Despite the stronger baht, foreign demand for luxury condominiums is picking up and will return to previous levels in the fourth quarter, says Aliwassa Pathnadabutr, the managing director of property consultant CB Richard Ellis (Thailand). She said the walk-in rate by foreigners at projects represented by her company had risen…Continue reading
Rental rates in Bangkok´s condominium market are expected to face continued pressure during 2010 as more new units come onto the market. Research from DTZ showed that during the final quarter of 2009, six projects with 1,408 units were launched within the Central Business District of the Thai capital. The…Continue reading
Bangkok’s central business district seems set to spread along Rama IV Road as land for development becomes scarce on Sukhumvit, Silom and Sathorn roads. A growing number of property projects will be launched around Rama IV Road. Continue reading
The average price being paid for a condominium unit in the Central Lumpini area is now Bt112,765 per square metre, ranking higher than other popular locations in central Bangkok, according to real-estate firm CB Richard Ellis Thailand. Continue reading
The new developer Tri Property Co aims to tap rising population density in Chaeng Watthana with the debut of the 250- million-baht project Proud of Chaengwatthana. Continue reading
Bangkok office rents and occupancy rates will contract by 10% in 2009 due to decreasing demand, new supply and major tenant relocations, says the property consultancy Colliers International Thailand. Continue reading
Despite the economic recession, Chotipol Techakraisri, managing director|of the high-end Saladaeng Residences, remains cautiously upbeat. After all, the very, very rich need to invest somewhere, he reasons Chotipol Techakraisri, managing director of the high-end Saladaeng Residences project in Bangkok’s central business district, has a challenging task on hand: selling expensive property during an economic recession. Continue reading
Thailand’s resort markets are under severe pressure right now, with foreign buyers who have been negatively affected by the exchange rates opting to walk away from the deposits, says Phil Alexander, president of Martello Realty. Continue reading
In 2008, the most interesting locations in Bangkok and the provinces were obviously the Central Business District (CBD) areas. Areas on or near BTS and MRT lines were particularly favoured by buyers, according to research by property agency Knight Frank LLP Continue reading
The global financial crisis is affecting the Thai property market as a Singaporean investor just withdrew an investment in a project on Sukhumvit Road, said Patima Jeerapaet, managing director of the property consultant Colliers International Thailand. Continue reading