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pomozki

How long will Bangkok's rental market suffer?

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We must be in the minority.  Our tenant in our condo in Bangkok is leaving mid-July.  Since we have had it leased out for over 9 years we were going to remodel it and keep it for ourselves since we go Bangkok to get away for a while.  Sometimes Chiang Rai is a little too quiet and I also like to visit friends since I lived and worked in Bangkok before.  A few days after our agent told us the guy was leaving, she called us again.  She has 2 different clients that are very interested in renting our place at our current price.  Not sure what we will do now.

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On 6/7/2020 at 2:57 AM, bwpage3 said:

It is it bold, perhaps you don't have enough money to be living in Thailand?

Bold no but with the glut of condos in bkk quite possibly stupid 

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On 6/7/2020 at 2:57 AM, impulse said:

I think it's the Thais who went back home to live up country with family when they were no longer required to show up at work in BKK. 

My sister-in-laws did just this. They're still in touch with friends back at the condo complex, who tell them tons of units are now empty, with piles of junk left behind. Not exactly prime units though. The parking was out of control, and now they say it's somewhat manageable.

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Posted (edited)
23 hours ago, Kraig62 said:
23 hours ago, DaRoadrunner said:

To which I would add;- I read there were 4500 empty rooms in Bkk alone, so it is a buyers market, negotiate a discount. Of course, it pays to have a Thai friend negotiate for you as we filthy farang are often charged more.

Filthy RICH farangs

 

Do you mean filthy rich farang who never learned to negotiate because we grew up in nanny states where every price was clearly marked and everyone paid the clearly marked price? 

 

There is dual pricing.  But one price is for people who know how to negotiate, and another price for people who don't know, because their government protected them from ever having to learn.  Generally, we're poorly prepared for business in a culture where kids learn to negotiate prices as soon as they learn to speak. 

 

So, yes.  Bring a Thai friend...  Not because of xenophobia.  But because they know how to negotiate.

Edited by impulse

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16 hours ago, 5633572526 said:

Bold no but with the glut of condos in bkk quite possibly stupid 

'I agree - if you mean that it doesn't make sense right now to double-pay for a whole month?

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6 hours ago, impulse said:

 

Do you mean filthy rich farang who never learned to negotiate because we grew up in nanny states where every price was clearly marked and everyone paid the clearly marked price? 

 

There is dual pricing.  But one price is for people who know how to negotiate, and another price for people who don't know, because their government protected them from ever having to learn.  Generally, we're poorly prepared for business in a culture where kids learn to negotiate prices as soon as they learn to speak. 

 

So, yes.  Bring a Thai friend...  Not because of xenophobia.  But because they know how to negotiate.

wow, talk about generalising! "filthy rich farang who never learned to negotiate because we grew up in nanny states" - speak for yourself! Foreigners who have no clue about negotiating would be in a tiny minority. I never heard anyone make the comment you just have. I think it's hogwash actually!

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Posted (edited)

Can someone post a few units close to MRT/BTS and their rental values. Thinking about keeping a pad in Bangkok for some pay-for-play actions in the week-end. Need a one bedroom (not studio), at least 35sqm and close to BTS/MRT. Preferred newer units or kept immaculately new if units are old. Budget is 15K Max. I used to stay nere Thonglo BTS for 20K for a two bed room, two bath condo. Have moved to Pattaya now becuase my GF bought a new condo for short time/long time rent but there are no tenants as of now. I am the captive tenant 🙂.

Edited by Mulambana

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On 6/10/2020 at 2:58 AM, richard_smith237 said:

Looking on a property website is too much work ?

 

Lie back and think of England while ThaiVisa.com members service your request sir !!!! :1zgarz5:

the very same thought went through my mind but I held my tongue (very unlike me) - a tiny amount of effort will also find several FB groups where heaps of rental listings are posted every day

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23 minutes ago, pomozki said:

the very same thought went through my mind but I held my tongue (very unlike me) - a tiny amount of effort will also find several FB groups where heaps of rental listings are posted every day

Those FB groups are great.  Most of the agents are still asking stupid prices but there are a couple that actually have some great deals.

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8 minutes ago, Airalee said:

Those FB groups are great.  Most of the agents are still asking stupid prices but there are a couple that actually have some great deals.

yep, agents in those groups merely post what the landlords tell them and seem to throw up their hands in horror when you mention the virus and ask them to organise a big discount. It isn't the best way to go

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It will last years- affordability will be a factor even if the demand returns.

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