ABC’s for Property Buyers in Koh Samui: By Harry Bonning

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Koh Samui is one of the most popular islands when foreigners decide to visit or relocating to Thailand.

With a population of almost 65,000 people, it’s still fairly big for being just that, an island. Just making a comparison, in Hua Hin (which is a city 2-3 hours away from Bangkok) you have 85,000 and in Phi Phi Islands 2,500.

Previously relying on fishing and agriculture, exporting many coconuts, the tourism industry has taken over since the 80’s.

In this interview, Harry Bonning from Koh Samui Properties tell us a bit more about Koh Samui’s property market and other useful information. The Real Estate agency is one of the most reputable and has helped many foreigners to buy property in Koh Samui.

Harry has been on the ground for years and provide fruitful advice if you plan to buy property in Koh Samui.

Harry, thanks for having you here. Can you please tell us about your background and current business in Koh Samui?

I have been a Chartered Surveyor since I qualified in the UK in 1974 and have worked in the UK, Germany and Abu Dhabi with responsibility for a large portfolio of property in the USA, owned by a Sovereign Wealth Fund.

I have also worked subsequently as General Manager of a portfolio of properties owned by one of the local families before moving to Thailand in 1999.

I saw an opportunity in 2000 for a professional real estate agency in Koh Samui and for the first seven years we were extremely successful. The economic crash of 2007/8 brought the market to a standstill for a time and we reduced our staffing accordingly to correspond to the reduced demand.

In Phuket, the property market relies heavily on foreigners and prices aren’t predicted to increase significantly in the coming years. How has Koh Samui’s real estate market performed and what’s your view on the coming years?

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Top 10 Property Developers in Thailand: The Definitive Guide

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

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Investing in developing markets can be a daunting task for overseas buyers who have little knowledge of local developers. You’ll find developers promoting their projects anywhere downtown in major Southeast Asian, such as Kuala Lumpur, Bangkok, and Ho Chi Minh City.

Foreign investors have flooded to Thailand and where condo-prices have went through the roof, particularly in Bangkok. Nowadays, you sometimes need to pay as much as THB 500,000 per square meter in luxury projects. Buying a condo is often a big financial outlay and selecting a reputable developer has become more important than ever.

Luckily, Thailand has plenty of stock-listed developers with decades of experience, proven track-records, and dozens of projects completed. In this article, we’ll review some of the biggest and most credible property developers in Thailand.

1. Pruksa Real Estate

Pruksa Real Estate was founded in 1993 and is like most other developers headquartered in Bangkok. The company focuses mostly on building affordable condo projects, but has tapped into the luxury market and now focuses on the health and commercial property industry as well. Continue reading Top 10 Property Developers in Thailand: The Definitive Guide

Guaranteed Rental Income Investments in Asia: By Nick Stuart

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More and more people don’t only seek high price appreciations when buying property overseas.

The fact is: having the feeling of ownership, especially in a country that offers a great quality of life, and where you can get decent cash flow from rental incomes, is often fulfilling the needs for many buyers.

This is especially true for people living in cities like Shenzhen, Shanghai, Beijing, Taipei, and in Hong Kong, where the price to income ratios have gone crazy.

So: I was a bit surprised when I previously heard that buyers can secure fixed rental incomes through so-called ‘guaranteed rental income investments’.

To me, it sounded too good to be true…

Therefore, I’ve decided to invite Nick Stuart for an interview, to let him explain how guaranteed rental income investments work, mainly in Thailand, where he’s actively working with real estate.

Nick is the Managing Director of Exclusive Hot Properties, it’s a reputable company that offers guaranteed rental income investments to foreigners.

Let’s see what he has to say.

Continue reading Guaranteed Rental Income Investments in Asia: By Nick Stuart

Buying Off-plan Property in Hua Hin: By Lee Philips

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Hua Hin is located a couple of hours drive from Bangkok, making it an attractive destination for both local and foreign property buyers.

The same as it goes in many other places, the most popular option for many Asian investors is to buy off-plan property in Hua Hin.

But you need to beware of the benefits and risks when buying off-plan beforehand.

