Prices expected to see steep increase Growing demand for homes in Hua Hin is presenting a challenge for property developers as both local and foreign buyers seek condominiums in the area, property agencies said. Risinee Sarikaputra, Knight Frank Chartered (Thailand)’s associate director of research and consultancy, said beachfront condominiums would…Continue reading
The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored. It is…Continue reading
The economic crisis has shaken the West’s confidence and the fact that the economies of China and India are growing by 10% and 9% respectively, compared with 3% for America and 2% for Europe, goes somewhere to demonstrate that shift happens. At the end of last year, The Economist published…Continue reading
Property developers are launching promotional campaigns to lure buyers before stimulus tax breaks expire in March. Promotional giveaways include one million air miles for Thai Airways International, gold bars and package holidays. Tax breaks for buyers and developers consist of lowered transfer and mortgage fees to 0.01% from 2% and…Continue reading
The local property market continues to rebound thanks to stable interest rates, improved economic sentiment and stronger consumer confidence, say property developers. Thongma Vijitpongpun, chief executive of Preuksa Real Estate Plc, the country’s second-largest developer, said the number of units sold in the third quarter increased by 20% over the…Continue reading
The Thai Condominium Association has joined hands with property agency Century 21 Real Affiliates (Thailand) to stage the first Thailand Condo Expo in Singapore from October 23-25. Continue reading
While economic difficulties are affecting many aspects of the property industry, Bangkok’s rental-house business is growing rapidly, because among other things, it generates high returns on investment. Continue reading
As confidence grows of a significant property market recovery in the second half of this year, Thailand’s major developers are walking a financial tightrope between prudence imposed by the downturn and grasping the opportunities of recovery. Continue reading
New investment in Thailand this year will come mainly from local investors as foreigners might focus on their current holdings and on their home countries, according to the international real estate firm Jones Lang LaSalle (JLL). Continue reading
Property developers are turning increasingly to direct approaches to stimulate real demand in the economic downturn, with more selective and effective marketing channels beyond mainstream and traditional ones. Continue reading