mcfish Posted November 22, 2016 Share Posted November 22, 2016 Bangkok at number 8 in the he league tables of cities regarded as good investment locations in Asia, up from 19th place last year!https://www.bloomberg.com/news/articles/2016-11-21/indian-cities-are-the-asian-property-bargain-of-2017Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
blackcab Posted November 22, 2016 Share Posted November 22, 2016 It's an interesting article. I'm surprised that IT companies are the driver for office space rentals in Bangkok. From what I see those types of firms try and stay out of formal office spaces for as long as possible. Working from home or from co-working spaces when necessary seems to help the firms save considerable expenditure. Having said that, offices are one of my favourite types of property to lease. The tenants are normally very reasonable and as it is commercial property all the repairs are the responsibility of the lessee. Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 It is very interesting indeed. I remember vividly when India started to emerge as a possible investment choice, I mean who back then would risk a single bean over there but look where it sits now. Your right about commercial property, that's something not discussed a lot around here Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
trogers Posted November 22, 2016 Share Posted November 22, 2016 What kind of investment is this article about? Is the ranking quantified in terms of USD to GDP ratio? Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 What kind of investment is this article about? Is the ranking quantified in terms of USD to GDP ratio?Wether it's commercial or residential it won't matter when you have growth that quick everything gets sucked into the vortex. Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
blackcab Posted November 22, 2016 Share Posted November 22, 2016 20 minutes ago, mcfish said: ...commercial property, that's something not discussed a lot around here To be fair I'm guessing not many members are responsible for leasing commercial real estate for a business in Thailand. Those that are responsible probably have enough experience and/or staff that they don't have to solicit opinions here. If you can find a stable tenant then commercial rentals are a great business for owners. The downside are the void periods and the economy. If things are tough then your income can suffer. Link to comment Share on other sites More sharing options...
lkn Posted November 22, 2016 Share Posted November 22, 2016 “Singapore, which ranked first in the survey in 2011 and 2012, fell to 21st for next year […] result of […] 12 straight quarters of declining prices in the residential market […]” So four years ago, Singapore was number one, but anyone who invested back then have seen declining prices for the last 3 years. I would take this list with a grain of salt. Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2016 Share Posted November 22, 2016 It's perfectly clear that Bloomberg just makes this stuff up in order to annoy the Thai economy detractors on TVF, why don't they just tell the truth and admit that well heeled Bangkokians are all eating mama noodles for dinner, every single one of them. Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 “Singapore, which ranked first in the survey in 2011 and 2012, fell to 21st for next year […] result of […] 12 straight quarters of declining prices in the residential market […]” So four years ago, Singapore was number one, but anyone who invested back then have seen declining prices for the last 3 years. I would take this list with a grain of salt.Did you really think Singapore would continue in never ending GROWTH . Places like Singapore and Australian peaked years ago and are now just in a maintenance stage . The big bump in in India happened years ago as well Thailand is now where India was back then If I had a choice about your salt theory post and Bloomberg, well I will go with the experts at Bloomberg Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
trogers Posted November 22, 2016 Share Posted November 22, 2016 26 minutes ago, lkn said: “Singapore, which ranked first in the survey in 2011 and 2012, fell to 21st for next year […] result of […] 12 straight quarters of declining prices in the residential market […]” So four years ago, Singapore was number one, but anyone who invested back then have seen declining prices for the last 3 years. I would take this list with a grain of salt. That's why I prefer quantified rankings. Seems such investments are easy come easy go... Even factories take a few years to relocate, but an IT company can be set up or gone in 6 months... Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 You only need to see the condo prices in Bangkok doubling every 5 years to understand what's happening. I do feel sorry for the fence sitters scared off by the TV barstool investment specialists and in the meantime Japanese Chinese and Indians are snapping up anything near a good BTS station. The sky rocketing condo prices speak much louder than TV Bar stool banter ever willSent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2016 Share Posted November 22, 2016 It's always been that way on TVF for as long as I can remember, "keep your money safe at home", "don't invest in Thailand you'll get ripped off", "the banks aren't safe", "nobody makes money on property in Thailand", and so on and so ad nauseum! I blame it on the bar stool sitters and the impoverished, not having any money in the first place is not a socially acceptable reason for not buying your own home hence sound reasons must be manufactured. Link to comment Share on other sites More sharing options...