In this interview, Lee Philips, who is the Managing Director of Property Solutions Hua Hin, explains the essentials you need to know when buying off-plan property in Hua Hin.

The company is one of the city’s biggest real estate agencies that help both locals and foreigners.

Continue reading Buying Off-plan Property in Hua Hin: By Lee Philips

Buying a Condo in Hua Hin: A Beginners Guide

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

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If you meet expats, residents or travelers in Bangkok, you’ll most often hear that they plan going to Hua Hin for a weekend or longer.

It’s a relatively small city with beautiful beaches, making it possible to recover from the hustle and bustle in the capital.

Some people even decide to reside in Hua Hin, travelling to Bangkok once in a while.

In this article, I explain the basics when buying a condo in Hua Hin.

Hua Hin property market

Hua Hin is strategically located a couple of hours drive away from Bangkok, making it not only attractive to foreign buyers, but also locals.

This is a great benefit as the local market not only rely on foreign investments, but is fairly self-sustaining. The supply of condos has increased much the past years, making room for plenty foreign and local buyers, in relation to the size of the city.

Continue reading Buying a Condo in Hua Hin: A Beginners Guide

How to Rent Out Property in Phuket: By Phuketcondo.net

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Phuket is one of the favorite destinations for many foreign property buyers, thanks to its proximity to other countries in Southeast- and East Asia.

You’ve probably not gone unnoticed that it offers a great quality and attracts many tourists.

Nowadays, more and more foreigners have opened up their eyes to the opportunities to earn some extra money on rental incomes in Phuket.

Today, I have Mike Lundin from phuketcondo.net with me. He’s the Online Marketing Manager and the Head of their newly launched Phuket Rental Management Service.

Phuketcondo.net is a reputable company that caters many foreigners who want to buy or rent out property in Phuket.

Let’s see what Mike has to say and how they help foreigners to rent out property.

Mike, can you please tell us a little bit about yourself and what you do at phuketcondo.net?

I came to Phuket, Thailand on holiday about 10 years ago, and I knew almost right away I wanted to live here full time. Who wouldn’t with the laid back lifestyle and beautiful beaches?

Continue reading How to Rent Out Property in Phuket: By Phuketcondo.net

Buying a Condo in Chiang Mai: The Basics You Need to Know

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While housing prices soar in places like Singapore, Hong Kong and Mainland China, Chiang Mai offers condo prices that are incomparably cheap.

In fact, in comparison with Bangkok, Chiang Mai is still considered cheap.

The city is fairly big and hosts many foreigners, who want to enjoy a greater quality of life, for a fraction of the cost in their home countries.

In this article, I explain how you can buy a condo in Chiang Mai, one of the cultural and green centers in Thailand.

Chiang Mai’s real estate market

While the property market grows quickly in Thailand, you need to choose your investments wisely, buying in the right areas.

Some people say that Thailand’s real estate market is booming, mainly due to investments from other Asian nationalities.

But there’s a difference between an export driven economy that is booming, and a real estate market that is booming

Usually, they should go hand in hand.

Continue reading Buying a Condo in Chiang Mai: The Basics You Need to Know

Buying a Condo in Pattaya: The Basics You Need to Know

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Pattaya is one of the biggest cities in Thailand and has attracted a great amount of foreign buyers over the years.

With property prices that are cheaper compared to Bangkok and with direct access to the beach, it’s not strange why many decide to invest here.

The city is the second most popular for foreign visitors after Bangkok and has become one of the favorite spots for retirees and young investors who struggle with expensive property prices at home.

In this article, I explain the different areas and property prices in each area, in Pattaya.

Pattaya’s real estate market

Pattaya has attracted a big portion of Russian investors in the past years, turning it into a meet up point for Russian holiday spenders.

Even if people from Japan, China and Westerners buy property as well, the depreciation of the Russian Ruble has left the property market in a temporary decline.

A combination of an oversupply of mainly low prices condos and Russians who pull out of the market has resulted in 2nd hand condo prices being sold for less compared to newly developed properties.

The fact is:

If you plan to buy a property in a relatively stable market, you need to assure that there’s a strong local market, that is not only relying on foreign buyers.

Continue reading Buying a Condo in Pattaya: The Basics You Need to Know