All the new condos

[JimTripper]

1 hour ago, whereyougo said:

This. If you can't afford this then rent. 25 sqm will get old really quick and it's no way to live 

A small room like that did not come out much cheaper for me when I tried it in Bangkok.

 

I got a cheap room, but you can’t really live in the room other then sitting on the bed watching TV. I had to keep going out of the room to cafes, bars, whatever. Buying something each time as you need to purchase something to hang out anywhere, except the parks.

 

I could have just gotten a nice condo for the price I spent on 70 baht coffees, drinks and food, getting away from the tiny room. It’s hot so going into 7-11 all the time when outside. Your better off just paying for a bigger apartment and being comfortable for the same price.

[NextG]

1 hour ago, JimTripper said:

A small room like that did not come out much cheaper for me when I tried it in Bangkok.

 

I got a cheap room, but you can’t really live in the room other then sitting on the bed watching TV. I had to keep going out of the room to cafes, bars, whatever. Buying something each time as you need to purchase something to hang out anywhere, except the parks.

 

I could have just gotten a nice condo for the price I spent on 70 baht coffees, drinks and food, getting away from the tiny room. It’s hot so going into 7-11 all the time when outside. Your better off just paying for a bigger apartment and being comfortable for the same price.

But that is exactly what you wrote that you would do anyway. Going out every day to eat etc and so you wanted everything within walking distance. Your reason for choosing to live in the centre, remember?

 

[JimTripper]

3 hours ago, NextG said:

But that is exactly what you wrote that you would do anyway. Going out every day to eat etc and so you wanted everything within walking distance. Your reason for choosing to live in the centre, remember?

 

I think so, do you have the time and date? I could go back and find the old post (if anyone’s interested) ????.

 

Anyhow, I would always eat meals out no matter where I am. I’m talking about vacating a tiny room most of the day. Get it?

[NextG]

38 minutes ago, JimTripper said:

I think so, do you have the time and date? I could go back and find the old post (if anyone’s interested) ????.

 

Anyhow, I would always eat meals out no matter where I am. I’m talking about vacating a tiny room most of the day. Get it?

Why else would you mention “walking in the heat every day for food and groceries”? 
As if the centre is the only place with food and groceries. 
What size your accommodation now?
 

[JimTripper]

2 hours ago, NextG said:

Why else would you mention “walking in the heat every day for food and groceries”? 
As if the centre is the only place with food and groceries. 
What size your accommodation now?
 

I explained that already. Please go find my post on it and you can re-post it. I can’t keep repeating it for you here. I think it was from early July 2023 or late June 2023.

[NextG]

1 hour ago, JimTripper said:

I explained that already. Please go find my post on it and you can re-post it. I can’t keep repeating it for you here. I think it was from early July 2023 or late June 2023.

Maybe not to me ????

Have you chosen a more spacious accommodation than you had at Nirun?

[pomchop]

Could be they are awaiting the chinese to get the rules changed so they can buy/build entire buildings....go to shianoukville cambodaia to see what the chinese did to that once quiet simple  area....bulldozed an entire community on the beach and replaced it with condos and casinos full of chinese having contests to see who can smoke the most cigs and lose the most money....

 

The companies buidling all those massive complexes in jomtiem area no doubt are well connected politically so it would not surprise me at all to see some movement of laws to entice more chinese investment and we all know that there are a LOT of chinese who might want to own a shoebox condo near a beach in Thailand...add in a few big casinos to further provide more fat brown envelopes and here we go....

 

Also i suspect that over time there could well be a lot more russians looking to own something on a thailand beach...before the war the russians were liking jomtiem more and more but the war seems to have cooled that a bit at least for now.

[TimeMachine]

You can have my 38sq condo.  850,000 bht and she's yours.

[Henryford]

5 hours ago, pomchop said:

 

Also i suspect that over time there could well be a lot more russians looking to own something on a thailand beach...before the war the russians were liking jomtiem more and more but the war seems to have cooled that a bit at least for now.

Plus the fall in the rouble, down 62% against the baht in the last year. Not long ago the rouble was at parity with the baht now nearly 3 to 1.

[jacko45k]

22 hours ago, Henryford said:

Plus the fall in the rouble, down 62% against the baht in the last year. Not long ago the rouble was at parity with the baht now nearly 3 to 1.

0.9 THB way back in 2014...time flies. 

[GinBoy2]

I count myself lucky.

 

We had three units in Noble Remix in Bangkok which we had rented out for years.

 

New developments were going up around us all the time

 

They were dependable rentals, I always had Japanese expat tenants, since they liked the area

 

When we decided to move back to the US we sold them all. 

 

We broke even, given the fees involved with selling, but I feel lucky that we did that!

