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On March 24, 2022, a seminar on «Digital assets changing the rules of the game» was held during which Setta Tavisin, president and CEO of Sansiri Company, proposed the creation of «Digital Economic Zones» in the country. Seta Tavisin said that attracting new classes of digital assets will have a positive impact on the lives of Thais. Digital...
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The Thai developer Lumpini Wisdom has announced that it plans to use solar panels more in its projects. Solar battery systems are used for both low-rise housing and condominiums, the most common system is solar roofs (Solar Rooftop). On-Grid and Off-Grid systems are used. In the first type, the property is connected to the city's electric networks...
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The Securities and Exchange Commission of Thailand stated that from April 1, 2022, it will be impossible to use cryptocurrency for payments in the country. Including for the purchase of real estate. The Commission stressed that the ban is imposed only on the use of digital currency for payments, but trading in cryptocurrency and digital assets...
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Despite the relaxation of quarantine measures in the fourth quarter of 2021, signs of an economic downturn remain. In addition, weak purchasing power hinders the recovery of the real estate market. Content: The real estate price index The growing supply index Key areas of Bangkok Key business findings for the 4th quarter of...
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In the past, Thai developers have already adjusted their investment strategies to cover all types of projects: condominiums, townhouses, duplexes, hotels and retail spaces. However, during COVID-19, real estate has become not the most reliable business, and developers are now diversifying their investments outside of their business sector again....
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The weakening influence of Covid-19 helped foreign buyers gradually return to international real estate markets. In particular, they did not ignore Thailand but not everything is as clear-cut regarding this. What was the real estate market like in Thailand in 2021? The article will explain how the pandemic affected and what trends have been in the...
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Thailand is an «aging» nation. Although cities continue to grow, the population increases slightly. Due to this, empty houses appear. To date, there are about 1.3 million empty houses in the country, with a total value of 2.6 trillion baht. The concept of an empty house means a completed, habitable house in which no one lives. The Government...
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On March 11, 2022, 6 major agreements were signed with the main contractors for the construction of Southern Purple Branch of Tao Poon – Ratburana electric trains. The construction is planned to be completed by 2027. The cost of the work will be 82 billion baht. The new segment of the line will include 17 underground and ground stations, with a...
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2020 was a test for the Thai real estate sector. As a result of the pandemic, there was a sharp decline and the market reached a minimum level of sales and reduced the construction of new housing. To understand the situation and find out what trends are popular in Thailand, we invite you to read this article. Content: Comparative analysis of...
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Korakot Attasakulcai, head of the private banking services group at Kasikorn Bank, said that the government's announcement of the abolition of the land tax cut in 2022 after a 90% reduction in the last two years, made landowners worried, especially those who are still waiting for the completion of development. This is due to the fact that...
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