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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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The COVID-19 pandemic caused grave harm to Thailand’s economy. The absence of tourists affected the country’s prosperity, particularly in resort regions where tourism is the key source of income for the local population. Content: The situation in the country Foreign demand for Thailand’s real estate Demand for apartments in resort areas from...
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Small private hotels are still in a crisis situation. After the removal of COVID-19 restrictions, the number of tourists in the country has increased, but still has not returned to pre-pandemic levels. The tourism business of Thailand feels the absence of Chinese and Russian tourists. During the pandemic, hotels reduced prices for their services,...
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According to the Real Estate Information Center (REIC), the rise in steel prices continues to influence the growth of the housing construction price index in the second quarter of this year, which increased by 5.6% year-on-year, which is the highest level in 40 quarters. The housing construction price index in the second quarter of this year was...
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A new approach to the development of residential projects that meets the needs of the future. The category of needs of the future primarily includes a charging station for electric vehicles. The consequences of the energy crisis combined with the government's policy, which wants Thailand to become the center of electric vehicle production in...
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We are now seeing signs of recovery in the condominium market, which has continued to expand since the end of 2021. At the end of the first quarter, 16,000 new apartments were opened, sales are clearly better than in the last two years. It reflects the return of real demand and demand from investors in particular and the market of condominiums...
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There is an overabundance of real estate in the real estate market in the special zone of the eastern corridor. There are more than 19,000 apartments left for sale. The Real Estate Information Center conducted a statistical check of projects for sale in 3 provinces in accordance with the Law on Eastern Special Development Zones, namely in...
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