Off plan condominium purchase in Thailand means buying a condo in a planning stage or a condominium not yet fully constructed. The standard payment schedule found in an off-the-plan sale and purchase agreement of a condominium in Thailand is:

1. a reservation agreement with a reservation fee of 100,000 baht (approx 3300 USD)
2. a deposit of 10 to 20% of the purchase price on the execution of the condominium sale and purchase agreement
3. periodical installments during the construction of the condominium with a final installment of 1/12th to 1/20th of the purchase price upon transfer of ownership of the condominium.

Who to pay to?

Paying in escrow for a condo in Thailand means that payments are made to an Escrow Act licensed third party financial institution or bank that will hold the deposited monies till the conditions of the condominium sale and purchase agreement have been met, depending on the contract. The use of escrow services in Thailand for property purchases is not common!!

Generally developers in Thailand DO NOT offer escrow payment arrangements. Property developers in Thailand are under the Escrow Act or new Condominium Act and Condo Act regulations NOT required to offer escrow agreements to consumers. Property developers in Thailand are free to require deposits and installments in agreements without offering any protection for the purchaser payments. There is no legal protection structure in place for realty buyers. This part simply depends on the agreed and accepted contract terms and conditions between the seller and purchaser. If the buyer pays directly into the developer’s account this is an accepted risk he as the purchaser takes.

In 99% of the property development projects in Thailand the purchaser makes the payments directly to the developers bank account. Obviously payment made directly to the developer, as opposed to payments made in escrow, carries some serious financial risks for buyers in case of default by the developer. They risk loosing all. In addition, pre-paying the development, the buyer looses all leverage in case of delay or poor workmanship. At the time of completion the buyer has paid up to 95% of the purchase price and the developer is in a much stronger position and can simply refuse transfer of ownership to the buyer.

The developers company

The standard payment schedule by which the purchase price is paid directly to the developers bank account during the construction or even before the start of a condominium project carries risks of losing your payments in case of default or bankruptcy of the developer.

An important part of this arrangement is the developers company. Is it a large SET listed (Thailand stock exchange) real estate developer or a limited liability company with a low share capital and a poor track record? Limited liability for the developer means limited liability and in case of default there is for the buyers little chance of getting any of the payments back.

The Condominium Act supposed to protect the interests of the buyers of condos in Thailand but does not require the establishment of escrow arrangements in an off-plan condominium development.

Paying directly to the developer in Thailand is taking a risk.

What are the advantages and disadvantages of using living in a condominium unit in the Philippines? Condominiums, or condos, have become very popular types of housing in the Philippines today. According to many Filipinos, part of the reason why it became popular and highly in-demand is because of today’s modern and fast-paced lifestyles.

Advantages of living in a condo unit in today’s modern trends Because of today’s modern and fast-paced lifestyles, many Filipinos today are looking for a kind of house which they can easily access from the work. Because most Filipinos today are working around the clock, the kind of home they are looking for may involve most necessities, such as a relaxing and quiet space where they can retreat to once their work is done.

Accessibility to workplaces At that time, condominiums, along with a few apartment buildings, were found in locations such as in business and commercial districts, such as the many towering condo manila. And because of this, condominiums became a very popular type of housing for Filipinos living in a fast-paced lifestyle, which in-turn led to a massive demand for these types of housing.

Eventually, the number of condominiums has significantly increased within and outside business and commercial districts, allowing more Filipinos to benefit from its advantages. But other than its accessibility to workplaces, condominiums are also known for its ease of access with entertainment areas such as malls.

However, other than its location, condominiums are also known for its other benefits, such as its maintainability as well as its security.

Maintainability and security All types of condominiums are known for their maintenance personnel who are tasked to maintain all facilities found in the condominium, from its hallways to elevators, to cooling systems and its garages. This makes it easier for its residents to focus more on their own units rather than the whole condominium.

In addition to its maintainability, condominiums are also known for their security personnel who assure the safety of their residents, particularly because most if its residents are of high-statures such as company and corporation executives.

Disadvantages of living in a condo unit in today’s modern trends There are, however, several disadvantages to living in a condominium, particularly in most condo manila. One of those is its lack of environment for growing a family. Because most condominiums are found in the city, many Filipino families found these unsuitable for their growing family.

Another major disadvantage of condominiums is its expensiveness and condo fees. Because most of these condominiums are found in areas near or within business and commercial districts, as well as with its growing demands, condominiums became one of the most expensive types of housing in the Philippines.

In addition to that, condominiums are also known for its condo fees, which are mostly used for the maintenance of the condominium as well as wages for its security and maintenance personnel.

Those taking up residence in Doral, a city in Miami-Dade County, Florida, will be pleased to learn that the place has many real estate agents with friendly services to people wishing to move in. These agents services include online facilities by which one could conveniently scout Doral condos either for rent or for sale, and compare prices as well as the various amenities being offered in each complex.

