Investing In Condos

[TheDon]

Lets say you buy a condo for 1,000,000 baht, what would the approx return be? Lets say in BKK.

Im thinking of buying 5 Condo's but want to know the numbers before I do anything.

[LaoPo]

Lets say you buy a condo for 1,000,000 baht, what would the approx return be? Lets say in BKK.

Im thinking of buying 5 Condo's but want to know the numbers before I do anything.

Return ?

5 x headaches.

LaoPo

[Ubon9]

Let's say you buy 1 condo with 5 milion,maybe you are a bit out of touch with the latest price in bangkok area,1bed 36 to 45 sqm. in a decent position you will pay 2.7 to 3.8 or more.

[bkkblueeyes]

Lets say you buy a condo for 1,000,000 baht, what would the approx return be? Lets say in BKK.

Im thinking of buying 5 Condo's but want to know the numbers before I do anything.

Yo Don. I have looked in to this as well.

1^st there no to many for a million unless someone is selling there old one.

New condos 1.5 .3.5. if get around 1.5 mill could get around anywhere form 5-10 K per month each when rent out.

Depends how much you want to furnish them.

All the new projects outside the Center sell there condos for this price..

Old condo's That was tricky to find good one.

It is a ok investment as you have a good real-estate to advertise for you and handle things like receiving rent payment ect ect.

But now I am looking out investing in a Whole apartment bock of units outside of the centre on my girls land or maybe a few nice house have not decided yet.

ill just edit:

There are those Small box studios condos around that can be around 700 K to a mill.

But lucky to rent them for 3-4 thousand each.

Edited May 26, 2008 by bkkblueeyes

[bkkblueeyes]

Let's say you buy 1 condo with 5 milion,maybe you are a bit out of touch with the latest price in bangkok area,1bed 36 to 45 sqm. in a decent position you will pay 2.7 to 3.8 or more.

Around rachada and ladprao road have new condo suits coming up. Selling for 1.5 1 bedroom to around 3mil for 2 bedroom with furniture . there very nice.

But yes it is a big headache

[Kevin17]

New condos 1.5 .3.5. if get around 1.5 mill could get around anywhere form 5-10 K per month each when rent out.

That doesn't seem a very good rate of return, even assuming that the rental income is at the top end of the range. Is there a better way of investing in Thailand?

[tingtong]

you can make the same return with most of the SET traded thai real estate funds. even diversify your investment.

they arent that volatile that stocks, quaterly dividends mostly = much less headache, compare to own a condo, and try to deal with renting it.

my opinion at leats.

[Ubon9]

Let's say you buy 1 condo with 5 milion,maybe you are a bit out of touch with the latest price in bangkok area,1bed 36 to 45 sqm. in a decent position you will pay 2.7 to 3.8 or more.

Around rachada and ladprao road have new condo suits coming up. Selling for 1.5 1 bedroom to around 3mil for 2 bedroom with furniture . there very nice.

But yes it is a big headache

6 month ago I booked a condo in rachada at the grand diamond 1 bed.and I paid 2.7 mil. 14floor,the point is if you look for a good return you should buy a decent position and high rise or will be difficult to rent.