Beaches Development Bang Saray.....

[Grant]

Those same houses on very small plots are now being sold for 10 ml, can you explain me why?

I don't know what houses you're talking about - maybe is very expensive or maybe very cheap -

The price always depend on location, infrastructure, size, quality etc

And some realestate prices are to high

Right!

But some is really cheap. You can have apartment for just 30k euros or even less - is it possible in Europe?

[stingray]

Those same houses on very small plots are now being sold for 10 ml, can you explain me why?

I don't know what houses you're talking about - maybe is very expensive or maybe very cheap -

The price always depend on location, infrastructure, size, quality etc

And some realestate prices are to high

Right!

But some is really cheap. You can have apartment for just 30k euros or even less - is it possible in Europe?

Condos can buy if the quotation of 49% is not occupied. But again. Why buy houses when you can't own them? The only solution is to rent a house, not to buy! U saked before, Why peaple stay overhere? My answer is: To keep it polite: The Nightlife. Noone comes overhere to see the Jomiten or Bang saray Beach. There are much nicer Beaches (white sand and blue lagunes) in this world than exactly the Jomtien Beach ,where it smells ever 50 Moter from the garbage containers and the black smooking Diesel Taxis. Buy a house of 10 Million Baht and lose it after 2 years. I see it every day. They give all up their savings from Europe to buy one House in ther GF or wives name and after a couple months they lost it. Can't understand how brainless someFarangs are.

[Grant]

My answer is: To keep it polite: The Nightlife. Noone comes overhere to see the Jomiten or Bang saray Beach.

Almost all of my friends come here with family. They also have houses for long term leasehold or company name, or condos. And they don't care about nightlife.

And you know why? Just because they like this place ant this country.

Edited December 26, 2008 by Grant

[LennyW]

Condos can buy if the quotation of 49% is not occupied. But again. Why buy houses when you can't own them? The only solution is to rent a house, not to buy! U saked before, Why peaple stay overhere? My answer is: To keep it polite: The Nightlife. Noone comes overhere to see the Jomiten or Bang saray Beach. There are much nicer Beaches (white sand and blue lagunes) in this world than exactly the Jomtien Beach ,where it smells ever 50 Moter from the garbage containers and the black smooking Diesel Taxis. Buy a house of 10 Million Baht and lose it after 2 years. I see it every day. They give all up their savings from Europe to buy one House in ther GF or wives name and after a couple months they lost it. Can't understand how brainless someFarangs are.

Buy it to rent it to those who choose to rent and not buy!!

Edited December 27, 2008 by LennyW

[BeauKarl]

And how much of that 300k did you put in your pocket and what was it really worth?

1.I said: "I have a lot of friends who spend $300k and more for property in Pattaya."

Did I said that I was involved in that deals? Did I said that they are my clients?

You don't have to answer.

And where can you still find decent townhouses in a nice place for 2 ml.

2.A lot of and much better then I've seen in Italy

Because most of us have to be here for work or are married to a Thai.

Well, you nave income here and happy with your Thai family?

In my opinion this is most important things.

Visa regulation and property registration rules really doesn't matter in this case.

I bought 3 rai of land just outside Pattaya and near regency school, directly from the Thai owner

Good deal but there is always hundred of question about any plot of land.

Those same houses on very small plots are now being sold for 10 ml, can you explain me why?

3.I don't know what houses you're talking about - maybe is very expensive or maybe very cheap -

The price always depend on location, infrastructure, size, quality etc

And some realestate prices are to high

Right!

4.But some is really cheap. You can have apartment for just 30k euros or even less - is it possible in Europe?

1.So either you didn't want to ripp your friends of or they didn't want to buy of you.

2.I'd like to know where in Pattaya.

3.The houses I'm talking about are about 500 m from my land (4 houses), my wife asked the builder who is making them how much it would cost for exactly the same on our land? 3 ml They are with a realtor for 10ml.

4. You can't anymore, because realtors have overvalued them and made the minds go nuts of those who bought them with 'nice' talking points, resulting in God knows how many for sale on the market at ridiculous prices. But I wouldn't wanna live in one of those boxes anyway.

