Thread: Cheap condos

If you get one for that price I would be very suprised. Ifyou buy a condo in your name you buy the condo not the land and you buy the lease. Farangs can do this but they can not buy own land forthright. there are some loopholes but better to check with some one who ones a few condos.
hope this has helped somewhat.

you've made some quick money cause a few months ago you were posting this thread
https://teakdoor.com/the-teakdoor-lounge/20951-deportation.html

and claiming

I'm flat broke and the wife refuses to pay for my ticket home, what crime can i commit that will see me on the next flight and not banged up.

so forgive me if I'm a little cynical about this new effort of yours...

Originally Posted by beenaroundawhile01

If you get one for that price I would be very suprised.

Loads of condo around for that price, but not in the tourist areas

If a condo sells for 150K baht what would the maintance be? Now that is something I could throw away and wife not scream to bad. She wont come over but I would like a place of my own, What is cheapest place , that could be bought in Pattaya, which seems to be cheaper then other tourist places. Be better for future appreciation?? asking. Can a guy get one older 10 floors say. some crummy ones along river in Bangkok also, like them.20K dollars??
Is Renting maybe the best , what can a high but l good location better then new bldg,
which thais like?? All information welcome.

I would be interested in buying in Pattaya in older bulding to keep costs down but in good location. What is a good price or bargain in Pattaya? Good potential there i Think? any information would be appreciated. thanks floyd

Originally Posted by klongmaster

you've made some quick money cause a few months ago you were posting this thread
https://teakdoor.com/the-teakdoor-lounge/20951-deportation.html

and claiming

I'm flat broke and the wife refuses to pay for my ticket home, what crime can i commit that will see me on the next flight and not banged up.

so forgive me if I'm a little cynical about this new effort of yours...

Klong Master

Great Post glad to see someone is keeping up Honest.

I get slammed each and every day as a Thaiophile, but I can tell you one thing I would never consider buying a cheap Thai condo. Why? Too small at less than 30 sq meters at that price. Walls as thick as paper, Thai toilets, neighbors who are loud and cook in the hallways. It would be a living hell. My two cents worth anyway.

Originally Posted by farmerfloyd

I would be interested in buying in Pattaya in older bulding to keep costs down but in good location. What is a good price or bargain in Pattaya? Good potential there i Think? any information would be appreciated. thanks floyd

I have a cheap fully furnished unit for 700,000 baht in Pattaya / Jomtien .

It is on the 18th floor of a 19 story building and a corner unit w/ sea views - 32 sw meter


PM if you want more info

Originally Posted by klongmaster

you've made some quick money cause a few months ago you were posting this thread
https://teakdoor.com/the-teakdoor-lounge/20951-deportation.html

and claiming

I'm flat broke and the wife refuses to pay for my ticket home, what crime can i commit that will see me on the next flight and not banged up.

so forgive me if I'm a little cynical about this new effort of yours...

Maybe wifey made nice and loosened up the purse strings!(not very likely)

Originally Posted by Sir Burr

only 49% of the units can be owned by a foreigner and they cannot be on the ground floor (possible 4th floor and up only).

That's interesting. I was aware of the 49% restriction but nothing of this 4th floor and up stuff.

What's the theory behind that one I wonder?

Originally Posted by BobbyTits

Originally Posted by farmerfloyd

I would be interested in buying in Pattaya in older bulding to keep costs down but in good location. What is a good price or bargain in Pattaya? Good potential there i Think? any information would be appreciated. thanks floyd

I have a cheap fully furnished unit for 700,000 baht in Pattaya / Jomtien .

It is on the 18th floor of a 19 story building and a corner unit w/ sea views - 32 sw meter


PM if you want more info

I am interested.
Please PM me as I am a newbie and can't PM yet.

Originally Posted by aging one

It would be a living hell.

The image you paint is a bleak one, I agree. But let me paint another picture. I know of three or four buildings near me that are on a university campus. You can buy a 28sqm2 condo for 250,000 baht and all your neighbours are uni students. Now my idea of hell aint living in the same building as 200 hot,uniformed, unmauled-by-sweaty-foreigners, prime Thai female specimens!

