An update for you, lately every time we do one of these videos we get many inquiries and have helped several people buy and rent condos and villas all over Thailand. So if you are interested in any of these Noble condos, reach out to us at connect@retiredworkingforyou.com and Adam will hook you up with Kirk. If you are interested in any condo or villa sales or rentals, learn more about RW4U Real Estate here: retiredworkingforyou.com/realestate/ and we are here to help make your Thailand dreams come true.
Nah , $7000/sqm ??? I would rather buy a villa in Houston, Austin, Texas for only $1700 to $2000 per sqm . Or a luxurious condo in Manila for only $3000/sqm
@@dongshengdi773 That's your prerogative, BUD. You're looking at UPSCALE apartments close to city centers in Thailand. If you think living in Texas is ANY way equivalent, you're not just narrow minded zionist who is LACKING CULTURE. Additionally, you can spend all that money to live in a backwards ass state while your cost of living are sky high and your purchasing power is not remotely comparable. Lastly, NO ONE GIVES A DAMN that you want to live in the states, expand your little world or cope harder.
Assuming this a paid advertisement for Noble. Someone was paid indirectly or directly for this advert. You should put the tag paid advertisement in the top left of the video.
I brought a condo unit in the very first highrise that Noble did back in 1997. I snapped it up cheap after the economic crisis Thailand was going through back then. Some hints I could pass on to any potential foreign buyers 1) consider buying only if you plan to keep it very long term in Thailand and/or rent it out as an investment. Do not expect any potential capitals gains. 2) apart from the bricks, mortar and flashy condo facilities that can easily seduce you ask about their monthly common area fee, sinking fund and an English translation of their "Condo rules and regulations" that Noble (or the developer) wrote and registered with the Lands Dept. You may find these add significantly to the cost and some crazy - even illegal, rules in there. Ask what company was contracted to manage the condo? and who is the Juristic Manager? Many developers will set up a subsidiary company under a different name with the exact same directors and shareholders and contract this company using their own employees to be juristic manager and condo management staff. For very new condos co-owners do not yet know their neighbours and so are none the wiser of what is going on behinds the scenes. At the AGM they do not know that the people volunteering to be voted in on the condo board are all in fact employees of the developer as the developer will still own condo units/floor area and so maintain voting rights. This sets up a conflict of interest and will be fully used by the developer to forward their interests over those of other co-owners including not paying their common area fees for any of the developer's unsold condos. Under the Thai Condominium Act 1979 only the Juristic manager can sign legal documents such as contracts for management company, security guards, lift maintenance contract, etc including hiring lawyers to lodge law suits against a developer! Good luck with that if the JM is an employee whose being paid by the developer! If Condo rules contravene the Condo Act then to get them changed requires a 75% AGM majority vote and the JM to sign off on them when lodged with the Lands Dept. Yes catch 22! There are a lot of hidden pitfalls for the unaware so do your due diligence!
@@moonlightmistandmemories9623 For Thailand condo owners condo Common Area fees are typically paid on an annual basis and the cost amount depends on the square meter size of your condo. I pay 26,000 baht annually for my 50sqm Noble condo which is walking distance from the Phayathai BTS station (very central Bangkok). There are also "Sinking Fund" fees and the condo directors could also add one-off additional fees to replace lifts, paint the condo, seal leaking wall cracks, replace water/wastewater/fire sprinkler pipes etc.
Do you think dealing with a large company like Noble or companies with a good track record is better at protecting owners against HOA fiasco's you've mentioned? I've had some bad experiences with hoa's in hawaii so i know its hard to avoid the pitfalls wherever a $ can be made/stolen from unsuspecting owners
@@gregh7457 My advice is to buy an older condo (5 years +) and avoid altogether the developer big players who are still trying to sell their condo units in their newly constructed building (and therefore maintain voting rights at the AGM). The existing unit owners will be familiar with their building and the management company. Avoid a condo whereby it is managed by the condo developer (albeit under a different company name unknown to most condo owners) as the developer can register with the Thai Lands Dept. to manage the condo for a set number of years after they have sold the first condo unit.
Pete, excellent comment. I could write a book on the pitfalls of buying a condo. I have looked at countless "opportunities" but still rent. Recently, I had my lawyer do the due diligence on a development. They completed their investigation satisfactorily and asked to see the purchase contract. The developer refused to provide this without receiving a non-refundable 50,000 "booking fee". I declined their offer.
One of the riskiest investments is a Bangkok condo. 1. The long term ROI isn’t amazing 2. Rentals in BKK are ultra competitive in the renters favour 3. Since a lot of these condo are shoeboxes. You could have a crap neighbours left, right, up and down and there’s not much you can do. 4. The heat effects the outside of the building and it’s a wish and a prayer that the freeholder maintains the premises in the long term. 5 Loads more issues that I can’t fit it. Don’t do it. Just rent!
