otherstuff1957 Posted June 24, 2004 Share Posted June 24, 2004 My wife & I have been looking for some land near Bangkok and recently found one rai of land less than 1/2 a Km from one of the new Subway stations for 200,000b. This price is about 1/100 of the going rate for this area. Now we know that there has to be a catch! Aside from checking with the local Teedin office, is there anyway to find out what the problem is? My wife is having a Thai Realtor friend look into it, but I'd like to see if there are any other avenues to investigate. If it's a genuine deal, I know we need to act fast, but I suspect that fast action will result in a quick loss of money . Link to comment Share on other sites More sharing options...
vayacondios Posted June 24, 2004 Share Posted June 24, 2004 I know nothing--except if you feel uncertain in anyway--DON"T DO IT!!! Link to comment Share on other sites More sharing options...
whattodo Posted June 24, 2004 Share Posted June 24, 2004 My wife & I have been looking for some land near Bangkok and recently found one rai of land less than 1/2 a Km from one of the new Subway stations for 200,000b. This price is about 1/100 of the going rate for this area. Now we know that there has to be a catch! Aside from checking with the local Teedin office, is there anyway to find out what the problem is?My wife is having a Thai Realtor friend look into it, but I'd like to see if there are any other avenues to investigate. If it's a genuine deal, I know we need to act fast, but I suspect that fast action will result in a quick loss of money . Of course your wife has a Thai Realter friend Checkout independant advice, Sunbelt etc will put you straight. Link to comment Share on other sites More sharing options...
Sunbelt Asia Posted June 25, 2004 Share Posted June 25, 2004 Our legal staff will be happy to help. Land title search and check of liens is 6,500 Baht plus Vat. www.sunbeltasia.com [email protected] Link to comment Share on other sites More sharing options...
PvtDick Posted June 25, 2004 Share Posted June 25, 2004 If it seems too good to be real, I guarantee all is not what it appears. Believe me, you are never going to find anyone selling real estate for "1/100 of the going rate". Especially not in this current bubble market. Link to comment Share on other sites More sharing options...
otherstuff1957 Posted June 25, 2004 Author Share Posted June 25, 2004 Thanks for the quick replies all. The more I looked into this one the more unlikely it looked. A while ago we called up the realtor who had showed us the property. Despite all of her assertations that the price was correct last week, this week she admitted that she had mistakenly quoted us the per wah price instead of the per rai price! So this is a typical somewhat overpriced property, not a grossely underpriced bargain. Oh well, this is Thailand. Link to comment Share on other sites More sharing options...
Snapshot Posted June 25, 2004 Share Posted June 25, 2004 NEVER MIND ... this was just a "small" mistake, don't worry about it!!! ... just try to learn something more about the business ways of Thai people ... and don't forget about the language problems ... Thai business dealings can be really weird sometimes, they may not intend to cheat you, they just don't think things through here ... clarity is not exactly a Thai virtue The units of land measurement in Thailand are the Wah, Ngan, and Rai. Conversion factors between Thai measurements and Metric measurements are: 1 Wah = 2 meters 1 square Wah = 4 square meters 100 square Wah = 400 square meters = 1 Ngan 4 Ngan = 1 Rai = 1,600 square meters Link to comment Share on other sites More sharing options...
PvtDick Posted June 25, 2004 Share Posted June 25, 2004 In other words, 400 sq. wah = one rai. So, if you say their price for one wah (but mistakenly believed to be for one rai) was about 1/100 of the market rate for one rai, then instead of being a massive bargain, their quote was four times the market rate. That seems far more likely than the other way around, for sure! Link to comment Share on other sites More sharing options...
Snapshot Posted June 25, 2004 Share Posted June 25, 2004 Sorry The below (and above) post is correct 1 Rai is 400 Square Wah I stand corrected, can't read my own post Link to comment Share on other sites More sharing options...
lopburi3 Posted June 25, 2004 Share Posted June 25, 2004 Errhhh - I think the post says:100 square Wah = 400 square meters = 1 Rai = 1,600 square meters 1 Rai = 100 square wah 100 sq Wah do not a Rai make. Link to comment Share on other sites More sharing options...
otherstuff1957 Posted June 26, 2004 Author Share Posted June 26, 2004 So the Ngan = 100 wah, I was wondering why the units jumped from 1 to 400. No one seems to use the ngan though, they all just jump from wah to rai. Link to comment Share on other sites More sharing options...
john b good Posted June 26, 2004 Share Posted June 26, 2004 Errhhh - I think the post says:100 square Wah = 400 square meters = 1 Rai = 1,600 square meters 1 Rai = 100 square wah 100 sq Wah do not a Rai make. That's right. 400 square wah a rai do make. And whilst they may use "square" correctly speaking it is talang wah, talang rai, talang met etc. Link to comment Share on other sites More sharing options...
PvtDick Posted June 26, 2004 Share Posted June 26, 2004 "talang" is the exact translation of "square". I think a "rai" is already a measure of area, so no "talang" or "square" required. Same thing with ngan. Only "met" and "wah" need to be squared, as they are linear measures. Link to comment Share on other sites More sharing options...
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