Originally Posted by AntRobertson

Originally Posted by Sir Burr

only 49% of the units can be owned by a foreigner and they cannot be on the ground floor (possible 4th floor and up only).

That's interesting. I was aware of the 49% restriction but nothing of this 4th floor and up stuff.

What's the theory behind that one I wonder?

As far as I am aware, there is no rule about having to be the fourth floor and above. There used to be a rule that the unit could not touch the ground/earth/dirt (whatever you want to call it), as that, for some bizarre reason, was seen as owning "land". However, as I understand it, that rule no longer applies under the Condominium Act.

And therein lies the crux. Generally speaking, the difference between an apartment and a condominium in Thailand is that a Condo has been registered under the Condominium Act as a separate juristic entity, where all the rules etc apply (such as having a different management company), whereas an Apt has not. Another example, a Condo can have freehold title for units, an apt. cannot.

If my information is still up-to-date, and it may well not be, a registered juristic entity under the Condo Act needs a minimum capitalisation. The size of the units the OP is talking of would make me believe (in fact I'm almost certain), the building is not registered under the Condo Act, thus are apts. In that case, different rules apply. For example, it will almost certainly involve a lease arrangement.

There are significant and important differences between buying a condo and an apt. It is essential you know which you are buying. Moreover, because a unit is called a Condo does not mean it is a Condo under the law (although this practice is actually illegal, it is widely practised, as Condo sounds so much nicer than Apt.)

I wrote an article on this topic some time ago. Here's the link

https://teakdoor.com/williams-legal-s...ues-think.html (Buying A Condominium in Thailand – some issues to think about)

but given I now live in Aus, please double-check the facts (which you should always do in any case).

~W~

Originally Posted by Spin

Last Online: Today 12:17 PM Join Date: Jul 2006 Location: right up against it Posts: 5,464 Spin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forumsSpin User is well thought of on Thailand travel forums Quote: Originally Posted by aging one It would be a living hell. The image you paint is a bleak one, I agree. But let me paint another picture. I know of three or four buildings near me that are on a university campus. You can buy a 28sqm2 condo for 250,000 baht and all your neighbours are uni students. Now my idea of hell aint living in the same building as 200 hot,uniformed, unmauled-by-sweaty-foreigners, prime Thai female specimens!

I work at a big private uni here, and have done so for a long time. There is no way on earth I would want to live with the kids I teach. Loud is being polite. Teach sure but not live.

Any jobs at your Uni Aging one?

Sadly not that I know of.

^unless, of course, it's yours

Whats the name of the Uni?
Maybe I could apply?

^yeah, right - like he's really going to tell you that!

Originally Posted by William

There used to be a rule that the unit could not touch the ground/earth/dirt (whatever you want to call it), as that, for some bizarre reason, was seen as owning "land"

Cheers William. I rather suspected it would be something along those completely odd and nonsensical lines.

^that's nothing mate. Can you believe that there was serious discussion at one point in Thailand that a Condo with freehold title could not be sold to foreigners as this would violate the earth/air/space law - i.e., I own everything from the ground up?

Originally Posted by William

Can you believe

Here in Bizzarro Land yes I can. There's an inverse relationship, the more spectacularly nonsensical and stupid it sounds the more it's ultimately beliveable

Ok.. I'm working now and considering my future, i can save the 5-10 grand needed to buy said condos in @ 2 years not a big stretch even for me on humble wages.
Yes the condo's i'm interested in are those shipping container rooms that litter bkk.
I did actually live in one for a few months and found it sparse but liveable.
If you seach the bank websites you can find many for sale @100,000B for a 20+sqm apartment
studio apartment in most major western cities are way smaller than these and 10 times as expensiveto rent.!! (london for example)
I would upgrade the loo and put in a modern kitchen and bedroom unit.
result ....sexy little man pad for college girl romps. yeah baby!!/