Totally agree. I love Bangkok and Thailand but id never buy a condo here. Having rented short term in so many of them, ive seen how even the higher end stuff can just fall apart if not maintained properly and there's nothing you can really do about it if you're unlucky. It's so cheap to rent too if you're a bit diligent. Doesn't make sense to me
@@TomBedlammusic We ended up buying a house here. Didn't want to rent as I don't like the idea of having to ask permission to paint a wall or whatever, when I'm a full-grown man. Also don't like paying to maintain / improve other people's property.
@@BobbyDazzler888 I posted another comment detailing my experience. Will never buy another Noble condo again unless they are not managing the condo too.
It's worth paying a bit more for a more central location like Asok, plus the demand is greater and easier to resell, just my two bits. Further out locations you wont find many Foreigners living there and less things to do. You are a smart guy Chris, you never show the prices in Canadian $$$, and scare the day lights out of us. 🤣🤣🤣 Great video Chris
These new condos are over-priced shoeboxes. Two bedrooms in 34 square metres - that's insane. Many new condo buildings are nothing more than a tower of identical shoeboxes in the sky. Every unit has the same fittings and finishes; when you sell, you have to hope that demand exceeds supply. Good luck with that - "hope" is not a strategy! Another point. The developers often have a float of around 20% to sell once the "off plan" sales are exhausted. To move these unsold units, they run “promotions". I have visited buildings where the "promotion" price is at least a 20% discount on the original asking price. By all means buy a condo in Thailand, but you need to do extensive due diligence to establish the reality of supply and demand. This is not easy as you cannot consult a public register of recorded sales. And finally, the ongoing maintenance of the building depends entirely on the desire of your co-owners/neighbours to keep the common areas in best condition and thus maintain the value of the building. Chok dee and sup with a very long spoon 😀.
I've stayed in Jomtien in condos of that size for Airbnb short stays and it was difficult to store the content of my medium size luggage. I know that Asian people tend to leave with less amount of stuff (good thing), but I cannot imagine how a couple can comfortable live long term in an apartment of that size. No matter how nice the common areas can be.
Totally agree. This is same size as my room at university that I shared with another person. Just the thought of a sharing with my spouse such a small space does not work for me. I need my garden and outdoor space to keep my sanity.
Chris (or anyone with knowledge), how "typhoon-proof" are these newer condos (window strength, building sturdiness etc.)? How are they rated for earthquakes?
I'm cheap and I love the FIRST one. I'm planning to visit Thailand in the next year, I don't know yet if this is the route I'm going to take but it's pretty awesome to see Thailand doing so well. Thai people are amazing and I can't wait to visit.
Yeah, Bt200k+ per sqm aka Bt5m+ for a 26sqm shoebox on the edge of Bangkok is the bargain of a lifetime ! In the world of sensible investments this is down there just above magic beans.
Thanks for the video. It’d be interesting if you did a video on the property types in Thailand as well (e.g. freeholds, leaseholds). I imagine that some investors would feel more inclined to purchase certain property types over others.
Hey chris. I genuinely love all of your videos. On both channels. I came home From my one month trip to bangkok, I came home sold everything. Put my house up for sale. I'll be on my way over there some time over the next sixty days.. permanently. Something no one has ever touched. Base on that I have seen. Would you please go into some detail on one of your videos regarding condo HOAs. Homeowner associations. And any fees associated with them if there's any that are similar or standard. Would be a giant help as i'm looking to invest into at least ten units personally.
when you do another apartment topic, can you please address the issue of noise from your neighbours up, down left, right. Having lived in China for many years, the ability to stop the noise is at the top of the issues. Does the estate management get involved or do you call the cops?
Man I am seriously thinking about this. Just debating whether it's better to be in the heart of the city or on the outskirst where it's quieter. Also should we buy in Bangkok or Chiang Mai/Phuket.
If you buy a condo in Thailand you pay, on an annual basis, the "common area fee" and this is based on the floor area of your condo. The common area fee pays for the security guards, cleaners (of the common areas), pool and garden upkeep, maintenance personnel, and condo management personnel salaries. When you buy a condo you also pay the "sinking fund" which are big cost items that periodically crop up like replacing lifts, painting the condo, replacing pipes, etc. I purchased a 50sqm central Bangkok city Noble condo and pay a common area fee of about 26,000 baht per year.
The MRT station they reference isn't complete yet and its unknown when that line will open. If you pull it up in Google Maps and look around there's no much in the area. So for the time being you're going to need to commute by bike/car to get anywhere, and its a long ways from most of the places people will want to go. You're basically gambling that once the MRT station opens up, the area around it will become more developed.
Hi Chris & everyone! I’m truly grateful to hear s/o cheering Noble dev in here since I’ve just decided to own my first condo units in my life from them; it’s Nue Riverest project which plan to b finished in 2025 n I confirm that Noble crafts things right to their target as if u still mind the peacefulness & riverside vibe like u r staying at riverside resort hotel while u can take short time to city, sukhumvit , Sathorn and tourist places i.e. ICONSIAM, Asiatique, Old China town areas..here the place for you . & It would b my honor to welcome you to review the place and lovely guest(s) in this community to enjoy this vibe.😊 keep in touch! I’m alway stay tuned or updated at yr channel ka🙏 Ann
I wonder, if you have 10%-30% unoccupied, there is not dues coming in for reserves. With new unites, maintenance can e deferred, but for how long. Without funded reserves, upkeep can slip.
