Reader question: Buying a condo, who has experience with Matrix Development in Pattaya?

Hi Wilco,

Please contact Maurice and/or Michel from Thailand World wide, who is a Dutch real estate agent in Pattaya who is very familiar with the market there. He can undoubtedly tell you everything about matrix, they also work together with heights holdings, a project developer who is working hard there!

Enter housebuypattaya on google and you will end up on their website.

Regards,
Ton

Ahoi Wilco, there is so much real estate on offer. That's not the problem. But most new construction is very small. And in relation to the price, poorly built / finished. Plus the majority is bought by Russians and Chinese. And you don't want to be in a flat with Russians / Chinese. But do you already know what you want? Beachfront / hinterland ? Seasight / landside ? That kind of thing. Then I can advise you more specifically. By the way, I would never buy anything in a 2nd year. I'd take a good look around first. I did that at the time and ended up buying something that I would never buy in the first place! In the end I am very happy with it! You can also email me at [email protected]; I represent that organization. So I'm there regularly. Regards, Ad.

If you buy a condo, you are stuck with monthly costs. They are variable (in the long run) without you having any influence. The control on; what do i pay and what do i get is difficult. If the maintenance is not carried out properly, you can complain, but experience shows that not too much is done for improvement.
Better buy a condo that has been ready for a few years. Then you can see how the maintenance works. Often a condo is sold because the owner has died or doesn't like it anymore in Thailand. But there are also sales because the management is not good. So don't ask him who sells the condo, but ask third parties who still want to live there. Good luck

Hello Wilko,

There are many pitfalls and traps that you should already take into account. I did business with matrix. In parklane complex a 1/1 condo on a corner on the 3rd floor. I rent this one but it is possibly for sale. Has a Thai name, so you must have a partner or a 'company'. (may be available). In a later project I bought a double condo in paradise park (furnished as one whole) 2/2 + large living room and kitchen. I also rent this one. I can sell those too if you want. This has not yet been registered with the land office. Why not I don't know. Finished almost 2 years ago. There is a lot of new construction indeed, but also be careful, for example, on the eia quality mark. I can also offer you a simple condo close to the sea (100 m) in View Talay 5c on the 4th floor. There is a restaurant and swimming pool and a shop and laundry. Everything next door. just send a message [email protected] for more info, photos and/or information. Please only with very serious interest.

When purchasing, also inquire about the transfer costs. When purchasing from a project developer (i.e. new construction), the latter may legally only ask for half of the transfer fee (2%). The transfer fee is calculated on the appraisal value determined by the land office and the revenue office. The withholding tax and the specific business tax are therefore always for the project developer. So if, for example, the purchase contract states that the costs are shared, you do not agree to this.
So with resale from an owner and not from a project developer, it is possible to negotiate who pays what of the costs. There are no rules for this.