Should You Buy A Condo In THAILAND | Everything You Need To Know | Buy & Rent Tips
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- Опубліковано 20 вер 2024
- Should You Buy A Condo In THAILAND | Everything You Need To Know | Buy & Rent Tips #livelovethailand
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To Check Wing Samui Condo Project, Here are the links & Information's
*** Website
wingsamuicondo...
*** Aom : aom@wingsamui.com +66868018145
Sales Manager
Aom is a local sales manager who has over 8 years experience in the Thai real estate industry. She is well versed in the Koh Samui real estate market, starting her career in property management. Over the years she has helped many foreign investors as well as owners find their home here in Koh Samui.
Her knowledge of the real estate in Koh Samui is a huge asset to Wing Samui Condo as she is very familiar with the tourism industry as well as where the best places are to ensure maximum returns for your property.
*** Office and Showroom location:
124/1, Moo.1, Tambon Bo Put, Ko Samui District, Surat Thani 84320
Visit Our Office Showroom Today!
Google Maps:
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*** Wing Samui Condominium Koh Samui’s largest condominium project with land size of over 18,000 sqm, 14 buildings with 560 modern design units, and is the first EIA Approved condominium project in Koh Samui.
*** Government Approval Certifications
Wing Samui has obtained all necessary approvals for the construction of Wing Samui Condominium. We have been working behind the scenes since 2019 to ensure that the project runs smoothly before our pre-sale in 2022. We have worked closely with the Koh Samui and Surat Thani government to bring Wing Samui to Koh Samui and we are grateful for their continuous support!
Located in the prime location of Bophut, the project includes resort style facilities and an attractive rental program for owners.
Wing Samui condominium provides turn key freehold condominiums to owners as well as a 5 year optional buy back guarantee. Own your own slice of paradise with Wing Samui Condominium.
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A few things to consider.
1. Interest rates in the western world are now quite high. If you run the numbers you will find that in most cases the interest you would earn on money in a western world savings account would pay the rent on any condo you wanted to buy in Thailand if you invested the purchase price. Yet by renting you have the freedom to cut and run quickly if needed with minimal penalty.
2. Resale of second hand Thai condos is very difficult , many remain on the market for years with no takers and few make a profit with many making a loss because Thais do not like second hand condos for cultural reasons. I knew an Italian guy who died trying to sell his condo in Phuket , 3 years suffering wanting to go home suffering from terminal illness.
3. Thai condos are cheap for a reason. Many foreigners get excited by the cheap price of ultra luxury condos in Thailand but never ask themselves why the prices are so low compared to other countries
Why are luxury condos in Tokyo or Singapore so much more expensive?. It’s simply market forces - the market has decided Thai condos are an inferior product. Do you want to invest large amounts of money in a product the world realestate market doesn’t like?.
Thank you for taking your time and explaining stay safe
1. Interest rates do not matter since (as far as I know) foreigners cannot get a mortgage.
2. Places as Jontiem they build condos. Then once those are built they build more, and even more. Here, the first condo has perfect access to the beach. The second group of condos block the 1st condos views. The 3rd group of condos block the 2nd. Hence it's value decreases, sometimes. Also those people living in the 1st group of condos have to deal with constant noise of the building of 2nd and 3rd units.
3. I have heard that once the condos are built, that the HOA does not care for the property well. Therefore, the condo owners must pay for increases in prices, and yet HOA does not do any work.
Also, as you said, renting an apartment in Thailand is very cheap.
I love the idea of owning a condo in Thailand. The initial price seems so affordable. If I was actually going to live in Thailand full time then it would make more sense at least to me. Unfortunately I have no such plan. I love Thailand and its people but I don’t go there every year for a month or more at a time. It’s just so far to travel from the US. As a result of all this I think renting is the best way to go for me! That gives me the most flexibility and also allows me to visit more places without any issues, surprises, or cost of maintenance and ownership.
Tx for sharing your thoughts with us
I owned a condo in heart of what’s called golden triangle in KL , so much hassle yearly doing tax paperworks and after 10 yrs owning , didn’t make any money ….. best to rent in Thailand to enjoy n buy in your own country better , my 2 cents 🤣
I plan to buy a house in New Zealand rent it and live in Thailand through rent as well. much safer. Also I can change location every now and then.
I agree! I know what I can and cannot do in my home country. In Thailand I’m always going to be at risk because I’m a farang. Rental is so much easier and more affordable. The money I would use to purchase a condo I can put to work in the stock market.
For investment purpose only, shouldn't buy in Thailand unless you live there. But if it is for dual purpose like you want to live few months in Thailand and rent out few months, then, it's better to buy than renting. I think, the key is location. For example, even old condos in Pathum Wan or Watthana area are not cheap and can still maintain the value.
