Page 1 of 6 123456 LastLast
Results 1 to 25 of 137
  1. #1
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832

    Property Market in Thailand: a sad joke ???

    We all want to move to Thailand and the first thing we want to do is to buy a house. Now Thailand is cheap when it comes to building a house (with poor standard I might add) but the land I am starting to realize is fucking overpriced !!! some huge land properties sell as much a NY apartment or even a Bel Air small mansion.

    Are the Thai overpaying for their land ? Bangkok is a dump and they expect us to pay 150 million baht for 4 rai property ???

    Has Thailand become overpriced for properties when you go to the "high market" ?

    I won't even mention Pattaya where everyone is building and buying like crazy. Beach front land is 20,000 baht/sq. wa

    Isn't that too much for swimming with oil tankers ?

    can't get any decent land here. Damn !!!
    Last edited by Butterfly; 23-05-2006 at 05:22 PM.

  2. #2
    Aspiring Guru
    poolcleaner's Avatar
    Join Date
    Jun 2005
    Last Online
    27-07-2006 @ 09:21 PM
    Location
    pratunam
    Posts
    4,456
    I agree with your sentiments
    Last edited by poolcleaner; 23-05-2006 at 05:28 PM.

  3. #3
    Thailand Expat
    Join Date
    Jan 2006
    Last Online
    @
    Posts
    60,017
    its gonna hurt i know .........

    which of the words in the title is an obsenicty poolie?

    market? property ?

    i dont understand.

  4. #4
    Dis-member
    Dougal's Avatar
    Join Date
    Nov 2005
    Last Online
    01-11-2019 @ 04:44 PM
    Location
    Head Rock
    Posts
    3,507
    I believe it's called 'Supply and Demand'

    Apart frorm wanting somewhere to live people buy property because they see a potential future return on their investment. Presumably the herd instinct at the moment is that prices will continue to rise.

  5. #5
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 12:36 PM
    Posts
    17,382
    Quote Originally Posted by Butterfly
    Beach front land is 20,000 baht/sq. wa
    Way too cheap man!! Over 200,000 minimum on the beach. I have never understood it either, but it hasnt changed since I have been here, the land has only gone up in value. Sure in the last crash things cooled off but land is over valued here, and will continue to be so. I have about 1/8 of an acre, its considered big and is worth over 4 million baht.

    No its not New York or Bel air prices but its damn high compared to the average place.

    And no I cant defend it, because I dont understand it but it seems to be the way it is.

  6. #6
    Thailand Expat
    DrAndy's Avatar
    Join Date
    Nov 2005
    Last Online
    25-03-2014 @ 05:29 PM
    Location
    yes
    Posts
    32,028
    simple stuff my fellow forummers

    it is called supply and demand

    if there are people who will pay those prices, then that is what the land is worth. Someone comes from overseas with their pockets stuffed with cash and wants to live next to the sea, he will pay those inflated prices.

    If you are smart, and look around a little, you can find much cheaper land near the sea, and not overcrowded with tourists. It is up to you; if you like to live in a "mature" land area, then you have to pay the premium. if you are a pioneer in some area, you pay less, and maybe your land value will rise in the future when others realise it is a nice area.

    so no point in complaining, it is the same the world over. You have the choice.
    I have reported your post

  7. #7
    Mhz
    Mhz is offline
    Single and Happy
    Mhz's Avatar
    Join Date
    Jan 2006
    Last Online
    10-12-2007 @ 12:44 PM
    Posts
    2,009
    Quote Originally Posted by Butterfly
    We all want to move to Thailand and the first thing we want to do is to buy a house. Now Thailand is cheap when it comes to building a house (with poor standard I might add) but the land I am starting to realize is fucking overpriced !!! some huge land properties sell as much a NY apartment or even a Bel Air small mansion.

    Are the Thai overpaying for their land ? Bangkok is a dump and they expect us to pay 150 million baht for 4 rai property ???

    Has Thailand become overpriced for properties when you go to the "high market" ?

    I won't even mention Pattaya where everyone is building and buying like crazy. Beach front land is 20,000 baht/sq. wa

    Isn't that too much for swimming with oil tankers ?

    can't get any decent land here. Damn !!!
    The good thing about land is that its value doesn't depriciate(sp?) unlike other assets.So if you buy once then you can expect a higher return when selling.

