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BANGKOK 26 March 2019 19:24

khunPer

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About khunPer

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  • Birthday 09/07/1949

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    Koh Samui

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  • Location
    Koh Samui

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  1. And I've been looking forward to I one day got enough, but this statement makes me consider to stop saving-up, if its not funny at all in the "rich man's World"...
  2. Depending of where you "invest" – i.e. location – and what you invest in. Some areas and price levels might be flat – could even decrease slightly in short term – whilst others still would at least double value (sales price) during each decade. From a pure investor point of view, land is the key to gain in Thailand; whilst buildings needs proper maintenance, and might even decrease in value. Some Thais counts a 10% decrease per year for buildings – might not include the first few years of a new construction – i.e. after 10-15 years the value of the building is 30% to 50% of the original construction price, depending of inflation, and change in cost of building construction, and maintenance level. Within the same period the land value might have doubled, or more. So if building construction cost originally was twice as much as land price, it could be about even value after 10-15 years; more if location is right, and building are well taken care of. Rental price, or rental return, are sometimes used as a value factor in Western countries, but might not work equally well in Thailand. Many Thais base a rental percentage on the building construction only, and do not include the value of the land, as they already own the land; i.e. could be family land, so not an "investment". 10% of the construction cost (only) are often used as annual rental value. That might well be the reason why it in some areas are cheaper to rent a home, than to "invest" in a home; i.e. buy land and build a house. In my Scandinavian home country investors count 8% to 12% of their investment as yearly pay back in rent. I would think that farmland is still up for a double-up within a decade; and well located land plots, eventually with luxury construction(s), could also gain a double-up over ten years. Condo gain would be extremely dependent of location, but if in the right spot, which for example could be areas in Bangkok, they would also increase...
  3. Depends of where you live/stay in LoS, some places are not that hot – even switching a fan off to save power might not help, if the fan is not switched on...
  4. Yes, that's often the case, but right here the next truck did stop, and the driver could be seen opening the door.
  5. There are no requirements for proof of origin for the 800k baht deposit, and that's also why many of us have been able to shop around for best fixed long-term interest rates. However if you use the income method with 65k baht a month, it's (to my knowledge) required to be overseas income. You cannot use value of Thai stock portfolio or value of Thai Fund Books (mutual funds) for the 800k deposit, as stocks and funds are considered speculation that can change in value; a decade ago you could however use Fund Books at some immigration offices (I talk from experience). As retired you can live of income from Thai investments, like dividends from SET stocks, or other investment outcome, but then you need to also have a bank deposit of 800k baht. In other words, if you in any way can afford the 800k deposit, it makes life more hassle-free; at least concerning extension of stay in the Kingdom...
  6. Night market dragon Canon EOS 600D Exposure time: 1/30 s F-number: 3.5 ISO speed rating: 800 Focal length: 18 mm Aperture value: 3.625
  7. Polling station at 2019 General Election Canon EOS 600D Exposure time: 1/160 s F-number: 8 ISO speed rating: 100 Focal length: 18 mm Aperture value: 6
  8. Difficult to choose at the polling station Canon EOS 600D Exposure time: 1/125 s F-number: 7.1 ISO speed rating: 100 Focal length: 18 mm Aperture value: 5.625
  9. No, not worth repairing it, 8-years life time is not that bad in Thailand, I count 10 years if you take care of a laundry machine. I bought a new LG "Inverter Direct Drive" recently, really good machine, silent and steady, and use less power than the old Samsung, which however lasted 10-years, and needed a repair for some thousands of baht; gave the old machine away to some that would spend the repair cost for having a laundry machine.
