by kevinyeo | Oct 21, 2018 | Questions and Answers
Question: Is there any difference between buying directly from the developer or through an agency?
Answer:
It may be a good idea to buy through the agency as they are usually also capable of assisting you with your after sales and rental after the property is completed.
The developer sales staff are there for solely one reason. To sell you the property of the show flat you are in. We would tend to think that they are less impartial.
We have got a lot of clients coming to us asking about a particular property in Bangkok only to discover better options available through our recommendations.
If both the developer and agency are getting you the same price for the property, it will be a better idea to find someone who is well versed with the Bangkok property market, responsive and has the ability to provide after-sales service.
It will make your life a lot easier in time to come.
Got a question for us? You can reach us at [email protected] or [email protected]
by Daryl Lum | Oct 18, 2018 | AP Projects
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Life Ladprao Valley by AP Thai
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Life Ladprao Valley by AP Thai
Life Ladprao Valley is a condominium project, developed by AP Thai. It is located very close to the Phahon Yothin MRT Station. It is located opposite Central Plaza Ladprao and is walking distance to Chatuchak Park. The development is a high rise development with over 15 facilities and a signature triple pool.
[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]
Life Ladprao Valley Location Map
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Visit the Life Ladprao Valley developer sales website:
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Coming Soon!
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Visit The Life Ladprao Valley Facebook Page:
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Related articles about Life Ladprao Valley:
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Coming Soon!
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Related videos about Life Ladprao Valley:
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by kevinyeo | Oct 17, 2018 | Questions and Answers
Question: What Are The Payment Schemes Available When Purchasing Bangkok Property?
Answer:
Currently, for buying a condominium directly from developers, deferred payment is widely practiced. There is no fixed formula so it will differ from developer to developer.
Usually, buyers will pay an amount of about 20% to 30% of the property value to the developer upon booking of the unit. The remaining amount will be payable upon the completion of the construction of the condominium.
For example, if you buy a condominium for THB 6,000,000, you will be required to pay THB 1,500,000 (assuming 25%) upfront. This money is to be transferred directly to the developer account. This has to be in cash only.
For buyers intending to secure a loan for the purchase of their property, they can only do so nearing the completion of the property. And the loan is only applicable for the balance 75%.
Do you have questions regarding investing in Bangkok properties? Do connect with us at [email protected] or [email protected]
by kevinyeo | Oct 16, 2018 | Bangkok Property Market Updates, Legal, Tax & Due Diligence
Property developer Siamese Asset Co is unconcerned about the central bank’s loan-to-value (LTV) limit on mortgage lending, as it already collects a down payment of 20% of the unit price.
It plans to launch two new condo projects worth a combined 10 billion baht in the next two months.
Managing director Kajonsit Singasansern said the new requirement for LTV ratio of 80% the Bank of Thailand asked financial institutions to comply with from Jan 1, 2019, will have no effect on the company’s existing or new customers.
“We have collected a down payment of 20% at our condo projects for many years, so we don’t need to be worried about this new rule,” he said. “It only hurts our competitors.”
There was one project, Blossom Condo @Fashion, where the company collected a down payment of 15% of unit price because the project was in the lower-priced segment, in which most buyers were first-time purchasers.
Last Thursday the central bank announced it would require home buyers to make a down payment of at least 20% of the home value for new mortgages worth at least 10 million baht, as well as for second homes.
“We will continue with our policy of 20% down payment at our new projects as most of them are high-priced, where buyers have strong purchasing power and can pay a high down payment,” Mr. Kajonsit said.
Next month Siamese Asset plans to launch a new luxury condo project, The Collection, worth 4.8 billion baht. It will be located on a 2.1-rai plot on Ratchadaphisek Road, opposite Benchakiti Park.
The project comprises 443 units sized between 33.8 and 135.35 square meters and priced at 6.2-45 million baht a unit, or 240,000 baht per sq m on average. It plans to offer a guaranteed yield of 5% for two years.
The project targets both real demand and investors, estimated to account for 60% and 40% of buyers, respectively, and aims for 70% presales on the launch date.
By year-end, Siamese Asset plans to launch a mid-priced condo worth 5 billion baht located on 2.5 rai near Ratchadaphisek subway station. It comprises three towers with 600 units.
by Daryl Lum | Oct 15, 2018 | Sankyo Projects
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THE FINE Bangkok Thonglor-Ekamai by Sankyo Home (Thailand) and Keihan Real Estate
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THE FINE Bangkok Thonglor-Ekamai by Sankyo Home (Thailand) and Keihan Real Estate
THE FINE Bangkok Thonglor-Ekamai is a condominium project, developed by Sankyo Home (Thailand) and Keihan Real Estate. It is located at Ekkamai Soi 12 and just a short walk to Thong Lor Soi 10. This area is very popular with Japanese expatriates and corporate tenants. This development will be an well-known 31 storey building with 220 units. The developers and architect are Japanese with an extensive track record in development.
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THE FINE Bangkok Thonglor-Ekamai Location Map
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Visit THE FINE Bangkok Thonglor-Ekamai developer sales website:
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Visit THE FINE Bangkok Thonglor-Ekamai Facebook Page:
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