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dryrot

Thailand Is Toast

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As title, if Assetz are pushing it, beware.

http://investors.assetz.co.uk/property-det...htm?propID=2903

Luxury Property For Sale» Koh Samui, Surat Thani Province, Thailand THB 17,550,000 | £ 263,864

Invest in Asias first five-star destination resort!

Situated directly on its own exclusive golden sandy beachfront and offering stunning sea views, Asias first 5-Star resort of Himmapan Beach Samui will offer the most luxurious standards of living to visitors. The development will comprise of 926 suites, apartments and pool villas built over 5 years on a beautiful, gently-sloping hillside in Bophut, Koh Samui, Thailand. Facilities will include 11 signature Asian restaurants, 21 bars and an exclusive nightclub, 13 swimming pools, spas with massage facilities, wellness clinics, gyms, and a wide

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Guest Mr Parry
As title, if Assetz are pushing it, beware.

http://investors.assetz.co.uk/property-det...htm?propID=2903

Luxury Property For Sale» Koh Samui, Surat Thani Province, Thailand THB 17,550,000 | £ 263,864

Invest in Asias first five-star destination resort!

Situated directly on its own exclusive golden sandy beachfront and offering stunning sea views, Asias first 5-Star resort of Himmapan Beach Samui will offer the most luxurious standards of living to visitors. The development will comprise of 926 suites, apartments and pool villas built over 5 years on a beautiful, gently-sloping hillside in Bophut, Koh Samui, Thailand. Facilities will include 11 signature Asian restaurants, 21 bars and an exclusive nightclub, 13 swimming pools, spas with massage facilities, wellness clinics, gyms, and a wide

Absolutely is toast and all.

Prices in the resort areas went totally frigin' berserk. Also Bangkok condos, some up for a million quid++++!!!!!! CRASH CENTRAL - JUST LIKE '97. Expect at least 50% falls here. Builders have stopped building because of the materials costs. I put my new beach house on hold until 2010 and then some because the build price was knocking on the door of £50k!!

In reality, normal house prices peaked in 2004 and have been coming down ever since, sharply. Back then they were around 2.8 million Baht now around 1.5 million Baht. Even now the average house price is only about £20k, cheap for us Brits but if you're Thai and on 10,000 Baht a month . . .

Assetz should be taken by the Office of Fair Trading and Trading Standards for this one. You as a foreignor cannot own land freehod in the Kingdom. Even the leases (max 30+30 year) are very dodgy. THEY SHOULD NOT EVEN BE MENTIONING THAILAND.

The condo situation is as dodgy. Stuff sold off-plan never gets built. Foreignors can own condos but only if a minimum 51% of the building is owned by Thais, so what happens when theres less than 51% Thai ownership, who knows.

Political situation here is as nuts as usual, but everyones so used to it and politics has little bearing on everyday life anyway you wouldn't notice.

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As title, if Assetz are pushing it, beware.

http://investors.assetz.co.uk/property-det...htm?propID=2903

Luxury Property For Sale» Koh Samui, Surat Thani Province, Thailand THB 17,550,000 | £ 263,864

Invest in Asias first five-star destination resort!

Situated directly on its own exclusive golden sandy beachfront and offering stunning sea views, Asias first 5-Star resort of Himmapan Beach Samui will offer the most luxurious standards of living to visitors. The development will comprise of 926 suites, apartments and pool villas built over 5 years on a beautiful, gently-sloping hillside in Bophut, Koh Samui, Thailand. Facilities will include 11 signature Asian restaurants, 21 bars and an exclusive nightclub, 13 swimming pools, spas with massage facilities, wellness clinics, gyms, and a wide

If you want to live in Thailand I wouldn't bother with this kind of thing, me and the missus bought a 2 bedroom detached bunglaow in Chiang Mai 2 years ago for 600 000 Baht (£8.5K) and it is just perfect. A bit small at 60 Sq M but in a nice area surrounded by 3 golf courses, a sports club with tennis courts and a pool, stables and an international airport. Its cheap to live, the people are nice, and the weather is brilliant.

Check out the prices on here http://www.jasminehomes.co.th/listing_brow...=House+for+sale and remember this is an expat site, go to any bank in Chiang Mai and have a look at the re-possessions on offer, they are about 1/2 to 2/3 the prices on this website.

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Guest Mr Parry
If you want to live in Thailand I wouldn't bother with this kind of thing, me and the missus bought a 2 bedroom detached bunglaow in Chiang Mai 2 years ago for 600 000 Baht (£8.5K) and it is just perfect. A bit small at 60 Sq M but in a nice area surrounded by 3 golf courses, a sports club with tennis courts and a pool, stables and an international airport. Its cheap to live, the people are nice, and the weather is brilliant.

Check out the prices on here http://www.jasminehomes.co.th/listing_brow...=House+for+sale and remember this is an expat site, go to any bank in Chiang Mai and have a look at the re-possessions on offer, they are about 1/2 to 2/3 the prices on this website.

I'm near Roi-Et. 600,000 is about right for a liveable place over here. New one here will be finished next month, total bill inc. furniture is around 600k.

If you want to see what you get for big money through HPC'ers, go to:

www.fairproperties.com

www.thairealty.com

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Bangkok is in the grip of a property and financial meltdown. Added to the usual things forcing the economy off a cliff is political unrest, a collapsing Govenrment (the foreign minister resigned yesterday, another minister (health?) a few days before and another coup is likely.

Koh Samui is on even shakier ground due to the mafia control that has completely corrupted the Land Department, which has led to scandal and arrests aplenty.

So, no, investment here is unwise to say the least!

Edit: Spelling

Edited by bkkandrew

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Guest Mr Parry
Bangkok is in the grip of a property and financial meltdown. Added to the usual things forcing the economy off a cliff is political unrest, a collapsing Govenrment (the foreign minister resigned yesterday, another minister (health?) a few days before and another coup is likely.

Koh Samui is on even shakier ground due to the mafia control that has completely corrupted the Land Department, which has led to scandal and arrests aplenty.

So, no, investment here is unwise to say the least!

Edit: Spelling

Andrew, if things get bad down in Bangkok and you want somewhere to get away, you're very welcome up here in Issan, where nothing ever changes.

Just PM me.

I was going to start that beach house in Bang Saray this year. Forget it, materials prices have gone mad.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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