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  • Tourists stimulate the real estate market in Chiang Mai

    After a relatively calm first four months of 2022 without new outbreaks of the epidemic, the demand for rental housing in Chiang Mai has increased significantly since May, when both domestic and foreign tourist flows intensified. The demand for apartment rentals has started to grow since the third quarter of this year. There has been a...

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  • New railway tracks. Which cities will be connected?

    The State Railway of Thailand has confirmed that rail transport will be developed throughout Thailand from north, northeast and east to south. The route will start from Bangkok and reach Chiang Mai. Then there is the Northeastern Line stretching from Bangkok to Nong Khai. The Eastern line, on the other hand, will connect Suvarnabhumi, Don Muang and...

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  • Will there be a revision of the increase in electricity tariffs?

    The Thai Chamber of Commerce and the Board of Trade have called on the government to reconsider the increase in electricity tariffs. This will affect businesses, hotels and other facilities with a higher level of electricity consumption. The request for consideration of the calculation of the electricity tariff for the commercial sector was...

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  • Analysis of trends in the real estate market in the Asia-Pacific region in 2023

    A number of negative factors contribute to the slowdown in the growth of the global economy, this has also had an impact on economic growth in the Asia-Pacific region in the real estate sector. It is estimated that total real estate investment in the region for the whole of 2022 decreased by about 25% compared to 2021, and a further decrease of 5...

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  • Changes in consumer behavior. What to expect in 2023?

    Developer Lumpini Wisdom reveals the trend in the development of products and services in 2023 after the COVID era and rising energy prices in 2022, which led to changes in consumer behavior. There are three main questions for housing construction and after-sales service strategies: Energy. Developers tend to pay more attention to saving...

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  • In the zone of the Eastern Economic Corridor, 473,000 properties remained unsold

    The Real Estate Information Center reported that out of the total number of apartments for sale in the Eastern Economic Corridor project area, it was found that most residential condominiums for sale are located in Chonburi Province, while low-rise projects are mainly launched in Rayong and Chachengsao. The total number of housing on the market in...

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  • Adjustment of new land prices, an increase of 8.93%

    The Ministry of Finance is preparing to publish an announcement on new estimated values of land plots and buildings. The new prices will be used during 2023-2026, starting from January 1, 2023. The revaluation was carried out for the first time in 3 years since it was not carried out in 2020 due to the COVID-19 crisis. In this regard, the cost of...

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  • Overview of real estate market in Bangkok and the suburbs

    Recently, Salon Pornchokchai, President of the Thai Information Center for Real Estate Research and Evaluation and the Real Estate Agency, conducted a review of new housing projects opened in the border area of Bangkok in November 2022. A total of 45 projects were launched, 44 of which were residential projects and 1 other type of real estate...

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  • The most eco-friendly real estate projects in Thailand

    On December 17, 2022, Mr. Vivat Laohapunrangsi, Senior Chairman of the Board of Directors of Areeya Property, stated that Areeya Property is developing in different directions in the real estate sector. The company sought to improve the quality of life, combined with social responsibility and environmental friendliness. Adhering to the United...

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  • What is the expected inflation rate in Thailand in 2023? Economic forecast

    The Bank of Thailand says that the Thai economy will face big problems in 2023 if the issue of raising the interest rate is not resolved. Inflation tends to gradually decrease, in November, it was at the level of 5.5%. Inflation is expected to reach the target range of 1-3% in the second half of 2023, while the economic recovery may continue...

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