Himappan Beach Gardens

[penipu007]

Hi

I would like your opinion on investing a 2 bedrooms apartment in this mega resort. it will cost US $300,000. and they will build around 400 units if them . the facilities are world class. Iam thinking to buy 1 and hopefully make good returns.

[mosquitoman]

Are you a real estate agent?

MM

Edited November 27, 2006 by mosquitoman

[penipu007]

Are you a real estate agent?

MM

Unfortunately NOT.

I have been thinking investing in managed villa or apartment in Koh Samui or in Bali

[PoorSucker]

Hi

I would like your opinion on investing a 2 bedrooms apartment in this mega resort. it will cost US $300,000. and they will build around 400 units if them . the facilities are world class. Iam thinking to buy 1 and hopefully make good returns.

I can sell you a nice bungalow for that amount.

"world class", I promise....

[penipu007]

Hi

I would like your opinion on investing a 2 bedrooms apartment in this mega resort. it will cost US $300,000. and they will build around 400 units if them . the facilities are world class. Iam thinking to buy 1 and hopefully make good returns.

I can sell you a nice bungalow for that amount.

"world class", I promise....

what can you offer me? location and management are important to get good rental return

[Beachedwhale]

Hi

I would like your opinion on investing a 2 bedrooms apartment in this mega resort. it will cost US $300,000. and they will build around 400 units if them . the facilities are world class. Iam thinking to buy 1 and hopefully make good returns.

I do not want to criticise this particular developer or development, but my personal view is buy something already built and start getting returns immediately. Samui has a way of slowing down construction, reducing the projected returns etc. This development may in fact achieve everything they state, but I would say that if they can get it 100% then they would be the first development to do so. It will take them at least 2 years, they will encounter problems, they will encounter delays, there will be other mitigating factors (in the past few years we have had SARS, Bird flue, Bad monsoon season, military rule, changes to visa laws, etc etc - who knows what will happen in the near future).

I am not a property developer or an agent but since I have lived on Samui for around 8 years I know quite a few. PM me if you want me to put you in touch with someone who has a property you can feel and touch and buy right now. ( I hope this is not against the rules - please feel free to delete it if you need to)