Jump to content
BANGKOK 22 April 2019 09:05
Pravda

Construction costs of houses going through the roof?

Recommended Posts

Posted (edited)

No pun intended, but my wife just showed me a few houses her family is building on the land they own. Decent looking houses, 3 bedroom, 3 bathroom. but really nothing special. Construction costs from 2-3 million. Now from looking the past threads this would have been 800k baht a couple of years ago or maybe I'm just confused?

 

Also, I don't know if it makes any difference that these houses in Surat Thani and not Isaan where labor is perhaps cheaper.... but that much cheaper?

 

I don't know anything about houses in Thailand, not interested in buying or building one, so this is just an amateurish observation.

Edited by blackcab
Added "Construction costs" to add clarity
  • Like 1
  • Haha 1

Share this post


Link to post
Share on other sites

There are fairly set prices for the construction of properties per square meter.

 

The quality of internal finishing, kitchens and bathrooms can vary the final price considerably.

 

There are quite a few threads showing what members have built and the associated costs.

  • Like 2

Share this post


Link to post
Share on other sites

3 bed 3 bath, described as "nothing special", for 2-3 million, does sound high.  If they're all about the same, be even more interesting to know why there's a 1 million spread between them - you said "a few houses", so I presume it's only 3.  

 

Are you financially involved in any of them, directly or indirectly?  

  • Like 1
  • Haha 1
  • Sad 1

Share this post


Link to post
Share on other sites

I have edited the OP for clarity and I have removed various posts. Let's try and get this thread back on track and discussing construction costs.

  • Thanks 1

Share this post


Link to post
Share on other sites

Construction costs have increased no more than 20% in ten years. Bog standard unfurnished with Thai block/tiled kitchen 2 bed 2 bath 108 sqm, just being built by me cost 1,100,000, that includes boundry and gate on 55 TW so your 3 bed 3 bath should still really not be more than about 1,300,000...location Jomtien and of course not including land.

Share this post


Link to post
Share on other sites
41 minutes ago, jesimps said:

I think the only thing certain is that the final cost will be way above the estimate.

I think this a generalisation. We just built a house to a high spec. We provided a detailed spec and contract. Final price was the quoted price.

Share this post


Link to post
Share on other sites

Labour's not even cheap in Pattaya any more - if you can find it. My Thai builder's paying a 70-year old chain-smoking alcoholic 500 Baht/day for general labour and he's drunk or hungover most days. Can't find anybody young and reliable who wants to do hard work out in the sun. An Irish builder I'v eknown a long time told me that he's having to pay his Thai overseer 70K Baht/month now, up from 50K, or he was going to leave. Maybe it's still cheap in Isaan, but not here any more.

  • Like 1
  • Haha 1
  • Sad 1

Share this post


Link to post
Share on other sites

After living here for six years in a house I had built I have to agree that Good hard working Thai labor is hard to find. That is why for any manual labor I want done at a reasonable cost, I hire Thai Yai. They work hard and appreciate it so much when I pay them a reasonable amount plus a tip.

  • Like 1

Share this post


Link to post
Share on other sites

I would guess that the quality / spec of the finishes is the biggest cost escalator. ie standard floor tiles versus marble for example.

Agreed there has been some escalation in materials and labour but not 3 fold.

  • Like 2

Share this post


Link to post
Share on other sites
Posted (edited)

Yeah and add 20-30% percent if you are building on a small Island, as you will have to pay more for labour (You need to get good workers from BKK prolly) and have to ship the materials over there renting  a barge/ship.

 

You are also limited in materials there as you can't use normal woods, only 25 plus years old golden teak and some others due to the saltyness of the sea.

 

 

Edited by ThomasThBKK

Share this post


Link to post
Share on other sites

Condo prices too in 5 years almost double,wife-sister buy one in 2013 in Siracha for 2M now the same condo are resale for 3.9 to 4.5 on the same floor....

  • Haha 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...