The better real estate agent to tap in the search for Doral condos would be one that could also provide some legal advice or referrals. Some legal counsel is desirable particularly when purchasing a condo unit. For one, the by-laws of the condo-unit owners association have to be thoroughly examined if these conform to the state laws. If one just intends to rent a unit, it has to be established if the complex is renter or tenant-friendly. The by-laws of the condo-unit owners association have to be explicit on rental policies.

A good real estate agent for Doral condos should also be able to help one perform a background check on the management of the complex. The better-managed condominiums would be those that have their own professional managers. Self-managed condos may operate efficiently but theres less hassle if a professional management company is dedicated to its upkeep. Nonetheless, the prospective condo buyer or renter should also take the initiative to check out the management company and directly interview the condo manager. Talking with people already living in the condos will also be of great help your peace of mind of having a condo in Doral.

Situated in east Singapore, Bedok Reservoir condominium which is an Urban Redevelopment Authority (URA) tender will be launched in between November to December 2011. The 4.56 hectare land was made into a residential property wherein approximately 577 housing units were built. The units are of different types like single bedroom to five bedroom apartments, penthouses and Semi-Ds to cater to the space needs of individuals and small and large families. Not only that the housings units are made of intricate designs and landscapes but the condominium itself boasts of its back-to-nature appeal especially since it nestled in the waterfront and reservoir. It would be better to purchase a unit if you want to live a more laid back life.

Further, Bedok Reservoir condominium provides space for both children and adults. For the children, there is a playground and a swimming pool to make their lives fun and exciting. They may also learn about nature in the park. For the adults, there is a gym, tennis courts and sauna. Nonetheless, they could enjoy together the BBQ areas and the spa and wading pools. These facilities are perfect for Sunday lunches and picnics. As such, the condominium does not only highlights family living but a family living that is of high quality and very decent.

There is nothing compared to having a home in a neighbourhood that is both peaceful and secure. Bedok Reservoir condominium was developed in such a way that it will be a haven. Round the clock security guards ensure that all residents are protected. Other than this, modern surveillance cameras are installed so that the movement of the people in and around the condo can be closely monitored. Having said this, security should be a primary concern in buying a house and this condominium in District 16 would be perfect.

Another consideration in finding a house or an apartment is its proximity to schools and groceries or supermarkets as well as different modes of transportations. First, the condominium is situated in an area with primary and secondary schools and college and university. There is also an international school within the vicinity. Second, shopping malls are close and are just about a 15-minute drive, that is if you could not find items that you are looking for on the two groceries in the basement of the condominium. Third, bus stops are geographically scattered in the area as well as being close to an expressway. That being said, if you want to live in an area with easy access to facilities and amenities then Bedok Reservoir condominium is highly advisable.

One of the most popular types of residential real estate in the philippines today are condominiums. Part of what made it popular, according to many Filipinos, is because of its flexibility in which these types of housings can easily offer their residents different advantages that will cater to their specific needs.

Flexibility of Condominiums One of the many advantages of living in a condominium is that residents are given the luxury of living within walking distance from their workplaces. This is because most of these types of housings are found mostly in business and commercial districts, such as in Makati City.

Because of its location, many of its residents found the right type of housing which they can take advantage of, which allows them to live close from their workplaces, making it easier to get to their jobs while avoiding the usual hassles of rush hour.

However, other its location, condominiums are also the only types of housings found in the middle of a busy district that can offer residents amenities such as an indoor swimming pool, gym, as well as a sports complex which aims to lessen the stresses that their residents are usually going through in their work or to provide a relaxing avenue for them to “hang-out”.

But other than the types of condominiums found in these locations, there are also other condominiums that are found far from these cities, which are mostly found around the outskirts of Metro Manila as well as in many popular provinces. These types of condominiums are known as condominium complexes.

A Condominium for the Family What made condominiums a popular type of residential real estate in the philippines is because of its flexibility that allowed Filipinos who requires the location they needed to easily access their workplaces, as well as a location where they can relax and enjoy living outside the busy streets of the city. This is where condominium complexes came into place.

The disadvantage of condominiums in the city is that its lack of facilities that can accommodate the needs of growing children, such as wide open spaces for running, playgrounds, and parks. This is the reason why condominium complexes were established in the Philippines, which aims to offer the kinds of environment that growing children requires in their growth.

The advantage of living in a condominium complex is its environment, which mostly involves peaceful surroundings, wide-open spaces, as well as facilities that offers a chance for children to play safely such as recreational parks and playgrounds.

The only disadvantage of these types of residential real estate in the philippines is that its location is usually too far from the city, which made it harder for its residents to get back to their workplaces.