Hi Chris, you make fantastic videos and you have a great sense of humor. I used to live upstate New York about 2 hours from Montreal. I have been living in Hawaii for the last 8 years. I am moving to Thailand soon. I applied for an elite visa and waiting to be approved. I can’t wait to get there and go on some of your tours. Can you answer a question for me. Can I deposit a check into a Thai bank from my bank account in Hawaii when I move there. I don’t know if they accept foreign check deposits. Thanks Chris.
I really like this video. Just goes to show how far you’ve gone with this TH-cam channel. The prices for those condos are competitive against similar properties stateside for singles working from home. I consider Thailand to be the best neutral ground for business with Chinese citizens as foreigners won’t be hassled and Chinese citizens can do business without CCP looking over their shoulders to take their cut. Foreigners trying to rent out their units will have to compete with the other 51% Thai ownership playing the same game, so their return will probably be less than mortgage rate-but only chumps would pay mortgage in Thailand. Better to buy it outright, live in it while property appreciates in equity. Just do due diligence in checking long term stability issues regarding the property. The recent election does show good indicator of political stability as no violence occurred during the vote. I don’t have time to list other risks. You’re doing a great service for Thailand with your videos… keep up the good work! If I had the money, I’d live there too.
exactly. not worth it. Imo the prices peaked in Thailand and right now it’s not a good investment meaning its price wont appreciate as much as a dubai apartment or a southern EU aoartment in a long run
One challenge we have with finding a condo getaway is finding a building that will allow pets! Options are limited. We find we are looking at detached homes very often. Is it possible to cover ways a foreigner with Thai spouse can finance a condo?
I have seen recent high rise condo developments in Bangkok that are "pet friendly" - that will allow owners to keep their pet dog, cat or whatever. Possibly a marketing ploy to increase the numbers of potential buyers? I have never lived in a condo that allows pets. Note that non Thai buyers of Thai condos can only buy a maximum of 49% of the private floor area for sale.
For us farangs, renting is the way for happiness. All these brand new Condos are NOT an investment, it's a life style product which the developer wants to sell to naive people.
Not worth it for investment by the looks of it. Appreciation is questionable and for this price, you can probably rent forever even considering rent increases.
Hi Chris, recently discovered your channel and I’m really enjoying your content. Myself and my family are thinking of coming out in the autumn. I have two young children (2yo & 6months). Can you do a video on tips for young families holidaying and getting around Thailand please? Many thanks, Chris
Nice tour but we need all the basic numbers related to carrying costs dude ! Tax? Sinking Fund? Common Charges ? Can’t retire without knowing all costs ! 😎
Ugh why am I not buying in Thailand !!!! That’s so cheap! I need to sort myself out. I have 100K just sitting in a short term investment fund. I definitely need to rethink things….
Hey y’all ! The only thing you have to know before coming to Thailand about cheaper condos is that they almost all require 6 month contracts or the prices change drastically ! Enjoy y’all !
Noble Group Profits 2019 - "The Company and its subsidiaries generated revenue of 15,038.5 million Baht and net profits of 3,071.2 million Baht, which is the highest revenue and net profit of the Company since its founding". quoted from company accounts 2019.
Somewhat small and pricy for most of their condos. They have great facilities and locations, but wow, prices are going crazy. At this rate only the wealthy Thais will be buying soon. All to rent out of course.
Yes average condo size is getting smaller. I understand that building law in Bangkok limits self-contained condos to 28sqm! I think that a condo has to be at least 60sqm to get one car park space noted on the title deed. Less area than this and the developer just has to provide "adequate" car parking.
My advice. Don't buy. Rent. You can always walk away from a rental. Thailand is a country I'm considering for retirement. If you really want to buy. Speak to someone (not the builder or realtor as they are not disinterested parties) who actually owns there or rents there and ask their opinion about the building and management, any special assessments etc. Westerners (like me) are conditioned to believe that home ownership is the way to go. Most times yes, however not in a country where you can't completely own a house and where condos have control of hoa fees etc. Protect your retirement money. Good Luck.
Nice video but if this is a promo or Chris gets commission for the video and/or referrals, it should he clearly stated. It is perfectly OK to do promos, but if an economic incentive is present it should be disclosed.
Conclusion is that foreign buyers should be very careful when buying a condo in Thailand. They should only buy if they plan to keep it for a long time and/or rent it out as an investment. They should also be aware of the monthly common area fees, sinking fund, and condo rules and regulations. Additionally, they should find out who is managing the condo and who is the juristic manager. The author warns that many developers will set up a subsidiary company to manage the condo, which can lead to a conflict of interest. The author also warns that condo rules may contravene the Condominium Act, and it can be difficult to get them changed. The author's overall conclusion is that buyers should do their due diligence before buying a condo in Thailand.
