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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 […]

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 […]

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 […]

Thai Property Developer Focus On Developing Lower Price Condos

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 […]