Condo Prices

[JUDAS]

After reading many threads on TV about condo prices, I would like to hear you definition regarding price brackets. The terms lower end, middle and upper end are often used when discussing prices but, have yet to come across anyone puting a Baht value on these brackets.

Personally I have very little knowledge of these markets so, would be very interested to hear what limit you would use when defining these.

P.S. Bangkok and Pataya condo's.

[JUDAS]

[TonyLeung]

For Central Bangkok (in range of the BTS/MRT) at current prices

Ultra High End 150,000+/m2

High End 110,000+/m2

Middle 75,000-110,000/m2

Low End < 75,000

[JimsKnight]

More importantly has anybody been living in a condo/owned a condo for five years+ seen a worthwhile appreciation on its value.

All well and good buying a Condo but if they fall apart or lose value compared with the new ones....

[backflip]

Define "worthwhile". I've owned my condo for 3 years and, with the depreciation of the dollar and appreciation of real estate, my $155K USD investment is worth around $250K USD. A 60% increase in 3 years is less than that of Shanghai or Hong Kong, but considerably better than the 20% drop in value predicted by thaigene2, bingobongo, and thedude. EVERY real estate investment is unique, and your mileage may vary. Your post seems to be prejudiced against anything that isn't brand new, and you should change your attitude. Perhaps speaking with a broker regarding "high-end" and "low-end" property would prove to be beneficial.

[johnh101]

But that is not a 60% increase if you are selling in Baht.