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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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From February 1, 2022, Test&Go program (test and go) began to operate, which allows you to come to any region of Thailand without mandatory quarantine. What are the results of the first days of the program? Is the flow of tourists to Thailand high now? Test&Go program, introduced in February, allows fully vaccinated tourists (including...
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Bank of Thailand (BOT) introduces regulations and restrictions on large corporations and trading platforms. The Central Bank of Thailand will not only strengthen control over cryptocurrency as a means of payment but also limit the cases in which it can be used. The regulator’s main concern is to ensure that only a few licensed platforms can...
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In 2022, the real estate sector is predicted to rise, after it reached its lowest point over the past two years. The land along the new skytrain lines in Bangkok, whose opening is scheduled for this year, has become a tasty morsel for developers. In a situation when the country's economy has not yet recovered from the crisis associated with the...
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The country is "old", but by the beginning of the next decade, the situation will only get worse. By 2031, about 28% of the population will be 60 years or more. Thailand has experienced a significant decline in the birth rate for decades with an aging population. Last year, statistics for the country showed a cross for the first time when the...
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Materials for the construction sector, including fuel, steel, and cement, are becoming more expensive, and a shortage of foreign labor has led to higher wages. Developers cannot and do not want to keep real estate prices low. Although consumers are not ready for a price increase, it is inevitable. The cost of fuel has increased by 50%, the...
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The International Consulting Company has noted several key trends in the Kingdom’s real estate market, with buyers becoming more selective than ever and sellers being forced to adapt to rapidly changing conditions. In general, the economy indicates that the Central Bank of Thailand forecasts GDP growth of 3.4%. However, everything depends on the...
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