News
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The Bank of Thailand (BOT) has announced that it will not extend the easing of the minimum down payment measure on housing loans or the LTV measure from January 1, 2023. This is another negative factor for the real estate market, along with rising interest rates and rising construction prices. The reason why BOT considers the termination of LTV...
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The main trends in the real estate market in 2023 have been identified. Consumers will focus more on cost and safety, as well as aspects formed after COVID-19: Space. People want a big house. So that each resident has a personal space and a place to work. Health and well-being. As for health and environmental issues, such as clean air without...
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It is expected that in 2023, the real estate market will be influenced by many factors, such as an increase in the minimum wage by 5-8%, effective from October 1, an increase in the cost of building materials, which increased by 5-6% and higher, an increase in interest rates, an increase in land prices after the revaluation of land on January 1,...
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The economic recovery caused by the return of tourists in the second half of this year led to the fact that pre-sales in the third quarter and the revenue of large developers reached a record high. Sansiri has exceeded its pre-sale target for 2022 and reached 47 billion baht, the pre-sale target was 35 billion baht, and in the first nine months...
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The developer Raimon Land, listed on the SET list, plans to focus on the construction of elite and super-luxury real estate and the business of the new economy. The company is now focused on opening One City Centre, a new Class A office building in the Plonchit district of Bangkok, in the first half of 2023. The company has shifted the focus in...
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For 5 years, Chinese citizens have become owners of the largest number of real estate units among foreigners in Thailand worth more than one hundred billion baht. There are a large number of real estate units that were bought by Chinese citizens through front persons. Most of these objects cost at least 50 million baht, and are a house with a plot...
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Plans to allow foreigners to own land in Thailand were canceled by the government after it received a negative response from many powerful groups. The Cabinet of Ministers recently approved a project allowing foreigners to own up to one paradise of land for personal residence, but the project was canceled. The Thai Real Estate Association together...
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The relationship of the condominium real estate market with foreign consumers is determined by two factors: the arrival of foreign tourists (rental housing) and money from foreign direct investment (FDI) (purchase of housing). TOP-5 countries from where tourists come to Thailand now: Malaysia, India, Laos, Singapore and Vietnam. Which is very...
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The Real Estate Information Center (RAY C) reveals housing market trends in 2023. The market will be affected by the cancellation of preferential DEM measures from January 1, 2023 (when the initial mortgage payment was canceled). The real estate market index (residential category) in 2023 is likely to decrease to 89.5 points, which is 1.1% lower...
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According to the estimates of TTB Center for Economic Analysis, the residential real estate market in Bangkok in 2022 was determined by the low-rise development market. There is a change in the behavior of a group of buyers at an age when people create families and buy separate housing. The number of individual homes purchased this year increased...
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