[Grant]

4. You can't anymore, because realtors have overvalued

There is hundreds of studios for 1-1.5 ml. Just look around

1.So either you didn't want to ripp your friends of or they didn't want to buy of you.

Excuse me but I can't continue conversation in this manner.

Try to blame someone else.

And try to use "quote" in proper way, please. It's not that difficult

Goodbye

Edited December 27, 2008 by Grant

[farangfool]

I dont understand why the circles behind that project are having their venture protected here on the forum. It makes no sense. Given that they go for the really rich, well-established, short, those who dont care about a million US people, why continue to discuss it here? I suppose we board members all do not fall into that above mentioned category. I admit, I m not the person to risk 1 Million US on such a venture (if I had that kind of money in my hotel safe).

In other words, it is a bit strange... Perhaps they try to score with another clientel as well. Flippers or the odd newbie? Real Five Star developments focus on their exclusive customer base and dont have strange figures spending their time online. It smells pretty bad....

[ehs818]

Retail prices for Condos just 3 years ago was about 35,000 baht per square meter. Now it's above 65,000 everywhere-WITH NO INCREASE IN QUALITY. For my money, I'll just wait until the property bubble bursts here, and take advantage of a 'urgent sale' that some other farang needs to make. As for living in Bang Sare or even Baan Amphur, you'd better factor in the price of a car or two. That places are miles away from services......

:-)

[stingray]

So far as i know: Houses in leasehold doesn’t belong to you. In case of death, your children never get the house. Using a company to own a house is illegal, unless you doing some business like a Hotel or Restaurant, or manufacturing, for example. Remember: Companies belong to 51% to Thais anyway, unless you are US Citizen. Only US Citizens can own a Company to 100%. But it’s still illegal to using a company only for owning a house. And if you running a business, when you don’t want to do, just for show, then it’s gonna be expensive, paying all the taxes, vat, social security, balance sheet, lawyer fees, wastewater bill, withhold taxes, license fees or what ever, just to own a house. People, who like to own their own house, should consider another country to fulfill their dreams. Some Caribbean island, North of Brazil, Paraguay and Uruguay are worth to living. The last two countries mentioned have not much crime, land prices are very cheap and btw, Spanish or Portuguese is easier to learn than Thai. Most of the housing projects, built in Thailand are anyway not nice, because the surrounding is so small that you can hear your Neighbor snoring, because the developers try to squeeze so many houses as possible on their Land to make highest possible profit.

[mihrya]

- студия 32,5 кв.м. - цена от 7,9 млн батов.

- студия 36 кв.м. - цена от 8,5 млн батов.

- студия 43,4 кв.м. - цена 15,4 батов.

- с одной спальной комнатой 66,75 кв.м. - цена от 14,5 млн батов.

- с одной спальной комнатой 76,5 кв.м. - цена от 16,1 млн батов.

- с одной спальной комнатой 95,6 кв.м. - цена от 24,5 млн батов.

- с двумя спальными комнатами 131,4 кв.м. - цена от 55,5 млн батов.

- с двумя спальными комнатами 127,3 кв.м. - цена от 26,2 млн батов.

- пентхаус 112,76 кв.м. - цена от 32,9 млн батов.

i am in shock...

for those who wish to translate ...

figures on the left - the area, the numbers right - the value of this area in millions of Thai baht ...

funny?taken from one forum...

[patklang]

How anybody can trust real estate agents in Thailand is beyond me.Seems the same is happening in hua hin too.

If they are trying to attract millionaires,no problems to me,as they can get stuck in the same place.This sounds like a casino in the making to me,so at least,money will be taken by the coffers.

[Pdaz]

Well now that Europeans and Brits are feeling the pinch and some have heard enough about shoddy overpriced property in Thailand it's only natural for the developers and the real estate bloodsuckers to look for a new market.. Ahah.. Enter the Russians... New to travel and naive to boot.. cashed up and looking for a place in the sun or somewhere to wash their cash... Wonder how long before they wise up to the scam or the credit crunch affects them too (heard the Ruble is already being devalued)

[Firefan]

Some here complain about yet another beach/area being developed. Sorry guys/girls - but it has been like that forever and that will not change - just get ready to move again and being one step ahead of the developments! Phuket and Samui were once silent, tropical islands....