lkn Posted November 22, 2016 Share Posted November 22, 2016 44 minutes ago, mcfish said: Did you really think Singapore would continue in never ending GROWTH . Places like Singapore and Australian peaked years ago […] If I had a choice about your salt theory post and Bloomberg, well I will go with the experts at Bloomberg You seem to have missed what I was saying, because the experts at Bloomberg said that Singapore was #1 four years ago, yet it has been declining for the last 3. I am not in real estate, but for other markets I am more familiar with, many “analysts” are simply passing of observations of current trends as “predictions” about the future, which the Singapore example seems to illustrate. Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2016 Share Posted November 22, 2016 I think the point to make about the Singapore market is that is had become overheated, only government action finally took the froth out of it all. Bangkok is not even close to that level of things hence the trade of positions in the league tables is understandable. It is both an observation of the present and a forecast for the future (that it will continue). Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 It's totally fascinating. If the findings were reversed we would be at 10 pages already but here we are at 2 pages. A lot of sore losers missed the boat... Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
Anthony5 Posted November 22, 2016 Share Posted November 22, 2016 And the article below this one on Bloomberg says. Global funds sold about $11 billion of equities and bonds in Asia’s emerging markets after Donald Trump’s victory in the U.S. presidential election as expectations for his economic policies sent Treasury yields higher and sparked the dollar’s strongest rally in eight years. India suffered the biggest outflows between Nov. 9 and Nov. 18, followed by Thailand, Link to comment Share on other sites More sharing options...
chiang mai Posted November 22, 2016 Share Posted November 22, 2016 4 minutes ago, Anthony5 said: And the article below this one on Bloomberg says. Global funds sold about $11 billion of equities and bonds in Asia’s emerging markets after Donald Trump’s victory in the U.S. presidential election as expectations for his economic policies sent Treasury yields higher and sparked the dollar’s strongest rally in eight years. India suffered the biggest outflows between Nov. 9 and Nov. 18, followed by Thailand, USD 11 bill. of Global Funds equities sold in one month across all of Asia? Far less than peanuts, likely not to far off the average norm! Link to comment Share on other sites More sharing options...
Anthony5 Posted November 22, 2016 Share Posted November 22, 2016 11 minutes ago, chiang mai said: USD 11 bill. of Global Funds equities sold in one month across all of Asia? Far less than peanuts, likely not to far off the average norm! Well since Bloomberg wrote an article about, including a video, I would think it must be news worthy. Or do you agree that Bloomberg just blow things out of its context to get readers? Link to comment Share on other sites More sharing options...
Anthony5 Posted November 22, 2016 Share Posted November 22, 2016 3 hours ago, mcfish said: I do feel sorry for the fence sitters scared off by the TV barstool investment specialists and in the meantime Japanese Chinese and Indians are snapping up anything near a good BTS station. So you think the majority of possible western buyers take advice or are members from this forum? That would confirm that there actually aren't many buyers in the market. Link to comment Share on other sites More sharing options...
mcfish Posted November 22, 2016 Author Share Posted November 22, 2016 So you think the majority of possible western buyers take advice or are members from this forum? That would confirm that there actually aren't many buyers in the market.Not the majority but as I Said , the fence sitters. Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
lkn Posted November 22, 2016 Share Posted November 22, 2016 5 hours ago, mcfish said: […] I do feel sorry for the fence sitters scared off by the TV barstool investment specialists and in the meantime Japanese Chinese and Indians are snapping up anything near a good BTS station […] The real money is made by those who develops the land, not those who buy shoeboxes near BTS stations. A condo should be an investment in your happiness and the securities market is where you go for a better return on your money than the bank offers. Link to comment Share on other sites More sharing options...
blackcab Posted November 22, 2016 Share Posted November 22, 2016 14 minutes ago, lkn said: The real money is made by those who develops the land, not those who buy shoeboxes near BTS stations. A condo should be an investment in your happiness and the securities market is where you go for a better return on your money than the bank offers. The biggest developers make about 30 per cent profit if all units sell quickly. Other developers make about 20 per cent due to not having the economy of scale when negotiating contracts. First time or mediocre developers can end up in serious financial difficulties. People often think the developers have it easy, but I can assure you that's not the case. They often need to pay a lot of money up front and then wait for the condo's completion to earn the profits. From land purchase to completion is often three years. A lot can happen in that time. Link to comment Share on other sites More sharing options...
