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nyc boy
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Quote: from Whereyoucomefrom on 9:52 am on Dec. 15, 2005
slowx and snpark
slowx, I can't locate the webaddress for acute. Please post the web address or link
snpark, I can't figure out who supalai is. Please post the address or link.
Thanks to you all
Acute Realty Co., Ltd.
(66 2) 676-4670-3, Moblie - (66 9) 1668060
wipaporn@acuterealty.com
http://www.ThaiApartment.com
http://www.ThaiPropertyOnline.com
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 3:53 am on Dec. 15, 2005
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ericdespim
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I just bought a place at the Lakes. Did a lot of comparison of prices and quality. Older buildings are expensive imho. And the architectual quality is less than perfect. More recent developments seem to have got the architecture right. Average price I was seeing as 75,000 baht per sq meter. Silom was more like 100,000. Acute sem to be one of the better agents are certainly responsive. Try Khun Amy there....she is very sweet, very naive but good at her job.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:25 am on Dec. 15, 2005
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slowx
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ericdespim,
how much did you pay psm? lake view?
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 10:06 am on Dec. 15, 2005
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atl
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I used to sell condo's in bkk for a year and half, all on wittayu and sukumvit. iI worked for a chinese developer that sold 99.99% of his projects to farangs
I would be happy to answer any ?????'s
just PM me.
Cheers
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Thai Women : Meet Matured Thai Women
Posted on: 1:54 pm on Dec. 15, 2005
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brewsterbudgen
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Viewed a condo (still being built) at Sukhumvit Soi 71 - Vista Garden, not too far from Phra Khanong BTS, with the girlfriend. Two bedrooms and two bathrooms, 11th floor, fitted kitchen and a/c included, for 3.75 million baht. Not ready until this time next year, and 25,000 baht to reserve. Need to reserve by 10 January to get this price.
Seems like a good deal to me. Does anyone know anything about this project?
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 4:13 am on Dec. 30, 2005
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atl
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Sawadee,
I would make sure the developer is reputable. Pre buying is very common elsewhere, and good profit can be made quickly, but this is thailand and some thai developers operate like this:
They ask for a minimal reservation fee, usually 40,000 baht.
This is atrractive to buyers in that its not a crazy amount to walk away from, and it happens alot because the buyers financial situation may be alot diferrent 12 to 18 months down the road. and the thought of loosing that 25 or 40 Thousand baht isnt as bad as forking over the remaining 4 million or whatever.
It benefits the developer as when a farang (in most cases) signs on the dotted line and pays the reservation fee the developer counts it as a sold unit.
This is where non-reputable developers, who did not get 100% funding to begin with, go back to the bank (lender) and say look our project is 75% sold and we need more money. Its not actually 75% sold as all these farangs put down is a nominal fee. Say the reservation was 1 million they would think a hell alot different about walking away.
If these are amatuers or crooks they have squandered alot of $$ that was supposed to go to construction and are far behind in completion. A huge second influx of money from the bank is very tempting for a runner, especially if they know how over budget the project is.
I know its always longer than they say (even in farangland), but just make sure they are legit as I know a 1 development in 2004 that was left about 60% complete. and another developer had to come in and finish. The people got the condo, but it was like 2 years longer than they expected. Most backed out during the wait, I dont know about the legal ramifications.
Check out the developer, very well.
Cheers,
atl
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:40 pm on Dec. 30, 2005
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PussyLover 69
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BUYING A CONDO IN THAILAND
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The only restrictions on purchasing a condominium in Thailand are that the percentage of units sold to foreigners cannot exceed 49% of the total number of units in the condominium block, and that the funds used to buy the condominium have been remitted from abroad and correctly recorded as such by a Thai Bank on a "Foreign Exchange Transaction Form".
The Foreign Exchange Transaction Form is an official bank document issued by the receiving bank upon the receipt of foreign currency into your bank account in Thailand. You must request a Foreign Exchange Transaction Form from your bank when you are remitting funds to Thailand for the purpose of purchasing a condominium in Thailand, and the Foreign Exchange Transaction Form must specify that the remittance is solely for the purpose of purchasing a property in Thailand - Code 5.22.
Purchases of Condominiums in Thailand by foreign individuals come under the jurisdiction of the Condominium Act B.E. 2535 (1992).
The owner of each Condominium in Thailand is issued with a certificate of unit ownership. The certificate also has a statement saying exactly what percentage of rights over the common areas of the building each owner has. Process to Purchase a Condominium Pursuant to Thai property law, a foreigner may have a freehold ownership over a unit in condominium under certain restrictions.