10:09 Imagine that, living in a "3rd world country" and spending 433,000$ to live in a 58 SQM/620 SQ FT shoe box.... just ridicules! Tipp, look for older buildings, u get the same ammentities (yeah a bit older, but your new one will look old in just 3 years or so) but u get for the same price something above +150 SQM, with a large balcony, possibility to open windows and so much more
I wish they ask the most important question that is maintenance price and who takes care of them. What happens when neighbors has issues and they are not there that affects the bottom home like a leak? Are there monthly condo dues? These videos are worthless without asking and answering more important questions
An update for you, lately every time we do one of these videos we get many inquiries and have helped several people buy and rent condos and villas all over Thailand. So if you are interested in any of these Noble condos, reach out to us at connect@retiredworkingforyou.com and Adam will hook you up with Kirk. If you are interested in any condo or villa sales or rentals, learn more about RW4U Real Estate here: retiredworkingforyou.com/realestate/ and we are here to help make your Thailand dreams come true.
Nah , $7000/sqm ???
I would rather buy a villa in Houston, Austin, Texas for only $1700 to $2000 per sqm .
Or a luxurious condo in Manila for only $3000/sqm
Thanks for the info but some of the video quality not good because of the new camera I believe
Pro Tip: Don’t buy condos in Bangkok. After a few years they become notoriously hard to sell on at the market rate.
@@dongshengdi773 That's your prerogative, BUD. You're looking at UPSCALE apartments close to city centers in Thailand. If you think living in Texas is ANY way equivalent, you're not just narrow minded zionist who is LACKING CULTURE.
Additionally, you can spend all that money to live in a backwards ass state while your cost of living are sky high and your purchasing power is not remotely comparable. Lastly, NO ONE GIVES A DAMN that you want to live in the states, expand your little world or cope harder.
Assuming this a paid advertisement for Noble. Someone was paid indirectly or directly for this advert. You should put the tag paid advertisement in the top left of the video.
I brought a condo unit in the very first highrise that Noble did back in 1997. I snapped it up cheap after the economic crisis Thailand was going through back then. Some hints I could pass on to any potential foreign buyers 1) consider buying only if you plan to keep it very long term in Thailand and/or rent it out as an investment. Do not expect any potential capitals gains. 2) apart from the bricks, mortar and flashy condo facilities that can easily seduce you ask about their monthly common area fee, sinking fund and an English translation of their "Condo rules and regulations" that Noble (or the developer) wrote and registered with the Lands Dept. You may find these add significantly to the cost and some crazy - even illegal, rules in there. Ask what company was contracted to manage the condo? and who is the Juristic Manager? Many developers will set up a subsidiary company under a different name with the exact same directors and shareholders and contract this company using their own employees to be juristic manager and condo management staff. For very new condos co-owners do not yet know their neighbours and so are none the wiser of what is going on behinds the scenes. At the AGM they do not know that the people volunteering to be voted in on the condo board are all in fact employees of the developer as the developer will still own condo units/floor area and so maintain voting rights. This sets up a conflict of interest and will be fully used by the developer to forward their interests over those of other co-owners including not paying their common area fees for any of the developer's unsold condos. Under the Thai Condominium Act 1979 only the Juristic manager can sign legal documents such as contracts for management company, security guards, lift maintenance contract, etc including hiring lawyers to lodge law suits against a developer! Good luck with that if the JM is an employee whose being paid by the developer! If Condo rules contravene the Condo Act then to get them changed requires a 75% AGM majority vote and the JM to sign off on them when lodged with the Lands Dept. Yes catch 22! There are a lot of hidden pitfalls for the unaware so do your due diligence!
@@moonlightmistandmemories9623 For Thailand condo owners condo Common Area fees are typically paid on an annual basis and the cost amount depends on the square meter size of your condo. I pay 26,000 baht annually for my 50sqm Noble condo which is walking distance from the Phayathai BTS station (very central Bangkok). There are also "Sinking Fund" fees and the condo directors could also add one-off additional fees to replace lifts, paint the condo, seal leaking wall cracks, replace water/wastewater/fire sprinkler pipes etc.
Do you think dealing with a large company like Noble or companies with a good track record is better at protecting owners against HOA fiasco's you've mentioned? I've had some bad experiences with hoa's in hawaii so i know its hard to avoid the pitfalls wherever a $ can be made/stolen from unsuspecting owners
@@gregh7457 My advice is to buy an older condo (5 years +) and avoid altogether the developer big players who are still trying to sell their condo units in their newly constructed building (and therefore maintain voting rights at the AGM). The existing unit owners will be familiar with their building and the management company. Avoid a condo whereby it is managed by the condo developer (albeit under a different company name unknown to most condo owners) as the developer can register with the Thai Lands Dept. to manage the condo for a set number of years after they have sold the first condo unit.
