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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The condominium market in Bangkok in 2018 set a record for the most new project launches in 10 years, with some 65,000 units entering the market, an increase of 11% from 2017. As a result, the cumulative supply of condominiums in the capital from 2009 to 2018 has reached around 500,000 units. Research by Knight […]
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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 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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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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“Pre-Sale & Flip” Real Estate Investment – investing in pre-sale or pre-construction real estate – was proven to be profitable. You can always buy real estate at a fraction of the cost of a completed property. In Bangkok and some other area in Thailand, real estate will appreciate in value (increase price) before the project […]
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It is known in general that the best investment properties for non-professionals are residential, especially condominium. Why? Because condos require less maintenance – juristic office is there to assist with minor fixes so that you should only worry about the interior. In addition, as opposite to Europe and USA, condos are tend to garner higher […]
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