Empty And Abandoned Shop Building Along Sapahaan Kwai Bts Bangkok

[duiter]

Hi,

I saw many empty ( unoccupied at night ) and abandoned shop building along Saphan Kwai BTS ( N 7) Bangkok, near National stadium, Ari, Dindaeng

Why doesn't the owner just sell it or rent it or repaint ( as many look ugly and dark ) or do something else ?

Thanks

[saakura]

Land bank, waiting to buy up adjacent plots? You can find several such sites such as you mentioned, bought up by big developers.

[samran]

Doesn't need the cash probably. Or already part of a land bank. Or holding out for more from a potential buyer who wants to build some sort of BTS attached mall or condo.

[giddyup]

The Thai philosophy seems to be "Build a row of shophouses and they will come", but not always obviously, and if they do they don't always stay.

[Time Traveller]

If they don't have the money and can't find a buyer then how can they fix them up?

[arthurwait]

Could be many reasons. As in what has already been posted.

It could be a bank repo.

It could be the owner of the shop retired or died and the kids aren't interested in it.

It coud be that no has shown any interest in renting it.

Or simply as said the owner doesn't need the cash, has other businesses and bought this just because the land value is only going to go up and up for several more decades at least.

They may have bought it decades ago at a fraction of the worth it is now so costs them basically nothing.

[StreetCowboy]

Because there's no tax on land.

[soundman]

Because there's no tax on land.

Go to the head of the class.

Virtually non-existent land taxes on commercial properties means cash heavy speculators/investors can just sit on a plot without having to do anything to cover costs.

[StreetCowboy]

Because there's no tax on land.

Go to the head of the class.

Virtually non-existent land taxes on commercial properties means cash heavy speculators/investors can just sit on a plot without having to do anything to cover costs.

And no inheritance tax.

[YipYipYa123]

there is heaps of massive buildings and empty and deserted around BKK

some are even in central areas where you would think they could make a lot of money

by doing something with them

[StreetCowboy]

there is heaps of massive buildings and empty and deserted around BKK

some are even in central areas where you would think they could make a lot of money

by doing something with them

there is heaps of massive buildings and empty and deserted around BKK

some are even in central areas where you would think they could make a lot of money

by doing something with them

Buy them and profit!

[Yo Sup]

It's the top of the market boys. Give it a year or two, and factor in the political situation..

[samran]

It's the top of the market boys. Give it a year or two, and factor in the political situation..

The only problem is that it has been the top of the market since 1998.

[duiter]

It's the top of the market boys. Give it a year or two, and factor in the political situation..

The only problem is that it has been the top of the market since 1998.

Does it mean that they have been on the market for a long time and too expensive to buy or too cheap to buy ?

Thanks

[samran]

It's the top of the market boys. Give it a year or two, and factor in the political situation..

The only problem is that it has been the top of the market since 1998.

Does it mean that they have been on the market for a long time and too expensive to buy or too cheap to buy ?

Thanks

For the most part, as long as you can get a better than bank return on the place - whether it be via rents or capital appriciation, then the rules of opportunity cost work in favour of property.

[asanee]

the major one is just across from BigC and a victim of that shop: the former MerryKings deprtmt.store-of which the parking house is stil in use-rented by the BMA. The MK chain had about 5-6 normal-at that time-deprtmt stores around BKk, and failed miserably after the '97 monetrary crisis, hd to close all but its single 1st motherhouse-in Chinatown. its biggest faiure was the BigKings in BangYai-where they now nearly finish the skytrain extension in far west. Also at that time both tesco and Big/Carrfr set in a major offensive in opening stores all over BKk-much cheapr, friendlier and custmer-wise as the old shift. 1 MK is bought by Tesco and turned into one of their shops-in Pinklao, Thonburi, just before the Centran overthere.