Buying small condo off-plan - current, reputable projects?

[simon43]

Buying off-plan is always a financial risk in Thailand - the project may go bust or it could just be a scam. But the risk of buying off-plan can be reduced (maybe?) if one buys into a project from a major company with a decent track record.

So... can someone tell me the names of some of the major condo projects in Pattaya/Jomtien right now? I'm in Phuket, but want to purchase off-plan (ie monthly payments over a couple of years), a small condo in Pattaya/Jomtien as an option for when I'm old and slobbering after loose women (My current location in a rubber tree plantation in north Phuket offers little choices in that regard...)

[petermik]

Best wishes..........reputable projects

[2unique]

I'm told Nova have the best completion rate and will generally give a refund despite not having to if customer not happy. .. Note this is 3rd party information

[toenail]

Plenty of condo completed and empty... buy one seen and completed. Too many big plans going under now.

[Oink]

Easy to purchase a condo in Pattaya, but with about 20,000 under construction, not so easy to sell.

50% of the condos under construction here have been mothballed, so think very carefully before proceeding.

Better to save your money and purchase a completed condo when you have the funds rather than putting money into a project that may never take off.

Look up "The Waterfront" the same company has a project at Cosy Beach, but no progress for two years.

Your ten percent non refundable down payment goes as sale commission. So you can kiss that goodbye.

[craigt3365]

Tough time to buy. And I'd never buy unless I saw the project up close and personal. Could be an all night karaoke bar right next door. It does happen....

[fosseway]

The one and only vital word here is "Escrow" without this sort of agreement, it would be a very risky idea, irrespective of any developer profile at this stage of the property market.

[simon43]

Could be an all night karaoke bar right next door.

Well, that would be a bonus for me - not far to go for the women...