funandsuninbangkok Posted September 30, 2017 Author Share Posted September 30, 2017 Sukothai residences have still not all sold and they were finished in 2009. Failed project. Link to comment Share on other sites More sharing options...
funandsuninbangkok Posted September 30, 2017 Author Share Posted September 30, 2017 Bruhahahahaha!!!!! https://www.bloomberg.com/news/articles/2017-09-29/hong-kong-deep-in-danger-zone-of-nomura-early-crisis-alert-gauge hong kong china THAILAND top three picked to blow up ! Link to comment Share on other sites More sharing options...
Naam Posted September 30, 2017 Share Posted September 30, 2017 43 minutes ago, funandsuninbangkok said: Bruhahahahaha!!!!! https://www.bloomberg.com/news/articles/2017-09-29/hong-kong-deep-in-danger-zone-of-nomura-early-crisis-alert-gauge hong kong china THAILAND top three picked to blow up ! The findings don’t mean there will be a crisis. “It’s not a purely scientific approach that is very precise,” Singapore-based analyst Rob Subbaraman said by phone on Friday. “It doesn’t mean that indicators are always accurate or that because they have worked in the past they will work in the future.” Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 (edited) looking bad, I didn't believe you before funandsun, after all you made some pretty silly statements but now you've published an internet report from an "expert" so now it's official and thailand and many other countries are extremely soon going to have a financial crash. congratulations funandsun, you got it right you were right all along, you're a very smart guy, after all you told all of us this was going to happen and now an "internet report" has confirmed this, very sorry for thinking you were printing nonsense for your own selfish agenda. yes you did claim sansiri were only in profit because they raised maintenance fees for condo owners, which only goes to prove that even someone with a great mind like funandsun can make incredibly stupid comments. Edited September 30, 2017 by hugh mckee Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 1 hour ago, funandsuninbangkok said: Bruhahahahaha!!!!! https://www.bloomberg.com/news/articles/2017-09-29/hong-kong-deep-in-danger-zone-of-nomura-early-crisis-alert-gauge hong kong china THAILAND top three picked to blow up ! looking bad, I didn't believe you before funandsun, after all you made some pretty silly statements but now you've published an internet report from an "expert" so now it's official and thailand and many other countries are extremely soon going to have a financial crash. congratulations funandsun, you got it right you were right all along, you're a very smart guy, after all you told all of us this was going to happen and now an "internet report" has confirmed this, very sorry for thinking you were printing nonsense for your own selfish agenda. yes you did claim sansiri were only in profit because they raised maintenance fees for condo owners, which only goes to prove that even someone with a great mind like funandsun can make incredibly stupid comments. 1 1 Link to comment Share on other sites More sharing options...
Naam Posted September 30, 2017 Share Posted September 30, 2017 On 3/9/2017 at 2:32 AM, bangkokorbust said: The biggest losers in the Thailand property market are the British. Always always screaming from a bar stool do NOT buy in Thailand. Buy back home and live off the rent. I truly believe that it's karma whats happened to the sterling. Any brit with half a brain would have bough in the country he has retired in and here is the thing.. Any brit that had bought 5 to 10years ago could have sold even at a loss and converted Baht back to STERLING and made a 40 %killing on exchange rate alone! Hahaha I love it.. So instead a massive profit they have taken a 40% hit... In the other direction lol you got the facts right, but what is there to love? Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 2 hours ago, funandsuninbangkok said: Bruhahahahaha!!!!! https://www.bloomberg.com/news/articles/2017-09-29/hong-kong-deep-in-danger-zone-of-nomura-early-crisis-alert-gauge hong kong china THAILAND top three picked to blow up ! Thanks. Will check if info is supported by other sources. Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 1 hour ago, trogers said: Thanks. Will check if info is supported by other sources. thanks??? what do you mean trogers thanks I'll post a hundred similar type recent news reports which say that Thailand's economy is doing fine and contradict what the idiot funinsun posted. the desperation from trogers and funinsun for a crash in thailand property is despicable, this thread started at the beginning of this year with a similar report posted from funinsun from 2016, he and you trogers are still waiting. Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 1 hour ago, trogers said: Thanks. Will check if info is supported by other sources. if you read this recent report from the governor of the bank of thailand and his colleagues then it maybe gives a clearer picture that the one from the experts trogers and funinsun. yes they are aware of the dangers caused by oversupply and basically people trying to make money out of new condos but the last paragraph contains...."This sentiment was supported by Chansak Fuangfu, a director and senior executive Vice President at Bangkok Bank who said he doubted whether a property bubble in the market would develop as there was currently less demand for property. " who do we believe internet experts like trogers and funinsun or a chief executive at bangkok bank and the governor of the bank of thailand?.....the report says there has been unfounded speculation for the last few years, my god has funinsun and trogers been praying for a crash for that long? yes a bubble in property remains a risk but things continuing as they are or improving is also a risk too.......for trogers and funinsun that is "The Bank of Thailand governor indicated that the bank was aware of speculation in the Thai property sector but stressed that Thailand’s economy was in far better shape than it was prior to the 1997 crash. Today Thailand has a current account surplus of 35 billion US dollars accounting for 9% of Gross Domestic Product and has a public debt which is only 44% of GDP. " "The fall of Thailand’s property market, speculated on for the last few years, has not materialised. Despite a sluggish economy with reduced growth, there is continued interest in property in Thailand particularly in Bangkok from foreigners and in particular those in the Asian