The owner/company have an impressive track record of previous developments - and in addition is the main investor in the project - that seems like a good start to me. Escrow adds some more safety too.

While this project is partly capitalized by the owner, I am sure it still needs to meet sales targets/involve banks - and if the Russian/Eastern Eu market is where there are willing buyers, what is wrong with that?

The whole Condotel project with guarenteed investment returns (6%/year for 5 years guarenteed but future room rent return also+capital gains)+free usage of the condo for holidays/periods and a giant water park/entertainment area seems to fit both investors as well as families quite well.

The condo will be earning money when the family is not around and it will be managed/maintained by a high end hotel management company ensuring units maintain their value rather than letting guests abuse the condo and lower the value.

Russia have crap weather, short direct flights to Pattaya, generally they want to be in the sun and hang at the pool in a nice resort in a place with great weather (seperate note: I think Pattaya have some of the best year round weather of anywhere in the world for people who likes the sun/warmth/wind - Phuket and Samui and other islands is not nearly as nice as rain storms Etc. hit them much harder/sun more seasonal). They would want a safe enviroment for them/their kids - and do not want to be near the much beloved (by others) night life.

Some here are in awe about a starting price of 5M Baht... for ocean view, well managed condo in international standard 5 star resort.... sorry guys - not sure where else on the planet one can get that! (without bullets flying outside your window or your bamboo hutt not having hot water...). Comparing to another place in Pattaya makes little sense as the guests/buyers do NOT come to explore Pattaya. They come for the sun/warmth and a top end resort. So one should compare with other countries with similar weather/resort standard.

I agree that the beach there is so-so. While I am sure that the beach, being private, will be artificially upgraded this will never be the Maldives!

Most of the potential guests (be that buyers or hotel guests) will however be plenty happy with the pools/water park/spas Etc. for the reasons I mentioned earlier (families here for the sun).

Will it finish? I believe it will but it has several stages - heard that the base/water park construction start in 3 months time, and when those cranes come up I would think we see an even more increased interest in the project - as well as list prices going up. So snatching up one of the cheaper units now might not be a bad idea at all... - time will show!

Cheers!

[basjke]

Some here complain about yet another beach/area being developed. Sorry guys/girls - but it has been like that forever and that will not change - just get ready to move again and being one step ahead of the developments! Phuket and Samui were once silent, tropical islands....

The owner/company have an impressive track record of previous developments - and in addition is the main investor in the project - that seems like a good start to me. Escrow adds some more safety too.

While this project is partly capitalized by the owner, I am sure it still needs to meet sales targets/involve banks - and if the Russian/Eastern Eu market is where there are willing buyers, what is wrong with that?

The whole Condotel project with guarenteed investment returns (6%/year for 5 years guarenteed but future room rent return also+capital gains)+free usage of the condo for holidays/periods and a giant water park/entertainment area seems to fit both investors as well as families quite well.

The condo will be earning money when the family is not around and it will be managed/maintained by a high end hotel management company ensuring units maintain their value rather than letting guests abuse the condo and lower the value.

Russia have crap weather, short direct flights to Pattaya, generally they want to be in the sun and hang at the pool in a nice resort in a place with great weather (seperate note: I think Pattaya have some of the best year round weather of anywhere in the world for people who likes the sun/warmth/wind - Phuket and Samui and other islands is not nearly as nice as rain storms Etc. hit them much harder/sun more seasonal). They would want a safe enviroment for them/their kids - and do not want to be near the much beloved (by others) night life.

Some here are in awe about a starting price of 5M Baht... for ocean view, well managed condo in international standard 5 star resort.... sorry guys - not sure where else on the planet one can get that! (without bullets flying outside your window or your bamboo hutt not having hot water...). Comparing to another place in Pattaya makes little sense as the guests/buyers do NOT come to explore Pattaya. They come for the sun/warmth and a top end resort. So one should compare with other countries with similar weather/resort standard.

I agree that the beach there is so-so. While I am sure that the beach, being private, will be artificially upgraded this will never be the Maldives!

Most of the potential guests (be that buyers or hotel guests) will however be plenty happy with the pools/water park/spas Etc. for the reasons I mentioned earlier (families here for the sun).

