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BANGKOK 25 April 2019 15:32
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Thailand’s property market surges with Chinese confidence remaining high

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there was a recent article from the junta media in the sales pitch 'business' section saying chinese buyers had less budgets in purchasing condo's in thailand compared to the western/japan customers, now another fake sales pitch article

 

property market's booming 

buy buy buy

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15 hours ago, Orton Rd said:

There are 4 Chinese families who bought their own houses near us, they have their ways!

i spoke to a chinese buyer of a large new condo development in ratchada ,most of the buyers are chinese and its really close to the chinese embassy, he told me that his workplace had to provide details for his loan which was organised by the thai property company and the chinese bank which has branches in thailand and china,  i get the feeling his chinese family living in china would be on the contract as an insurance policy in case of default.

 

my hunch is what the chinese state tried in malaysia where  500,000 chinese were to live in forest city and secretly over a 20 year period were to be given various rights until 20 years then made into malaysian citizens. This is what was the previous malaysian gov. were doing with the chinese state

 

i reckon it could well happen here instead of one city being created for this scheme, chinese with property granted citizenship over a 20 year period, which will be for china only

Edited by humbug

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15 hours ago, madmen said:

I'm guessing you are in a village or Chang Mai. That's your problem because it's all about location location location!!!

Well personally I am in a village in the North of Thailand, and regardless of "location, location, location", it is absolutely not a problem! Why?  I do not have a million dollars (or Baht for that matter) to spend on speculative property purchases, and if I did I wouldn't use it to buy a flat next to the SkyTrain, whose biggest selling point is that it is adjacent to the biggest open air  knocking shop in Asia; and that is before you consider some of the gruesome creatures that hang out in n the area...

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51 minutes ago, Father Fintan Stack said:

How many expat property moguls posting on this thread are actually retired binmen from Sunderland that are dossing in their 4,000thb per month rented rooms?

 

🧐

The beauty of the internet of course is that you can be what you want to be (virtually anyway).

 

Mind you, for a retired binman , a B4000 rented room and everything that goes with it is probably preferable to a bedsit in Sunderland, and a twice weekly feast of fish and chips and a pint of Newcastle Brown Ale.

 

I have no wish, as a mere Southern softie to upset the "Geordies" on here, but Sunderland, in the persistent miserable rain, is the most depressing place imaginable. An even more depressing prospect than that facing the property mogul, as he observes the post closure detritus of Nana, human and otherwise, from his condo window, as the last SkyTrain of the night squeals past a couple of metres away...

 

 

Edited by JAG
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25 minutes ago, JAG said:

The beauty of the internet of course is that you can be what you want to be (virtually anyway).

 

Mind you, for a retired binman , a B4000 rented room and everything that goes with it is probably preferable to a bedsit in Sunderland, and a twice weekly feast of fish and chips and a pint of Newcastle Brown Ale.

 

I have no wish, as a mere Southern softie to upset the "Geordies" on here, but Sunderland, in the persistent miserable rain, is the most depressing place imaginable. An even more depressing prospect than that facing the property mogul, as he observes the post closure detritus of Nana, human and otherwise, from his condo window, as the last SkyTrain of the night squeals past a couple of metres away...

 

 

I'm no expert on all things north other than flat caps and whippets but Sunderland contains Mackem's not Geordies 🤔 

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22 hours ago, marcusarelus said:

Please link your claim of illegal hotels or stop posting rumors. 

Pay attention to the news, a few hundred of them were closed in a Chiang Mai alone not long ago. Illegal hotels are an ongoing problem here. 

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The Chinese are investing everywhere they are allowed. Thailand is not special.

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18 hours ago, xylophone said:

Or they buy many condos in a block and just AirBNB them......much to the annoyance of live-in owners and long term renters because of the noise, movement all hours of the day and the rubbish they drop/leave behind.

That’s happened in several of the buildings we own units in.

 

 

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1 hour ago, dcnx said:

That’s happened in several of the buildings we own units in.

 

 

Same at a large condo development where a friend rents long term and he and a few other long term renters have complained to the condo management but they do nothing about it..............could be because the developer also still owns a few and likes getting the income as well as Chinese owners.

Edited by xylophone

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1 hour ago, sammieuk1 said:

I'm no expert on all things north other than flat caps and whippets but Sunderland contains Mackem's not Geordies 🤔 

Thank you.

Mind you, I'm from Somerset, so 'tis all up near Scotland somewhere...

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1 hour ago, dcnx said:

The Chinese are investing everywhere they are allowed. Thailand is not special.

Yes. And they should not be allowed invest anywhere where the arrangement is not reciprocal. Which basically mean nowhere. At least Trump and Oz is fighting them, EU is a lame duck and Chinese have bought much of the rest already.

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You can't complete a sentence anywhere in the world without the word China popping up. Even Africa is experiencing the Chinese miracle

Wait and see. When the bubble bursts it's likely to be a biggie..

Buy real estate when there's blood in the street.

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47 minutes ago, DrTuner said:

Still wondering why Chinese build casinos the first thing after they colonize a country?

 

https://edition.cnn.com/2019/02/13/opinions/casinos-southeast-asia-intl/index.html

 

In the US some Christian people consider gambling a sin, so they slink into casinos and hope God doesn't notice.  With Chinese people they'll stop at the little shrine at the entrance of the casino, offer some incense and prayers for good luck.

Two completely different perspectives.

 

Some years ago someone did a mural in NYC's Chinatown portraying the story of the Chinese people's coming to America, with scenes of working the railroads, panning for gold, etc.  But the big image dominating the mural was a poker hand.  Man, I wish I took a picture of it, back in the 80s, that building is probably gone now.

 

 

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