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During the pandemic, the condominium market slowed down significantly. Developers slowed growth rates down, and buyers were less likely to carry out real estate transactions. Following the improvement of the epidemiological situation and active government support, the market will start its revival in 2022. Nine real estate developers have already...
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Thailand is finally opening its borders, and business activity is picking up. A new round of economic development is blooming after the recent slowdown caused by the coronavirus pandemic of the past two years. The Thai economy is expected to grow by 3.7% in 2022 with the help of domestic demand, which began to grow after the easing of restrictive...
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Piti Tantakasem, the Director and CEO of TTB Bank (the TMBThanachart Bank Public Company Limited), delivered a speech on the theme “How will trends and conditions in the economy, in the financial market, in the capital market affect the real estate market in 2022?”. The current real estate market continues to face difficulties that reduce the...
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On February 25, 2022, Mr. Wuttipong Jittangsakul, the Fiscal Policy Advisor of the Fiscal Policy Office (FPO) disclosed the financial situation for January 2022, according to which the Thai economy was supported by private investments and improvement in the tourism sector. More than 133,000 foreigners have arrived in Thailand, most of them are...
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Nowadays the prices of construction materials rise due to inflation. This will lead to higher prices for condominiums in 2022. The highest price is still in the central area - the average price is 2,400 THB / m2. Condominium prices are under pressure from all directions, from the inability to adjust the price because buyers still depend on the...
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Apha Atboonwong, the President of the Thai Condominium Association, said that the recovery of the Thai economy went slower than expected because of the difficult-to-control factors: the Covid-19 outbreaks, the Russian-Ukrainian conflict and domestic problems such as increasing household debt. As the Thai government continues to stimulate the...
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LAND AND HOUSES is a large company engaged in real estate in Thailand. It was founded in 1983. The company announced the purchase of a large amount of land plots in the metropolitan area, namely in Bangkok, Nonthaburi, Pathum Thani, Samut Prakan and Samut Sakhon, ranging from 16,000 to 408,000 m2. Business-class residential buildings will be...
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In 2022, the real estate market in Thailand will begin to revive. The proof of this is the planned projects of the country's largest developers. DeveloperNumber of projects in 2021Total cost of projects in 2021 (million baht)Number of projects in 2022Total cost of projects in 2022 (million baht)Total cost growth AP Thailand 19 22...
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In 2019, Thailand’s GDP ranked 2nd among the ASEAN (Association of Southeast Asian Nations) countries. High indicators were achieved due to developed infrastructure, active trade, and a powerful tourism sector. For many years, Bangkok has been the most visited city in the world. Tourists are attracted by beach holidays in Thailand’s coastal areas...
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The Real Estate Information Center (REIC) reports that the real estate sector will continue to face both positive and negative factors in 2022. Positive factors in 2022 include: Government measures to stimulate the real estate market (the reduction of commission for acquiring rights of ownership to 0.01%, including secondary housing units)...
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