Four Steps to Own a Condo - New Development
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1. Title Search: To verify the status of a land over which a condominium is constructed. Normally, a land would be under mortgage with a supporting bank.
2. Sale and Purchase Agreement: This document specifies the selling price, terms and conditions of the sale. It is advised that a contract is to be reviewed by a lawyer for the best protection of rights of the buyer.
3. Payment:
a) Deposit: Normally, 1% of the total price of a unit is required as a deposit payment to reserve a right to purchase a condo.
b) Down Payment: a sum of 25% or 30%, depending on an agreement between a buyer and a seller, of the total price of a unit is required as a first payment of the price of a unit. There may also be some payments to be made between a down payment and a transfer date. This will depend on your written agreement with the developer. The buyer's monies to buy a condominium must be transferred into a Thailand bank account from abroad.
4. Registration of Ownership: After a delivery of condominium unit and the final payment, the seller will then transfer the ownership of a condominium unit into your name. A registration fee, a stamp duty, and a withholding tax must be paid at the time a transfer of ownership takes place.
Four Steps to Own a Condo - 2nd Hand Sale in Condo Development
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1. Title Search: Similar to a title search for a new condominium project, this step is essential for a purpose of verification of status of the land where a building is located. Normally, as a used condominium, a land shall not be under mortgage, or, if it is, the buyer would acknowledge his position over such land.
2. Sales Agreement: If you buy a condominium from an individual, a sales agreement normally is a ready-to-use contract (An agreement which is not especially drafted for the sale between buyer and seller).
3. Payment: A norm is that a buyer shall pay a full price of property to a seller upon a transfer of ownership at the Land Department.
4. Registration of Ownership: To buy a condominium, a buyer (or a seller, or both parties, depending on an agreement between parties) shall be responsible for a registration fee, a stamp duty (in case of having owned the property for more than 5 years) or a special business tax (in case of having owned the property for less than 5%), and a withholding tax.
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Thai Girls : Meet Active Thai Girls
Posted on: 11:43 pm on Aug. 28, 2009
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PussyLover 69
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Report from The Nation dated Saturday 19 February 2011 :-
Bangkok condo prices driven by suburbia
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Bangkok condominium prices rose 3.4 per cent in the last quarter of last year, driven mainly by the popularity of suburban areas located along mass-transit routes, according to a Knight Frank Thailand survey.
Suburban condominium prices rose 5.04 per cent, while those in city
areas rose 3.65 per cent. Prices of condominiums in peripheral areas - which are farther out than suburban areas - rose just 1.63 per cent because of plentiful supply.
Of new condominium units introduced last year, 72 per cent were in peripheral areas, forcing down prices.
Knight Frank said that last year, 68,745 units came on to the market in Bangkok, nearly double the figure in 2009.
"New supply of condominiums in 2011 will shift to city areas, as evidenced by land sales last year," said Phanom Kanjanathiemthao, managing director of Knight Frank Thailand. "Condominiums in peripheral areas still show opportunity in certain locations where supply is not tremendous. Condominium supply may be less than last year since developers are aware of competition, which will lead to a price war.
"However, there will be some developments in peripheral areas due to the lack of land in city areas. The selling price per square metre is expected to increase because of the hike in construction costs and the inflation rate, thus condominium units will be compact to ensure unit prices are afford?able for buyers."
He said most buyers would purchase condominiums for their own use, rather than for speculative or rental purposes.
Total supply of Bangkok condominiums was 183,378 units. Previously, the inner city was the most popular area for condominiums but suburban areas are now gaining in popu?larity.
The company said demand for Bangkok condominiums last year was predominantly generated by Thais. Sales were still most prevalent in the low-end sector. Demand for affordable condominium developments was strong, especially projects along planned mass-transit lines.
Take-up of units during the last quarter was 12,189 units, down 1 per cent on the third quarter. The take-up rate was 42.8 per cent. However, the number of units launched in the fourth quarter was 30 per cent higher than in the third quar?ter.
Prices in the quarter rose because of increased costs of oil, construction materials and labour.
The price of Grade A city condominiums was Bt128,752 per square metre, high since there was no new supply of pre?mium-grade condomini?ums last year.
Prices in city areas increased 2-5 per cent on the previous quarter. Prices in peripheral areas were quite stable, as the majority of new supply in these areas was added during the last quarter of last year.
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Thai Women : Meet Matured Thai Women
Posted on: 6:31 am on Feb. 19, 2011
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Tyler Durdin
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Does anyone know if the developer of The River, Taksin Properties co, ltd is the ex PM's company? Or did he sell it off (if it's his) and they new owners just retained the name?
Thanks
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 5:10 am on Oct. 23, 2011
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