News
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The developer Frasers Property Thailand has announced its plans to invest about ฿14 billion in hotel, residential and industrial projects during the year. Most of the investments will come to the residential sector, as the developer moves to the construction of private houses. Most of the investment budget, amounting to ฿10 billion, was directed...
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Ivy Jomtien is the first duplex condominium in Pattaya and one of the most unique projects launched in this region over the past few years. It contains only duplex apartments. Realizing that the market is already full of conventional residences, the developer wanted to do something completely different but within the same price range as the other...
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The Ministry of Finance reported that new land appraisals for 2023 – 2026 would come into effect as of January 1, 2023. Amendments may still be introduced till the end of the year to account for the current circumstances and comply with the law. The new land appraisal was postponed several times to make things easier for people and companies...
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Household debt was growing by 3.5 – 3.7% in the second quarter of 2022, which is close to the 3.6% rate in the first quarter of the current year, since the economy in general hasn’t fully recovered yet. Households are still unstable because of the higher cost of living, and many families’ incomes haven’t yet returned to normal. The Households Debt...
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A review of the housing market in Chonburi Province in the first quarter of 2022 showed that a total of 131,338 units were listed there, including 68,615 apartments in condominiums. Pattaya, frequented by both Thai and foreign tourists, was the most popular location among buyers of buy-to-live and buy-to-rent condominiums (it accounted for 52%...
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In the first half of 2022 (January through June 2022), Lumpini Wisdom, a Bangkok developer, completed the construction of 163 new real estate projects with a total of 51,946 units and a combined value of 188 billion baht. This is 45% more than in the first half of 2021. The most sought-after low-rise residential projects were townhouses valued at...
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Department of Public Works and Town & Country Planning of the Ministry of Interior joined forces with the Digital Government Development Agency to increase the number of public services available online, which makes them more accessible to citizens. Receiving public services remotely saves a great deal of time. You can now apply for the...
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Prices of vacant lands in Greater Bangkok (comprised of Bangkok and the neighboring provinces) are growing at slower rates due to a sluggish economy and the fact that the land and construction tax has been levied in full as of this year. The Real Estate Information Center (REIC) announced that the index of prices of vacant lands in Greater Bangkok...
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In comparison to other parts of Thailand, Hua Hin's housing demand is still not experiencing sharp increases. Additionally, local purchasers' interest is a little bit stronger compared to foreign buyers. And now individuals are looking for more expensive properties after the COVID-19 outbreak caused a spike in demand for homes, villas, and...
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In Thailand, a number of real estate market-boosting measures may be extended until the end of 2022. The loosening of loan-to-value (LTV) limits was the most significant. It allowed homebuyers to take out up to a 100% mortgage of the total property price for first or second mortgages without down payments. The Minister of Finance said the...
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