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BANGKOK 21 February 2019 12:35
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ShopBoy

Supalai Monte @ Viang Chiang Mai

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need opinions on this development Supalai Monte @ Viang Chiang Mai from you locals here in CNX

do you think it's worth buying for investment ?

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I think that there is so many new condo's going up that it will be a long time before you could realize a profit in it.

Going to be the same with Malls once all the proposed once are ready for opening.

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do you think the location is good hello dolly ? better than most of the condo's that is on sale now ?

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excellent location. Near Star avenue where a Rimping supermarket is being built. Walking distance to the under construction Central Festival site. Near to ChiangMai business park area (BigCextra). Close to the bus station. Located right at Superhighway. However on frontage road and might be a traffic problem since its really close to the intersection. potential for capital gain. Its a winner! But its going to take 3 years before you get your keys and somewhat pricey for Chiang mai standards some people might feel. Other new condo projects aren't cheap as well.

A mcdonalds as well really closeby!

There is another project really close to it worth exploring in case you are interested is Punna Oasis Project.

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excellent location. Near Star avenue where a Rimping supermarket is being built.

Right, so that puts it way out on the superhighway ringroad. Not bad to get land or a house, but condominiums I would favor more in a true downtown area.

Remember what happened to other condos in the area, like RS Land.

I'd much rather look at a more low-rise development closer to the old town / river area. Even the big condo being built on Chang Klan road looks like a better bet.

Edited by WinnieTheKhwai

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excellent location. Near Star avenue where a Rimping supermarket is being built.

Right, so that puts it way out on the superhighway ringroad. Not bad to get land or a house, but condominiums I would favor more in a true downtown area.

Remember what happened to other condos in the area, like RS Land.

I'd much rather look at a more low-rise development closer to the old town / river area. Even the big condo being built on Chang Klan road looks like a better bet.

You are quite right WTK but people are queuing up overnight to own a piece of this. It's snap up on the first day of pre sales. Maybe the cheaper units are being snap up will see again on the 9th.

Edited by ShopBoy

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but people are queuing up overnight to own a piece of this. It's snap up on the first day of pre sales.

The bubble inflates a little bit more........

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but people are queuing up overnight to own a piece of this. It's snap up on the first day of pre sales.

The bubble inflates a little bit more........

Indeed and if 'ShopBoy' believes what he is told then I have a bridge to sell him. LOL queuing up overnight to own a piece of 'this'...laugh.png

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If it's going to be a building that high, then i hope everybody fails with their investments. I hope people with their greed buy up rooms and fail to rent them out. I hope the whole thing fails. Chiang Mai is being turned into a developers' playground, and greedy citizens are perpetuating the problems.

Just call the town Bangkok2.

And if the financial rug is swept from the world in the next year or so then we're going to have a lot of half-built buildings and tall condos just like in bangkok back in 97/98.

The whole ruination of things on this scale is based on the greed of the developers and the greed of those wanting to make some profit out of the destruction of the environment. Humans never learn.

I have to agree - somewhat.

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I also tend to agree somewhat.

This is not simple organic growth, to meet a need for new housing for locals and BKK people who want a second home in CM.

To me it is a sort of "build it, and they will come".

I think a lot of the developers see materials costs (steel, cement, etc.) going up, so they are taking a long term view and throwing up these buildings at a crazy pace, hoping the risk they take (with limited occupancy/purchases) will eventually pan out.

There seems to be a speculative element to all of this.

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excellent location. Near Star avenue where a Rimping supermarket is being built. Walking distance to the under construction Central Festival site.

Walking... right. Good luck crossing the superhighway there. wink.png

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