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News Forum - What $300,000 buys you for a condo in Bangkok, Pattaya, Chiang Mai and Phuket


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The typical home price in the United States is around $300,000. But have you ever wondered what kind of condo that amount of money can get you in Thailand? Let’s take a virtual tour of some condos around Thailand within the $300,000 price range! 1. Rhythm Sathorn – Narathiwas, Bangkok Price for sale: $284,000 (฿9,800,000) Take a Virtual Tour Situated on the 24th floor of the Rhythm Sathorn – Narathiwas project, this 2 bedroom apartment offers a great view of Bangkok’s skyline. Residents can enjoy many facilities available within the building, such as a rooftop infinity pool and garden area. […]

The story What $300,000 buys you for a condo in Bangkok, Pattaya, Chiang Mai and Phuket as seen on Thaiger News.

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Stay away from buying condos in Thailand now.  There is a huge over supply and developers are in trouble from paying too much for land, and not having the finances to complete new projects because pre-launch sales are way down.  Thais who are needed for most purchases are in high debt, and up to 15% defaulting.  The Chinese got burned in pricing scams and aren't returning to the condo market, the majority of the foreign buyers.  The cartel (rich Thai speculators who buy on property launch) would rather let their units sit empty than discount to a real market price, so price level is artificial. Property specialists are forecasting a 25 - 60% price correction, down, as the perfect storm brews.  Just do some math...does $300k for a unit that's no bigger than the size of a typical US master bedroom/bath make sense, in Thailand?  If you have nothing to do, sit around a building site and observe the quality of work and labor at a high rise.

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