region. But it is focused exclusively at the high end of the market. " " A executive Vice President with Bank of Ayudhya, Nathapol Luepromchai, said that it was clear that the Thai Central Bank was sending a warning to developers who have been in process of developing condominium complexes along the route of proposed mass transit systems being driven by Thai government and urban authorities. The executive Vice President went further and suggested that it was possible that an over supply of such condominium units may exist or develop in the future as some existing projects seem to be facing headwinds. He pointed out that potential purchasers of such properties may be rethinking their position as the sluggish economy is causing confidence levels to drop. This sentiment was supported by Chansak Fuangfu, a director and senior executive Vice President at Bangkok Bank who said he doubted whether a property bubble in the market would develop as there was currently less demand for property. " Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 (edited) this from the financial times from 8 weeks ago, now personally I prefer to read what they are saying as compared to trogers and funandsun Foreign buyers lift Thai property market from doldrums Demand led by Hong Kong and China helps counter sluggish domestic growth "Wealthy Asian nationals have snapped up Thai apartments in soaring numbers in a sign of how foreign money is lifting sluggish property markets in the region" https://www.ft.com/content/5c3e125a-6de8-11e7-bfeb-33fe0c5b7eaa?mhq5j=e6 Edited September 30, 2017 by hugh mckee Link to comment Share on other sites More sharing options...
inThailand Posted September 30, 2017 Share Posted September 30, 2017 Those of us who lived here for decade(s) don't need a self serving lying Thai development company to tell us sales are booming. Phuket is dying a slow painful death. Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 31 minutes ago, hugh mckee said: thanks??? what do you mean trogers thanks I'll post a hundred similar type recent news reports which say that Thailand's economy is doing fine and contradict what the idiot funinsun posted. the desperation from trogers and funinsun for a crash in thailand property is despicable, this thread started at the beginning of this year with a similar report posted from funinsun from 2016, he and you trogers are still waiting. Useful for my present consideration as to whether to sell my apartment in HK. Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 1 minute ago, trogers said: Useful for my present consideration as to whether to sell my apartment in HK. you're a wealthy man trogers, enjoy your life, the cemeterys are full of very rich people, unhealthy to be so obsessed by money Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 11 minutes ago, hugh mckee said: if you read this recent report from the governor of the bank of thailand and his colleagues then it maybe gives a clearer picture that the one from the experts trogers and funinsun. yes they are aware of the dangers caused by oversupply and basically people trying to make money out of new condos but the last paragraph contains...."This sentiment was supported by Chansak Fuangfu, a director and senior executive Vice President at Bangkok Bank who said he doubted whether a property bubble in the market would develop as there was currently less demand for property. " who do we believe internet experts like trogers and funinsun or a chief executive at bangkok bank and the governor of the bank of thailand?.....the report says there has been unfounded speculation for the last few years, my god has funinsun and trogers been praying for a crash for that long? yes a bubble in property remains a risk but things continuing as they are or improving is also a risk too.......for trogers and funinsun that is "The Bank of Thailand governor indicated that the bank was aware of speculation in the Thai property sector but stressed that Thailand’s economy was in far better shape than it was prior to the 1997 crash. Today Thailand has a current account surplus of 35 billion US dollars accounting for 9% of Gross Domestic Product and has a public debt which is only 44% of GDP. " "The fall of Thailand’s property market, speculated on for the last few years, has not materialised. Despite a sluggish economy with reduced growth, there is continued interest in property in Thailand particularly in Bangkok from foreigners and in particular those in the Asian region. But it is focused exclusively at the high end of the market. " " A executive Vice President with Bank of Ayudhya, Nathapol Luepromchai, said that it was clear that the Thai Central Bank was sending a warning to developers who have been in process of developing condominium complexes along the route of proposed mass transit systems being driven by Thai government and urban authorities. The executive Vice President went further and suggested that it was possible that an over supply of such condominium units may exist or develop in the future as some existing projects seem to be facing headwinds. He pointed out that potential purchasers of such properties may be rethinking their position as the sluggish economy is causing confidence levels to drop. This sentiment was supported by Chansak Fuangfu, a director and senior executive Vice President at Bangkok Bank who said he doubted whether a property bubble in the market would develop as there was currently less demand for property. " Danger that I have pointed out is not in speculation by buyers. Danger lies in speculation and overbuilding by public listed developers using borrowed funds. There is no mechanism to penalize building up large unsold inventory in Thailand, unlike in Singapore. Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 19 minutes ago, hugh mckee said: you're a wealthy man trogers, enjoy your life, the cemeterys are full of very rich people, unhealthy to be so obsessed by money Nothing to do with being obsessed with money. More to do with exercising the brain since I am retired. Lots of time for play, but would make Jack a dull boy. Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 31 minutes ago, trogers said: Danger that I have pointed out is not in speculation by buyers. Danger lies in speculation and overbuilding by public listed developers using borrowed funds. There is no mechanism to penalize building up large unsold inventory in Thailand, unlike in Singapore. Example of penalty on unsold inventory Link to comment Share on other sites More sharing options...
