International - Thailand condo investment

[Tip Mallick]

I couldn't find an international forum, so I am posting this here.

Has anyone invested in condos in Thailand? Did you get superior returns than investing in US Real Estate?

From what I gather, the capital appreciation is little to none.
At the moment, I am getting a 7% return from dividend-paying US ETFs with practically little time and effort.

Would you consider investing in condos in Thailand that don't show more than 10 to 12% ROI and I'm talking about ROI as rental income.

[Mike Lambert]

@Tip Mallick

I think there is an international forum but not that many people invest internationally here and probably even less in Thailand anyway.

It depends on your objectives (we all have different ones) but didn't you already answer your own question? I invest exclusively overseas as I can get better returns than at home in the right places but I wouldn't touch Thailand with a 10-foot pole, unless it's for lifestyle. The lack of capital gain would already be a huge no no for me but so is the inferior property title (foreigners can't own land in Thailand).

There are so many better ways to make a 10 - 12% ROI, which by the way you're not guaranteed to get (which would be ok if you could get capital gains)! I don't know if you're aware but luxury hotel rooms are often super cheap in that country so I'm not sure how you'd compete and make any decent income. I'd never trust the figures of a promoter and do my own calculations.