rooster59 Posted March 4, 2017 Share Posted March 4, 2017 Hong Kong investors keen on Thai condos after healthy returns By SOMLUCK SRIMALEE THE NATION HONG KONG HONG KONG investors have been sinking more money into Thailand’s condominium market after enjoying returns on investment of more than 5 per cent a year, Theerapan Nunthapolpat, general manager of Siam Commercial Bank’s Hong Kong branch, said in an interview with The Nation recently. “Condominium units priced between Bt5 million and Bt10 million are popular with Hong Kong investors in Thailand’s property market,” he said. He added that the popular locations included Bangkok’s Sukhumvit area and tourist destinations such as Pattaya and Phuket. Full story: http://www.nationmultimedia.com/news/business/property/30307894 -- © Copyright The Nation 2017-03-04 Link to comment Share on other sites More sharing options...
taichiplanet Posted March 4, 2017 Share Posted March 4, 2017 How many HK investors have invested? " He said SCB had received a number of queries from its customers in Hong Kong about how to invest ..." That reads to me 'none at all'. Link to comment Share on other sites More sharing options...
Get Real Posted March 4, 2017 Share Posted March 4, 2017 It´s great to hear that there are some that get´s 5% ROI on property per year. That I can believe. What I don´t believe is the lies from all advertisers on Internet, that guarantee 7, 10 and 13% ROI a year. Just pure scum bags. Link to comment Share on other sites More sharing options...
NCC1701A Posted March 4, 2017 Share Posted March 4, 2017 just curious, these are investors who have actually SOLD their condos and the return is based on the final sale price, not what you think your condo might be worth. Link to comment Share on other sites More sharing options...
Mises Posted March 4, 2017 Share Posted March 4, 2017 4 hours ago, NCC1701A said: just curious, these are investors who have actually SOLD their condos and the return is based on the final sale price, not what you think your condo might be worth. I think they mean rental income so after about 5 years or so if they sell they might just break even. Link to comment Share on other sites More sharing options...
little mary sunshine Posted March 4, 2017 Share Posted March 4, 2017 So all those thousands of empty Pattaya Condos are really sold and appreciating 5% each year....Please tell the owner of my rented condo...She has reduced the price and has had it on the market for three years...No takers..... Link to comment Share on other sites More sharing options...
foxboy Posted March 4, 2017 Share Posted March 4, 2017 Who gets excited about a 'potential' 5% yield with no/little hope of capital growth? Not me that's for sure! Link to comment Share on other sites More sharing options...
newnative Posted March 4, 2017 Share Posted March 4, 2017 2 hours ago, little mary sunshine said: So all those thousands of empty Pattaya Condos are really sold and appreciating 5% each year....Please tell the owner of my rented condo...She has reduced the price and has had it on the market for three years...No takers..... There aren't thousands of unsold desirable condos, and those are the only type you should probably buy. Link to comment Share on other sites More sharing options...
elgordo38 Posted March 4, 2017 Share Posted March 4, 2017 50 minutes ago, foxboy said: Who gets excited about a 'potential' 5% yield with no/little hope of capital growth? Not me that's for sure! Pssst Any tips?? Link to comment Share on other sites More sharing options...
elgordo38 Posted March 4, 2017 Share Posted March 4, 2017 They better make sure that the condo comes with a good water supply for years down the road. The same with sewage and garbage. Thailand is not well known for keeping services up to date. Take a garbage tour to the southern part of the country. Link to comment Share on other sites More sharing options...