Pete, excellent comment. I could write a book on the pitfalls of buying a condo. I have looked at countless "opportunities" but still rent. Recently, I had my lawyer do the due diligence on a development. They completed their investigation satisfactorily and asked to see the purchase contract. The developer refused to provide this without receiving a non-refundable 50,000 "booking fee". I declined their offer.
Yea lots of small print and as cheap at it is to rent why not stay free to fly
One of the riskiest investments is a Bangkok condo. 1. The long term ROI isn’t amazing 2. Rentals in BKK are ultra competitive in the renters favour 3. Since a lot of these condo are shoeboxes. You could have a crap neighbours left, right, up and down and there’s not much you can do. 4. The heat effects the outside of the building and it’s a wish and a prayer that the freeholder maintains the premises in the long term. 5 Loads more issues that I can’t fit it. Don’t do it. Just rent!
Totally agree. I love Bangkok and Thailand but id never buy a condo here. Having rented short term in so many of them, ive seen how even the higher end stuff can just fall apart if not maintained properly and there's nothing you can really do about it if you're unlucky. It's so cheap to rent too if you're a bit diligent. Doesn't make sense to me
@@TomBedlammusic We ended up buying a house here. Didn't want to rent as I don't like the idea of having to ask permission to paint a wall or whatever, when I'm a full-grown man. Also don't like paying to maintain / improve other people's property.
@@markseymour8365 Condos different to houses though. Generally speaking you should get more out of a house in the long term.
@@markseymour8365 ah absolutely, a house makes way more sense. More in control.
@@Visor8888 Sorry, I'm not really sure what you mean?
How much are the association fees per month and real estate taxes for the unit?
I live in a Noble condo and it was a nightmare to start with until we got rid of their condo Noble management.
Same
@@BobbyDazzler888 I posted another comment detailing my experience. Will never buy another Noble condo again unless they are not managing the condo too.
Thank you. That’s all I need to know.
@@bengmelea8646 that is exactly why you buy one that is a few years old after they have gotten rid of the Noble management
what noble managment do to be that terrifying
You never say price for the monthly HOA of these condos.
Ill be there in a few days! Glad to be back.
It's worth paying a bit more for a more central location like Asok, plus the demand is greater and easier to resell, just my two bits. Further out locations you wont find many Foreigners living there and less things to do. You are a smart guy Chris, you never show the prices in Canadian $$$, and scare the day lights out of us. 🤣🤣🤣
Great video Chris
Tong Lo is where you want to be.
How much are the maintenance costs.
These new condos are over-priced shoeboxes. Two bedrooms in 34 square metres - that's insane. Many new condo buildings are nothing more than a tower of identical shoeboxes in the sky. Every unit has the same fittings and finishes; when you sell, you have to hope that demand exceeds supply. Good luck with that - "hope" is not a strategy! Another point. The developers often have a float of around 20% to sell once the "off plan" sales are exhausted. To move these unsold units, they run “promotions". I have visited buildings where the "promotion" price is at least a 20% discount on the original asking price. By all means buy a condo in Thailand, but you need to do extensive due diligence to establish the reality of supply and demand. This is not easy as you cannot consult a public register of recorded sales. And finally, the ongoing maintenance of the building depends entirely on the desire of your co-owners/neighbours to keep the common areas in best condition and thus maintain the value of the building. Chok dee and sup with a very long spoon 😀.
I've stayed in Jomtien in condos of that size for Airbnb short stays and it was difficult to store the content of my medium size luggage. I know that Asian people tend to leave with less amount of stuff (good thing), but I cannot imagine how a couple can comfortable live long term in an apartment of that size. No matter how nice the common areas can be.
@@walternyc These aren't "homes", they are hotel rooms. I don't understand why people buy them.
Totally agree. This is same size as my room at university that I shared with another person.
Just the thought of a sharing with my spouse such a small space does not work for me. I need my garden and outdoor space to keep my sanity.
What is the range on the monthly fees (or whatever they're called ) ?
That would be really nice to know
Chris (or anyone with knowledge), how "typhoon-proof" are these newer condos (window strength, building sturdiness etc.)? How are they rated for earthquakes?
Don’t forget FLOODING. Topography of Bangkok is like a pancake.
Thailand does not have typhoons. Natural disasters are only floods.
@@naremmooyong4392Thailand likely has Earthquakes, no?
Thanks, that was useful
The condos look nice, but sizing should be regulated to a 35sqm minimum.
The bedroom at 3:40 is inhumanely small. You can't walk around the bed!
5* camping for sure. Well too small for long time living even for one person.
It’s basically a tiny home at that size. No thanks.
Can you do a vid on dog friendly condos? I’m moving later this year and have a 60 kg lab.
I'm cheap and I love the FIRST one. I'm planning to visit Thailand in the next year, I don't know yet if this is the route I'm going to take but it's pretty awesome to see Thailand doing so well. Thai people are amazing and I can't wait to visit.
Be aware the MRT station they referenced isn't open yet.
Hey Captain Kirk, what are the annual ownership costs including condo fees and all taxes? Thanks!