inThailand Posted September 30, 2017 Share Posted September 30, 2017 2 minutes ago, trogers said: Example of penalty on unsold inventory Developers purposely building up unsold properties! What are you smoking? Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 46 minutes ago, trogers said: Danger that I have pointed out is not in speculation by buyers. Danger lies in speculation and overbuilding by public listed developers using borrowed funds. There is no mechanism to penalize building up large unsold inventory in Thailand, unlike in Singapore. overbuilding? despite what your friend funand sun posted about the results of the major house construction companies in thailand vitually all of them had a very health balance sheet....this despite the recent turmoil in Thailand's history including military coup and the death of their beloved king. Thailand overcomes these isses as their foundations are strong. in my country UK, there is a massive problem with not nearly enough properties being built, maybe for thailand's future in the next 10, 20. 30 years maybe it is not so such a bad thing they have construction companies overly keen??? to build new homes. Link to comment Share on other sites More sharing options...
inThailand Posted September 30, 2017 Share Posted September 30, 2017 Just now, hugh mckee said: overbuilding? despite what your friend funand sun posted about the results of the major house construction companies in thailand vitually all of them had a very health balance sheet....this despite the recent turmoil in Thailand's history including military coup and the death of their beloved king. Thailand overcomes these isses as their foundations are strong. in my country UK, there is a massive problem with not nearly enough properties being built, maybe for thailand's future in the next 10, 20. 30 years maybe it is not so such a bad thing they have construction companies overly keen??? to build new homes. Let me guess.... your trying to unload a bad property investment to some newbie who is naive enough to believe that it's a good and safe investment? Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 21 minutes ago, inThailand said: Let me guess.... your trying to unload a bad property investment to some newbie who is naive enough to believe that it's a good and safe investment? ah, you guys are too clever, of course that's what I'm doing..............can't fool you guys???? on the otherhand, I have only ever bought property to live in, as my home, not lucky enough like you "big shot" guys on here who have their portfolio of numerous "property investments" for me a house is a home.............................am I so wrong? Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2017 Share Posted September 30, 2017 45 minutes ago, inThailand said: Developers purposely building up unsold properties! What are you smoking? Yes, when a company tells you they have Bt20b of unsold stocks and then says they planned to launch Bt21b of new projects...you would pause to think... 2 Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 http://www.bangkokpost.com/news/general/1317747/rapid-rail-link-to-rayong-set-for-2023 ok there may be rude or derogatory comments about this but thailand fully intends to have "japanese style" bullet trains in operation by 2023, linking airports, commuters and Bangkok to the coast, this puts the eastern seaboard in commuting distance of bangkok, this is a partnership with japan and their expertise will of course be invaluable so please no comments about Thailand's inability to succesfully complete this. there's even rumours there will be casinos in Pattaya in the future, yes that one unlike the bullet train is just a rumour but with a one hour train planned linking Pattaya to Bangkok in 2023, I'd say now could actually be a good time to buy a condo in Pattaya where prices are less than half that of bangkok, yes 6 years sounds like a long time but they will be marketing properties on the strength of this very soon I'd imagine. sorry to the doomsday guys on here for being positive but as I'm planning on spending my UK winters in Thailand for what years I have left it's nice to read positive stories on Thailand and not the constant negative bullshit the guys on here desperate for a property crash write. Link to comment Share on other sites More sharing options...
