New Developments: Pros and Cons
Advantages
Price Growth: By purchasing at an early stage of construction, you get a price that is 20-50{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652} lower than upon completion. This is the main advantage for investors.
Installments: Most developers offer interest-free installments during the construction period (1-3 years). A typical scheme: 30{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652} upon signing the contract, 70{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652} upon completion.
Modern Design: New projects are built with the latest trends in mind — smart home systems, energy efficiency, thoughtful layouts.
Developer Warranty: Usually 1-2 years for construction defects.
Risks
Timelines: The developer may delay completion by 6-12 months. This is a normal practice in Thailand.
Mismatch with Expectations: The actual property may differ from the renders. Choose reputable developers with a good track record.
Secondary Market: Pros and Cons
Advantages
You see what you are buying: The apartment is ready, you can assess the actual condition, view from the window, noise level, neighbors.
Quick Transaction: From selection to receiving keys — 2-4 weeks.
Lower Prices: Secondary market properties in buildings older than 5-7 years are usually 20-30{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652} cheaper than similar new apartments.
Established Infrastructure: The area is already developed, you know exactly what is nearby.
Risks
Condition: Repairs or replacement of furniture/appliances may be required.
Maintenance Fee: In older condominiums, maintenance can be more expensive due to the need for repairs in common areas.
Comparative Table
Entry Price: Secondary market from 990,000 baht, new development from 1,800,000 baht
Growth Potential: New development 20-50{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652}, secondary market 5-15{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652}
Time to Move In: Secondary market — immediately, new development — 1-3 years
Installments: Only with the developer
Rental Income: Comparable (5-8{4c3c43d1166a1d1dff527390f0aa80c2208b22b51fad691393a45f9289cfc652} per annum)
Our Recommendation
For investments with a horizon of 2-3 years — choose a new development at an early stage. For immediate living or renting out — the secondary market with verified properties.