  8. #8

    R.I.P.


    dirtydog's Avatar
    Join Date
    Jun 2005
    Last Online
    @
    Location
    Pattaya Jomtien
    Posts
    58,774
    My land has gone up by about 50 percent in the last 10 months judging by the prices my neighbours are getting, bu then again the land office didn't believe the price I paid anyway

  9. #9
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    Quote Originally Posted by DrAndy
    If you are smart, and look around a little, you can find much cheaper land near the sea, and not overcrowded with tourists. It is up to you; if you like to live in a "mature" land area, then you have to pay the premium. if you are a pioneer in some area, you pay less, and maybe your land value will rise in the future when others realise it is a nice area.
    Not smart at all. Build your house in an isolated area and you will have people like stroll and your local neighboors stripping your house for free materials when you are not there.

  10. #10
    Thailand Expat
    DrAndy's Avatar
    Join Date
    Nov 2005
    Last Online
    25-03-2014 @ 05:29 PM
    Location
    yes
    Posts
    32,028
    possibly true, but I did not say isolated, I meant somewhere unpopular (with foreigners) but with a community.

    Like near Trat, the seaside is still relatively cheap, and some is beautiful. There is little tourist infrastucture, except around LangNop, so it is not so easy to live a farang style life.

  11. #11

    R.I.P.


    dirtydog's Avatar
    Join Date
    Jun 2005
    Last Online
    @
    Location
    Pattaya Jomtien
    Posts
    58,774
    A plot of land on the beach in Chantaburi that was 100 sq wah sold end of last year for just over 100,000baht, just a few fishermans houses there, no mcdonalds or gogo bars though

  12. #12
    Thailand Expat
    DrAndy's Avatar
    Join Date
    Nov 2005
    Last Online
    25-03-2014 @ 05:29 PM
    Location
    yes
    Posts
    32,028
    exactly DD, but if you want to live in the overpopulated tourist areas...

    pay more

  13. #13
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    You can buy beach land accross Kho Samui island for as little as 2000 baht/sq wa

    I was thinking about buying with a friend for 6 Rai (12M THB) but it's too fucking far. A nightmare to follow construction.

    DD 10,000 baht for a sq wa, that's OK, not too bad but in those villages it should be more like 5000 baht, but again locals have those unrealistic expectations

  14. #14
    Northern Hermit
    friscofrankie's Avatar
    Join Date
    Jul 2005
    Last Online
    @
    Location
    Chiangmai, Thailand
    Posts
    7,526
    Thais typicaly ask way too much for their land, what they get is entirely up to the market just like anywhere. mostly I see overpriced land beig available for years and years. Many Thais are willing to sit on the land until someone comes along willing to pay the price; others, willing to negotiate. I've seen cases where they were asking 10k/TW for residential land here; first offer of 5k was accepted. Places like Pattaya, Hua hin, BKK where there is a lot of new residents from europe and the americas, money is more plentiful, prices are met. You wanna lived there, you gotta deal with that.
    Be nice if you could buy land in Trat and move it where yu wanted wouldn't it?
    When the people fear their government, there is tyranny; when the government fears the people, there is liberty -- T. Jefferson


  15. #15
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    ^ yep, exactly. They will also wait and wait, even if it takes years and then they get hit with their price when someone is desperate enough to buy.

    With the massive migration of farangs from Europe and the US in the last few years (strange isn't), prices are getting hit at the ask. Pattaya has changed so much in only a few years. I never saw so many farangs moved there. They were a minority only 5 years ago, now they are everywhere. A real boom.

    Why are all those farangs moving to Pattaya ? what are they escaping ? is Pattaya becoming a new Phuket ?

  16. #16
    This is not my avatar
    NickA's Avatar
    Join Date
    Oct 2005
    Last Online
    @
    Posts
    11,204
    Quote Originally Posted by Butterfly
    DD 10,000 baht for a sq wa, that's OK, not too bad but in those villages it should be more like 5000 baht, but again locals have those unrealistic expectations
    100 sq. wah for 100,000 baht, isn't that 1,000/sq.wah??

