Quote: (05-12-2014 11:30 PM)Jaydublin Wrote:
And they are being thrown up all over the place. Its unreal. I just started a thread about this the other day. Look at the listings, half are pre construction.
The trend for Bangkok condos has been to build smaller SQM condos with more gimmicks (duplex condos the size of a couple U.S. bathrooms stacked together), shittier materials, and cramming in close to existing or future MRT/BTS lines. Everything is sold at a premium too because now it's "luxury"
There's a lot of speculation as to where and who the buyers are. There's a segment of the middle/upper middle class Bangkok population buying condos for sure but most of the units are probably purchased by wealthy thais looking for an additional income stream or some kind of speculative haven for their cash.
Price/rent ratio in Bangkok is sitting around 20 now which makes it a not so good investment anyways.