Great informative video , makes me want to consider investing in Thailand even more. great content
Welcome
Everything is cool as long as project makes completion date. If something happens like COVID19 or anything that stops construction you likely will not get your money back. It’s always a good idea to buy a finished project.
Even though I have a Thai Fiance, I would NEVER buy a condo or house in Thailand nor in any other foreign country. Why?
1. My Thai Fiance already has her own house in her hometown and a condo in Bangkok. I already could easily live in one or the other.
2. I have my own paid off house here in my US city which I will ONLY pass on to my 3 sons. They are on my will already and that's what is important to keep it or sell it and divide the profit into 3 parts.
3. When I do marry my Thai Fiance, we will most likely live in her home and my house (as long as she can travel here) on a part time basis.
4. As a disabled person, even without a Thai woman in my life, I would just rent during the times I may travel there WITHOUT any headaches, any legal obligations, and no worries.
5. I've have heard of too many horror stories of the spouse taking over the house and it's her country's rules and regulations, not the foreigner!
6. Most important-Be ready to WALK AWAY from anything you are willing to lose in 15 minutes.
Great video though Arsen!
Mr Juan having Thai fiance is something, and living in Thailand is something else. 2nd, the condo is free hold, so no suppose no sponsors.
Things are totally different when you live in Thailand, not only visit from time to time and stay safe.
Those horror stories…I bet no one used a lawyer to protect their “investments”. Foreigners have also rights in Thailand but many foreigners don't know that 👌
Hello Arsen...how are you? I hope in the best of evrything. Another great video about buying in Thailand...you cliked all the areas we want to know. Very good resort there. have a great day and my best wishes
Thank you, Steven
The salesperson explained that all the one bedroom units had already been sold. My understanding is that there is a very small deposit required for new developments. When it comes time to obtain finance for the purchase often people, are unable to come up with the funds - so if you were serious about buying this is the time to purchase.
Every farang has an option on this issue. While purchase prices and property values are much higher in other countries (e.g. Sydney, Australia) they remain very reasonable in Thailand. This is very attractive for retirees who are looking for stability in their lives. From an investment perspective, it is often difficult to sell 'used' properties - as Thais are drawn to the new and shiny - and you would be lucky to be able to sell your property and it is unlikely that you would make a profit.
True
It's a good idea if you know the market and numbers. If you live permanently in Thailand, owning a condo or making your own house is in many cases smart move not just financially. You can customize it like you want and call it your HOME. Rental payments are dead money. We are building our house at this moment and it will only take about eight years it pay itself back.
True
Good questions. Info on using Thai Company Name for savings is very helpful.
Glad it was helpful!
No. No. No. No. No. 1st, good luck in getting a mortgage from a Thai bank. 2nd, renting apartments is cheap. 3. What happens if you purchase a condo and after decide you do not like it? What if you just find a better location? What if your next door neighbor decides to rent their out on Air B&B? Here, you have noisy random people living next door to you, with new people coming and going perhaps daily.
If you want the unit as an investment, as an American, it better to purchase property in the US, and hire a manager to manage the property. Then take those funds and send it from the US to Thailand. I believe this is called International Arbitrage.
Who's getting mortgage 77k is not a big amount these days, you won't even buy a luxury car with that, and this project is not for the ones who travel to Thailand just for hop on and off. In usa a condo for 77k well, that would not even be your yearly rent, so there is no sence for comparison
@@LiveLoveThailand Did not calculate the totals. Did not know the amount to be $77,000. Still you are tying up $77K plus monthly HOA fees and hassles to save figure 20,000 baht ($500 - $600) a month.
Foreigners can’t get mortgages from Thai banks, but can get loans from international banks. As they can’t foreclose your home the interest is higher. I’d expect most foreigners would just pay all upfront.
Nice spot.
However, i would never commit to buying anything that was not finished.😊
Why is that
You have a good point.
Because it’s not sureto be built and if not money is lost @@LiveLoveThailand
It seems a bit expensive but beautiful. Good luck
Welcome
Usualy the anual maintenance fee charge will be a burden for future years... make sure its not too high 🤷♂️🤷♂️🤷♂️
Lol, what about if you are leaving in a private villa does things fix theirs 😀
@@LiveLoveThailand
You have a point there but even a Vila's yearly maintenance fee will not cost you as much as a studio's in a compound.
🤷♂️🤷♂️🤷♂️🤨🤔
Studio was quite nice , good garden / balcony 😊
Yes beautiful
Arsen as always fun and informative
Much appreciated
Thank you Arsen, another very good, concrete and practical video, particularly on the level of excellence of real estate and service in Thailand 👍😀🙏
Welcome Pascal
@@LiveLoveThailand i follow you since long time ago, when I was preparing my 6 months Thailand trip, you helped me a lot (with an other nick name) ! I am currently back in France, but I am thinking of returning to Thailand next year to settle there 🥰🔥🙏
I think it's expensive but the land deserves to invest in
That's the range of prices in Thailand unless you take it in a urban area
This is fantastic! Will you be doing more of these video? Would you do one at Sea Heaven in Phuket? Thank you.
