New Develpoments vs exsisting ones

ITKMAN · Last edited by ITKMAN on Sat May 06, 2006 1:23 am; edited 1 time in total

I have some experieince with the differance between the two but not in Thailand. Prime concern is investment security. I have never gone with a new company but only one that have established success in the market. I suppose that I will stick to that but which options would provide the mose growth, not that growth is really important but it must be an issue will all realestate investments.

New Devlopments, under construction or Exsisting gated communities... In America the new develpments almost always out perform exsisting one's is that the same in HH and Thailand in general. The brokers in Phuket have indicated that new devlopments will out perform in that local but it is not the case in all of Thailand and name brand issues fall into play, location/status etc.. any info that is based on some specific info...

STEVE G · Posted: Fri May 05, 2006 7:51 am Post subject:

Hi itkman,
You indicatede your experieince with the differance between exsisgting devlopments and new develpments in locatiopn in americqa was importatn in providing the mose realestate growth, New Devlopments out perform exsisting one’s in HH as well.
I think!

c.g · Member Joined: 23 Jun 2006 Posts: 51

most development sell under the market value so if you buy before completed then you should be able to make a profit.

silverbird · Member Joined: 06 Jun 2006 Posts: 51

malcolminthemiddle · Posted: Sat Jun 24, 2006 5:29 pm Post subject:

roberto · Member Joined: 22 Apr 2006 Posts: 62 Location: Hua Hin

Depends too on the guarantees of infrastructure afterwards. Where's the compulsion to build the club house and bar and restaurants and wide avenues, shuttle buses and shops when the houses are all sold? Lots of existing developments lack the facilities promised when they were selling plots. Thailand is a law unto itself don't read too much of your US experience into Hua Hin try suing a thai over contractual obligations. Check it out for yourself. Discounts on off plan often come from an inherently rising market anyway, one that exists for older communities too. Also factor in that you know if they flood or have water supply problems etc etc. If someone's offering you a deal thats too good to be true it usually is. Perhaps a mix and match if you are buying a few, existing and off plan then all your eggs aren't in the one basket.

malcolminthemiddle · Posted: Sun Jun 25, 2006 1:37 pm Post subject: Re: new v old

c.g · Member Joined: 23 Jun 2006 Posts: 51

for sure there are bad developments, ppl who spend all the money on new land before the old project is finished but alot of projects you will make a good return in less then a year of completion.

silverbird · Member Joined: 06 Jun 2006 Posts: 51

JW · Ace Joined: 11 Sep 2005 Posts: 1410 Location: hua hin

I think that there has been quite a lot of fairly mediocre design but there does seem to be some more imaginative property in the pipeline. I think things are looking pretty good.