Looking for an investment opportunity in Nong Khai

Post by **john2005** » July 21, 2005, 9:53 am

I understand the farang karioke bar in Phon Phisai by the river is up for sale.It was initially a restaurant but had few customers.

Post by **BangkokButcher** » July 21, 2005, 11:03 pm

It seems that pretty much everything is going up for sale up there..

Post by **businessman** » July 22, 2005, 10:54 am

The property market around Phon Phisai is even less logical than the rest of Thailand.Land prices are very high due to the Bung Fai festival,but that is only for a few days a year.

A very small plot on the main road,the size for a small house with little garden just went for 3.5 million baht.

Post by **BangkokButcher** » July 22, 2005, 10:39 pm

Post by **businessman** » July 23, 2005, 11:11 am

The family that sold is obviously delighted and has moved a little outside town to a big plot and has built two homes with lots of cash to spare.

I think the new plot was something like 800,000 Baht but then i found out another plot nearby that is a garage has gone for 4.5 million so just shows you how crazy the Thai property market is.

Post by **chingo** » December 31, 2006, 2:34 am

businessman wrote:The way the Thai economy appears to be going at the moment i don't think its financially wise to have to much money in Thai Baht.The old dollar is having a good run.

Boy, I hope you did'nt bet on that statement!!!

Post by **designer** » March 14, 2008, 6:50 pm

Hi there I get !0 % here in south africa,feel sorry for you guys

Post by **747man** » March 14, 2008, 10:05 pm

designer wrote:Hi there I get !0 % here in south africa,feel sorry for you guys

Designer...NO NEED TO MATE !!

Post by **arjay** » March 15, 2008, 1:32 am

Designer, I hope you realise you have just re-opened/posted on a thread that's 15 months old!

Post by **beer monkey** » March 15, 2008, 1:40 am

arjay wrote:Designer, I hope you realise you have just re-opened/posted on a thread that's 15 months old!

More than that arjay its from mid 2005...almost pre-historic which fits in rather nicely with Udon and surrounding area's history.

Post by **arjay** » March 15, 2008, 1:59 am

Your new Avatar looks younger, and quite tasty and inviting.

Post by **arjay** » March 15, 2008, 2:04 am

So how do members, and particularly those that live there already, feel Nong Khai will develop over the next few years? Will it become the place to live, or will it remain a quiet backwater (as some of the guide books describe it)?

The main feature to me seems to be the very pleasant river frontage and views. However, it's a long way from the rest of Thailand, with limited shopping and very limited nightlife, is it not??

Post by **BKKSTAN** » March 15, 2008, 9:07 am

I have not figured out what everyone is looking for when they describe NK as limited night life!I think one can find whatever they are looking for,but since it is a smaller community than some other places,it has less venues!

The weather is cooler than anyplace South of NK and it is 45 minutes from Udon.It is on the trainline and closer to Laos.

They don't have any English speaking movies in the theaters,but Udon seldom has any either.

It is easier and faster to get around and has plenty of good falang food venues!

When my daughter enters University,we will move from here to wherever she attends school.That is 3 years down the road and I am already letting it bother me!It took 5 years of living in Bangkok while searching for the best environment to move to.Moved here 4 years ago and I have never regreted it!

The police do not hassle falangs in NK unless your registration has expired!

The locals are friendlier than anywhere else in Thailand!!!

Post by **Aardvark** » March 15, 2008, 9:12 am

I've always thought it had great potential as a Tourist centre being so close to Vientiane and the Mekong being one of the biggest and most well known rivers in the World. It would seem however that know one is willing to put money into the place, so I guess the old haunts down south will continue to attract all of the Tourist trade.

Post by **BKKSTAN** » March 15, 2008, 9:15 am

For investment purposes,land in town and riverfront land from NK to Phon Phosai are good investments as they are premium building sites.

We have a full acre of high flat riverfront land !

Post by **BKKSTAN** » March 15, 2008, 9:24 am

Aardvark wrote:I've always thought it had great potential as a Tourist centre being so close to Vientiane and the Mekong being one of the biggest and most well known rivers in the World. It would seem however that know one is willing to put money into the place, so I guess the old haunts down south will continue to attract all of the Tourist trade.

It is a major tourist destination,especially Thais!Of course ,it doesn't compare to to beachfront resorts areas.

Has anyone noticed how many new shophouses and homes are being built in NK?Even with all that, rents on existing properties have increased 25-30% in the last 4 years!

Post by **arjay** » March 15, 2008, 10:42 am

But have you heard of any new shopping malls, or entertainment centres, leisure centres, swimming pools, or even a "coyote" bar/nightclub for watching eye candy?!!

Post by **BKKSTAN** » March 15, 2008, 11:58 am

I don't think the community is large enough to handle or even need more of the above at this time.

Frankly,as far as the ''coyote girl'' venue is concerned,I would prefer they stay 50 KM away,Although there are 2-3 venues with dancing girls,but they start after I have gone to sleep!

Post by **747man** » March 15, 2008, 12:28 pm

arjay wrote:But have you heard of any new shopping malls, or entertainment centres, leisure centres, swimming pools, or even a "coyote" bar/nightclub for watching eye candy?!!

Arjay, Yes I've got a SWIMMING Pool at MY /Well I mean "The Wifes House" !! =D> =D> And IF you want a Coyote place The Hollywood at The Tip hotel IS The place to go.........So I believe

Post by **arjay** » March 15, 2008, 3:13 pm

So I take your point 747, you're leasing your swimming pool from your wife. You'll have to watch she doesn't pull the plug on you then!!

Does that mean you have your own soapy?

I assume NK doesn't??

Is Phon Pisai worth a visit? Does it have anything of interest?