Can I negotiate the rent for a 12-month lease on a condo in Central Bangkok near Asoke given the current market conditions?

Condo Rental Negotiation Tips Central Bangkok Asoke Expat Life Thai Property Market Rental Prices Lease Agreements

Oct 20, 2024

a month ago

ORIGINAL POSTER

Hi all, I'm looking at getting a 12 month lease on a condo in Central Bangkok near Asoke. The project has dozens of condos available through various agents. Given that most are all at the same price, is it possible I could get them down on the listed cost? It seems there is a lot of availability with little demand... And in most markets that should mean a possible discount...

Thanks

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TLDR : Answer Summary

The user is seeking advice on negotiating a lower rental price for a 12-month lease on a condo in Central Bangkok, specifically near Asoke. The discussion highlights the challenges of negotiating with Thai condo owners, who may prefer to keep their properties empty rather than decrease rent, especially in popular expat areas. Suggestions include contacting agents, exploring nearby areas like Rama 9 for cheaper options, offering upfront payment, engaging with the juristic office, and understanding the market dynamics involving owner agreements on rental rates.

Tony ********

A lot of the Bangkok condos have line groups for owners (primarily Thai), and they unofficially agree the minimum rental rates and don't like to be found to be not playing ball.

a month ago

Andy ********

ORIGINAL POSTER

@Tony *******

talk about cut off their nose to spite their face ... 🙂

a month ago

Reply to

Andy ********

Us *****

You get a couple of agents to show you the condos. If you like one of them, then ask for 10-20$ off. The Thais always ask for the highest price knowing you will negotiate down.

a month ago

John **********

I'd pop into the building and speak to the juristic office and see if they will help

a month ago

Robert **********

I negotiate by offering a year paid in advance with no deposit. Landlords can rarely resist that much cash in one hit. Be prepared though to do any minor repairs yourself ( I can and do ) You won't see the landlord for a year. At the end of the lease you can renew or walk away.

a month ago

Dennis *********

"most are all at the same price" it's not the agents that set the price, it's the owners of the condo setting prices. they're not going to list with one agent cheaper than another. if that's where you want try to determine how many vacant condos are and then attempt to have an honest conversation with an agent you like. different rooms in same complex might have some better improvements vs the average there, or better view, higher floor, etc, etc

a month ago

Pa***

Try looking at Rama 9. I see condos there are little bit cheaper and close to ASOKE :)

a month ago

Brandon ************

Might be possible with foreign owners, but Thai owners would rather let it sit empty than lower the price.

Just start contacting agents and inquiring. That's one of the most popular areas for foreigners though so it might be difficult.

I was looking for a room in a specific building on Soi 19 that I lived in previously and one of the cheaper rooms I found only offered a 6 month lease because the owner wanted to raise the rent in 6 months. It's a crazy market out there that defies logic in many ways.

a month ago

Reply to

Brandon ************

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