Building rent near bus station

Post by **corvin1984** » March 3, 2012, 7:17 pm

I've been making some wild enquiries about the rent of buildings near the bus station. One of the figures came back at 50000 a month. Now for what I have in mind for the place that would mean charging customers obscene rates to make anything worthwhile in return.

So i guess my question is this. Is rent in udon now so high for commercial property that its not worth foreign people trying to invest?

Vague I know, but roll with it....

Post by **harmonyudon** » March 3, 2012, 11:03 pm

@corvin1984,

It depends whether a building is expensive or not. What kind of building is it you're talking about?

Post by **KHONDAHM** » March 4, 2012, 7:24 am

Also, the fact that Central is re-opening has many Thais licking their chops at the prospect of jacking up area rental prices just like they do with land. As soon as ONE idiot pays the idiot price, they ALL think that is the new normal and won't settle for less. Don't give into it. Perhaps you can set up shop in the new Big C or Lotus where rents are realistic. There are LOTS of new housing developments going up now and planned in that area. Probably a better investment.

Post by **trubrit** » March 4, 2012, 7:46 am

KHONDAHM wrote:Also, the fact that Central is re-opening has many Thais licking their chops at the prospect of jacking up area rental prices just like they do with land. As soon as ONE idiot pays the idiot price, they ALL think that is the new normal and won't settle for less. Don't give into it. Perhaps you can set up shop in the new Big C or Lotus where rents are realistic. There are LOTS of new housing developments going up now and planned in that area. Probably a better investment.

I rather wonder at what you would call realistic KD? A friend of mine has recently moved out of the new Big C because his rent was raised to 30k a month .

Post by **Bandung_Dero** » March 4, 2012, 7:58 am

I know it's an older building but in a prime location, it would be interesting to know roughly how much Fuzzy Ken currently pays and expects to pay in the future!

Post by **corvin1984** » March 4, 2012, 3:57 pm

The building is on alignment with soi sampan. However its not worth the rent they are asking. I fear that someone has gone into the lease without fully regarding their business practices or turnover, one of the more interesting areas of the P+L sheet was as follows

Cost / month to business 2000baht - rented out by business / month at 2000baht .... this is defiantly not good business practice.

However since this business is for sale, and a rent is already established BY a Thai tenant. How the @#$% is a foreigner supposed to rectify this outlandish situation. I have talked myself out of it already, due to the fact that there is just no possible recourse available. But if thats what Thai landlords expect for such a property, it does not bode well for the future of foreign investment. And less investment by foreigners into the region brings the card tower crashing down.

I know a number of friends that have already said goodbye to Thailand and are now visiting much more dangerous areas of the world to get more spending power from their respective currencies. This in turn causes decremental effect to areas like Udon. Thailand is the new Spain, its just a matter of time before another monk bails the government out of spiral depression. Fact.

The land of smiles is rapidly turning into the land of greed. Jing Jing.

Post by **harmonyudon** » March 6, 2012, 9:44 am

corvin1984 wrote:The land of smiles is rapidly turning into the land of greed. Jing Jing.

Amazing Thailand still amazed me Corvin.Dont forget Asia-pacific's economical growth.

The Asia-Pacific region is facing the challenge of coping with a sharp deterioration in the global environment. Slowing growth in developed economies will affect the region through trade and finance channels, he said.

Growth in the developing economies of Asia and the Pacific is forecast to slip from an estimated 7.2 per cent this year to 6.6 per cent in 2012.

The region, however, will continue to drive the global economy next year and will remain the world's fastest-growing region as it is in a position to sustain its economic dynamism thanks to strong macroeconomic fundamentals, according to Escap.

Thailand was hit the worst, with flooding projected to lower the country's GDP for the year by 1.3 per cent, compared with flood-caused GDP reductions of 0.3 per cent each in Laos, Burma and the Philippines. However, post-disaster investments for economic recovery are projected to restore economic growth in these countries over 2012. Thailand's growth rate is expected to be 4.5 per cent next year.

http://www.nationmultimedia.com/busines ... 71606.html