Page 1 of 2 12 LastLast
Results 1 to 25 of 28
  1. #1
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97

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

    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

  2. #2
    Newbie sulasno's Avatar
    Join Date
    Oct 2009
    Last Online
    10-12-2012 @ 08:30 PM
    Location
    Thailand
    Posts
    40
    A 60 sqm 2 bedroom near a BTS station is going for 7+ million baht

  3. #3
    Thailand Expat

    Join Date
    Aug 2007
    Last Online
    @
    Location
    Darkside, Pattaya
    Posts
    5,791
    Maybe
    come back and ask the question after the Bangkok Bank agree's to loan you the money.

  4. #4
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    4 millions THB ? it buys you a small 45 sqm studio these days,

  5. #5
    Tonguin for a beer
    Bung's Avatar
    Join Date
    Jun 2006
    Last Online
    25-09-2016 @ 09:58 PM
    Location
    Wat Bung
    Posts
    3,846
    Quote Originally Posted by DonW
    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.

  6. #6
    Sprayed On Member
    The Fresh Prince's Avatar
    Join Date
    Jul 2008
    Last Online
    @
    Location
    Not in the willage
    Posts
    11,684
    If you look around the new skytrain extensions you can get one for that price.

  7. #7
    Banned

    Join Date
    Jun 2011
    Last Online
    14-08-2015 @ 05:39 PM
    Location
    Ex-Pat Refugee in Thailand
    Posts
    9,580
    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?

  8. #8
    Thailand Expat
    buriramboy's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 01:29 AM
    Posts
    11,194
    Quote Originally Posted by Butterfly View Post
    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!!!!!!!

  9. #9
    I am in Jail

    Join Date
    Aug 2012
    Last Online
    11-07-2014 @ 08:15 PM
    Location
    quarantine
    Posts
    2,919
    Quote Originally Posted by buriramboy View Post
    Quote Originally Posted by Butterfly View Post
    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...

  10. #10
    Fuck it
    Satonic's Avatar
    Join Date
    May 2011
    Last Online
    @
    Location
    The city of angels, the great city, the eternal jewel city, the impregnable city of God Indra, etc..
    Posts
    3,113
    Maybe look along the MRT line. I think you'll find a quite decent place along Ratchada in that budget.

  11. #11
    Thailand Expat Jesus Jones's Avatar
    Join Date
    Aug 2008
    Last Online
    22-09-2017 @ 11:00 AM
    Posts
    6,953
    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.

  12. #12
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by Butterfly View Post
    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.

  13. #13
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by The Fresh Prince View Post
    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

  14. #14
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by buriramboy View Post
    Quote Originally Posted by Butterfly View Post
    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.

  15. #15
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by Satonic View Post
    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.

  16. #16
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by Jesus Jones View Post
    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.

  17. #17
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    Quote Originally Posted by The Big Fella View Post
    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.

  18. #18
    Thailand Expat
    Albert Shagnastier's Avatar
    Join Date
    Mar 2012
    Last Online
    22-03-2015 @ 09:09 PM
    Location
    City of Angels
    Posts
    7,166
    Quote Originally Posted by DonW
    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.

  19. #19
    Member
    Join Date
    Sep 2012
    Last Online
    09-10-2012 @ 01:11 AM
    Posts
    97
    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

  20. #20
    Member

    Join Date
    Jun 2012
    Last Online
    26-01-2014 @ 06:58 AM
    Posts
    262
    Why not buy a shophouse, devise the space into units and rent them out, look at Dr. Andy thread, I would.

  21. #21
    Member

    Join Date
    Jun 2012
    Last Online
    26-01-2014 @ 06:58 AM
    Posts
    262
    Why not buy a shophouse, devide the space into units and rent them out, look at the Dr. Andy thread on it, I would.

  22. #22
    Thailand Expat
    Albert Shagnastier's Avatar
    Join Date
    Mar 2012
    Last Online
    22-03-2015 @ 09:09 PM
    Location
    City of Angels
    Posts
    7,166
    ^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)

  23. #23
    Sprayed On Member
    The Fresh Prince's Avatar
    Join Date
    Jul 2008
    Last Online
    @
    Location
    Not in the willage
    Posts
    11,684
    Quote Originally Posted by DonW View Post
    Quote Originally Posted by Jesus Jones View Post
    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.
    Quote Originally Posted by DonW
    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.

  24. #24
    or TizYou?
    TizMe's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 01:30 AM
    Location
    Bonifacio Global City, Taguig
    Posts
    5,701
    Quote Originally Posted by Albert Shagnastier View Post
    ^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

  25. #25
    Thailand Expat
    Albert Shagnastier's Avatar
    Join Date
    Mar 2012
    Last Online
    22-03-2015 @ 09:09 PM
    Location
    City of Angels
    Posts
    7,166
    ^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

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •