View Talay Unfilled

[Dodger]

I'm referring to units with no evidence of ever having had occupation. No aircon, no curtains etc.

Yes...those are half of the units in the building that have never sold for the reasons mentioned earlier.

It's long been rumored that some investors who build properties like this do it as as a means of "moving money". If they sell 50% of the units (mostly to farang) they are getting the ROI they expected.

The average cost of a studio (42 SQM) in an upscale property like View Talay is somewhere around 3.5 million THB. They are fully aware that some units will sit empty for a long time.

[Dodger]

There's rumor of a movement underway to increase the legal allowance for the foreign quota from 49% to 75% to increase the ROI for the investors (mostly Chinese/Thai kazillionaires). That would probably increase property sales - but could also result in higher selling prices. Right now it's a buyers market.

I've read about that too.
In the short term, that would release more properties onto the market for foreigners and more supply usually keeps prices down.

Sometimes - but not always.

Condos in Thailand that are available with foreign deeds (freehold deeds) almost always sell for an average of15% more than condos with Thai deeds. Most (not all) of the units you see sitting empty have Thai deeds.

If they increase the legal quota to 75% - the owners can then sell their condos, which are currently only available with Thai deeds, with foreign deeds in the higher price bracket.

[Rocket]

I think because of the oversupply, many buildings such as this one always had unoccupied units.
I owned a unit in vt5 building C, closer to the beach.
Bought it in 2006 for about 2 million baht and sold it just as Covid hit in 2020 for 3 million.

I sort of regret selling it as it’s so close to the complex, with a nice sunset view. But I already have another condo and the rent wasn’t worth the bother. I got a good price as I think they’re selling for lower than 3 million.

The other condo I bought off plan in 2012, because it was close to Sunee. I still have it and really enjoy it. Especially the shuttle bus we have. Ramon land built it so I wasn’t worried about it being finished. I don’t know how many vacant units there are in it now. Probably a lot. However, there is a market for resell. I’ve decided to not sell it and I don’t rent it out for the half year I’m not in Thailand, though I probably should.

[Dodger]

I owned a unit in vt5 building C, closer to the beach.

Is that the VT that's close to Immigration (soi 5)?

[Jun]

View Talay 5 is north of the complex. Doing a map with every single block seems "too difficult', but C is the one nearer Dongtan Beach, with a path heading directly to the beach.
The lowest occupancy seems to be in 5D, nearest the road on the south facing side and the end facing the road. Clearly the least desirable units, but normal practice should be to vary the price accordingly?

Overall, VT7 and 5C and seem to be well located.
Also the two towers in Jomtien Complex, although these appear to have some undesirable design features. For example, who wants a bedroom with windows on 3 sides?

[Rocket]

There’s also view Taley 6, next to central festival. Probably the most desirable location. Prices are higher there.
Definitely the worst one is View Taley 8. It’s way down in jomtien. It looks totally empty to me. I go by that building from the the beach near soi 12.