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In Bangkok, one of the largest projects in Thailand is under construction in Lumphini district. During a press conference on the occasion of the collapse of scaffolding, new details were revealed. One Bangkok is located on the last and largest piece of royal property. The plot has an area of more than 16 hectares, the cost of developing the...
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The land buying and selling is booming. Mr. Weerapath Metawatananan, the Advisor to the Khao Yai Tourism Association, said that the purchase of land in the Pakchong district of Nakhon Ratchasima province began to rise from the end of 2021 to February 2022. Buyers come to look for land to build a second home or a luxury villa for permanent living....
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The province of Pathum Thani, that is the part of the urban agglomeration of Bangkok, faced terrible problems with traffic on the roads for a long time. Traffic jams in the province are no different from those in Bangkok. Traffic on some roads exceeds 140,000-160,000 vehicles per day. Today the province has two electric train lines: the red line...
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The market is forecast to recover by 15-20% in 2022 with the low-rise housing sector recovering the fastest. The Thai Center for Real Estate Research and Evaluation (AREA) reports that the market has declined at the end of 2021 due to the decrease in purchasing power. Foreign investors have not returned to the country yet. Real estate developers...
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Strong growth in the fourth quarter of 2021 was undermined by the sudden spread of a new variation of COVID-19 and lockdown. However, the slowdown can be attributed to seasonal reasons. In December 2021, the Kingdom’s economic situation improved compared to November, and the fourth quarter grew by the third quarter of the same year. Part of this...
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VAM, Thailand's leading asset management company, has announced the start of «Sweet Sale of Month of Love», which will last from February 14 to February 28, 2022. The developer offers a variety of real estate options: apartments, apartments in condominiums, houses, villas, townhouses, land plots. The promotion applies to real estate for VAM in all...
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The Kingdom’s population is close to 70 million, and by early 2022, 74.9% of the population had received at least one dose of the vaccine. Dr. Opas Karnkavinpong, Director-General of the Morbidity Control Department under the Ministry of Health, said that the country was ready to join the global trend to reduce internal and external restrictions...
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Bank of Thailand (BOT) plans to wait at least a year before releasing interest rates. Although inflation exceeded 1-3% in January 2022, it will return to normal within the next few months. Despite the fragile economic recovery of the Kingdom associated with Omicron, the country is moving slowly towards pre-pandemic indicators. Inflation trends...
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The State Housing Bank conducted an analysis of real estate and stated that the number of commissioned objects decreased by 37%. In particular, sales of new condominiums fell to 42.5%. In 2021, about 53,693 new properties appeared on the market in Bangkok and its surroundings, with about 171,283 units put up for sale. In 2022, the housing...
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Knight Frank real estate consulting agency shared analytics on the Southeast Asian countries. While Singapore and Vietnam are recovering, Thailand, Malaysia, and the Philippines are struggling with the effects of the pandemic and worsening crisis trends. The Kingdom of Thailand, the region's second-largest economy, will have to rely on domestic...
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