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Buying A House?


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was considering to buy a house in bangkok, having too much problems staying in a condominium.

i will buy with my wives' name, may have to pay installments.

i m working for a MNC in thailand and have a work permit. spoken to a few banks, most likely to get an approval with me and my wives salary if we have a 50% down payment.

so there are a few alternatives i m considering:

1. buying a house from a established developer:

i. Land and House - cost around 4.39m for a 50 sqwah 3 bedroom 3 toilet house

ii. Sansiri - cost around 5.5m for a 50 sqwah 3 bedroom 3 toilet house

iii. M.K. - cost around 4.3m for a 80 sqwah 3 bedroom 3 toilet house

2. buying a piece of land from the bank (lost of land on auction at the bangkok bang or krungsri (BAY))

i. buy a piece of land around 100 sq wah @ 2m and build it with - Landy Home Co., Ltd @ approx. 3m = 5m

ii. buy a piece of land around 100 sq wah @ 2m and build it with with local contractors @ approx 1.5m = 3.5m (i will have to supervise a lot of the workmanship)

any advise?

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