List of Serviced Apartments in Bangkok: Our Top 7 Picks

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Serviced Apartments in Bangkok

Are you moving to Bangkok and looking for a suitable serviced apartment?

Bangkok is one of the busiest business and tourist cities in Southeast Asia, this is also reflected in the wide choice of serviced apartment companies that operate here.

A serviced apartment represents a flexible option, whether you are planning to travel to Bangkok for business or vacation purposes.

In this article, we list 7 serviced apartment companies and compare them according to their rent span, unit size, minimum duration of stay, location and facilities.

Overview

Benefits of renting a serviced apartment in Bangkok

First of all, serviced apartments are different than traditional apartments, as you don’t have to buy furniture or kitchen appliances, as they come fully furnished and equipped.

Most of serviced apartment providers offer free laundry, housekeeping services, and even the tuk-tuk service. The rent usually includes utility bills such as water and the internet, which means that you don’t need to worry about setting up utility accounts or pay the monthly bills.

Also, in 2018 Thailand government passed a law that, according to many interpretations, makes AirBnB stay illegal when staying less than a month in an apartment.

So, even though the situation is not entirely clear and AirBnB seems to still operate in the country, if you want to make sure that you comply with local laws, you might want to avoid Airbnb.

Besides, if you decide to stay in a serviced apartment owned by a reputable company, you will most likely get a rental contract in both English and Thai language, which is especially handy in case there are any problems.

Also, most of the established companies will not try to keep your deposit without a valid reason. This is not a given when dealing with landlords that only own a few units.

Serviced apartment rents in Bangkok

In this article, we cover serviced apartments with a wide range of prices.

You will find that the rent might vary greatly, from THB 5,000 to THB 180,000 per month, depending on the location and the facilities offered by the building.

According to Numbeo, average rental prices for a “normal” apartment in the city ranges from:

  • THB 21,000 per month for a studio in the city center; THB 10,000 per month outside of center;
  • THB 65,000 per month for a three-bedroom apartment in the city center; THB 29,000 per month outside of center.

Thus, serviced apartment prices are quite competitive in Bangkok.

Note that, when booking a serviced apartment in Bangkok, you will usually get a discount of around 30-50% if you choose to stay for at least one month.

This is also common in Ho Chi Minh City and Hanoi, while in Hong Kong there is no such an opportunity. Continue reading List of Serviced Apartments in Bangkok: Our Top 7 Picks

How to Invest in Commercial Property in Thailand: A Complete Guide

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Thailand is less spoken about when it comes to commercial property investments. Other regional countries, like Singapore and Malaysia, have better foreign ownership regulations with more transparency.

Truth be told, there are not many options available in Thailand, at least not to individual investors. The only exception is if you invest in Real Estate Investment Trusts (REITS).

With that said, increasingly more foreign companies have started to target Thailand’s commercial property market, including property developers, manufacturers, and co-working space operators.

In this article, we review the following:

  • Can foreigners buy commercial property in Thailand?
  • Thailand’s Commercial Property Market
  • Hotels
  • Office Space
  • Retail Property
  • Industrial Real Estate and Warehouses
  • Car Parks
  • Best Cities to Invest in Commercial Property in Thailand
  • Commercial Property Taxes

Continue reading How to Invest in Commercial Property in Thailand: A Complete Guide

Investing in Co-Working Spaces in Asia: A Complete Guide

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The co-working industry has exploded in Asia and it’s currently the fastest-growing market globally.

Not surprisingly, private investors and developers alike try to profit from this new market, and the supply of co-working spaces increases steadily.

It’s not strange, as it’s said that 30% of office space will be co-working spaces in Asia by 2030. Thus, co-working is not a temporary trend, but here to stay long-term.

In this article, you’ll learn the following

  • What is a co-working space?
  • The co-working space business model
  • The co-working space market in Asia
  • How much can I earn when investing in co-working spaces?
  • List of co-working Spaces by Country and Region

What is a co-working space?

Co-working spaces are started by individuals or companies who buy or lease office space and other types of premises, such as residential buildings and villas.

The same as it goes with co-living spaces, the founders sometimes partner up with local investors or property owners, to secure capital or to reduce rents.

Continue reading Investing in Co-Working Spaces in Asia: A Complete Guide

Investing in Co-Living Spaces in Asia: A Complete Guide

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Co-living has become a new big trend in Asia and it’s predicted to transform the real estate markets in many countries.

Everything from established developers to individual investors try to find ways to profit from this growing industry.

Yet, before you decide to invest in co-living spaces, you must understand how the business model works practically and which countries that should be of interest in Asia.

In this article, I explain what co-living spaces are, how it works when investing in co-living spaces, about the markets in the most interesting countries, and more.

What is a co-living space?

Co-living spaces are often started by companies who partner with local property owners to reduce leasing costs, to share the profits and financial burden.

Not rarely, these companies receive funding from investors to start or expand operations.

When a company has bought or leased parts of- or a whole building, they refurbish the units and install the modern amenities and utilities needed.

The units are small and with sizes of around 9 to 25 square meters with simple, but modern furniture like a bed, a desk and a private bathroom.

