath the pool" idea quickly LOL.   

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