Hi everyone.. and hope this find everyone here fine and well....
Have a quickie question for all.....
Thailand property in Chiangmai and Bangkok worth investing? Or even krabi?
please do share your thots.... kor kon mak kup na.......
Do not expect property prices to rise like Singapore or even Malaysia. Land in Thailand is plentiful.
For foreigners there is only one type of property you can purchase and its condominiums, even then only 49% of any project is allowed for foreigners. Landed or commercial or industrial can be purchased through company.
From my experience in cities, condominium prices will rise faster than landed as there are more demand from foreigners who come to buy and rent and also rural people working in the cities. Even then don't expect like 10% rise annually, this does not happen here.
Bangkok is undergoing a big transformation with new MRT lines underdevelopment now and with any MRT development condos tend to spring up along each line, so there is actually a small boom in condo construction in Bangkok now.
If you are buying for stay then I think it makes sense if for investments then I would say along MRT lines developments will be ok.
By the way rentals may not be high could just barely cover your loan interest however if you buy cash which you have to as foreigners then rental could offer you a small profit higher than bank interest. Example - I am currently renting a single house in a gated housing meaning it has its own clubhouse and swimming pool and security etc, 280 sqm land build-in two storeys, 200 sqm, cost me only 23,000 baht per month and that's about only S$1k. A condo unit like 60 sqm with full amenities will likely to be in the range of 16,000 to 24,000 on Ratchada road. So you see rental is really not so good an earner.
