South Point

[JohnnyBKK]

Hello,

I'm considering to buy at south point pattaya with the 20 yrs visa.

Can anyone tell me if the price they are selling is really far from the market reality in that area ?

Actually i would buy to rent and to get the visa for 20 yrs but i guess they inflated the price because of the visa, by how much is it inflated ?

Thanks.

[HLover]

Looks like the prices are inflated by about 1 million thb.

http://www.bigmangoproperties.com/thailand/pattaya/condo/southpoint-pattaya

[KittenKong]

Looks like the prices are inflated by about 1 million thb.

Given that the developer sales are probably over-priced anyway I would be inclined to look for a desperate reseller and then buy my own visa. There seems to be a fair bit of desperation about at the moment, even in the fancier buildings. And more to come, I suspect.

As for buying-to-let, this is not something that I would care to get involved in here. It seems like a lot of hassle and risk for little return when you look at the bottom line. Maybe if you can buy a fire-sale unit it would be more worthwhile, but even then I dont think I would be tempted.