Emigrating to LOS

[Cat Man]

Originally Posted by lestat_666

Whoa so glad there is such a thread for everyone to share info on emigrating to LOS. Thanks Catman!

Does anyone here have some basic knowledge on the procedures to apply for Thai fiance visa?

And does anyone know if Thai authorities have severe penalties for foreigners if caught for scam marriages?

You're welcome.

For questions regarding visa procedures, I suggest you go to www.thaivisa.com forum or www.thaiimmigration.com (a very good forum answered by people working with the immigration authorities, but unfortunately closed now). Anyways, I don't think you can get a fiance visa. You must be legally married to a Thai to get a "O" visa for foreign husband supporting Thai wife.

Scam marriage means what? You pay the girl to register marriage with you? I dunno whether there will be "severe" penalties, but believe me, you don't want to end up in a Thai jail even for a few days!

[naemlo]

After reading about buying condo, percentage of foreigners n other issues makes me blur.

I was in BKK last mth to check out n view a showunit in Wireless. The whole project will be ready only by Oct 2006. This is a freehold property.

I was refered to Bangkok bank for the finance.

Condition,
Singaporean can loan up to 70% of the sales price
Foreigner, 50%
Max loan amount is SGD 1mil
Min loan amount is SGD 100k

Max loan Tenure is 15 yrs.

Interest Rate, 6%

Please note approval of loan is subject to applicant's financials standing.


1 thing to take note is the total number of units for the project, the max number of foreigners can buy is 49%. This means if the whole building has 100 apartments, the developer of the condo can only sell 49 units to foreigners n the rest to local. BTW Thai PR is considered as foreigners.

Assume, I'm buying, a 2 rooms apartment, 146.6 sqm and net price is 17 mil THB.

1) A deposit of 250k.
2) 20% Contract signing 3.1mil (payable after 7 days of deposit)
3) 10% down payment 1.69mil (payable after signing the contract)
4) 70% Transfer from oversea of the balance 11.8mil (payable upon the title deed transfer date).
So I need to go to Bangkok Bank in S'pore, get the loan approve n transfer this 70% loan to BKK.

[U-Need]

Originally Posted by danls79

after hearing so much for you all can someone tell mi how much does a condo in bangkok cost in sing dollar . cause i have been thinking for buying a condo in bangkok but i dont know how much will the cost add up to.

Presently, The areas that are good for investment are:

Rama 3
It is said to be the new business area. It is also link to the new mega structure project and the first to get BRT. There are many new condo erected there now.

For a normal condo with 2 bed room, around 65-70 sqm, it could cost you around 3 - 5 mil depends on the property developer

Important to be aware is as it is located near the river, some areas are probe to flood. Take note of that.

Bangna / Bangna-trad / Srinakarin / Sukumvit 77 & Udom-Suk
It is the in-thing to buy for obvious reasons - the new airport, the connected motor-way (Mega-Structure Project) as well as the new infrastructure planned for that area.
If there is no traffic jam, it takes roughly 20 minutes to reach town if it is located at the Bangkok side. 30 minutes, if it is located at the Samut Prakan side.


For a normal condo with 2 bed room, around 65-70 sqm, it could cost you around 2.5 - 4.5 mil depends on the property developer

This is one of the developer : http://www.bestbuycondo.com

[siamcutey]

Originally Posted by naemlo

After reading about buying condo, percentage of foreigners n other issues makes me blur.

I was in BKK last mth to check out n view a showunit in Wireless. The whole project will be ready only by Oct 2006. This is a freehold property.

I was refered to Bangkok bank for the finance.

Condition,
Singaporean can loan up to 70% of the sales price
Foreigner, 50%
Max loan amount is SGD 1mil
Min loan amount is SGD 100k

Max loan Tenure is 15 yrs.

Interest Rate, 6%

Please note approval of loan is subject to applicant's financials standing.

Assume, I'm buying, a 2 rooms apartment, 146.6 sqm and net price is 17 mil THB.

1) A deposit of 250k.
2) 20% Contract signing 3.1mil (payable after 7 days of deposit)
3) 10% down payment 1.69mil (payable after signing the contract)
4) 70% Transfer from oversea of the balance 11.8mil (payable upon the title deed transfer date).
So I need to go to Bangkok Bank in S'pore, get the loan approve n transfer this 70% loan to BKK.

Few things to take note
1. The reputation of the developer n its sub-contractors as the project will only be ready in year 2006 Oct. Few years back the economy bubble that burst in thailand still have many properties left built half-way there as many contractors went bust.

2. If the condo at Wireless is being rented out, what would be the market rate for rentals around that area?

SC

[U-Need]

Originally Posted by siamcutey

Few things to take note
1. The reputation of the developer n its sub-contractors as the project will only be ready in year 2006 Oct. Few years back the economy bubble that burst in thailand still have many properties left built half-way there as many contractors went bust.

2. If the condo at Wireless is being rented out, what would be the market rate for rentals around that area?

SC

Agreed with SC completely!!! In 1997 & 1998, when the bubble burst, even some the most established property firm went bankrupt.

Hence presently the expected rising Minimum Lending rate (MLR), Minimum Overdraft Rate (MOR) and Minimum Retail Rate (MRR), there could be concerned over the repayment and the good will of the property developer

[naemlo]

Originally Posted by siamcutey

Few years back the economy bubble that burst in thailand still have many properties left built half-way there as many contractors went bust.

