THIS WILL BE a year of challenges, change, and opportunities for many sectors of the Bangkok condominium market For the downtown market, the challenge in 2019 will be matching a new product with real demand. Rapidly spiking land prices have meant that development costs and asking prices for new projects have continued to increase. Purchasing […]
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Bangkok Condo market pace accelerates New unit launches surge in third quarter but developers sticking to tried-and-true areas. Surachet Kongcheep – a local property market expert. The third quarter of 2018 was the busiest in more than three years for the Bangkok condominium market, with 23,559 units launched, 180% more than in the previous quarter. Some […]
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New zoning laws are purported to make Bangkok more dense and improve utilization With hardly an inch of earth left to maximize land use and public utilities, there is still a plan to transform bustling Bangkok through inclusive development. City planners and property developers hope the new Bangkok city plan, scheduled to be applied from […]
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A SLEW of residential projects, comprised of single-detached houses, townhouses and condominiums will be launched in the Bangkok property market during the second half of the year, catering to the middle and upper-income homebuyers with unit prices of more than Bt2 million each. A survey by The Nation finds that 25 listed and non-listed property […]
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THE property market is expected to expand at least 5 per cent this year, according to the consensus from the listed developers that have posted double-digit growth for the first quarter compared with the year-earlier period. Nine of the 11 developers that have announced their first-quarter results reported strong gains in net profit from the […]
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The outlook for the Thai economy in 2018 appears positive, based on trends that we saw emerging in the second half of last year. Most property developers have announced investment plans that feature higher revenue targets compared with last year. Available information so far shows that listed developers plan to launch about 400 billion baht […]
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Drive past Sukhumvit-Asoke intersection and you may notice a new billboard has come up in the past few days advertising a special discount for buyers of a high-end condominium project on Sathon Road that until recently was being touted as having been 100% sold out. One would be forgiven if they thought that this was […]
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Highlights The Bangkok condominium sector in 1H 2017 showed positive growth adversely to recent market concern about possible oversupply situation. Total number of new supply in 1H 2017 increased 39% to 30,493 units compared to 21,927 units in 1H 2016. On demand front, there were 27,275 condos sold in the first half of 2017, up […]
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Thailand ranks #3 in South-East Asia for the total hotel investments amount Thailand’s hotel success story is continuing. Earlier in the year JLL announced that the Kingdom was having a record breaking year thanks to an sharp increase in investment. Now the real estate firm can reveal that Thailand has the third highest level of activity within […]
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Based on Edmund Tie & Company Research Bangkok’s condominium market was upbeat, as demand showed signs of improvement. The pre-sale levels of new projects in the CBD averaged 67% in Q1 2017, higher than the 64% in Q1 2016. The average unit selling price for new condominium units was similar to Q4 2016 at THB246,380 […]
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