This is our very first vlog doing questions and answers. We have been receiving many questions from investors with regards to investing in Bangkok condo properties. So we have decided to record videos to answer these common questions so that everyone else can benefit too.
You can watch the video above or read the following on the questions we have answered in this video.
Question: Why Is Bangkok A Good Investment?
We often have people asking us why only Bangkok? How about other places like Phuket or Hua Hin?
We strongly advocate Bangkok is mainly because of its location. Bangkok is strategically positioned in the middle of South East Asia. With China embarking on the One Belt One Road policy, there will be a high-speed rail that connects Bangkok to China. This is certainly a big draw for investors around the region, especially the Chinese to start putting monies into Bangkok properties and businesses.
Bangkok has a ready infrastructure. They have a very extensive rail system and there are existing plans by the government to further expand this rail network. The number of stations is expected to double by 2030.
With 2 international airports, Bangkok is one of the most well-traveled cities in the world.
The Thai government is also very welcoming of foreign investments.
That is the main reason why we rate Bangkok as 1 of the best places to invest in compared to the surrounding countries.
The reason why we do not advocate places like Phuket and Hua Hin is that of investors not really having a clear exit strategy. We have personally witness clients who have bought Bangkok properties and offloaded them to another buyer. We have also clients who are already landlords, collecting rent from their Bangkok properties.
We have had many clients who have successfully sold their Bangkok condo investments and made a profit from doing so. There is truly an active resale market in Bangkok.
That is also of course subjected to you making the correct investment decisions and getting a property in the right locations in Bangkok.
Question: Can Foreigners Buy Property Legally In Bangkok?
Yes, you can. The title will be in your name. But do take note that foreigners are only allowed to buy condominiums. And out of the total floor area, foreign ownership can only go up to 49% in a single development.
Question: Where Is A Good Place To Purchase Property In Bangkok?
To get an investment property in Bangkok, always start with the core central region of Bangkok. These are places like Silom, Ploenchit, Sathorn.
Thonglor and Ekkamai are also popular residential areas, especially with the Japanese.
Some of you may also like to consider growth areas such as Bang Sue, where the high-speed rail terminal will be, as well as Rama 9, the upcoming new CBD of Bangkok.
Question: Is It Difficult To Sell My Property In Bangkok?
Generally, it is not difficult to sell your property in Bangkok. You just have to approach the resale agents in Bangkok to help you sell your property. There are many different real estate agencies in Bangkok that you can approach.
Alternatively, you can also come to us, we will help our clients to do after sales and property management if they require assistance.
Question: Who Are My Tenants?
It very much depends on where you purchase your Bangkok property. For example, if you like to target the Japanese expatriates, then you should be considering property in Thonglor and Ekkamai.
Places like Silom, Sathorn, Chitlom, and Ploenchit will have access to the embassies and the grade A offices in the vicinity.
For places like Rama 9, you may be getting more white collared Thai workers who are working in the area.
Question: Do You Also Market Other Countries’ Properties?
We are also licensed real estate salespersons in Singapore. We have been in the market for more than 10 years. We do have a portal for Singapore property as well. https://www.lovelyhomes.com.sg/
Got a question for us? Email us at [email protected] or you can leave us a comment on the video!