thai baht rate update

[naemlo]

Originally Posted by hosayboh

She owns the land but i think you can own the house and lease the land for a max of 3*30 years, so i think if anything happens.....well, they'll have to wait till next generation to pick the durian......

Guess you still dun get it or are prepare to throw the money into the drain.

Read this statement from a lawyer in Thailand,

"Even a well-constructed land lease and a separate option agreement to extend the lease between the landowner and the lessee cannot guarantee the timely renewal of the lease. A landowner may refuse to sign any registration for the lease extension beyond the 30-year expiration. Although the lessee can sue the landowner for breach of contract, the legal process entailed may be costly and time-consuming. "

After 30 yrs, if no agreement has reached, the owner of the house will have to demolish the house or give the house to the owner of the land. This is like throwing away mil of THB for 30 yrs of staying. Or in between 30 yrs, he and wife break up. He can't sell the house. He either stay in the house for 30 yrs or leave it vacant till 30 yrs as he can't sell the house as no one will want to buy the house without land. For both cases the owner of the land benefit from them.

But if the land belongs to the house owner then at least, he can sell away the house and land anytime and take the money back to SG to buy coffin.

Kow jai mai

[naemlo]

Originally Posted by Bebertov

From when to when in HCMC .. Need to book my tickets now..

Dunno yet. U can always go alone

[1stdesire]

Originally Posted by naemlo

How u remit THB from SG to Thailand??? I am curious about this.

Is not difficult at all. Just go to GM's BKK Forex and remit Thai baht to her account.

[naemlo]

Originally Posted by 1stdesire

Is not difficult at all. Just go to GM's BKK Forex and remit Thai baht to her account.

They accept THB from SG?? What is the transaction charges?

[Bebertov]

Originally Posted by naemlo

Dunno yet. U can always go alone

That place is not a place that I'll be struck on unlike bkk ... Unless someone willing to go , I won't bat an eyelid bro..

[hunterhi]

Wa, change playground lioa... Bring me there can? Xie Xie...

Originally Posted by Bebertov

From when to when in HCMC .. Need to book my tickets now..

Bro, You Never Walk Alone ma... ( Liverpool )

Originally Posted by naemlo

Dunno yet. U can always go alone

[naemlo]

Originally Posted by hunterhi

Wa, change playground lioa... Bring me there can? Xie Xie...

Received your money.... but can transfer more so that I can top up my DTAC too.

[hunterhi]

Ok, if u use DTAC, I can transfer my credit to u as I still got credit remain... So what is ur number...

Originally Posted by naemlo

Received your money.... but can transfer more so that I can top up my DTAC too.

[naemlo]

Originally Posted by hunterhi

Ok, if u use DTAC, I can transfer my credit to u as I still got credit remain... So what is ur number...

Better transfer to your tirak....

[hunterhi]

U also one of them ma...

Originally Posted by naemlo

Better transfer to your tirak....

[naemlo]

Originally Posted by hunterhi

U also one of them ma...

Tiu I not gay... go n look for your ah b. He likes asshole.

[hunterhi]

no la, i alo dun like MaN, he MIA lioa...???

Originally Posted by naemlo

Tiu I not gay... go n look for your ah b. He likes asshole.

[hosayboh]

Originally Posted by naemlo

Guess you still dun get it or are prepare to throw the money into the drain.

Read this statement from a lawyer in Thailand,

"Even a well-constructed land lease and a separate option agreement to extend the lease between the landowner and the lessee cannot guarantee the timely renewal of the lease. A landowner may refuse to sign any registration for the lease extension beyond the 30-year expiration. Although the lessee can sue the landowner for breach of contract, the legal process entailed may be costly and time-consuming. "

After 30 yrs, if no agreement has reached, the owner of the house will have to demolish the house or give the house to the owner of the land. This is like throwing away mil of THB for 30 yrs of staying. Or in between 30 yrs, he and wife break up. He can't sell the house. He either stay in the house for 30 yrs or leave it vacant till 30 yrs as he can't sell the house as no one will want to buy the house without land. For both cases the owner of the land benefit from them.

But if the land belongs to the house owner then at least, he can sell away the house and land anytime and take the money back to SG to buy coffin.

Kow jai mai

Not unimaginable, guess condo is the way to go....but the pricing sucks....
But actually, i think you might still be able to setup an offshore co to buy and own the land + house. Get a lawyer to setup some thai names on the board of directors w/o any voting rights, blah blah blah......heard this is done for foreign inventments into real expensive houses in Thailand. Not sure about the fee for such an arrangement thou.

[naemlo]

Just changed today 24.3

[Dylan_825]

Originally Posted by naemlo

Just changed today 24.3

The rates drop so much... any bro can suggest a good money changer in SG that opens till late like 9pm?

I flying off this saturday.. being working so long hours till no time to change thai baht!

Thanks bros!