Allstars Posted March 4, 2017 Share Posted March 4, 2017 12 minutes ago, newnative said: There aren't thousands of unsold desirable condos, and those are the only type you should probably buy. you're right about that, it's pretty difficult to find a desirable condo in Thailand Link to comment Share on other sites More sharing options...
yellowboat Posted March 4, 2017 Share Posted March 4, 2017 9 hours ago, taichiplanet said: How many HK investors have invested? " He said SCB had received a number of queries from its customers in Hong Kong about how to invest ..." That reads to me 'none at all'. Oh no, most have lost out by investing in Thailand as opposed to Hong Kong, since the early 2000's. HK property has gone through the roof. Thailand has not gone nowhere really. Link to comment Share on other sites More sharing options...
trogers Posted March 4, 2017 Share Posted March 4, 2017 Those were purchased made 3-4 years ago. Prices of new launches have gone up, and rents have come down. Gross rental yield has fallen to 3-4% range...good enough to cover the forex risk...? Link to comment Share on other sites More sharing options...
Asiantravel Posted March 4, 2017 Share Posted March 4, 2017 I can't see this latest news helping " investor sentiment " Hundreds Wanting Money Back as Huge Jomtien Project goes Bust http://pattayaone.news/en/jomtien-project-goes-bust/ Link to comment Share on other sites More sharing options...
trogers Posted March 4, 2017 Share Posted March 4, 2017 1 hour ago, Asiantravel said: I can't see this latest news helping " investor sentiment " Hundreds Wanting Money Back as Huge Jomtien Project goes Bust http://pattayaone.news/en/jomtien-project-goes-bust/ Probably a 5-6 year wait for the cycle to bottom out... Link to comment Share on other sites More sharing options...
Ulic Posted March 4, 2017 Share Posted March 4, 2017 Sounds like an article trying to stimulate sales more than a report if investors being happy on getting a 5% ROI. They should continue to market to the Chinese mainlanders who are looking to diverse their investments to outside of China. A hedge against both the Yuan and China "ghost city" second banking economy collapse. The Greek numbers produced to join the EU were bogus and all figures coming from the Chinese government are also extremely suspect. Anyone in China with money is looking to park money outside China. Link to comment Share on other sites More sharing options...
jacko45k Posted March 4, 2017 Share Posted March 4, 2017 So this will not include the project in Jomtiem that recently announced it had gone bankrupt? Link to comment Share on other sites More sharing options...
trogers Posted March 4, 2017 Share Posted March 4, 2017 26 minutes ago, jacko45k said: So this will not include the project in Jomtiem that recently announced it had gone bankrupt? Only a fool would touch off the plans when thousands of completed units are seeking buyers. Link to comment Share on other sites More sharing options...
KittenKong Posted March 5, 2017 Share Posted March 5, 2017 21 hours ago, rooster59 said: Hong Kong investors keen on Thai condos ..... Well, I'm very keen on Bollinger 1976 at GBP800 at bottle but that doesnt mean that I own any or am ever likely to. Link to comment Share on other sites More sharing options...
Asiantravel Posted March 5, 2017 Share Posted March 5, 2017 (edited) 9 hours ago, trogers said: Probably a 5-6 year wait for the cycle to bottom out... and what will contribute to world economic conditions being any better in 5 to 6 years (so that the cycle can bottom out as you say)? Will productivity be any better, will the global debt be any less, will personal debt be any less, will there be any less jobs lost to robotics and technology, will the already 17,000 vacant units already for sale in Pattaya have been sold by then? Edited March 5, 2017 by Asiantravel Link to comment Share on other sites More sharing options...
trogers Posted March 5, 2017 Share Posted March 5, 2017 18 minutes ago, Asiantravel said: and what will contribute to world economic conditions being any better in 5 to 6 years (so that the cycle can bottom out as you say)? Will productivity be any better, will the global debt be any less, will personal debt be any less, will there be any less jobs lost to robotics and technology, will the already 17,000 vacant units already for sale in Pattaya have been sold by then? Economy theory did not postulate that when supply exceed demand by a large margin, a point would be reached that owners will pay you money to take ownership of their properties... I said bottoming out, but I did not predict a steep climb thereafter... Link to comment Share on other sites More sharing options...
