Advice Of Buying Condo In Pattaya

[Darrel]

Isn't it stupid to buy a condo by the sea without see view ?

It depends on whether or not you are paying for a view. Some people are happy to pay a lower price for being near the sea, without paying the premium for being able to see the sea. And that premium can double the cost of a unit without a view. I can show you two identical studios in VT5: one at 1.8MB and another at 3.5MB. Guess which has the good view?

And ask VT1 owners if they are pleased with the sea view that they bought before VT2 was built and blocked it. Idem for the VT5 owners who now have a great view of VT7. Location-wise, all those buildings are still very good, but not necessarily for the view.

[Soboringtochooseaname]

Isn't it stupid to buy a condo by the sea without see view ?

It depends on whether or not you are paying for a view. Some people are happy to pay a lower price for being near the sea, without paying the premium for being able to see the sea. And that premium can double the cost of a unit without a view. I can show you two identical studios in VT5: one at 1.8MB and another at 3.5MB. Guess which has the good view?

And ask VT1 owners if they are pleased with the sea view that they bought before VT2 was built and blocked it. Idem for the VT5 owners who now have a great view of VT7. Location-wise, all those buildings are still very good, but not necessarily for the view.

Of course, the only good view for View Talay 1 is PATTAYA side, and only builing B, as this is the only building among VT that has no building view and that won't have before many many years as new houses MOOBAN is being built in front.

Anyway, who was stupid enough to buy VT1 on THEPRASIT side (JOMTIEN), this road being so noisy even from the 15th floor! But on VT car par side you can hear the birds.

It's like people buying anything at SAMUT PRAKAN when you know that this area will be under water withing 30 years. It seems that being a good investor is not a common sense...

[SolarOhm]

Real Estate in Thailand is approaching a BUBBLE - do your research to confirm that!.

Would you rather buy at a Low or a High in the market?

A 20% discount is norm - so you are not getting a deal at all.

And if you are going to pay cash instead of using financing you are sacrificing the ability to have the investment pay itself off through structured self-liquidation.

Additionally you should look at the tax consequewnces - both in UK and in Thailand - as you are buying for investment purposes rather than to live in the properties.

At this point in the economic cycle - World and Thailand - I would think you could be better off investing in commodities rather than property!

So how did you get in your head that you wanted to buy 2 Properties in Thailand?

Ever hear of the term Diversification? Spread your risks - do not load up on properties.. I bet you probably own properties in UK also?

[Darrel]

I just read that the Life@Siam building is now starting in 2012 for completion in 2013.

I wonder if the OP got any further with his purchase?

[PattayaParent]

^2 websites I read said completion 2014.

[Darrel]

Any advance on 2014?