Here, the idea is to spend time in the common areas, to socialize, and to engage in activities within the community. Many choose to live in co-living spaces to grow their network and to develop as persons.

Typical tenants are young persons who just arrived or that plan to stay short-term and cannot sign rental contracts stretching over 12 months.

That said, you also find locals who opt-in for co-living as it’s convenient and comparably cheap.

Continue reading Investing in Co-Living Spaces in Asia: A Complete Guide

7 Asian Countries Without Capital Gains Tax

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Investors often pay much attention to the taxes and fees they have to pay at the time of buying property.

Truth be told, stamp duties, VAT and real estate agent fees can become significant when added up.

But, to have a complete exit strategy, it’s equally important that you understand what taxes you need to pay when holding and selling property.

In most countries, sellers need to pay capital gains tax when selling property. The tax can be substantial, especially if the property has increased much in value.

In this article, I list Asian countries where you don’t have to pay capital gains tax.

First, let me explain what capital gains tax is and how it’s calculated.

What is Capital Gains Tax?

Capital gains tax, sometimes referred to as CGT, is collected by governments and charged to the profits made when selling assets. Might it be real estate, businesses or stocks.

In Asia, capital gains tax rates normally range between 0% to 20%, depending on where you buy. With rates that high, the tax can reduce your profits significantly.

Not to forget, you might even be subject to capital gains tax in countries where the tax is generally not charged.

Continue reading 7 Asian Countries Without Capital Gains Tax

4 Asian Countries with No Property Tax

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Property taxes can have a huge impact on overseas investors’ buying decisions. With the growing interest in Asian markets, and especially developing markets, we need to keep in mind that tax rates can change fast.

Not only do developing countries change property taxes to attract more foreign capital or boost their economies. We also see sudden changes and the introduction of new taxes in places like Hong Kong, Singapore, and Korea.

This is mainly to avoid speculation, cool down the markets, and protect local citizens.

Interestingly, there are some countries that don’t charge any annual property tax to locals, or to foreigners for that matter. In other countries, the property tax is almost negligible.

In this article, you’ll learn the following:

Continue reading 4 Asian Countries with No Property Tax

Buying Condos in Phuket: The Ultimate Guide

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Phuket is an amazing holiday destination and is fast becoming one of the world’s most visited islands. In 2018, Thailand attracted nearly 35 million visitors and almost one third of those spent time in Phuket.

And the amount of travelers is expected to rise significantly in the coming years.

There’s a prediction that mainly Chinese will flood the Phuket real estate market as they struggle with property prices back home. They’ve also become more aware of the opportunities to buy overseas property to use as investment vehicles.

Yet, before you buy real estate in Phuket, it’s important that you get your feet wet and learn about the market, where to buy, about prices, and more.

In this article, you’ll about learn the following:

Continue reading Buying Condos in Phuket: The Ultimate Guide

Buying Condos in Bangkok: The Definitive Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

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As property prices reach all-time-high in places like Hong Kong, real estate buyers have started to look for investment opportunities elsewhere.

One of the most popular cities for overseas property investors in Asia is undoubtedly Bangkok. Being the most visited city in the world, it has a perfect geographical location, good health care, plenty of international schools, comparably cheap property, long-term visas, and the list goes on.

Still, before you engage in Bangkok real estate, it’s important that you understand what you can expect from the market, where to buy, about condo prices, and more.

What you’ll learn in this article:

Continue reading Buying Condos in Bangkok: The Definitive Guide

Buying Hotels & Resorts in Thailand: The Ultimate Guide for Investors

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We’ve mostly talked about buying residential property in Thailand previously, covering foreign ownership regulations, taxes, and more.

In this article, we take it to another level and check how it works when buying hotels and resorts.

Buying a hotel is in a different league as these properties are treated as businesses, hence, different regulations apply. The transaction values tend to be higher as well.

Yet, buying a hotel in Bangkok or Thailand’s most popular resort areas can result in great capital appreciations and high yields.

In this article, you’ll learn how it works when buying a hotel or a resort in Thailand and regulations that apply.

Laws & regulations to foreign ownership of hotels in Thailand

Buying a hotel is a completely different undertaking compared to buying residential real estate in Thailand.

Getting your feet wet, working with a serious agent, and a reputable solicitor from the start shall be a top priority before engaging in the market.

Continue reading Buying Hotels & Resorts in Thailand: The Ultimate Guide for Investors

Buying Property in Thailand: The Ultimate Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Do you plan to buy property in Thailand?
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We all know about the temptations that Thailand has to offer: white beaches, low living costs, and real estate that costs a fraction compared to Singapore, Hong Kong, and many western countries.

Maybe you have already decided to purchase a property or just want to learn more about how it works when buying real estate in Thailand.

In this article, I explain how you can buy real estate as a foreigner in Thailand, about foreign ownership regulations, property taxes, if you can rent out property, and more.

Can foreigners buy property in Thailand?

This question is a bit tricky and need some thorough overview. It’s widely known that the regulations are disadvantageous for foreigners and often put Thai people in favour.

One of the most commonly known regulation is that foreigners cannot own the land that physical structures are built on, might it be villas or hotels. But there are some ways to get around this.

Continue reading Buying Property in Thailand: The Ultimate Guide