Asiantravel Posted March 5, 2017 Share Posted March 5, 2017 14 minutes ago, trogers said: Economy theory did not postulate that when supply exceed demand by a large margin, a point would be reached that owners will pay you money to take ownership of their properties... I said bottoming out, but I did not predict a steep climb thereafter... what if there is no climb at all ? the Japanese real estate market has been in a bear market for more than 20 years Link to comment Share on other sites More sharing options...
Peterw42 Posted March 5, 2017 Share Posted March 5, 2017 14 hours ago, foxboy said: Who gets excited about a 'potential' 5% yield with no/little hope of capital growth? Not me that's for sure! It beats money in the bank and most share yields. Link to comment Share on other sites More sharing options...
trogers Posted March 5, 2017 Share Posted March 5, 2017 11 minutes ago, Asiantravel said: what if there is no climb at all ? the Japanese real estate market has been in a bear market for more than 20 years Landed properties in suburbia have been in a bear market. Apartments and highrise in the cities recovered following fundamentals of yields. The former is primarily due to negative population growth, while the latter is supported by rental demand from locals and foreigners. Link to comment Share on other sites More sharing options...
trogers Posted March 5, 2017 Share Posted March 5, 2017 46 minutes ago, Peterw42 said: It beats money in the bank and most share yields. Most people don't buy shares for their dividends, but to speculate on the knockings at the door of the greater fool... Link to comment Share on other sites More sharing options...
foxboy Posted March 5, 2017 Share Posted March 5, 2017 16 hours ago, elgordo38 said: Pssst Any tips?? lower end condos give a much better return (7 - 9%) you also have the benefit of attracting Thais as well as foreign renters Link to comment Share on other sites More sharing options...
foxboy Posted March 5, 2017 Share Posted March 5, 2017 3 hours ago, Peterw42 said: It beats money in the bank and most share yields. money in the bank is liquid... you try selling a condo quickly in Thailand.. you'd be very lucky to even get your money back if I'm tying money up I definitely want more than a 'potential' (and not guaranteed) 5% Link to comment Share on other sites More sharing options...
newnative Posted March 5, 2017 Share Posted March 5, 2017 15 hours ago, Ulic said: Sounds like an article trying to stimulate sales more than a report if investors being happy on getting a 5% ROI. They should continue to market to the Chinese mainlanders who are looking to diverse their investments to outside of China. A hedge against both the Yuan and China "ghost city" second banking economy collapse. The Greek numbers produced to join the EU were bogus and all figures coming from the Chinese government are also extremely suspect. Anyone in China with money is looking to park money outside China. Quite a few are parking some of their money in Pattaya condos. Link to comment Share on other sites More sharing options...
newnative Posted March 5, 2017 Share Posted March 5, 2017 5 hours ago, foxboy said: money in the bank is liquid... you try selling a condo quickly in Thailand.. you'd be very lucky to even get your money back if I'm tying money up I definitely want more than a 'potential' (and not guaranteed) 5% Yes, money in the bank is liquid and I do have some money in the bank but it only earns me a few dollars a month in interest. Some people can play the stock market and do well but not me. I've done better with real estate in the States and here--and, for me, looking for a good condo to buy is a lot more fun than trying to pick a good stock. But maybe not for everyone. Link to comment Share on other sites More sharing options...
JDMCanuck Posted March 5, 2017 Share Posted March 5, 2017 Sorry not getting it, Return or Return on Investment (R or ROI) is only going to be healthy (apparently 5%) if: 1. Your Gross income minus Expenses (Management, Condo Fees, Taxes, Cash calls for emergencies and Maintenance Issues) = Net Income is 5% of your Total Investment. (Even before the current crackdown on short term rentals, 5% would be impossible) OR: 2. You sell: and after Total Investment - Total Expenses (thats everything including your taxes in your home country, (EVERYTHING) you have a 5% return , (Inflation , I always love it when people take credit for inflation) but this can only be determined after you sell and compute ALL your expenses. The current crop of western reality TV shows always neglects to include ALL expense, but who knows, maybe this Author did. (Highly unlikely but possible) so each individual sale would have to be analyzed. Link to comment Share on other sites More sharing options...
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