News

tallest skyscraper in Bangkok

Thailand’s richest man is building Bangkok’s tallest skyscraper

Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant -- no official height has been set and completion isn’t expected until 2025 -- but the tower, at the centre of another $948 million project on the banks of Bangkok’s...

What’s Ahead for the Bangkok Property Market in 2020

A supply influx of new office space is on the way while the overall retail industry faces low consumer confidence. But, in 2019, the number of Chinese tourists to Thailand has started recovering, says CBRE, an international property consultant. Bangkok Office Market The office market in Bangkok continues to perform strongly for this, but CBRE identifies challenges that are heading our way in the...

Land and Property Tax Forces Site Owners to Consider Options

The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. One of the sectors that will be impacted is vacant land. There are still many unused sites in Bangkok. Owners of these sites will have to start paying significant taxes for the first time once the new land tax comes into effect in January next year. Many of these owners...

What’s It Like Renting a Property in Thailand?

Since formal legislation for rental agreements is not clear-cut in Thailand, existing statutes tend to favor landlords more than tenants. While the contract serves as the binding documents, only the landlord has the privilege to define the terms of rental deposits or call the police to evict tenants. (adsbygoogle = window.adsbygoogle || ).push({}); Terms & Conditions of...

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed on the general economic slowdown and the Land and Buildings Tax that takes effect early...

MS Siam Tower opens on Rama III

MS Siam Tower, The first premium office building opens on Rama III in Bangkok

The first premium office building at the corner of Rama III & Industrial Ring roads with an investment value of 2.6 billion baht. Thunsrisiam has announced the official opening of “MS Siam Tower”. The Board of Thunsrisiama and guests held the Grand Opening last Friday in the front of the office building before embarking on a walking tour on the 38th floor to enjoy the 360 degree views....

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 performance. Typically, when expats move with their family members to work in Thailand, the companies will cover...

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. (adsbygoogle = window.adsbygoogle || ).push({}); Chatchai attributed...

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 resort and home developer,...

Bangkok condo launches rise

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. (adsbygoogle...

Compare listings

Compare