Yup, this the worry thing. But from the no. of units sold, it looks promising. This building consists of 30 storeys n the only few left units r in 15, 16, 4, 5, 7. From the stat, This project is by Hemaraj Land n Development Public Company Limited. 13000mil THB project n paid up abt 6000mil with the support from Krungthai Bank . Anyway all these stat might be just a indication, whether the project will complete, god knows.

Originally Posted by siamcutey

2. If the condo at Wireless is being rented out, what would be the market rate for rentals around that area?

I have no idea in this.

[singrakthai]

Originally Posted by U-Need

Presently, The areas that are good for investment are:
Rama 3
It is said to be the new business area. It is also link to the new mega structure project and the first to get BRT. There are many new condo erected there now.
For a normal condo with 2 bed room, around 65-70 sqm, it could cost you around 3 - 5 mil depends on the property developer

hi hi!!! I saw 1 big sign board at the South Sathorn, Thaksin Bridge junction... about a property condo at Rama3... it says 1.5Mill up.... is this the one u talking about? Very tempting...
U've any property investments in Thailand?

[U-Need]

Originally Posted by singrakthai

hi hi!!! I saw 1 big sign board at the South Sathorn, Thaksin Bridge junction... about a property condo at Rama3... it says 1.5Mill up.... is this the one u talking about? Very tempting...
U've any property investments in Thailand?

There are many property development there, I believe the one that you saw is from "The Master Condo" or something like that, usually the BT1.5 mil units are sold off way before they put on the sign board. It is a marketing strategy.

I have a house in Rama 5 (for the weekend) by the property developer Land & House and a condo in Asoke for the weekday.

[U-Need]

Originally Posted by singrakthai

hi hi!!! I saw 1 big sign board at the South Sathorn, Thaksin Bridge junction... about a property condo at Rama3... it says 1.5Mill up.... is this the one u talking about? Very tempting...
U've any property investments in Thailand?

There are many property development there, I believe the one that you saw is from "The Master Condo" or something like that, usually the BT1.5 mil units are sold off way before they put on the sign board. It is a marketing strategy.

I have a house in Rama 5 (for the weekend) by the property developer Land & House and a condo in Asoke for the weekday.

There are a few developers there are quite good:

http://www.scasset.com/indexEng.htm#
http://www.plus.co.th/main_en.php
http://www.sansiri.com/en/
http://supalai.thaisobuy.com/front/b...rt=project-eng

It is up to you to see and judge

[tionggoklan]

Originally Posted by naemlo

................Max loan Tenure is 15 yrs.........Interest Rate, 6%.....................Assume, I'm buying, a 2 rooms apartment, 146.6 sqm and net price is 17 mil THB.

1) A deposit of 250k.
2) 20% Contract signing 3.1mil (payable after 7 days of deposit)
3) 10% down payment 1.69mil (payable after signing the contract)
4) 70% Transfer from oversea of the balance 11.8mil (payable upon the title deed transfer date).
So I need to go to Bangkok Bank in S'pore, get the loan approve n transfer this 70% loan to BKK.

Wow, from the figure above, Thai property is not very much cheaper than here? Maybe cos this 1 is free-hold? At exchange rate of 1:24, its >700k sgd.

Any Bro know, how much would a 100-120sqm apartment at an average location normally cost?

[naemlo]

Originally Posted by tionggoklan

Wow, from the figure above, Thai property is not very much cheaper than here? Maybe cos this 1 is free-hold? At exchange rate of 1:24, its >700k sgd.

Cos of its size n location in Wireless Road, 5 mins walk to BTS, few mins drive to Sukumvit n Shopping centres, like MBK. It is semi furish.

Originally Posted by tionggoklan

Any Bro know, how much would a 100-120sqm apartment at an average location normally cost?

Depends on location, very diffcult to name the cost. In Sukumvit soi 30, it should cost abt 5-8 mil.

[Cat Man]

Originally Posted by naemlo

Cos of its size n location in Wireless Road, 5 mins walk to BTS, few mins drive to Sukumvit n Shopping centres, like MBK. It is semi furish.

bro naemlo, which condo you checked out - is it the one going to be built behind Plaza Athenee?

[danls79]

bro how much would a average condo in sukumvit cost mi in sing dollar as i also like to invest in thailand and how much rent would i get for one month if i rent it out ? no lar bro siam cutey my co also support the idea .

[naemlo]

Originally Posted by Cat Man

bro naemlo, which condo you checked out - is it the one going to be built behind Plaza Athenee?

The condo is called, The Park Chidlom.

[siamcutey]

Originally Posted by danls79

bro how much would a average condo in sukumvit cost mi in sing dollar as i also like to invest in thailand and how much rent would i get for one month if i rent it out ? no lar bro siam cutey my co also support the idea .

If you want to aim for Japanese expats, aim for the area around Suk 24-26 that side. There got a very huge expat market and the rent can get very high. Prices of the condo not cheap too. But rental should be easy as these Japanese normally on Company accounts and dickfood as well.

But then I have an idea for you to be a small landlord first. Go for a less than 1 million baht condo first/freehold and then see how much rental u can get from it. If you cannot get back the money u paid for this condo via rental in 12 years, don't think of buying the condo. If 1 works, then you slowly buy a few more to get the hang of it.


SC