lifeline
01-05-13, 23:36
Hi Brothers and Sisters,
Last Saturday we went to a property talk on investing in Bangkok. I am not endorsing any developer or property. Just want to share with fellow brothers and sisters here info and statistics for further understanding and appreciation of overseas property investment, in this instance Bangkok. Phantom will esp like these charts to add to his collections!
Hope you all dun mind the resolution... it's the best I can do with my note 2 in dim lighting and far distance along with poor resolution of original slides meant to discourage copying.
some slides:
http://www.mediafire.com/convkey/38ca/hv0xcx1j7be1nff6g.jpg
http://www.mediafire.com/convkey/21d5/k5wpovmjm6f75zs6g.jpg
http://www.mediafire.com/convkey/819b/64ue7t11ehnryy36g.jpg
http://www.mediafire.com/convkey/739b/i6knh7p5dvw04bo6g.jpg
http://www.mediafire.com/convkey/bf63/sfv16g1djjvs5tm6g.jpg
http://www.mediafire.com/convkey/a295/8w6dz1cnp6i7h636g.jpg
http://www.mediafire.com/convkey/2e32/4u78bbjbk2cohfb6g.jpg
Please see more details of that talk here:
http://www.mediafire.com/?3stalhw2ze5o5
A few more points (from the talk) :
1. Lending rate in Thailand is ~7%.
2. Mortgage rate can get ~ 4 to 5%.
3. Got to prove money coming in from outside - my summarised understanding.
4. Rental Tax
a. Individual is 0.
I take this to mean unofficial cos never declare.
b. Corporate is 25%.
So go for individual.
Also split into rental for unit, and rental for furniture (though got to pay 7% VAT).
I did not verify the above info again with the presenter... so may have heard some parts wrongly.
5. Mainly for capital appreciation rather than rental yield (according to the saleslady).
http://www.mediafire.com/convkey/c1e6/9w2psz334r1uxb16g.jpg
If you see the tax chart (from friend's friend), take it that overall tax is about 10%.
My relatives just stayed at The River (South block is 2nd highest in Thailand!) and on the way back now. Very nice with convenient river transport. Original owner can get 9% rental yield based on original purchase price. Need to also factor in the lull non-occupied period though.
Friend's friend who has bought in Bangkok said above 200k baht psm (~782psf sgd) is expensive. To put in context, for this project, this developer launched several years ago at 200k baht psm and now asking for > 300k baht psm for 2br and above ! Perhaps these are the better premium units for international investors.
Well... put aside my work to compile these for the brothers and sisters here.
Hope it is useful.
It was really interesting to read about the various projects here.
Lots of info on the web and youtube, esp those 3d walkthrough.
Also the various banters on their local forums as well as skyscrapercity give more food for thoughts.
mcmlxxvi will like this `almost' mm project with 1000plus units already 50 to 60 % sold at launch.
http://www.youtube.com/watch?hl=en-GB&v=QpYLoN_SSl8&gl=SG
another flythrough
http://www.youtube.com/watch?v=NoqU5cJhI1A
Lastly H7N9 bird flu may be coming. Hope it is not going to be serious and the vaccine is out and ready by then.
Eat well, drink lots of fluids for hydration, rest well, appropriate exercise and get rid of stress to improve our body's immunity. Also masks may become necessary later on.
Sharing is caring. We should all come together and share, and agree to disagree. Why? cos stress will reduce immunity; unless the brothers here find forceful forum disagreements to be therapeutic ventilations - then carry on lor. I remembered some time back that Laguna suggested having some protocol on code of ethics for this forum. Perhaps the more senior forummers can come out with one?
Cheers,
lifeline
Last Saturday we went to a property talk on investing in Bangkok. I am not endorsing any developer or property. Just want to share with fellow brothers and sisters here info and statistics for further understanding and appreciation of overseas property investment, in this instance Bangkok. Phantom will esp like these charts to add to his collections!
Hope you all dun mind the resolution... it's the best I can do with my note 2 in dim lighting and far distance along with poor resolution of original slides meant to discourage copying.
some slides:
http://www.mediafire.com/convkey/38ca/hv0xcx1j7be1nff6g.jpg
http://www.mediafire.com/convkey/21d5/k5wpovmjm6f75zs6g.jpg
http://www.mediafire.com/convkey/819b/64ue7t11ehnryy36g.jpg
http://www.mediafire.com/convkey/739b/i6knh7p5dvw04bo6g.jpg
http://www.mediafire.com/convkey/bf63/sfv16g1djjvs5tm6g.jpg
http://www.mediafire.com/convkey/a295/8w6dz1cnp6i7h636g.jpg
http://www.mediafire.com/convkey/2e32/4u78bbjbk2cohfb6g.jpg
Please see more details of that talk here:
http://www.mediafire.com/?3stalhw2ze5o5
A few more points (from the talk) :
1. Lending rate in Thailand is ~7%.
2. Mortgage rate can get ~ 4 to 5%.
3. Got to prove money coming in from outside - my summarised understanding.
4. Rental Tax
a. Individual is 0.
I take this to mean unofficial cos never declare.
b. Corporate is 25%.
So go for individual.
Also split into rental for unit, and rental for furniture (though got to pay 7% VAT).
I did not verify the above info again with the presenter... so may have heard some parts wrongly.
5. Mainly for capital appreciation rather than rental yield (according to the saleslady).
http://www.mediafire.com/convkey/c1e6/9w2psz334r1uxb16g.jpg
If you see the tax chart (from friend's friend), take it that overall tax is about 10%.
My relatives just stayed at The River (South block is 2nd highest in Thailand!) and on the way back now. Very nice with convenient river transport. Original owner can get 9% rental yield based on original purchase price. Need to also factor in the lull non-occupied period though.
Friend's friend who has bought in Bangkok said above 200k baht psm (~782psf sgd) is expensive. To put in context, for this project, this developer launched several years ago at 200k baht psm and now asking for > 300k baht psm for 2br and above ! Perhaps these are the better premium units for international investors.
Well... put aside my work to compile these for the brothers and sisters here.
Hope it is useful.
It was really interesting to read about the various projects here.
Lots of info on the web and youtube, esp those 3d walkthrough.
Also the various banters on their local forums as well as skyscrapercity give more food for thoughts.
mcmlxxvi will like this `almost' mm project with 1000plus units already 50 to 60 % sold at launch.
http://www.youtube.com/watch?hl=en-GB&v=QpYLoN_SSl8&gl=SG
another flythrough
http://www.youtube.com/watch?v=NoqU5cJhI1A
Lastly H7N9 bird flu may be coming. Hope it is not going to be serious and the vaccine is out and ready by then.
Eat well, drink lots of fluids for hydration, rest well, appropriate exercise and get rid of stress to improve our body's immunity. Also masks may become necessary later on.
Sharing is caring. We should all come together and share, and agree to disagree. Why? cos stress will reduce immunity; unless the brothers here find forceful forum disagreements to be therapeutic ventilations - then carry on lor. I remembered some time back that Laguna suggested having some protocol on code of ethics for this forum. Perhaps the more senior forummers can come out with one?
Cheers,
lifeline