Category Archives: real estate

Beautiful Boat-Car Park for Pattaya

June 20, 2008 – 12:16 pm

Pratumamk Hill offers residents and visitors to Pattaya a spectacular view of the crescent bay and any pedestrians along the Beach Road can admire the splendor of the navy park dipping unimpeded by development into the sea, however the Bali Hai pier is surrounded by hundreds of boats and diesel buses. The former leaking oil […]

By Peter | Also posted in Nature, Pattaya | Comments (0)

Thai Mortgage Breakthrough for Farangs

June 12, 2008 – 11:05 am

Bangkok Bank has reversed a long-standing policy against granting foreigners or farangs mortgage loans for property investment in hopes of jumpstarting Bangkok’s moribund real estate market, thus falling into line with neighboring nations banking practices for foreigners. Mortgage loans toward the purchase of a condominium will have a limit of borrowing up to 25 Million Baht based on 70% […]

By Peter | Also posted in Thailand | Comments (0)

Thai Condo Crash

June 10, 2008 – 10:38 am

The Nation added a note of caution to property owners with a report that up to 50% of condominums will fail in Bangkok due to over-supply. This glut will create another series of ghost buildings to match the 100s of deserted office buildings left over from the 1999 crash. Even the old adage ‘location location location’ will not grant […]

By Peter | Also posted in Asia, Thailand | Comments (0)

Thai Lease Laws up for Review

May 15, 2008 – 9:11 am

Thai land ownership laws deny foreigners from owning property in perpetuity. Farangs found ways around this ban by owning leasehold contracts for the land in 30-year periods with the right to renew for another 30 years. This loophole has appeared in jeopardy since the coup tightened the FBA or Foreign Business Act. No one wants […]

By Peter | Also posted in Thailand | Comments (0)

Ocean One Jomtien Go Go Go

February 14, 2008 – 11:47 am

Surprise surprise. Ocean One received the green light for the tallest residential building in the world. Construction is scheduled for March 30. I drove by the Jomtien site yesterday and workers were busy erecting temporary barracks. Approval was given after the Pattaya City Council accepted the project’s environmental study. Set over 200 meters from the […]

By Peter | Also posted in Pattaya | Comments (0)