Singha Estate reaches out to 100 agencies for sale of condo units to foreigners

[heybuz]

1 hour ago, Mr Meeseeks said:

Sort of like being a desperate saddo sitting at home in England, buying girls in Soi 6 Pattaya bars shots so you can have video sex with them later.

Kind of if you lived in England.

[Henryford]

Condos that you can't use or visit. ha ha.

[AlfHuy]

That is the best part:

 

These are high potential customers who are able to afford luxurious condos worth over Bt10 million per unit,” he added.

[herfiehandbag]

12 minutes ago, AlfHuy said:

That is the best part:

 

These are high potential customers who are able to afford luxurious condos worth over Bt10 million per unit,” he added.

The obsession with high spending...

 

That particular bandwagon is starting to look like Snow White and the seven dwarfs all trying to ride on the same skateboard!

[DrTuner]

Not much demand for illegal Chinese hotels, eh?

[onekoolguy]

10 hours ago, MRToMRT said:

Note he never mentioned lowering prices/profit, just more marketing.

 

When I was last in Bangkok earlier this year the market was at a high, I think they now must get used to the idea that those prices will not be achievable in light of the worlds economy and the state it is going to be in for the next few years.

 

I am selling  a unit and the one thing I know is I must now reduce the price (probably significantly) if I am to offload the thing.

Consider dropping the price by about half? That's what I had to do to sell a new never occupied unit i bought 4 years ago!

[AlfHuy]

Falang, pleasseeee come back. Love you to mut.

Please buy our super luxurious, overpriced condos, please.

[Deli]

Didn't he get the the leaders consider foreigners as dirty, virus spreading and unwanted ?

[bodga]

I know Id  really buy one if they included a  free  bottle  of  water or some other ludicrous item

[MRToMRT]

22 minutes ago, AlfHuy said:

Falang, pleasseeee come back. Love you to mut.

Please buy our super luxurious, overpriced condos, please.

Our time has passed, the market is wholly asian now. 

[ThailandRyan]

4 minutes ago, bodga said:

I know Id  really buy one if they included a  free  bottle  of  water or some other ludicrous item

How about if they gave you some free fresh hot baked Chocolate Chip Cookies, good deal closer in the States...lol

[Pattaya Spotter]

23 minutes ago, AlfHuy said:

Falang, pleasseeee come back. Love you to mut.

Please buy our super luxurious, overpriced condos, please.

Most real estate sales reps I've met don't speak Barglish...maybe check out some of the better developers.

[Pattaya Spotter]

3 minutes ago, MRToMRT said:

Our time has passed, the market is wholly asian now. 

Translation: Our currencies have cratered.

 

No more buying "cheap" condos with overvalued money.

[GinBoy2]

7 hours ago, meechai said:

 

Same for use we sold our Chiang Mai Condo in 2016 after two years of Junta we had a hunch it was different than the previous ones.

 

We did keep our house in the country though and enjoy staying 3 months or so per year .....But Not this year I guess ????

Same with us, sold the rentals but kept the house for annual vacations.

 

Like you this year is obviously a bust, and in truth we're probably not going to go back in 2021 either, since we want to wait until my wife gets US citizenship

[MRToMRT]

36 minutes ago, Pattaya Spotter said:

Translation: Our currencies have cratered.

 

No more buying "cheap" condos with overvalued money.

 

We are like colonialists of old, sat with our strange views, clothes and favourite tipple as the sun goes down on our influence and wondering what did we do wrong? We can't compete with the dragon's size, wealth and power for Thailand's adulation. 

[GinBoy2]

6 minutes ago, MRToMRT said:

 

We are like colonialists of old, sat with our strange views, clothes and favourite tipple as the sun goes down on our influence and wondering what did we do wrong? We can't compete with the dragon's size, wealth and power for Thailand's adulation. 

Thing is, the adulation doesn't come from the average Thai, who don't really like the Chinese.