 

With hindsight it's a brave man, or woman, that looks at the Thai condo market as a way to improve asset value

[Pattaya57]

15 minutes ago, GinBoy2 said:

With hindsight it's a brave man, or woman, that looks at the Thai condo market as a way to improve asset value

I don't know, I bought my 6 million baht Pattaya Condo off the plan in late 2008 with delivery Jan 2010. Pretty much averaged 30 baht to the A$ so A$200,000. 

 

If I sell today for 4.500,000 baht I'd make my A$200,000 back, while living rent free for 13.5 years ????

 

Plus it's recently valued at 7 million baht so that's A$312k at today's exchange of 22.5, so a 56% profit on my A$200k investment

 

[TimeMachine]

On 8/8/2023 at 1:54 AM, TimeMachine said:

You can have my 38sq condo.  850,000 bht and she's yours.

Dropped to 800,000 bht

[Lucky Bones]

52 minutes ago, Pattaya57 said:

I don't know, I bought my 6 million baht Pattaya Condo off the plan in late 2008 with delivery Jan 2010. Pretty much averaged 30 baht to the A$ so A$200,000. 

 

If I sell today for 4.500,000 baht I'd make my A$200,000 back, while living rent free for 13.5 years ????

 

Plus it's recently valued at 7 million baht so that's A$312k at today's exchange of 22.5, so a 56% profit on my A$200k investment

 

Out of interest, who would buy a 6Mill condo, and who valued at 7Mill?

Why use 4.5Mill as an example?

Sell it and let us know the result.

Sounds like TAT numbers.????????

[newnative]

1 hour ago, Lucky Bones said:

Out of interest, who would buy a 6Mill condo, and who valued at 7Mill?

Why use 4.5Mill as an example?

Sell it and let us know the result.

Sounds like TAT numbers.????????

    Who would buy a '6Mill condo'?  My partner and I would, and have, five times.   We certainly aren't the only ones--just look at all the successful condo projects that have been built in Pattaya in the last 10 years or so, and have found buyers at that price point, and much higher. 

    For a number of new condo projects, 6MB would be on the low end with the project pricing.  Surely you've noticed the large billboard as you approach Pattaya on the Motorway, for Arom 2 bedroom condos--16MB for Arom Wong Amat and 12MB for Arom Jomtien.  I think you missed all the points of Pattaya57's excellent post, by the way.

[GinBoy2]

6 hours ago, Pattaya57 said:

I don't know, I bought my 6 million baht Pattaya Condo off the plan in late 2008 with delivery Jan 2010. Pretty much averaged 30 baht to the A$ so A$200,000. 

 

If I sell today for 4.500,000 baht I'd make my A$200,000 back, while living rent free for 13.5 years ????

 

Plus it's recently valued at 7 million baht so that's A$312k at today's exchange of 22.5, so a 56% profit on my A$200k investment

 

It can be 'valued' at whatever you want

 

Trouble is what it can actually sell for is quite another matter, as many a farang punter can attest too!

[Pattaya57]

10 hours ago, Lucky Bones said:

Out of interest, who would buy a 6Mill condo, and who valued at 7Mill?

Why use 4.5Mill as an example?

Sell it and let us know the result.

Sounds like TAT numbers.????????

Someone who wants a 2 bedroom + Study and Balcony, with complex having 3 pools, Gym and Sauna. My wifi and cable TV also included.

 

The 4.5 million was to show that even if I made a loss on sale (25%) I still break-even in my own $A due to current exchange rate 

 

I have no intention to sell. I bought a Condo big enough to retire comfortably

 

[jacko45k]

11 hours ago, Pattaya57 said:

Plus it's recently valued at 7 million baht so that's A$312k at today's exchange of 22.5, so a 56% profit on my A$200k investment

Be fair, most of that is the Oz$ tanking! Fortunate to be on the correct side of that. 

[Lucky Bones]

2 hours ago, Pattaya57 said:

Someone who wants a 2 bedroom + Study and Balcony, with complex having 3 pools, Gym and Sauna. My wifi and cable TV also included.

 

The 4.5 million was to show that even if I made a loss on sale (25%) I still break-even in my own $A due to current exchange rate 

 

I have no intention to sell. I bought a Condo big enough to retire comfortably

 

Fair enuff.

3 pools, gym, sauna, wi-fi and cable.

Impressive.

If you are retiring here I think it is best that you don't continue to convert baht into your home country's currrency.

Your condo is now valued in baht. Good luck if you sell & want to get the money out of the country at a good rate.

Some would say you are living a false economy.

But....Enjoy????????

[georgegeorgia]

13 hours ago, TimeMachine said:

Dropped to 800,000 bht

Too much for the Nirun ????

[Sqoop]

I lived in Arcadia continental for a year. The swimming pools were great but the size of the tiny condo was a problem in the long term. I think that Arcadia Continental has more facilities than Arcadia Beach. But when tourism picked up it became clogged with holiday renters. I didn't think that the location was an issue. 

