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CM Condo Rentals through the Roof!


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if you imposed terms like that in Chiang Mai you would be a long time empty, especially now with more condos chasing fewer tenants.  And I quite agree, at 5% it would not be worthwhile. Much better options to buy and sell at the click of a mouse.

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When I look at condos for rent in Chiang Mai, I notice that since 2012 prices have gone down for the same/similar units.  This includes Punna, Unique, Mountainfront and Mountainview. Same prices

Look at the facebook marketplace property rentals in Thai, very cheap. Decent places from 2,500bht.   https://www.facebook.com/marketplace/item/507181329858436/   https://www.

in the coming months you should be paid to live in CM. 

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3 hours ago, moontang said:

I would charge one month, but would make them show me their credit report. I rented to some Hong Kongers 22 years ago, and they had a credit score.  Would have to have a long stay visa, too.  Way too many Facebook posts looking for subletters for the last 10 months of their lease.  Meanwhile, some good diversified REITs are yielding 7+%, some even paid monthly, so it is a head scratcher (and hopefully not lice from tenants), as to why people become landlords in a foreign country, with net yields mostly below 5%.

Wow, rented to some Chinese 22 years ago thanks for the updated info....

The head scratcher for me as you are talking about investment.

Why would anyone buy anything in Thailand period for investment??

Certainly under the current conditions, seems reckless and uninformed....

 

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18 minutes ago, bkk6060 said:

Wow, rented to some Chinese 22 years ago thanks for the updated info....

The head scratcher for me as you are talking about investment.

Why would anyone buy anything in Thailand period for investment??

Certainly under the current conditions, seems reckless and uninformed....

 

Walking across the street is a gamble, buying a lottery ticket is an investment.  

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  • 3 months later...

Just a quick update for anyone following this thread.

 

I've been busy looking for a new place to live these past weeks. Condos still seem expensive, especially the modern 1 bed joints that average around 10,000 THB, or more. And an extra bedroom can bump the price or by 6-8000 THB, even if the living area is the same. I'm talking new and modern here. I didn't check out any older buildings.

 

THE PROBLEM WITH OLDER CONDOS

 

I lived in a 30-year building once, and it was quite nice inside. The problem with older condos is that there always seems to be someone renovating. Hammer drills and persistent banging is fine if you're out all day. But it's blooming headache if you happen to be home Monday to Friday between the hours of 10 am to 5 pm.

 

ROOM FOR A PONY

 

Anyway, I took the plunge and decided to try my first house in Thailand. It's a two-year old single-story pad with 3 bedrooms, two bathrooms, and a small, low-maintenance garden. There's so much space compared to what I'm used to. Heck, I'll probably have a brief spell of agoraphobia until I adjust lol 🙂

 

Stubby

 

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4 hours ago, Stubby said:

Just a quick update for anyone following this thread.

 

I've been busy looking for a new place to live these past weeks. Condos still seem expensive, especially the modern 1 bed joints that average around 10,000 THB, or more. And an extra bedroom can bump the price or by 6-8000 THB, even if the living area is the same. I'm talking new and modern here. I didn't check out any older buildings.

 

THE PROBLEM WITH OLDER CONDOS

 

I lived in a 30-year building once, and it was quite nice inside. The problem with older condos is that there always seems to be someone renovating. Hammer drills and persistent banging is fine if you're out all day. But it's blooming headache if you happen to be home Monday to Friday between the hours of 10 am to 5 pm.

 

ROOM FOR A PONY

 

Anyway, I took the plunge and decided to try my first house in Thailand. It's a two-year old single-story pad with 3 bedrooms, two bathrooms, and a small, low-maintenance garden. There's so much space compared to what I'm used to. Heck, I'll probably have a brief spell of agoraphobia until I adjust lol 🙂

 

Stubby

 

Let me guess..million five in San Sai?  

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14 hours ago, bkk6060 said:

Wow, certainly who can afford that?

Many of them are modern and well-equipped. It's the 32-35 SQM size that makes them expensive.

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11 hours ago, chingmai331 said:

I think Stubby is renting, not buying in San Sai, or anywhere.  Many houses similar to what Stubby describes in San Sai renting at 6-10K baht per month.

Not San Sai, Chingmai331, I'm staying in the Hang Dong area. I'm paying more than 10K 😉

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