fish fingers Posted November 13, 2012 Share Posted November 13, 2012 (edited) Hi, Hunting for a condo and its quite hard ! I'm looking for an area with character, reasonably central and not too busy, possibly on the river. My budget is around 4.5M, ideally a place in need of modernisation and not too small; I dont mind an older building I'd like to know if there are up and coming areas which will be a better bet for a first time buyer, or is it best to invest in a safe bet area like Thong Lor, Ekkamai or Chidlom? thanks Edited November 13, 2012 by fish fingers Link to comment Share on other sites More sharing options...
Rowdy100 Posted November 13, 2012 Share Posted November 13, 2012 Phrakanong..... Link to comment Share on other sites More sharing options...
Khun Jean Posted November 15, 2012 Share Posted November 15, 2012 A smiley indeed. I have been in that area for the last 10 years and lived in it for the last 4 and it is slowly changing for the better. Easy access to many shopping areas, silom/lumpini park a short drive on rama 4. Bangna (and eastern seaboard) a short drive going south on sukhumvit. Going north on sukhumvit, to ekkamai, phrom pong etc. Sport centre, movie theaters, restaurants. I think in another 10 years it will look better and maybe even with its own mall. The getaway ekkamai is now the closest. Personally i like it, but i also like the Bang na. Link to comment Share on other sites More sharing options...
fish fingers Posted November 16, 2012 Author Share Posted November 16, 2012 (edited) Looked at a few condos online in this area, very good value (ie nice 1 bed condos @3M for 75metres) - also a lot less hectic than Nana etc.. so does indeed make sense- slightly worried about flooding tho. This is an interesting read, personally think that the rental return on a condo isnt bad, (7-8%) if well presnted( my investments don't return large dividends atm anyway). but the quality of the builds in bangkok DO worry me! http://www.stickmanw...doInBangkok.htm Edited November 16, 2012 by fish fingers Link to comment Share on other sites More sharing options...
trogers Posted November 20, 2012 Share Posted November 20, 2012 Looked at a few condos online in this area, very good value (ie nice 1 bed condos @3M for 75metres) - also a lot less hectic than Nana etc.. so does indeed make sense- slightly worried about flooding tho. This is an interesting read, personally think that the rental return on a condo isnt bad, (7-8%) if well presnted( my investments don't return large dividends atm anyway). but the quality of the builds in bangkok DO worry me! http://www.stickmanw...doInBangkok.htm This 7-8% rental yield applies only to old 1-bed condo units. Those less than a year old are now probably getting less than 5% gross due to a combination of high prices and supply exceeding demand forcing rents down. Link to comment Share on other sites More sharing options...
fish fingers Posted November 20, 2012 Author Share Posted November 20, 2012 (edited) for my small budget, I'm considering an older building condo in need of modernization - I have to weigh up the pros and cons of living in an older building in a good area against a newer building/smaller condo but usable facilities in a not so prime location. And then there's the possibility that the new build location will become more desirable in a few yrs. Atm I'm leaning towards older condo/bigger space/good area -- it will require a lot of work..but then i can reach that 7% rental return Edited November 20, 2012 by fish fingers Link to comment Share on other sites More sharing options...
hyperboyz9 Posted November 22, 2012 Share Posted November 22, 2012 New Extention BTS line is the new coming. Link to comment Share on other sites More sharing options...
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