developers

2019 is the year for condominium end-user buyers

This year is the year for condominium end-user buyers, with many developers saying they will concentrate on clearing completed but unsold condominium inventory in response to weaker demand, partly due to the Bank of Thailand's stricter mortgage requirement policy for second- and third-home buyers. The residential market this year will be driven more by end-user demand, with fewer investors or...

Where can you find 2 million baht house in Bangkok

If you are looking for a property bargain in Bangkok, there are 44,720 housing units (mostly townhouses and semi-detached) selling for less than 2 million baht each. But that represents only 5% of all units in the market, compared with as much as 40% a decade ago. This reflects the high cost of developing housing in the capital, especially for land. (adsbygoogle = window.adsbygoogle ||...

Thailand economic growth drives earnings at top developers

AN EXPANDING economy helped to boost profits for most of the country’s biggest property companies, with the top 10 listed developers posting an 8.97 per cent rise in combined 2018 net earnings from the prior year to Bt39.21 billion. With growth in gross domestic product topping 4 per cent in 2018, the improved mood in the market also saw sales at most of the companies climb, reaching a combined...

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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