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Earlier, the government had proposed conditions under which foreigners were able to buy land into ownership in Thailand. The news was met with considerable enthusiasm in the expat community, but not everyone was excited about this idea. Many people saw the Ministry of Interior's proposal to permit foreigners to hold property plots in exchange for...
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Low-rise private housing, such as houses and townhouses, has been in high demand in the Bangkok real estate market over the previous two years. Condominiums are currently, however, beginning to acquire popularity. The country's capital has seen the launch of several new condominium developments. As more individuals return to their offices and...
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In the first half of 2022, the AP real estate development company showed good results. Sales have grown by 43% compared to the same period last year. It fueled the company, and they announced the launch of 40 new projects before the end of the year. The AP reported a noticeable jump in sales of detached homes and townhouses. In the first half of...
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As of the first half of 2022, the Thai real estate market is still recovering from the consequences of the pandemic that caused the suspension of construction and reduced the demand for homes from both the local population and foreign buyers. The market is now reviving, as new trends in customer preferences are emerging. Thai buyers...
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At the end of 2021, nearly 6,500 condominium apartments have not been sold yet in Cha-am. This rate was 1,016 in neighbouring Hua Hin. Real estate demand in Cha-am remains low, as buyers prefer Hua Hin, which is more popular. Developers try to present Cha-am as an extension of Hua Hin, but with no results. At the same time, in Hua Hin, demand...
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Developer Altitude Development Co and Japanese real estate company Creed Group have announced a successful fundraising for a joint project of the Altitude Unicorn Sathorn-Tha Phra condominium. The private equity fund to raise capital for the project is currently closed, and 60% of the apartments sold are expected to be transferred to buyers by the...
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More and more developers are turning to new technologies and «projects of the future» to improve their projects and attract new buyers, meeting all needs. Developer Magnolia Quality Development Corporation (MQDC) intends to focus on innovation and research and development for future projects, which will be mainly thematic and multi-purpose...
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The Bank of Thailand reported that the Thai economy is now clearly on the way to recovery, including private consumption and the tourism sector. After the government relaxes the remaining measures, the recovery is expected to continue. GDP is expected to increase by 3.3% and 4.2% in 2022 and 2023, respectively. The labor market gradually improved....
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According to the statistics of offers of new apartments on the market in the Bangkok area for the first 6 months of this year, we can say that the market has started to recover again, both from the developers (supply) and from the buyer (demand), it was found that 32 new condo projects, 24,756 apartments with a total investment value were put up...
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Most of the projects that were launched at the beginning of this quarter are already going at new increased prices, adjusted due to increased construction costs. While purchasing power in the real demand group has declined from the sluggish economy from the Covid-19 epidemic, interest rates and inflation. Besides, the purchasing power has decreased...
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