  17. #17
    I am in Jail
    Butterfly's Avatar
    Join Date
    Mar 2006
    Last Online
    01-02-2019 @ 03:12 PM
    Posts
    39,832
    ^ Oops. Correct. 1,000 baht/sq. wa. ? very cheap unless it's farmland and you can't build or it's too isolated

  18. #18
    Thailand Expat

    Join Date
    Jul 2005
    Last Online
    @
    Location
    In a rather cold and dark place
    Posts
    12,823
    I looked at land in Nong Kai way for 5000B a rai

    15000 with papers.

    cheap as dirt.

    but that is all it was.

  19. #19
    Dis-member
    Dougal's Avatar
    Join Date
    Nov 2005
    Last Online
    01-11-2019 @ 04:44 PM
    Location
    Head Rock
    Posts
    3,507
    Quote Originally Posted by Butterfly
    You can buy beach land accross Kho Samui island for as little as 2000 baht/sq wa
    Land on the beach on Kho Samui for 800,000 a rai? Are you 100% sure about that?

  20. #20
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 12:36 PM
    Posts
    17,382
    Quote Originally Posted by Butterfly
    You can buy beach land accross Kho Samui island for as little as 2000 baht/sq wa
    No you cant. I lived on Samui 18 years ago and you couldnt buy beachfront even frigging big rock front for that price.

  21. #21
    lom
    lom is offline
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    @
    Location
    Trapped in an old mans body
    Posts
    8,481
    Quote Originally Posted by Butterfly
    You can buy beach land accross Kho Samui island for as little as 2000 baht/sq wa
    That is incredibly cheap.
    I've been looking at different places there and the asking price is always
    around 2 mill baht/rai, still not bad.
    In 5 years time that area will be fully populated with tourists..

    Which reminds me of my first visit to Samui back in 1989 where I got an offer to buy 2 rai of beach land in Chaweng for $25.000.
    I didn't dare to invest what was all of my savings at that time , but the land is worth 60 mill baht/rai today..
    May the bridges I burn light my way

  22. #22
    lom
    lom is offline
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    @
    Location
    Trapped in an old mans body
    Posts
    8,481
    AO, there was still a lot of beach land to be had in Chaweng at that time.
    I think there was not more than 15 resorts on the whole beach, and with lot of free space between them.

  23. #23
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 12:36 PM
    Posts
    17,382
    Mate I dont mean to be critical but lets say realistic. Here is from a real estate sales page on the net. Sure its a lot more than you would pay for land but its damn high.

    If you take in consideration that the last listing has no beach at all and is one a vast mudflat. Its simply the big island at the far end of Chaweng Yai.
    TypeLand sizeLocationPrice per rai
    (Thai Baht)Details28.5 RaiLaem Sor (Ban Talay)6 mioBig piece of beachland comes with 95 metres beachfront wide and fantastic views!
    more info
    beach24 raiLaem Yai9 mio420 metres of beachfront. Nor Sor 3 Gam Title. NW of the Island.
    more info
    beach1.6 raiLaem set27 mioSet in an exclusive luxury residential gated community on 60m of beach front.
    more info
    beach7.5 RaiThong Krut13 mioGreat piece of beachland comes with fantastic views!
    more info
    beach7 raiLaem Set8 mioBeautiful beach land on the South of the Island.
    more info
    beach7.5 raiBan Tai MaenamSOLDNice piece of beachland come with 60 meters beachfront ,frantal view of Koh Pha Ngan.
    more info
    beach25 RaiMaenam15 mioBig piece of beachland in Maenam come with fantastic views!
    more info
    beach23 RaiKoh Mudsum3,5 mioFantastic 23 rai of beachland for sale located in Koh Mudsum.
    more info

  24. #24

    R.I.P.


    dirtydog's Avatar
    Join Date
    Jun 2005
    Last Online
    @
    Location
    Pattaya Jomtien
    Posts
    58,774
    Quote Originally Posted by lom
    I got an offer to buy 2 rai of beach land in Chaweng for $25.000. I didn't dare to invest what was all of my savings at that time , but the land is worth 60 mill baht/rai today..
    Bet you feel silly now don't worry I done the same stoopid mistake in Pattaya many years ago

  25. #25
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 12:36 PM
    Posts
    17,382
    Where the hell are the prices anyway it was 3.5 to 8 million per rai. One on Mae Nam beach at 15 million per rai.

Page 1 of 6 123456 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
  •