News
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Several leading Thai developers have called on mortgage lenders to lower interest rates on energy-efficient homes. Sansiri and Sena Development believe that this step will encourage buyers to purchase more environmentally friendly housing, which for the most part still remains more expensive than conventional housing. Climate change is one of the...
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One Bangkok is a Charoen Charoen Group real estate project worth $1.2 billion. On December 10, 2022, at an investor meeting, Chief Executive Officer of One Bangkok Project announced that the project is in the process of leasing office space (1 office building). The factor that led to serious changes in the office building market is the transition...
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The Ministry of the Interior has issued a statement extending the implementation period of the tax collection in accordance with the Law on Taxes on Land and Buildings from 2019 to 2023 for another 2 months after floods occurred in many provinces earlier. As a result, there will be changes in the estimated prices of land and buildings in 2023....
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Recently, a seminar was held on the topic «Opportunities and problems of the housing market: positive and negative factors for the housing market in 2023», organized by the Housing Business Association. The reason why the Bank of Thailand canceled the easing of the LTV measure was discussed. Since the beginning of the pandemic, a mortgage loan...
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A smart security system, after-sales service and a good neighborhood are the three main requirements that consumers consider when buying a residential unit, according to real estate research and consulting. An intelligent security system was the most important factor for consumers belonging to generations X, Y and Z when buying a home, while the...
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The number of Thai elite visa holders has doubled since the beginning of the pandemic. In 2022, 5,582 visas of this type were issued, which exceeded expectations (it was planned to issue about 4,407 visas). The most visas were received by Chinese citizens – 3,131 visas (35% of the total). At the beginning of 2021, an amendment was made to the...
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The Real Estate Information Center (REIC) reported that foreigners purchased apartments in condominiums in the second quarter of 2022 for a total of more than $12 billion — the Chinese took first place in the number of apartments purchased. On November 1, 2022, Vichai Viratkapan, inspector of the State Housing Bank and acting director of the Real...
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Based on the results of the first 9 months of 2022, we can say that the real estate sector can recover from the COVID situation faster than expected. Despite the fact that risk factors are still active, such as rising interest rates, the conflict between Russia and Ukraine, the rise in price of construction materials, the increase in the minimum...
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It is believed that the office rental market in the central business district is likely to expand even more in 2023. This is mainly due to the increase in Class A rental space, as well as the trend of working on a hybrid schedule (people return to offices from remote work). It is expected that the number of Class A offices will increase. As for...
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According to statistics from the Tourism Authority of Thailand, it was found that the number of tourists who arrived during this year increased 3 times compared to the same period last year. In total, 135 million tourists came to the country in 2022, although this is still less than it was before the COVID-19 outbreak. The arrival of tourists has...
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