Yeah, Bt200k+ per sqm aka Bt5m+ for a 26sqm shoebox on the edge of Bangkok is the bargain of a lifetime !
In the world of sensible investments this is down there just above magic beans.
FYI, the 49%/51% local/foreigners owned ratio is based on the cumulated surface SQM of the units, not the number of units
I saw you flying from Phuket to Bangkok today ! Great job
Thanks for the video. It’d be interesting if you did a video on the property types in Thailand as well (e.g. freeholds, leaseholds). I imagine that some investors would feel more inclined to purchase certain property types over others.
Short version is, foreigners aren't allowed to own land. So you're stuck either buying a condo or buying a house and doing a long term land lease.
@@BobMcGeeSlaps Helpful summary - I've also heard something about properties requiring a certain percentage of local shareholders.
@@AVAGASAFARI He mentioned it briefly in the video. 51% of the units need to be Thai owned.
Those were all amazing condos and Nancy did really well in front of the camera! I'm still just over two years away from relocating though. :(
New properties looks 20 years old in just a few years. Theres an oversupply of small condos in Bangkok and therefore a poor investment
Finally something other than food. Mixing up your content is much appreciated 🎉
Love Kirk's charisma. He definitely can land a job in Hollywood business as an actor.
Anyone know the name of that building at 1:31 Its a large dark gray building that looks like it has staggered levels and a lot of balconies ?
Hey chris. I genuinely love all of your videos. On both channels. I came home From my one month trip to bangkok, I came home sold everything. Put my house up for sale. I'll be on my way over there some time over the next sixty days.. permanently. Something no one has ever touched. Base on that I have seen.
Would you please go into some detail on one of your videos regarding condo HOAs.
Homeowner associations. And any fees associated with them if there's any that are similar or standard.
Would be a giant help as i'm looking to invest into at least ten units personally.
when you do another apartment topic, can you please address the issue of noise from your neighbours up, down left, right. Having lived in China for many years, the ability to stop the noise is at the top of the issues. Does the estate management get involved or do you call the cops?
It’s probably covered in HOA rules attached to property purchase contract.
LOL 😆 🤣 😂 😹 😆 🤣
Man I am seriously thinking about this. Just debating whether it's better to be in the heart of the city or on the outskirst where it's quieter. Also should we buy in Bangkok or Chiang Mai/Phuket.
Hey Chris, Can you do a video on Condos that allow pets (Cats) in Bangkok. (2 to 3 Bed). Many thanks Hellen (Australia)
Ari has always been a fav area. Close to sirikit park.
Thank for videos,i am a bit fan of ur videos,from Cambodia
Great video, as usual! Could you also always mention the monthly condo fees of these properties you highlight? Thx
If you buy a condo in Thailand you pay, on an annual basis, the "common area fee" and this is based on the floor area of your condo. The common area fee pays for the security guards, cleaners (of the common areas), pool and garden upkeep, maintenance personnel, and condo management personnel salaries. When you buy a condo you also pay the "sinking fund" which are big cost items that periodically crop up like replacing lifts, painting the condo, replacing pipes, etc. I purchased a 50sqm central Bangkok city Noble condo and pay a common area fee of about 26,000 baht per year.
Something is off, the prices went up significantly (doubled and more) from the first location onward. Why is the 1st location that much cheaper ?
Because it's way out of the city. You're going to be riding on the BTS for like 40 minutes until you get to the city.
The MRT station they reference isn't complete yet and its unknown when that line will open. If you pull it up in Google Maps and look around there's no much in the area. So for the time being you're going to need to commute by bike/car to get anywhere, and its a long ways from most of the places people will want to go. You're basically gambling that once the MRT station opens up, the area around it will become more developed.
@@BobMcGeeSlaps I think most foreigners will actually prefer a less developed area except perhaps those who go there for work/business.
are there anything like hoa fee's after you buy it? The building will need upkept.
Finally a price range I can afford. Thanks Chris. I am back in Bangkok in July looking for an apartment to buy!
Oh yes , $7 million apartment. I love it
@@dongshengdi773 No. That is NOT what was stated. Is was ฿7 million, not $7 million.
300sqf only? why apt in thailand soo small in average compared to MY.. in MY 700sqf also quite small already.
❤ these condos are very unique and delighted 😃 I liked the first one ☝️ better ,hey Chris do they have a HOA fees for that ? 😊
Hey Chris I was wondering do they close down all outside pools during storms because of lightning? If so must be closed a lot in rainy season.