lkn Posted November 22, 2016 Share Posted November 22, 2016 25 minutes ago, blackcab said: The biggest developers make about 30 per cent profit if all units sell quickly. Other developers make about 20 per cent due to not having the economy of scale when negotiating contracts. First time or mediocre developers can end up in serious financial difficulties. I didn’t mean to imply that all developers are making a fortune, simply that buying shoeboxes near BTS stations is generally too late in the value chain. Link to comment Share on other sites More sharing options...
trogers Posted November 22, 2016 Share Posted November 22, 2016 7 hours ago, lkn said: I didn’t mean to imply that all developers are making a fortune, simply that buying shoeboxes near BTS stations is generally too late in the value chain. I think what you meant is supply outweighs demand by 50 to 1... Link to comment Share on other sites More sharing options...
mcfish Posted November 23, 2016 Author Share Posted November 23, 2016 I think what you meant is supply outweighs demand by 50 to 1...That mantra has been repeated a million times in the last 20 years of TV and if we're trued would have exploded a bubble but we have the highly respected Bloomberg telling us what's really going on. Even at todays sky rocketing Bangkok condo prices it's still relatively cheap but unfortunately fence sitters have missed the ride up Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
KittenKong Posted November 23, 2016 Share Posted November 23, 2016 16 hours ago, chiang mai said: It's always been that way on TVF for as long as I can remember, "keep your money safe at home", "don't invest in Thailand you'll get ripped off", "the banks aren't safe", "nobody makes money on property in Thailand", and so on and so ad nauseum! I blame it on the bar stool sitters and the impoverished, not having any money in the first place is not a socially acceptable reason for not buying your own home hence sound reasons must be manufactured. OK, so you know some impoverished farangs who wont invest in Thailand. So do I. But how many wealthy farangs do you know who do invest directly in Thailand? I dont know any of the latter, apart from some people whom I suspect to have illegally acquired wealth that they dont quite know what else to do with. I also know some entirely legitimate people with much more capital than I have (and I'm not exactly on the breadline) who would not invest here if it was the last place on earth. And I understand why. Link to comment Share on other sites More sharing options...
KittenKong Posted November 23, 2016 Share Posted November 23, 2016 19 hours ago, mcfish said: Bangkok at number 8 in the he league tables of cities regarded as good investment locations in Asia, up from 19th place last year! Indeed. And beaten by Manila, Saigon and Jakarta. Not to mention such highly desirable locations as Bangalore, Mumbai and Shenzhen. Link to comment Share on other sites More sharing options...
mcfish Posted November 23, 2016 Author Share Posted November 23, 2016 OK, so you know some impoverished farangs who wont invest in Thailand. So do I. But how many wealthy farangs do you know who do invest directly in Thailand? I dont know any of the latter, apart from some people whom I suspect to the have illegally acquired wealth that they dont quite know what else to do with. I also know some entirely legitimate people with much more capital than I have (and I'm not exactly on the breadline) who would not invest here if it was the last place on earth. And I understand why.I know 2very wealthy CEO'S have multiple condos (and a stunning penthouse) and don't even live here. One has 8 studios on one floor in my condo block all rented so I'm afraid your story doesn't hold upLet's see now, we have Bloomberg and we have they same old anonymous TV Bar stool banter, who should I believe lolSent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
mcfish Posted November 23, 2016 Author Share Posted November 23, 2016 Bangkok has jumped the list from 19 to 8.Punters should board the train to number 1 it's not far away Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
mcfish Posted November 23, 2016 Author Share Posted November 23, 2016 Indeed. And beaten by Manila, Saigon and Jakarta. Not to mention such highly desirable locations as Bangalore, Mumbai and Shenzhen.Your looking at it wrong, you should be looking at the staggering jump! India was never considered safe or desirable but look where it sits now? Bloomberg know their stuff they have top class analysts, only a fool would discard their research!! Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
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