[newnative]

41 minutes ago, Pattaya57 said:

Someone who wants a 2 bedroom + Study and Balcony, with complex having 3 pools, Gym and Sauna. My wifi and cable TV also included.

 

The 4.5 million was to show that even if I made a loss on sale (25%) I still break-even in my own $A due to current exchange rate 

 

I have no intention to sell. I bought a Condo big enough to retire comfortably

 

    I figured at that relatively high price point, in 2008, we're talking a large condo.  I know you don't want to sell but if you did, it would probably be a fairly easy sell--simply supply and demand.  There aren't that many large condos in supply, and even fewer being built, to fill a healthy demand.  Not that many 2 bedrooms, even fewer 2 bedrooms with study.

    I think you have a free condo at this point, or close to it.  I mentioned in an earlier post that had I stayed with the original condo I paid 2.6MB for in 2011, I would have more than paid for it with the rent I saved in that time period--over 2.8MB.  I figured the rent conservatively at 20,000 baht a month--I paid 25,000 baht a month for the same type of seaview unit when I first arrived, before I bought.

    From your description, and a value well over twice that of my condo, you likely would have paid around 40,000 baht a month to rent something that large.  Figure thirteen and a half years of rent equals 6,480,000 baht.  If maintenance fees have averaged around 37,000 baht a year over the 13.5 years, then you are right at 6MB in savings in rent.  So, free condo, or coming close to it, depending on what the average rent was for the time period.  Whatever the current value is, it's all gravy.

    Someone will soon be along to point out that if you had rented, and invested that 6MB back in 2008 in "X", you would have made far more money.  Maybe, provided you actually did invest the 6MB in "X" instead of frittering it away, and "X" actually did increase in value. 

    They are also making two assumptions.  1:  You prefer the homeless life and sleeping in the open air.   However, if you're one of those crazies who does want a roof over your head, you either pay yourself or a landlord.  I prefer to pay myself, and, apparently, so do you. 

     Assumption 2:  You can't walk and chew gum at the same time.  The assumption seems to be that you always do one or the other--either buy a property or invest.  No reason you can't do both at the same time.  At 40,000 baht a month in rent, you would save 480,000 baht a year by owning, instead.  Minus the yearly maintenance fee, say 40,000 baht, you would have 440,000 baht to invest in "X" each year. 

     In an earlier post, I said that owning in Thailand makes the most sense, to me, on a long-term basis, and as a place of residence.   I think yours is a great example of just that.  For those not wanting to be tied down, or here short-term, then renting has advantages, with lots of good deals, especially compared to what they would be paying in their home countries.

     

   

[TimeMachine]

5 hours ago, georgegeorgia said:

Too much for the Nirun ????

Not nirun. Pattaya plaza condotel

[kinyara]

15 hours ago, jacko45k said:

Be fair, most of that is the Oz$ tanking! Fortunate to be on the correct side of that. 

If you don't have an income source within Thailand effectively a sound currency risk hedge, knowing that if you are committed to living here one of your likely biggest single regular monthly outgoings is taken out the equation currency fluctuation wise.

 

I thought it was part of a sensible reason to buy back in 2004 with the £ at 70. Had half my purchase price back in rent when I was away for long work periods, but now I enjoy it full-time. Best decision I ever made here.

[ace]

Regarding zoning, There used to be zoning 12 stories limit height in wongamat but no longer.

[GypsyT]

newnative - as somebody already said "You should open an agency"

 

I agree. You thinking is what I like. The Home where you live doesn't need to be "a business deal". I need one base that feels like my home. I value that feeling more than $$$.

 

"In an earlier post, I said that owning in Thailand makes the most sense, to me, on a long-term basis, and as a place of residence."

 

I could be your first customer; Get me a place in VT7 for less than 3,5 mil.

condo7.com has one like that; #2606 and for 3.6mil # 1442.

Can you do better? Max 10th floor, either side OK but I prefer morning sun balcony.

Thanks!

 

[newnative]

1 hour ago, GypsyT said:

newnative - as somebody already said "You should open an agency"

 

I agree. You thinking is what I like. The Home where you live doesn't need to be "a business deal". I need one base that feels like my home. I value that feeling more than $$$.

 

"In an earlier post, I said that owning in Thailand makes the most sense, to me, on a long-term basis, and as a place of residence."

 

I could be your first customer; Get me a place in VT7 for less than 3,5 mil.

condo7.com has one like that; #2606 and for 3.6mil # 1442.

Can you do better? Max 10th floor, either side OK but I prefer morning sun balcony.

Thanks!

 

     Thanks.  I've said many times that I value agents and the hard work they do.  Agents have sold most of the properties my partner and I have put up for sale, both here and in the US.   I have also said that I am way too lazy--not to mention impatient--to be an agent, and that still holds true.   Good luck!