Hi Chris & everyone! I’m truly grateful to hear s/o cheering Noble dev in here since I’ve just decided to own my first condo units in my life from them; it’s Nue Riverest project which plan to b finished in 2025 n I confirm that Noble crafts things right to their target as if u still mind the peacefulness & riverside vibe like u r staying at riverside resort hotel while u can take short time to city, sukhumvit , Sathorn and tourist places i.e. ICONSIAM, Asiatique, Old China town areas..here the place for you . & It would b my honor to welcome you to review the place and lovely guest(s) in this community to enjoy this vibe.😊 keep in touch! I’m alway stay tuned or updated at yr channel ka🙏 Ann
Thanks for this video Chris. I didn’t realize you were so tall
my god 34sqm the prices look like more than HK. BKK is going HK style high price and tiny units with elaborate amenities
Loved the condo tour and now subscribed to your channel 😀
Sometimes the stabilization on the gimbal interferes with the stab on the phone. Best to turn it off on the phone when on a gimbal.
I wonder, if you have 10%-30% unoccupied, there is not dues coming in for reserves. With new unites, maintenance can e deferred, but for how long. Without funded reserves, upkeep can slip.
Hi Chris, you make fantastic videos and you have a great sense of humor. I used to live upstate New York about 2 hours from Montreal. I have been living in Hawaii for the last 8 years. I am moving to Thailand soon. I applied for an elite visa and waiting to be approved. I can’t wait to get there and go on some of your tours. Can you answer a question for me. Can I deposit a check into a Thai bank from my bank account in Hawaii when I move there. I don’t know if they accept foreign check deposits. Thanks Chris.
I am interested, Do they finance or just cash purchaSES???
Interest rate in Thailand would be uncomfortable to foreigners, and the banks understandably require a hefty down payment.
@@viewer3412 I am very comfortable with risk. I have good down payments.
Almost half million USD for a 2bdrm is crazy! And under 60 sq meters? Omg 😮
It is very expensive but how much for the same size for this room in states?
I really like this video. Just goes to show how far you’ve gone with this TH-cam channel. The prices for those condos are competitive against similar properties stateside for singles working from home. I consider Thailand to be the best neutral ground for business with Chinese citizens as foreigners won’t be hassled and Chinese citizens can do business without CCP looking over their shoulders to take their cut.
Foreigners trying to rent out their units will have to compete with the other 51% Thai ownership playing the same game, so their return will probably be less than mortgage rate-but only chumps would pay mortgage in Thailand. Better to buy it outright, live in it while property appreciates in equity.
Just do due diligence in checking long term stability issues regarding the property. The recent election does show good indicator of political stability as no violence occurred during the vote. I don’t have time to list other risks.
You’re doing a great service for Thailand with your videos… keep up the good work! If I had the money, I’d live there too.
Do condo appreciates in bkk ?
@@BigBrother04not at all.
After you buy a condo is there monthly fees?
Not monthly but annually.
Very expensive except the first one. With these prices you can buy a much larger flat with much more luxurious detail in Dubai
exactly. not worth it. Imo the prices peaked in Thailand and right now it’s not a good investment meaning its price wont appreciate as much as a dubai apartment or a southern EU aoartment in a long run
One challenge we have with finding a condo getaway is finding a building that will allow pets! Options are limited. We find we are looking at detached homes very often. Is it possible to cover ways a foreigner with Thai spouse can finance a condo?
I have seen recent high rise condo developments in Bangkok that are "pet friendly" - that will allow owners to keep their pet dog, cat or whatever. Possibly a marketing ploy to increase the numbers of potential buyers? I have never lived in a condo that allows pets. Note that non Thai buyers of Thai condos can only buy a maximum of 49% of the private floor area for sale.
If the spouse is working (and earning enough), they can apply for a mortgage.
you have to rob a bank to afford the expensive apartments, I bought a house in chiang mai for 2.5 mil thb on 140 m2
'Major Development' is a property management co. that allows pets at all of it's properties. Go check them out. They even host pet events also
Thank you mister i have love the vidéos
Hey I’m in Bangkok looking for an apartment, do you know an agent ?
Im a big fan of investing during fear periods but the air quality in Krung Thep scares me.
How much $ is maintenance?
Choose only one that connects or very near BTS/MRT.
What’s worse? Bangkok condo or timeshare?
For us farangs, renting is the way for happiness. All these brand new Condos are NOT an investment, it's a life style product which the developer wants to sell to naive people.
Spot on
it seems this here is becoming one of these promo things which is very sad. These fancy new condos are consumption products, not investments.
Renting is throwing away your money.
@@nielscarp you are so biased. Just think about what you just said.
@@nielscarp Lol, the opposite is true
Not worth it for investment by the looks of it. Appreciation is questionable and for this price, you can probably rent forever even considering rent increases.
Thank for good to thai People 🇹🇭❤️❤️❤️💪
Could you do the same but outside Bangkok (south or north)? We are keen on condos but not in Bangkok
What's the ROI if buying for investment
-50%
Are there condo fees or HOA fees on these properties?
Hi Chris, recently discovered your channel and I’m really enjoying your content.
Myself and my family are thinking of coming out in the autumn. I have two young children (2yo & 6months).
Can you do a video on tips for young families holidaying and getting around Thailand please?
Many thanks, Chris
NUE Noble Srinakarin Lasalle is not near BTS at all when you google map it lol and its really far out from central
It is literally attached to a new station on a new line that is opening next month.