Will it finish? I believe it will but it has several stages - heard that the base/water park construction start in 3 months time, and when those cranes come up I would think we see an even more increased interest in the project - as well as list prices going up. So snatching up one of the cheaper units now might not be a bad idea at all... - time will show!

Cheers!

Isn't that a nice advertisement.Didn't know you were a sales agent now.

However you might add after the article "and then I woke up".

First of all Pattaya doesn't have the best weather in the world.Far from that.

Further on the prices don't start from 5 million baht for ocean view.According to Mihrya's post the smallest condo start from 7.9 million and there is nowhere stated that this is for ocean view.

They guarantee you 6 % on your investment plus free usage during holidays?Make a cuick calculation and you will find out this is another impossibility.Or are they gonna rent them out at an average price of 3500 baht and have an occupation rate of 100% year round which is impossible.And that's only to break even,so expect the rates to be way higher if they want to keep the place running.

Russians of course also prefer the sun and have short connect flights but at these prices.I thought Russia was still an emerging country.

If this project really will go through the customers will need to have very deep pockets.Waterparks etc. cost big money let alone the rent of the condo's.

Believe me people with that kind of money don't go holiday in a city that is famous worldwide as the biggest whore house in the world and has crap beaches.For that kind of money they have better choices in the world.

[Firefan]

You could well be right Basjke - as I mention; time will show. I have not been hired by these guys but I have done some background checking on the project.

Pattaya weather? If you come from a cold country and hate the cold (even Changmai level iffy-cold ) then it is fantastic! Also more sun stable than most other obvious alternatives as mentioned. A nice breeze even in the hot season, less rain and less storms than most other nearby destinations - hard to beat.

There are a lot of money in Eastern Eu that are looking for places to invest or just go vacation. Some of the worlds most expensive real estate is still in Moscow. 3500 Baht/night is set way too low I think. Does not matter that there are some "ladies of the night" around downtown - the average family will never go there. I already touched on the beach where I tend to agree with you.

As for price one thing is list price, and another is the initial discounted price one might get for taking the risk of buying early in the process - Did they turn down your offer?

I think the project will progress, albeit slowly - due to the current global financial climate. Nest milestone (developer already own the land on both sides of Sukumvit+BOI approval) will be to see those cranes come up and start working - we will see if that happens in 3 months time or not.

Cheers!

[khun77777]

Bangkok Post 23/04/2009 classified page 4

Edited April 24, 2009 by khun77777

[khun77777]

[khun77777]

www.thebeachesthailand.com/g_morgan.htm

[khun77777]

www.pattayadailynews.com/shownews.php?IDNEWS=0000009421

[JR Texas]

www.pattayadailynews.com/shownews.php?IDNEWS=0000009421

[stingray]

I just rent a house in Jomtien Area for 11'k per month, 3 year contract. House have 2 sleeping room, kichen and Livingroom, covered car park, garden, large covered patiorearside and can parf 6 cars in my driveway on the ground inside my garden. Payd a 100'k for remodeling the house, looks very nice now. If i want to buy a similar house, it gonna cost maybe 4 to 6 million Baht. So i can rent this house for 50 years. So why have to buy a house, when rentals are so cheap?

[basjke]

I just rent a house in Jomtien Area for 11'k per month, 3 year contract. House have 2 sleeping room, kichen and Livingroom, covered car park, garden, large covered patiorearside and can parf 6 cars in my driveway on the ground inside my garden. Payd a 100'k for remodeling the house, looks very nice now. If i want to buy a similar house, it gonna cost maybe 4 to 6 million Baht. So i can rent this house for 50 years. So why have to buy a house, when rentals are so cheap?

You expect after the 3 year contract finish the rent still will be same for your remodelled house?If your landlord is thai he might have another idea about the rent value.

[eljeque]

I rent a 2bdrm 2bthrm, 95 square meter house on 65 tw in a moo ban opposite Xcite on 3rd Road

I paid 300,000 for refurbishing the house and got three years rent out of it. I have a 10 year lease.

If for sale, the owner would like over 2.5M

At 8,000 / month, paid yearly (96,000) , I have a great deal. And it will continue.

Everyone here should rent. It is the smartest way to go.