Investment In Retirement Property Now!

[jkinbkk]

It's some 15 years before am of retiring age, but I plan within the next 12 month to invest in a condo as part of my retirement plan.

I dont need to reside within the core expat communities, thus giving me more scope and I would guess better value options?

I have a reasonable command of spoken Thai right now and plan to improve this over the coming years.

After 2.5 years away I will return to Thailand at the end of Sept to commence a new job.

I see Mahasarakham as a potential location for such investment. It's still a little slow and sleepy, but Chaiyaphum was like that up until 5 years ago. Now Chaiyaphum has an Apple store for crying out loud! (I guess thats the coming of age criteria these days for a town!)

I appreciate a lot can change in 15 years, but right now where in Thailand would you say is the best place to invest in such a property for long term retirement considerations, and why?

[trogers]

Depends on your capital and expected rental yield, and ease of looking for tenants.

All my 5 properties being leased out are in Bangkok between Phrom Pong and Prakhanong BTS stations.

[54321]

Why wait 12 months, my advice would be to do it now.

Q House (The trust residence brand) Hua Hinh launches on the 8th

Q House (The trust residence brand) pattaya North selling now

Q House (The trust residence brand) pinklao, completed in a month or two and they have a few units left

LPN Pattaya north (and Chonburi) selling now

the above cost from around 1 million

pay 5-10,000 booking fee, then 30,000 on signing the contract, then approx 10% via installments until its built, then you pay the balance (sadly LPN may have changed the rules and want more than 10% from foreigners)

By buying off plan you can benefit from the (anticipated) price appreciation while it is/they are being built.

these are just a couple of examples, I personally like the Pinklao area, BUT only because I know it.

good luck