How long is the leasehold on the property.
did you start a real estate company?
there is a new park called Pathumwananurak Park close to Central World. I hope you visit there as well😊
Nice tour but we need all the basic numbers related to carrying costs dude ! Tax? Sinking Fund? Common Charges ? Can’t retire without knowing all costs ! 😎
That would scare off all the suckers, I MEANT, customers.
Seems more and more of your videos are advertising under the guide of information. Are u on commission for these shoe boxes in the sky?
Nancy needs a promotion!!
Great, but so far, nothing has been mentioned about condo fees.
Ugh why am I not buying in Thailand !!!! That’s so cheap! I need to sort myself out. I have 100K just sitting in a short term investment fund. I definitely need to rethink things….
Invest your 100k somewhere else and take those profits to pay the rent in Thailand.
Hey y’all ! The only thing you have to know before coming to Thailand about cheaper condos is that they almost all require 6 month contracts or the prices change drastically ! Enjoy y’all !
Yes if you rent a condo, not buy a condo.
All these condos you show are really nice. But why don’t you show some condos for someone that doesn’t have a money tree 🙏
Great video. Thanks 🙏
😅 from the comments, Noble doesnt seem like the best developer nd its condos to purchase from 😅
Deeper
Man I've never seen Kirk work so hard like this before😂😂
Noble Group Profits 2019 - "The Company and its subsidiaries generated revenue of 15,038.5 million Baht and net profits of 3,071.2 million Baht, which is the highest revenue and net profit of the Company since its founding". quoted from company accounts 2019.
Poor farangs getting ripped off for overpriced Condos 😢 I mean shoeboxes 😂
this guy never worked so hard before his retirement.
Somewhat small and pricy for most of their condos. They have great facilities and locations, but wow, prices are going crazy. At this rate only the wealthy Thais will be buying soon. All to rent out of course.
Wealthy thais dont live in condos.
@@BobbyDazzler888 yes, which is why I said "all to rent out of course". They buy to rent. Which I thought was obvious...but apparently not.
Tiny rooms , 2 bedrooms not even 60 meters😮
Yes average condo size is getting smaller. I understand that building law in Bangkok limits self-contained condos to 28sqm! I think that a condo has to be at least 60sqm to get one car park space noted on the title deed. Less area than this and the developer just has to provide "adequate" car parking.
tiny loom , big plice
64k for the first one. Huh, did you miss some numbers? You can't even buy a garage for that price where i live
It's a shoebox so it's cheap of course.
Just rent
comments support
My advice. Don't buy. Rent. You can always walk away from a rental. Thailand is a country I'm considering for retirement. If you really want to buy. Speak to someone (not the builder or realtor as they are not disinterested parties) who actually owns there or rents there and ask their opinion about the building and management, any special assessments etc. Westerners (like me) are conditioned to believe that home ownership is the way to go. Most times yes, however not in a country where you can't completely own a house and where condos have control of hoa fees etc. Protect your retirement money. Good Luck.
west bershire in uk
12:50 no weights being lifted hehe
Nice video but if this is a promo or Chris gets commission for the video and/or referrals, it should he clearly stated. It is perfectly OK to do promos, but if an economic incentive is present it should be disclosed.
His entire channel is a promo lol 🤣 I don't think he really needs to clearly state that, it's pretty obvious.
You mean he's the usual TH-cam vlogger, scammer, con artist? 😂😂😂
Conclusion is that foreign buyers should be very careful when buying a condo in Thailand. They should only buy if they plan to keep it for a long time and/or rent it out as an investment. They should also be aware of the monthly common area fees, sinking fund, and condo rules and regulations. Additionally, they should find out who is managing the condo and who is the juristic manager. The author warns that many developers will set up a subsidiary company to manage the condo, which can lead to a conflict of interest. The author also warns that condo rules may contravene the Condominium Act, and it can be difficult to get them changed. The author's overall conclusion is that buyers should do their due diligence before buying a condo in Thailand.
Finally finally finally, something a bit more lifestyle focused for those willing to spend a bit more.
10:09 Imagine that, living in a "3rd world country" and spending 433,000$ to live in a 58 SQM/620 SQ FT shoe box.... just ridicules!
Tipp, look for older buildings, u get the same ammentities (yeah a bit older, but your new one will look old in just 3 years or so) but u get for the same price something above +150 SQM, with a large balcony, possibility to open windows and so much more
You do amazing job making these videos
How m'y god its big and beautifor bankok
I wish they ask the most important question that is maintenance price and who takes care of them. What happens when neighbors has issues and they are not there that affects the bottom home like a leak? Are there monthly condo dues? These videos are worthless without asking and answering more important questions
ชอบคอนเทนต์เที่ยวไทย❤❤
Ask Nancy what she thinks of her boss Khun Kitti? (spoiler alert: he's a "problem " to deal with... and that's putting it mildly..)
Lol 😂 please explain. We would love to know how scammy this boss is.
That is way too much money for a condo. I'm from California and these prices are way inflated.