Bangkok office rents drop for the first time in 10 years

Colliers predicts fall in 2020 Bangkok office rents for the first time in 10 years

Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy. Phattarachai Taweewong, associate director of research and communication at Colliers International Thailand, said the Bangkok office market has grown consistently since 2010. "This year will be the first contraction in the sector...

Expat shift drives changes in Bangkok’s condo market

Thailand’s dominant working expat nationality in past decades has been Japanese, currently making up 18% of expatriates in the country. But, while Japanese expatriate numbers are decreasing, a CBRE report notes that Chinese and Filipinos are on the rise. There were 28,560 Japanese expats in Thailand as of Q3 2020, just ahead of the Chinese expat contingent at 25,811. As China’s manufacturing has...

Room rates drop as Thailand’s hotels feel the Covid pinch

The ongoing tourism slowdown has led several hotels to reduce the price tag on their property by more than usual, says Destination Capital, part of Destination Group. The difference between the coronavirus crisis and the 1997 financial crisis is revenue dried up during the outbreak without visitors and had to close temporarily, but still had to bear operation costs, said James Kaplan, chief executive...

Property Sales Plummet in Northern Thailand as Home Buyers Dry Up

Developers in Northern Thailand a bracing for a huge slump in the residential property market as home buyers become fewer and fewer. Furthermore banks are imposing stricter rules on home buyers and denying mortgages. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among home buyers will lead to a continued drop in the property...

How to Create Your Ultimate Outdoor Kitchen

Create a beautiful outdoor cooking space for relaxing and entertaining all summer long. As summer approaches and temperatures start to rise, no one wants to spend time inside sweating over a hot stove. With an outdoor kitchen, you can make the most of the beautiful warm nights by spending them with your friends and family. Whether you have thousands to spend or a just few hundred to splurge, create...

What are agents doing to help home-movers stay safe?

Since the government reopened the housing market in England, physical property viewings have restarted for home-movers up and down the country. Estate agents have introduced new working practices to ensure they’re sticking to new government guidelines, so we spoke to two agents to find out how they’re keeping home-movers safe. If your home is currently on the market, or you’re planning to sell...

How to Plan the Perfect Patio

Starting to daydream about dining under the stars? Make that dream a beautiful patio reality. For many homeowners, the patio borders on magical: a place to relax, entertain, cook out and take a break from the day-to-day. It’s surrounded by vibrant hues, and a meal prepared in an outdoor kitchen somehow tastes better than anything that comes from its indoor counterpart. Creating that perfect...

Vietnam is becoming a second home destination for international property buyers

The Vietnam tourism property market is still relatively new, but it is a segment many experts have pointed to as having the potential for strong development. That’s due to rising foreign and domestic tourism alongside a growing number of appealing holiday destinations. Prior to the COVID-19 outbreak, nearly two million foreign tourists visited the country in January with more than half of this total...

3 Simple DIY Driveway Ideas

Nowhere to park? Create your own driveway with one of these affordable methods. A DIY driveway can be an easy want to add parking or improve the look of your home. Here are three relatively simple options. 1. Carve out a parking pad The easiest, most affordable way to get an extra parking space is to clear out some grass and throw down mulch. It works fine, looks good and can be done in a...

How Pets Factor Into Home Sales

If anyone is happy about our being stuck at home, it’s our pets. Owners who previously left for work every morning have become constant companions to pets during the pandemic, providing scratches, treats and walks throughout the workweek. This writer’s own skittish rescue cat has become increasingly playful and willing to accept a pat or two as the lockdown has stretched on. According to reports...

Compare listings

Compare