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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 been sluggish since late last year after the baht...

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 have seen many changes to this location since 2009, with more condominiums around...

Dreams of purchasing home in Thailand is a big challenge now after LTV limits

Dreams of purchasing home in Thailand is a big challenge now after LTV limits

Though actual effects are still being observed, research shows that finding a second home or investing in condo units in Thailand has become quite a challenge due to stricter mortgage lending policies. The loan-to-value (LTV) ratio measures lending risk that lenders and financial firms are likely to incur should they approve a mortgage application. On average, mortgage assessments with high LTV ratios...

Would You Like to Buy a Home in Thailand? You can choose from 450,000 empty ones

Would You Like to Buy a Home in Thailand? You can choose from 450,000 empty ones

A glut of condominiums as Thailand’s economy wavers and stricter mortgage-lending rules kick in is creating a buyer’s market in Bangkok. Some 65,000 new apartments were added to the city last year, an 11% increase over 2017 and the most since 2009. Demand, however, is tepid with developers reporting take-up rates of just 55% and average asking prices decreasing 6% year-on-year, a Knight Frank report...

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

State Railway of Thailand plans to build the Chao Phraya Gateway project

Real estate development along the Chao Phraya River is flourishing. More property development companies are eager to transform either side of the river. Much of this inspiration stems from the opening of ICONSIAM in 2018. The upper market mixed-use project had a lot of publicity and attracted a large crowd. A string of new projects will most likely follow in the footsteps of ICONSIAM – the most high...

Russian tourism is expanding the real estate sector in Phuket

Russians visit Thailand frequently and mostly stay in Pattaya and Phuket. Indeed, Russian buyers ' demand for real estate in Phuket continues to grow over the years. (adsbygoogle = window.adsbygoogle || ).push({}); In a recently released report from the Phuket Russian Tourism Market report, over 51 per cent of Russian tourists enter Thailand just to visit Phuket. Russia’s contribution...

Bangkok City Plan to be Revised Before its Implementation in 2020

The up and coming Bangkok city plan which will be set into motion in 2020 will change the atmosphere of Bangkok yet again Real estate developers are becoming more aware of the possible changes. In fact, some have held their land purchasing and new development plans in check until there are clear details. (adsbygoogle = window.adsbygoogle || ).push({}); The City Planning Department...

Asean launches $1-billion initiative for green projects

Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched a new $1 billion (Bt32 billion) initiative to spur green infrastructure investments across Southeast Asia. (adsbygoogle = window.adsbygoogle || ).push({}); The launch ceremony was witnessed by Thailand’s Minister of Finance Apisak Tantivorawong and ADB President Takehiko...

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