by kevinyeo | Feb 18, 2019 | Questions and Answers
Question: Why Thailand Is A Better Investment Destination Compared To Others in S.E.A
Answer:
Here at Invest Bangkok Property, we never stated that Bangkok was the best property investment that investors could make in South East Asia or even the world.
It is not our job to convince you that Bangkok is the best possible investment destination. And you will always hear of promises of higher returns or yields from other countries such as Vietnam or Cambodia.
There is no sure way to know which investment returns will yield you the highest returns. For us, we are most comfortable putting our monies in Bangkok apart from Singapore.
If you think likewise, our Invest Bangkok Property Portal will help you decide where are the good places to invest in Bangkok.
We have personally bought properties in Bangkok and made money from it. But do take note that there are also people who have lost money investing in Bangkok properties. Likewise for counties like Malaysia or Vietnam.
We chose Bangkok because we are familiar with the Bangkok property market. It is a nice place to stay and Bangkok attracts a lot of tourists and people wanting to live and work here. We personally know of a lot of friends who have come over to Bangkok to do business as well. By speaking with them, we further understand the pull of Bangkok as well as the potential this place has to offer.
There is no end to comparison but if you also see potential in Bangkok as we do, we are here to help you choose a good property to invest in.
We do not advocate putting all your eggs into one basket but we do strongly encourage that you consider Bangkok as a possible investment destination.
by kevinyeo | Feb 5, 2019 | Questions and Answers
Question: Is Phayathai The Next Investment Hotspot?
Answer:
Phayathai has been a location that has been under the radar until last year when 2 major launches in Phayathai got more investors to notice. The 2 projects were XT Phayathai by Sansiri and Park Origin Phayathai.
Phayathai is only 2 BTS stations away from Siam, the main shopping belt in central Bangkok. If being close to the core city center is what you want and you do not wish to pay over THB300,000 per square meter, Phayathai is definitely a location you can consider.
Another advantage Phayathai has is that it is the interchange between the Sukhumvit BTS Line and the Airport Rail Link which brings you to Suvarnabhumi Airport. The Airport Rail Link is to be further extended, bringing commuters to Rayong, which is part of the Eastern Economic Corridor, a massive industrial project driven by the Thai Government.
Another reason to consider Phayathai is at this point of writing, given the prices of properties in Phayathai versus the rent, property owners are getting a rather attractive yield. The proximity to the city center would also help in getting a fast turnover for your empty units.
Have a question for us? Reach us at [email protected]
by kevinyeo | Feb 3, 2019 | Questions and Answers
Question: What Are The Key Factors Driving Bangkok Condo Property Prices?
Answer:
The influx of Chinese Buyers
In recent years, you would have noticed that there are more and more Mainland Chinese buying properties in Bangkok. And we reckon this is probably just the tip of the iceberg.
A lot of the major Thai developers have still not yet made the effort to penetrate the Chinese market.
You may also notice that the number of Chinese tourists to Bangkok is growing year by year. A good number of them are actually in Bangkok to do business. Eventually, they may also consider buying a property in Bangkok as a 2nd home or for investment.
As Thailand is an important jigsaw puzzle piece for China’s One Belt One Road initiative, you can expect more Chinese investors to hone in on the properties in Bangkok.
Big Scale Infrastructure Expansion By The Thai Government
The Thai Government has commissioned the construction and expansion to the existing rail network in Bangkok. This is a massive project that will eventually double or triple the number of stations Bangkok has now.
Notably, some mega projects include the Bangsue Grand Station, which will be the main interchange for all the different rail lines as well as the terminal for the high-speed rail that will link to China.
Not forgetting also the Eastern Economic Corridor, a $45 billion project that aims to industrialize the eastern seaboard of Thailand.
The Rise Of The Upper Middle-Class Thais
Another observation we have is that if you were to visit mega malls like Siam Paragon or Central World, you will actually realize that a lot of the people spending money there are the local Thais themselves.
As the country grew, the upper-middle-class Thais do have a lot more disposable income compared to several years back. Their lifestyle is also changing, such that a lot of them are now looking to stay in good quality condominiums within the city. Whenever a new project launches in central Bangkok, we do also get a lot of interests from the local Thais.
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Whilst the prices are currently on an uptrend, it would be prudent to note that it is not realistic to assume property prices will forever keep running up in a straight line. Same as the Singapore, Hongkong, China or London property market, a correction is always inevitable.
Thus when we recommend Bangkok property to our clients, we would only choose projects that are of good locations and from reputable developers. This is because we always try to mitigate the downside for our clients.
Got a question for us? Reach us at [email protected]
by kevinyeo | Feb 2, 2019 | Questions and Answers
Question: How Do I Pay Monthly Maintenance And Utility Bill For My Bangkok Condo?
Answer:
You as the property owner will be billed for electricity and water monthly. The bill will be dropped inside your letterbox.
There are 2 ways to go about paying your utility bills.
- Set up a GIRO account so the bills are automatically deducted from your bank account monthly.
- Engaged the help of the juristic person to help pay for your bill monthly.
The 2nd option is commonly used by a lot of property owners. The juristic person will help you retrieve the utility bills from the letterbox and pay on your behalf. In order for that to happen, you will first need to deposit a certain amount of monies with the juristic office so they can use this money to help pay your utility bills.
Do note that they will only help you with your electricity and water bills. Should you require their help to pay for other bills such as the internet, you will have to make known to them.
A small administrative fee may be chargeable for this service. It will vary from condo to condo.
Got a question? Reach us at [email protected]
by kevinyeo | Jan 31, 2019 | Questions and Answers
Question: What Insurance Do I Have To Get For My Bangkok Condo?
Answer:
- If you have an outstanding housing loan for your Bangkok condominium, the bank would require you to obtain mortgage insurance. In the unfortunate event of the demise of the property owner, the property will be paid up in full by the insurance. Of course, if the property is fully paid in cash, this insurance is not required.
- Another consideration is to get a fire and theft insurance for your Bangkok condominium. This is usually offered to you when opening a bank account in Bangkok. You can also choose to get it from independent third-party providers but for ease of the procedure, we would recommend you just get it from the banks. The fire and theft insurance is relatively cheap and you can opt to have the insurance premium deducted via GIRO from your bank account.
These insurances mentioned are only required when your property is completed.
Got a question? Reach us at [email protected]
