Condo

Should real estate agents tell buyers about your building’s funds or improvements?

Q: Most real estate agents representing condo buyers don’t educate their buyers about condo reserve funding: the pros and cons of fully funding, partially funding or nonfunding of reserves. My beachfront condo in Hua Hin was listed for 15 months with enough showings but no offers. After a while, I contacted some of the buyers’ real estate agents and inquired about . Most of them said the buyers...

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...

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...

Helpful Tips to Buy a Condo in Bangkok

Helpful Tips to Buy a Condo in Bangkok

Buying a condo in Bangkok is a lot more convenient than buying a detached home especially if you’re a foreigner. Before purchasing, however, do your research, compare properties and weigh in on the pros of cons. In a number of property markets, buying a condo can be cheaper and Bangkok is no exception. Condos are attractive due to the perks and additional services they offer including, but not limited...

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...

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....

Thai Property Developer Focus On Developing Lower Price Condos

Property developer Asset Wise Co will focus on developing condos priced lower than 2 million baht a unit as the new loan-to-value (LTV) limits weaken the purchasing power of some buyers. Chief executive Kromchet Vipanpong said some condo buyers will be required by the new lending curbs to make a higher down payment, making them consider cheaper units even though they could afford more. "Buyers have the...

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