 

The adulation and pandering comes from that elite Sino Thai population, who actually see themselves as a different race to most Thai's.

 

It's a strange country!

[Pattaya Spotter]

27 minutes ago, MRToMRT said:

 

We are like colonialists of old, sat with our strange views, clothes and favourite tipple as the sun goes down on our influence and wondering what did we do wrong? We can't compete with the dragon's size, wealth and power for Thailand's adulation. 

It was nice while it lasted. 

[3NUMBAS]

looking for suckers ??

[ThailandRyan]

3 minutes ago, 3NUMBAS said:

looking for suckers ??

Blow pops or Lollipops, kind of partial to the See's candy loli's

[Albert Zweistein]

17 hours ago, Paul Henry said:

Does anyone know what happens if a developer goes bankrupt and a small percentage of units in a block are sold what happens financially to the private owners in the complex?. There are ongoing costs to maintain the block of units this raises further questions?

They loose their money.

[bangon04]

When he says "Foreigners"  he really means "Chinese"  doesn't he......

[Mops59]

Why buy property in a country when the government shuts the owners out. I own 2 apartments, have sufficient money in the bank and a O visa. And still not allowed to enter Thailand. So don't buy now. Sell your property. Because this country doesn't respect their investors. They just want to make money on foreigners and leave them hanging afterwards.

[ThailandRyan]

8 minutes ago, Mops59 said:

Why buy property in a country when the government shuts the owners out. I own 2 apartments, have sufficient money in the bank and a O visa. And still not allowed to enter Thailand. So don't buy now. Sell your property. Because this country doesn't respect their investors. They just want to make money on foreigners and leave them hanging afterwards.

I am in agreement with your comments and sentiments 100%.  It is not just the Government but those Elites who are the real issue.  All properties here are overvalued and many left with deferred maintenance because they refuse to reduce the price to sell as they truly do not apparently need the money..  i viewed a Villa here in Bangkok, it has been empty for 3 years.  No one has cleaned inside of it, or done any outside maintenance. The pool has been drained and left empty so not only does it need work but so do the pump units and filter systems.  Yet the owner has this 4 bedroom, 4 bath, 360 SQM home for sale at 52 MB, and wants a rent of 135,000 baht per month.  It is also unfurnished.  A little ludicrous in these times.  Cheaper to buy a brand new home just outside of Bangkok.  I was looking only as a rental.

[meechai]

17 hours ago, GinBoy2 said:

Same with us, sold the rentals but kept the house for annual vacations.

 

Like you this year is obviously a bust, and in truth we're probably not going to go back in 2021 either, since we want to wait until my wife gets US citizenship

 

Good for your wife!  One of the nice things about the USA is that they at least have a path there for those who legally enter the USA to continue on into full citizenship in as little as 3 years

My wife also got her US citizenship back in 2012 so now has her dual citizenship.

[xylophone]

Certainly there is far too much overpriced property on the market and although I keep hearing about "fire sale properties" etc I don't think it has materialised, or if it has, not by much.

 

Let me explain...........I live in a small rental apartment here in Patong and it's okay for what I want, if a little small for practising my culinary skills, so I often go out and about looking to see if there are any rental or sale bargains out there, but I have never found them.

 

It seems as though the folk here believe that the situation is only a minor blip and it will get better in no time at all, whereas what they seem to overlook is the fact that Patong is essentially a tourist town and relies on the tourist dollar/baht in order to survive, which it is not doing at the moment, with many businesses closed, and I fear never to reopen.

 

I'm in my early 70s, so I don't want to spend out hugely because of my limited time on this planet, however if something were to come along which at least matched what I'm paying in rental at the moment, and was a "breakeven" proposition, and was also a bit bigger than my current one, then I would certainly be interested....... but I don't see that happening here?

 

IMO, part of the problem here is that the real estate agents con the owners into believing they can ask a high price for the property in order to get the owners to list it with them, so it becomes an unrealistic proposition for a potential buyer.