Today's condos, tomorrow's ghettos? in Real Estate, housing, house and land ownership Posted March 21, 2015 In my experience it comes down to the management of the condo. I personally stay away from Thai company managed condos. Those managed by foreign companies with a demonstrated history do the job well and I have little concerns. Those managed by Thai companies, well there are just too many stories whereby the money is never recovered or not allocated to repair and maintenance as described. Just my 2 cents and observations over the past 4 years living in condos myself.