CBRE

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...

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...

Unstructured Thailand Real Estate Market!

The property market of Thailand has a life of its own. Critics say there is a sense of isolation in the Thailand real estate market. There are also rules – or the lack thereof – that deviate from what you normally see in foreign real estate markets (i.e. absence of appraisal policies, transactions going haywire). Unstructured Thai Property Market Former CBRE property consultant Natthapon...

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...

The Growth of Chinese Demand in the Thai Real Estate Market

China is playing a growing role in Thailand’s property market

China is playing a growing role in Thailand’s economy and property market, according to CBRE, a leading international property consultant. A total of 10.5 million Chinese tourists visited Thailand last year, accounting for 30% of total arrivals. This number has grown by 1,175% over the last ten years. (adsbygoogle = window.adsbygoogle || ).push({}); Chinese nationals now comprise...

Bangkok Resale Market in 2019, Are people buying resale Bangkok condos?

CBRE Thailand has seen an increase in demand for the existing second-hand market from Q4 2018. Are people buying resale Bangkok condos? There is perhaps no bigger question for property investors holding assets in the Thai capital. New research from CBRE Thailand found that many buyers are now looking towards resale units instead of new condos due to skyrocketing prices in the city centre....

Opportunities for apartment developers

Although expatriate numbers are only growing slowly in Bangkok, there is still opportunity in the downtown residential rental market for apartment developers. The main demand for rental residences in downtown Bangkok comes from expatriate tenants. There were just over 85,000 expatriates with work permits in Bangkok at the end of 2017 with only 1.2% annual growth, according to Alien Occupational...

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