JohnLick Posted September 30, 2017 Share Posted September 30, 2017 (edited) 10 hours ago, hugh mckee said: looking bad, I didn't believe you before funandsun, after all you made some pretty silly statements but now you've published an internet report from an "expert" so now it's official and thailand and many other countries are extremely soon going to have a financial crash. congratulations funandsun, you got it right you were right all along, you're a very smart guy, after all you told all of us this was going to happen and now an "internet report" has confirmed this, very sorry for thinking you were printing nonsense for your own selfish agenda. man you are probably the most biased guy in this thread... your ass is shaking for the boom to continue because you bought (likely overpriced) project that is still just on paper On 9/29/2017 at 8:21 PM, hugh mckee said: I know buying my condo was risky, bad value and possibly not too smart but my condo building is now 70% complete and 90% sold, great location, 50 yards from a nice quiet beach, hopefully and most likely I will be fine 4 hours ago, hugh mckee said: ok there may be rude or derogatory comments about this but thailand fully intends to have "japanese style" bullet trains in operation by 2023, linking airports, commuters and Bangkok to the coast 1st - bangkokpost links are not allowed here so the mods will delete your post anytime 2nd - Thais intend to be the masters of universe and also Thal language is to become #1 language in the world as current prime minister said... Edited September 30, 2017 by JohnLick Link to comment Share on other sites More sharing options...
inThailand Posted September 30, 2017 Share Posted September 30, 2017 5 hours ago, trogers said: Yes, when a company tells you they have Bt20b of unsold stocks and then says they planned to launch Bt21b of new projects...you would pause to think... Yes I agree with this comment. And maybe the number of unsold units is actually greater than reported? Link to comment Share on other sites More sharing options...
hugh mckee Posted September 30, 2017 Share Posted September 30, 2017 (edited) 2 hours ago, JohnLick said: man you are probably the most biased guy in this thread... your ass is shaking for the boom to continue because you bought (likely overpriced) project that is still just on paper you paid your electric bill yet johnlick in your "high end" condo? what boom? all you guys talk of is a crash? and let me worry if I bought an overpriced condo, even if I have? I'm proud to be able to buy my dream holiday home and can guarantee you this without uncertainty I will always be able to pay my electric bill. this forum is just full of guys who badmouth Thailand, why don't you guys just go back home if thailand is such a bad place, the superior attititude of some of the guys on here to the Thai people and their derogatory comments on Thailand is bordering on racism, yet I bet the same guys badmouth their own country folk equally and use that to justify the reason they are in Thailand. your bullshit comment Johnlick below sums you up as a person, yesterday you were claiming you live in an affluent area when you don't as if anyone cares whilst badmouthing your Thai neighbours, now you're making snide comments about Thailand........why don't you go back home, from reading your posts of yesterday and today you obviously detest Thailand and it's people! " Thais intend to be the masters of universe and also Thal language is to become #1 language in the world as current prime minister said.. " Edited September 30, 2017 by hugh mckee 1 Link to comment Share on other sites More sharing options...
Naam Posted September 30, 2017 Share Posted September 30, 2017 11 hours ago, hugh mckee said: the desperation from trogers and funinsun for a crash in thailand property is despicable, this thread started at the beginning of this year with a similar report posted from funinsun from 2016, he and you trogers are still waiting. i am waiting since more than a dozen years that hundreds of thaivisa wet dream forecasts, e.g. "Thailand's economy soon in deep shàit" and "the Baht will fall into the abyss any time from now" materialise. Link to comment Share on other sites More sharing options...
Naam Posted October 1, 2017 Share Posted October 1, 2017 9 hours ago, hugh mckee said: for me a house is a home.............................am I so wrong? no, you are quite correct. 1 Link to comment Share on other sites More sharing options...
trogers Posted October 1, 2017 Share Posted October 1, 2017 5 hours ago, Naam said: i am waiting since more than a dozen years that hundreds of thaivisa wet dream forecasts, e.g. "Thailand's economy soon in deep shàit" and "the Baht will fall into the abyss any time from now" materialise. A crisis in the stock market, namely, defaults in debentures, would not lead to a Baht crisis. Just lots of lenders to public listed companies get burnt and unsold inventory goes to the auction block. Thai banks would get just a sneeze. Link to comment Share on other sites More sharing options...
inThailand Posted October 1, 2017 Share Posted October 1, 2017 Isn't the biggest problem other than ownership (except FF condos) is liquidity? There are just not many buyers and overtime more for sale. Supply is far greater than demand. And this trend doesn't seem to be changing anytime soon. Link to comment Share on other sites More sharing options...
Naam Posted October 1, 2017 Share Posted October 1, 2017 10 minutes ago, inThailand said: Isn't the biggest problem other than ownership (except FF condos) is liquidity? There are just not many buyers and overtime more for sale. Supply is far greater than demand. And this trend doesn't seem to be changing anytime soon. does that worry you? Link to comment Share on other sites More sharing options...
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