Seamico Chief Chaipatr Goes For Investment in Land
Though Seamico Chief Chaipatr Srivisarvacha makes available lots of prospects for consumers to invest in different types of assets, does not have sufficient time to take care of his own finances.
"I'm somewhat a conservative person. I must have given additional time to my own individual finance. But until now, I've given preference to something else," the CEO of Seamico Securities, says.
As a managerial of a securities firm, Chaipatr cannot invest in stocks for the reason that it would infringe the regulation on the subject of conflict of interest. Therefore he invested in something else that would not disobey the regulation and need less consideration than investing in stocks. He invested in land.
"I invested in land just similar to my father. I think they are assets. The cost of land permits us to make long term investment. The cost increases quite high eventually if we stick to the perception of location, location, and location… Population globally increases along with time, and comparatively, the size of obtainable land gets smaller along with time," he said.
One and a half year ago, he invested in a plot of land in Khao Yai in Nakhon Ratchasima at Bt300,000 per rai and lately somebody offered to pay money for this land at Bt1.2 million a rai.
Looking into the usual overall investment case of Asians, land would consist of a major proportion to the side from other assets, together with cash and stocks, he says.
"Land investment is not that conventional as it is dangerous at a definite level. Contrasting stocks, land is not liquid. Although you can utilize it to guarantee with banks for loans," he says.
Chaipatr said he invested in land, especially in land plots that are big in sufficient quantity to commercialize in Bangkok, the provinces, and overseas. One should think about purchasing Bangkok apartments rather than renting them. Once one pays off the credit for apartments or condominiums, one turn out to be the owner and can sell with current rate.
"I'm somewhat a conservative person. I must have given additional time to my own individual finance. But until now, I've given preference to something else," the CEO of Seamico Securities, says.
As a managerial of a securities firm, Chaipatr cannot invest in stocks for the reason that it would infringe the regulation on the subject of conflict of interest. Therefore he invested in something else that would not disobey the regulation and need less consideration than investing in stocks. He invested in land.
"I invested in land just similar to my father. I think they are assets. The cost of land permits us to make long term investment. The cost increases quite high eventually if we stick to the perception of location, location, and location… Population globally increases along with time, and comparatively, the size of obtainable land gets smaller along with time," he said.
One and a half year ago, he invested in a plot of land in Khao Yai in Nakhon Ratchasima at Bt300,000 per rai and lately somebody offered to pay money for this land at Bt1.2 million a rai.
Looking into the usual overall investment case of Asians, land would consist of a major proportion to the side from other assets, together with cash and stocks, he says.
"Land investment is not that conventional as it is dangerous at a definite level. Contrasting stocks, land is not liquid. Although you can utilize it to guarantee with banks for loans," he says.
Chaipatr said he invested in land, especially in land plots that are big in sufficient quantity to commercialize in Bangkok, the provinces, and overseas. One should think about purchasing Bangkok apartments rather than renting them. Once one pays off the credit for apartments or condominiums, one turn out to be the owner and can sell with current rate.
Labels: Asset, Bangkok apartments, Finance, Land
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