Friday saw a small increase in the price of TTA- only 100$ or so but its always nice when a stock you just bought increases (rather than drops as per usual). THAI is also seeing slight increases. Overall my portfolio would be positive now if it weren't for KBANK- ironically the stock i thought was going to be the 'safe' one- its down 10%, but all the experts are predicting a big increase over the course of the year with target prices over 110 or so (its currently at 80) so i'm not too worried.
I spent alot of time over the last year since arriving in Bangkok looking at condos to buy. initially i was going to get a 3 bedroom and put all my savings into that but finally i decided to go for a 1 br instead and put the left over into stocks. IM looking for 1 br, with 5 mins walk of BTS, new building (not more than 5 years old), good pool and gym, a good company (SIRI being my first choice).
Ive narrowed it down in Siri at Sukhumvit and Noble Remix- both just opened and both within 50 meters of BTS Thong Lor. Siri has the best gym/pool ive seen in any Bkk condo,Remix is probably the 2nd best ive seen (i was surprised how bad the pools/gyms are in so many high end condos even along sukhumvit 24).
The quality of Siri is outstanding but the 1 br are abit too small- 50sqm. Remix have 60 sqm corner 1 br, i will be seeing one for the first time on Monday.
Even though im buying to rent out, my key buying criteria is that i must want to live there my self- which means the siri 1 br is probably not my final choice given their small size rooms...
Price is 6-7 million baht for 1 br in both condos- potential rental price would be @ 35,000 baht i think; i am aiming for about 1,000US$ per month rental income after maintenance. About a 6% return.
Ill review again once ive seen the 1 br next week in Remix.
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