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Pattaya, Jomtien Condo Sales and Rentals Pattaya based Real estate Agent. For all your condo needs, whether buying, selling or Renting.

View Poll Results: The Prices of Condos will
Go Down 13 48.15%
Remain the Same 3 11.11%
Continue to Rise 11 40.74%
Voters: 27. You may not vote on this poll

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Old 16-05-2007, 12:19 AM   #1 (permalink)
Pattaya Condo King
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Price Direction
With all the recent hicups in Thailand many people are now cautious about the property market. What about the basic condo market where the laws are a bit more forgiving.....

Post your comments on the future of the condo market and prices!
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Old 16-05-2007, 12:52 AM   #2 (permalink)
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I dont care what happens.
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Old 16-05-2007, 05:27 PM   #3 (permalink)
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Keep going up, well unless they change the laws on foreign ownership
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Old 16-05-2007, 05:51 PM   #4 (permalink)
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new or old??
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Old 16-05-2007, 06:27 PM   #5 (permalink)
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going flat eventually
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Old 16-05-2007, 06:34 PM   #6 (permalink)
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They have been going up for the last 15 16 years, 15 years ago I thought they were expensive considering what the average salary is in Pattaya, ie for the locals, then again a nice second hand car costs more than a house here, weird country.
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Old 16-05-2007, 06:56 PM   #7 (permalink)
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^ wrong. 15 years ago they were expensive, and then 10 years ago, they were cheap and then they are expensive again today. But tomorrow ? don't bet on it DD
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Old 16-05-2007, 09:29 PM   #8 (permalink)
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Although it's a salient topic ...who ITF is this condo king. One post and it's poll!
Shit I've got more than that and still haven't figured how to work a poll.

I smell fish!

This area of the forum is the only place that gets really weird.
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Old 16-05-2007, 10:17 PM   #9 (permalink)
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Condo King has a company here in Pattaya specialising in Condos

It really isn't that difficult to make a poll, even old people can do it
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Old 17-05-2007, 09:50 AM   #10 (permalink)
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^I suppose I should practice in the kiddie corner.

My understanding is that condos in Pattaya are generally undervalued in comparison to say the Bangkok market.

VT6 was selling for around 50k per sqm. Now asking prices seem to be around 60-65k per sqm.
What does 65k per sqm get in Bangkok?

What I'd also like to know is what is what markets are moving now.
Are mid-range condos selling? (3-5 million)
How about the up-market? (10+million?)
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Old 17-05-2007, 10:12 AM   #11 (permalink)
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Quote:
Originally Posted by Mr Earl
My understanding is that condos in Pattaya are generally undervalued in comparison to say the Bangkok market.
Not anymore, it's more expensive than Bangkok now.

Quote:
Originally Posted by Mr Earl
VT6 was selling for around 50k per sqm. Now asking prices seem to be around 60-65k per sqm.
What does 65k per sqm get in Bangkok?
A pretty good location with access to BTS.
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Old 17-05-2007, 11:48 AM   #12 (permalink)
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Quote:
Originally Posted by Mr Earl
Although it's a salient topic ...who ITF is this condo king. One post and it's poll! Shit I've got more than that and still haven't figured how to work a poll. I smell fish! This area of the forum is the only place that gets really weird.
I agree with you on this one MrEarl, somehow the question and the OP's chosen nick doesn't really match..

Next we will see DD making a poll of the correct proportion of stone, sand, cement, and water when making concrete...
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Old 17-05-2007, 08:21 PM   #13 (permalink)
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Hi EarlSorry to have butted into the scene - but I thought starting a poll woud be a good way to kick start the condo scene off from my end.Currently only a few votes but most say its going up!Generally the condo market has suffered recently but nowhere near as much as the housing market!The main thing I feel with the predominantely foreign condo market is that most condos are purchased with 'spare' cash as opposed to being tied on finance.... therefore if the market hits a bump or two - most people will sit it out as they are not worrying about defaulting on finance as you may be with a second home in the West.So I GUESS - things will continue to be dull until they turn around and then the prices will increase further.Watch this space!!!
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Old 17-05-2007, 09:44 PM   #14 (permalink)
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My guess it will fall flat on it's face. I've watched the pattaya market for over 9 years and feel that the prices have only risen because of foreign developers.
Once they go it will stabilise at pre97 prices.
And they will go because there is no foreign money coming in any more. And Thailand does not want them, neither do I.
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Old 17-05-2007, 10:42 PM   #15 (permalink)
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Quote:
Originally Posted by Ban Saray
feel that the prices have only risen because of foreign developers.
Well they do have a habit of not making a tiny little condo look like a prison shack.

Quote:
Originally Posted by Ban Saray
And they will go because there is no foreign money coming in any more
Thank fok for experts like you to warn us of this, so why aint the prices going down then Mr Ban Saray expert?
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Old 17-05-2007, 11:18 PM   #16 (permalink)
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They will when the well dries, just like they did 10 years ago
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Old 17-05-2007, 11:31 PM   #17 (permalink)
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Jees you wern't even here then, care to quote some statistics then mr expert?
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Old 17-05-2007, 11:32 PM   #18 (permalink)
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You have stated that prices went down 10 years ago, I don't remember that but wasn't interested at the time, obviously you were, so tell us about it and how it went down.
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Old 17-05-2007, 11:34 PM   #19 (permalink)
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Or are you jumping on the ladyboy lover butterflys shirt tails and talking about Bangkok.
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Old 17-05-2007, 11:58 PM   #20 (permalink)
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I was working in Pattaya in 1997, the baht crash caused a lot of overfinanced people to go to the wall, many of them had made loans on property that was overpriced.
There were a lot of cheap properties for sale for a couple of years after that, thats when a lot of developers moved in, which is what they do, that's business.
I am not a statitician or one for figures, but feel free to look up some historical news items. Condos were around 400 to 500k then, same condo today would prbably fetch 1.5-2 M.

And I forgot to say earlier i am not warning anybody just stating what i think will happen, I'm not a guru, I'm not a financial forcaster, but I do believe in historical cycles whn it come to money.

Do you remember the crash in Australia in 86?

I don't know what's got up your skirt mate, but interesting to read and keeps me awake.
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