  10. I cannot say about Thai practice, but about Samui only. The Samui building regulativs are divided into zones, where some zones by the beaches are so-called "city zone", for example 200 meter from either side of "Maenam Pier"; however the pier has long gone after damage by several monsoons, the pier road is today's Soi 4, Maenam China Town Walking Street. Normally by the beach fronts you can build (quoted from memory) 10 meters inside marked land, only one level (ground floor), maximum 60-70 square meters, and there must be 10 meter separation between the buildings; the rules are newer, so many older bungalow resorts by the beaches were made before, and therefore not in accordance with the new rules. However within a city zone you can build two meter inside your own land, and three meter from water line, and up to 12 meter high (in old time, not higher than the coconut palms). Some of the seawalls are quite old, and "mark" the water line. If you move your seawall back, you'll expose your neighbors land to destruction from the monsoon, so seawalls should be kept in line. My seawall were originally constructed with cement rings – actually a very strong construction – and had lasted for some 25-years, when I took over. After that seawall were constructed, the landborder line were changed, so actually everybody has little less land on the seaside today – about two-three meters – when the title deeds were upgraded; however by permission from the Marine Department we could dispose of that land, but not build new houses on it, if we keep the seawall protection in good condition. That include architect drawings and strength calculations, which need to be approved by the Marine Department for both old and new constructions. I kept the old cement rings, for extra strength, behind and under my new steel reinforced construction, that is also higher than the old. At left, as the original old cement-ring seawall was in 2004; at right with the higher and steel reinforced new concrete seawall in front at 2010; the palms in front are the old-time landmarkers, from when larger land plots were sub-divided between family children. The construction of the reinforced seawall; sand is moved by hand in small buckets, and its the women's job to dig the sand about one meter below the old rings; at right cement curing in molds. Cement need to cure undisturbed for a while to be strong (preferably 28 days, but a week in molds can give it 100% strength after a month. Four 20x40 beams goes from the seawall to the new house that works as kind of backstop for the wall. Everything was approved by the Marine Department before construction. The rules with Marine Department's approval of seawalls began in 2006-2007, and was probably caused by the tsunami catastrophe on the Phuket-side in 2004. Walking the beach, it's obvious that cement rings lasts, while plain sea walls often get damaged, if not proper constructed. The old land border lines originates from the time when the island was a fisherman and coconut farmer community, and the land markers were coconut palms planted after consent of the families. They can also be seen in straight rows as border lines, but often in corners. My land is marked by a coconut palm in each beachfront corner. Later "Nor Sor 3" title deed markers are slightly different, however fairly in line with the palms, whilst the newer "Chanute" title deed markers are moved some meters behind, when Marine Department got part of the beachfront, which probably had something to do with HHW protection.
  11. Your can follow the air quality of Samui here. Screenshot from today (posting time)...
  12. When the monsoon storm comes, normally somewhere between mid October and mid January, the sea level is high due to water are pressed into the Gold of Thailand, and the waves are really hard to the beaches and protecting seawalls, to stop the sea water from flooding further inland. I can assure you, very hard, I live beachfront, so walls easily get damaged if not build very strong, even light beachfront building can easily disappear during a monsoon storm. My seawall is 1,80 meter high over the average sand level – and furthermore build one meter under as well, with a huge thick footage foundation – the images at left are from an average monsoon storm (2016), the photo at right is how it appears during normal high tide. Luckily the seawall has survived so far without any damages.
  13. The beaches of Thailand belongs to the Marine Department, and not all are public.
  14. You will need two Last Wills, one in UK for your properties in UK, and following UK-law; and one in Thailand for any property here, following Thai law. The Thai will will be brought to a court, you can appoint an executor yourself in the Will, otherwise the court will appoint one. You can in details read about in the book "Thai Law for Foreigners"; there are several threads in Thaivisa Forum with information about Last Will and execution of it.
  15. Its subjective which beaches are liked, some like Chaweng, others not. Even the beach is wide (depending of tide) and has fine white sand, and mainly clear water, its has often waves and underwater currents, which makes part of the beach dangerous (accidents almost every year, some fatal). Furthermore its crowded, and with many jet ski renters, and noisy, and numerous folks selling stuff you often don't want. However, if you're young. like jet ski, beach vendors of all kind, parties and loud techno music, Chaweng Beach is just it... Other beaches are more quiet, but the sand could be little yellow and more rough than Chaweng; however the "privacy" is preferred by some, like found in both Maenam and Bo Phut, or some of the many southern beaches, of which some has low tide and are not good for swimming. Silver Beach in northern Lamai is by many considered as the best beach on the island, but its also quite crowded, whilst perhaps similar nice beaches, but less crowded, can be found at northern tip of Plai Laem (Bis Buddha peninsula) and Bang Por area. However, it's worth taking a look at Koh Phangang, if nice uncrowded Bounty-.style coconut-palm-tree paradise-beaches are it...
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