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Bangkok Rental Apartments Facing Change in Demand

Bangkok Rental Apartments Facing Change in Demand

As the number of Japanese expats in Thailand decreased to lower than 20% of the total expats for the first time in 2019 and dropped to 34,133 as of April 2019, a 4% decline Y-o-Y, CBRE is seeing a change in demand and its impact on the rental apartment sector in Bangkok, despite a healthy […]

Government Savings Bank of Thailand Relaxes Reverse Mortgage Loan Policy

Government Savings Bank of Thailand Relaxes Reverse Mortgage Loan Policy

The Government Savings Bank (GSB) will relax certain rules on its reverse mortgage loan, aiming to widen the access for senior people to the service, GSB president Chatchai Payuhanaveechai said. Growth has been slow for the loan programme, amounting to Bt400 million and Bt500 million since its launch early this year. Chatchai attributed the main […]

High demand for luxury villas in beach destinations in Thailand

High demand for luxury villas in beach destinations in Thailand

Business owners in Thailand are demanding for more supply of luxury villas in the country’s prime beach destinations. Making the most out of lower interest rates, demand for beachfront property remains strong in the face of conflicting economic sentiments. Popular Demand for Beachfront Properties Prapavadee Sophonpanich, founder and CEO of Ideas 1606 Co, a luxury […]

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply in the second quarter continued to rise in Bangkok, with most launches in June after the political situation became clearer, says property consultant Colliers International Thailand. Despite many negative factors, developers still launched new condo supply in Bangkok in the second quarter, said Phattarachai Taweewong, Colliers’ associate director. “Developers need to […]

Chinese move their purchase power away from Bangkok condo market

Chinese move their purchase power away from Bangkok condo market

Buyers from mainland China are slowing their condo purchases in Bangkok because of the strong baht, overpriced units and a supply glut. Simon Lee, co-founder and president of property brokerage Angel Real Estate Consultancy Co, said overall sales volume of Bangkok condos bought by Chinese buyers will shrink by half this year. “Chinese purchases have […]

Luxury condos change the face of Sathorn in Bangkok

Luxury condos change the face of Sathorn in Bangkok

Since 2009, the section of Sathorn Road from Sathorn junction to Taksin bridge has undergone a transformation from a strip of merchant shophouses to a luxury residential area boasting condominiums with over 8,000 units, according to a recent Nation survey. “I was born in and have stayed at Soi Suan Phlu for 48 years, I […]

Residents of Condo want action as foreigners flaunt rules on daily rentals

Residents of Condo want action as foreigners flaunt rules on daily rentals

The ongoing issue of condos and rooms being rented out as daily and weekly rentals, illegally, is making headlines again. A group of tenants went to the media complaining that they discovered owners of apartment rooms in their ‘luxury condo’ on Rama IV were contravening condominium rules and sub-letting their rooms. A sting was set […]

US-China Trade War Gives Thailand’s Industrial Property Market a Boost

US-China Trade War Gives Thailand’s Industrial Property Market a Boost

Thailand’s industrial property sector stands to benefit from the trade war between the United States and China. Meanwhile, manufacturers from mainland China relocate their production to Southeast Asia and subsequently avoid increasing tariffs. According to the Bank of Thailand, 2018 Chinese foreign direct investment (FDI) into Thailand’s industrial property sector grew 31.7 per cent (approximately […]