Welcome sure
A lover of Thailand for many reasons over many seasons, yet in some areas, Thailand lacks ethics, stability and a sense of security. No to purchasing condo, just no....yet if you decided to retire in Thailand or already have retired , this could be the ideal place, price and size. For me, the idea of retirement is "less stress". Thailand's Real Estate / Condo landscape does not represent such. We all have different perspectives. Cheers Arsen. 🙏
Thank you Mark surely most welcomed I show all the cases and everyone is free 🙏
@@LiveLoveThailand Doesn't change my love for Thailand Arsen, where as you know, the magic is the people. Be well my friend.
New good thing...gr8 den
welcome
Good information, Keep doing
Thank you
Simple math is that renting is much better. Your payback on a condo is years in the making.
Thanks for sharing. Did you buy it?
Any benefits I get after purchasing a condo?
Thank you Arsen :)
My pleasure!
Wow so cool tx
Welcome
Beautiful luxury condo 😮🤗
It really is!
To me it is like hotel rooms 29sq is small. My hotel room was 45sq
What is the price difference for thai and farang for the same place?
Hi,arsen , I hope you enjoy you trip to ko samui ,it’s a very interesting concept that they are building , the room looks very nice , the multiple buildings so close together not so much , the price that they are charging for the space that you get is not really acceptable for me buddy , other people might disagree , but personally for me it’s not a possibility , I want more more space if am going to spend my retirement money on a condo , keep up your good work arsen 🙏
Welcome Michael stay safe
@@LiveLoveThailand you to buddy , enjoy your vacation in ko Samuie , stay safe with your girlfriend arsen 🙏, I look forward to your next vlog
Arsen you buy it, I will rent it from you, make a good price please khrab😅😅, thanks and stay safe🙏🏼🇹🇭
Deal :-)
😀😀👍🏼👍🏼
Good video today but has the construction begun or yet to commence
Yes you can have your condo next year ready
@@LiveLoveThailand i liked it. Infact loved it
@@LiveLoveThailand do you know, we ( my two younger sisters and me)saw you at Suvarnabhumi airport this year January 6th. We were returning back to Mumbai, India. You were busy speaking on the camera. Even you saw us.
oh well if i knew i would have greeted you all, maybe next time@@ananyarao4543
@@LiveLoveThailand yes next time again we will visit and definitely I will inform you so that I can meet you
Very expensive project for Koh Samui. On busy road right opposite the Makro. 18000m2 area of which 50% is built up leaving 9000m2 to be shared with 560 apartments. There are way better options in Koh Samui. Lots of UA-camrs promoting this project only.
It is expensive that's the range of prices in Thailand depends on the area and location
Thai market flooded with real estate. Try selling quickly, no chance
I didn't care about having to have to pay so much money in those blocks of payments. They're trying to get all of their money so quickly. I would look at other options.
77k is too much money these days 🤔
What about the condo monthly fees?
Around 10 to 12k
If I am going to buy a condo in Thailand, I would never buy a unit that's just on the paper.
Good but this on is not on paper
Real estate is crashing all over the world. The price is way overpriced. It's a terrible investment and won't go up I'm value because of all the new buildings going up. Oh and that's not a couch it's a bench with a mat
With all respect, real estate is not crushed or will crush , it always goes up. That's an illusion by making people not buy or sell their properties
You have a good point there.
It's a gamble
@@savvasbambos2669 No a gamble means you have at least the slightest chance of winning. In order to have that chance there needs to be more of a demand than a supply. I just got back from Thailand and every other new building has availability and on top of that there are hundreds of new buildings going up. The supply outweighs the demand. Also the rental market is flooded. You can rent a brand new 1br in a luxury hi-rise for $375 US. That's about $3000 a year after coa, tax and fees. If your new unit is $80k US that will take 25yrs to recover. I just bought a studio in a small older building but well taken care of for $12k. At $200 a month it will take 4yrs to break even.
Also I guarantee they have 1brs still available at this new build but they are temporarily off market because the studios and 2brs are harder to sell
@@LiveLoveThailand What happened in 2008?
I'm sorry but you cannot compare real-estate to gambling, if you've ever owned any piece of real-estate you'd know that it's a very good investment, may not be the most profitable sure but you can't say it isn't stable
Never buy many lost big. Rent is cheap. You free to move. To Vietnam or Cambodia. Apartment are too expensive. At 60”..70”.. do you math is cheaper to rent. I see many out buy lost a lot. Rent like you rent you girlfriend.
Rent...
Ok
😊😊😊😊👌👌👍
👍
Too expensive, but good with freehold
These are the prices in general
How do you know? It depends on the rents in the area.
I am intrested
The links are in the description