Siam Real Estate

[LordFlash 45]

Gentlemen,

 

As some of you know, I moved out here in November to start up the Pattaya branch of Siam Real Estate.

Well, things have been going very nicely and we now have an office located on the Sukhumvit Road and I have listed many of the new developments in and around Pattaya.

 

If you are looking to buy or sell a property or just need some advice, then please drop me a mail or give me a call.

 

Adam

Saraan House, 49/13-15, Moo 13,

Sukhumvit Road, Nongprue, Banglamung,

Chonburi 20260, Thailand.

Tel/Fax: +66 (0) 38 416947

Mobile: +66 (0) 848 648726

Skype User Name: adamkuhl1

www.siamrealestate.com

adam@siamrealestate.com

[kolobos 0]

Adam,

 

I keep on missing you at my bar Adam...like ships in the night!

 

When we get round to meeting I have a couple of clients that have property they want to move on, I have details in my bar if you want to take a peek.

 

In the meantime best of luck with your business.

[LordFlash 45]

I know! I will get up to see you again soon.

Hope all is going well and thanks for the leads.

 

Cheers

Adam

[Guest anto1]

Cant imagine any Farangs buying houses in Thailand at the present time.Condos with foreign ownership seem to be the way to go.

[LordFlash 45]

On the face of it you would be correct Anto. Condos are outselling houses by a huge amount. However, there are still plenty of Thai nationals out there looking to buy and sell as well as farangs who have Thai wives. There are a few housing developments that are selling each unit with an already established company as well. Now, if we can just get the government to allow us all to buy a small piece of land........

Sorry, went into dream mode there!

[gunzel3808 113]

LordFlash, I have a couple of questions, which other BMs may be interested in the answers, as well.

 

I am thinking of buying a condo in Thailand in the near future. When purchasing a condo in Thailand as a foreigner, do I have to have the funds in a a local bank account before I purchase?

 

I have been told that the money has to be in a local account, thence to be transferred to pay for the purchase at the time of settlement. I am married to a Thai (we were married in Sydney, last year) & we have a joint bank account in Thailand.

 

I wish to purchase the condo in our joint names. I have heard that apartment/condo buildings have a quota of foreign owners & once that level has been reached no more foreigners are allowed to purchase in that building. Is that correct? I will be purchasing a condo with no mortgage.

 

I am a secretary in a Strata body in Sydney & I believe that the building ownership situation is very different to the Strata sytem of common ownership that we have here in my state of New South Wales, Australia. How does the system work in Thailand? Also, what about ongoing maintenance costs & issues?

 

Thanks in advance, LordFlash.

 

[phw10 0]

Adam, Do you know any one that does renovation of condos?????????

[LordFlash 45]

Adam, Do you know any one that does renovation of condos?????????

 

PHW10,

 

I know of someone who purchases, renovates and sells on if thats what you are after?

Or do you have something to sell that you want renovated?

 

If you can PM me with more details and I will see what I can find for you.

 

Many thanks

LF

[LordFlash 45]

LordFlash, I have a couple of questions, which other BMs may be interested in the answers, as well.

 

I am thinking of buying a condo in Thailand in the near future. When purchasing a condo in Thailand as a foreigner, do I have to have the funds in a a local bank account before I purchase?

 

Yes, you will need to have the funds transferred into a local Thai bank account.

 

I have been told that the money has to be in a local account, thence to be transferred to pay for the purchase at the time of settlement. I am married to a Thai (we were married in Sydney, last year) & we have a joint bank account in Thailand.

 

I wish to purchase the condo in our joint names. I have heard that apartment/condo buildings have a quota of foreign owners & once that level has been reached no more foreigners are allowed to purchase in that building. Is that correct? I will be purchasing a condo with no mortgage.

 

Yes, the limit for foreign ownership for condos is 49%. Your lawyer will ensure that your purchase falls into this 49%. Alternatively, you could register it in your wifes name. Some deveopments offer a discount for Thai registration as it does not affect the valuable foreign share.

 

I am a secretary in a Strata body in Sydney & I believe that the building ownership situation is very different to the Strata sytem of common ownership that we have here in my state of New South Wales, Australia. How does the system work in Thailand? Also, what about ongoing maintenance costs & issues?

 

I don't know too much about the Strata system but I understand it is to do with the ongoing maintenance of a block of apartments. Usually, the developer here will maintain the building themselves after completion or turn it over to a 3rd party. Most have very high standards and will continue to keep the building in tip top condition. You will pay a set amount at handover of a figure per m2 that goes into a sinking fund. That is used for any major repairs and you will also pay an annual figure based on the size of your condo into a common area fund that is used to maintain the building. Both these amounts vary from building to building.

 

Let me know if you need any more info.

 

Thanks in advance, LordFlash.

 

[gunzel3808 113]

LordFlash - thank you for the answering my questions. I will check out the property scene when I come to Thailand, keeping in mind this good information you have supplied.