2.5 - 4 million condo...where would you buy

[DonW]

If you had between 2.5 to around 4 million for a condo purchase in Bangkok, where would you buy?

Three points to consider would be that the condo must not be 'off plan' also, it needs to be in an area where it has potential to be let to an expat and finally I'd like, if at all possible, to have 2 bedrooms (one of which can be quite small).

Thanks and appreciate your thoughts on that.

Lastly, does anyone know if the Bangkok Bank still does mortgages to farangs with Thai partners? Years ago it used to but the mortgage was out of the Singapore office.

Cheers

[sulasno]

A 60 sqm 2 bedroom near a BTS station is going for 7+ million baht

[Fondles]

Maybe
come back and ask the question after the Bangkok Bank agree's to loan you the money.

[Butterfly]

4 millions THB ? it buys you a small 45 sqm studio these days,

[Bung]

needs to be in an area where it has potential to be let to an expat

Don't forget to form a company, pay taxes and get a work permit if you are thinking of earning a rental income here.

They are cracking down on it.

[The Fresh Prince]

If you look around the new skytrain extensions you can get one for that price.

[ltnt]

Why do you want to buy? How long have you been in Thailand? How long do you plan to stay? As a rental income? Home base?

[buriramboy]

4 millions THB ? it buys you a small 45 sqm studio these days,

I used to live out on the Ratanatibet Road, just down from the mall at Ngam Wang Won, private estate, had a massive 3 bed condo and they used to go for only 2 - 2.5 mill baht, the 2 bed ones went for 1.5 million baht. Am going back 10 years though!!!!!!!

[alitongkat]

4 millions THB ? it buys you a small 45 sqm studio these days,

I used to live out on the Ratanatibet Road, just down from the mall at Ngam Wang Won, private estate, had a massive 3 bed condo and they used to go for only 2 - 2.5 mill baht, the 2 bed ones went for 1.5 million baht. Am going back 10 years though!!!!!!!

get a rabies vaccination before arrival...

amongst many other things...

[Satonic]

Maybe look along the MRT line. I think you'll find a quite decent place along Ratchada in that budget.

[Jesus Jones]

At present you can buy some condos on Phetkasem road for that price, near Siam University. Not sure of bedrooms though. The prices will shoot up soon as the new BTS will be completed within the next four years.

[DonW]

4 millions THB ? it buys you a small 45 sqm studio these days,

How things have changed in the last 10 years! Thanks for the post.

[DonW]

If you look around the new skytrain extensions you can get one for that price.

Which areas are you thinking Pal? Keeping in mind that I may wish to put it on short term (6 month rents later on).

Cheers

[DonW]

4 millions THB ? it buys you a small 45 sqm studio these days,

I used to live out on the Ratanatibet Road, just down from the mall at Ngam Wang Won, private estate, had a massive 3 bed condo and they used to go for only 2 - 2.5 mill baht, the 2 bed ones went for 1.5 million baht. Am going back 10 years though!!!!!!!

Yeh, that is my timeline too. I lived in Thailand 10 years ago - in BKK and back then 4 mill would geta nice place.

Ah well.

Cheers Buriramboy.

[DonW]

Maybe look along the MRT line. I think you'll find a quite decent place along Ratchada in that budget.

Thanks Satonic, I will look into it.

[DonW]

At present you can buy some condos on Phetkasem road for that price, near Siam University. Not sure of bedrooms though. The prices will shoot up soon as the new BTS will be completed within the next four years.

Great stuff, appreciate it. I'll look into that also and ask the Mrs to have a butchers as she is there now.

[DonW]

If you are as you say worth 1 MILLION DOLLARS then why such a cheapskate condo ?

Well, it won't be my main residence as we have a home on the eastern seaboard. I don't want to tie up much capital in it. As I said, I want to buy it on mortgage also hence the possibility of renting it also.

Number one rule, where possible use someone else's money. I do the same in the UK with rental properties, always a buy to let with minimal deposit.

[Albert Shagnastier]

If you had between 2.5 to around 4 million for a condo purchase in Bangkok, where would you buy?

soi 26 (sois off it)
Soi 13 (Sukhumvit Suites)
Soi 4 (Omni Tower)
Wittayu Road (Wittayu Complex)

Also, craiglsist bangkok and baht sold have plenty of people fire sale - ing their condos to raise more poony money and selling cheap.

[DonW]

Thanks Albert, I'll add that to wifey's list.

Unfortunately neither of us or any of our Thai friends / family no bangkok well so all the input is appreciated.

Cheers

[Wizard of Oz]

Why not buy a shophouse, devise the space into units and rent them out, look at Dr. Andy thread, I would.

[Wizard of Oz]

Why not buy a shophouse, devide the space into units and rent them out, look at the Dr. Andy thread on it, I would.

[Albert Shagnastier]

^IMO shophouses are a waste of money. The shape is shit (long but narrow) and you lose the usefulness of the top floor due to the incredible heat here. I rent one off sukhumvit for business, and if you go to the top floor in the afternoon it's about 37 degrees. Sure you can aircondition it, but it costs a bomb. Also don't forget Bangkok's flooding, you may lose both the top floor and the ground floor (during the rainy season)

[The Fresh Prince]

At present you can buy some condos on Phetkasem road for that price, near Siam University. Not sure of bedrooms though. The prices will shoot up soon as the new BTS will be completed within the next four years.

Great stuff, appreciate it. I'll look into that also and ask the Mrs to have a butchers as she is there now.

Which areas are you thinking Pal? Keeping in mind that I may wish to put it on short term (6 month rents later on).

I was thinking in the same direction as Jesus Jones said.

I haven't checked the prices but there are loads of new places popping up around the Thon buri, Wongwein Yai stations.

[TizMe]

^IMO shophouses are a waste of money. The shape is shit (long but narrow) and you lose the usefulness of the top floor due to the incredible heat here. I rent one off sukhumvit for business, and if you go to the top floor in the afternoon it's about 37 degrees. Sure you can aircondition it, but it costs a bomb. Also don't forget Bangkok's flooding, you may lose both the top floor and the ground floor (during the rainy season)

Turn the roof into a shaded deck solves the heat in the top floor problem. Much cheaper than A/C

[Albert Shagnastier]

^Most Bangkok shophouses have leaking flat roofs that can't be accessed and built on without considerable greif and permissions. Sure it can be done, but seems like a waste of kinetic energy to me