Studio flat in Central BKK

Posted by ori888 (228 days ago)

Hi,
I am living in HK at this moment and I have a sister who retired in northern part of Thailand.
I am visiting her every two to three months and after two years of numerous trips I started to consider to buy small one room flat in Central Bangkok so that some of my friends,family members could use as a weekend house or transit place.

Now,
I would like to have some advice from those who know the property market in BKK.
Where.-any part you would like to recommend?
How- by news paper or by agent?
How much-what will be price range if I need a studio flat.
New or old-should I focus on newly developed one or few years old.
Lawyer -any reliable one you would like to recommend?

Any advice will be greatly appreciated.

Posted by walkup (228 days ago)

Hold your horses. Its a minefield out there.
First, you might be better advised to get a 12-month rental and then look around.
Building quality is highly variable and unless (relatively) Euro-architect build might be second-rate.
The resale market is currently a problem and dependent on the background political situation.
What is your budget?

Posted by ori888 (226 days ago)

Thank you for your advice.
Actually,I worry about resale but I am bit tired of staying in and out of hotel and maybe I would like to buy something small and inexpensice as possible so that I woldn't really care much..what is your opinion,walk up?

Posted by walkup (226 days ago)

If you are flexible re location and don't have any particular requirements apart from 'inexpensive' then you can get something maybe less than 2 million baht, but if you can go to 3+ million then better options available. Do not buy anything unless it is a foreign-owned transfer. Foreigners are not permitted to own more than 49% of any condo block. Off the Sukhumvit Road is popular for those who want to be near the action. If you find an apartment block you like, there will usually be a notice-board in the lobby advertising apartments in the block for sale. Rent something there and consider a purchase when it comes up. Be lined up re finances.