News
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The Mortgage Association said that after the outbreak of COVID-19, the total amount of property that was foreclosed on (non-performing asset NPA) increased. The latest data for April 30, 2022: an increase of 46% compared to the same period in 2019, which was the period before COVID-19. Confiscated houses are cheaper than a new house by at least...
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The Tobacco Administration of Thailand, hoping to generate more income, launched an auction for the lease of land for 30 years. Pilot 3 sites in the business district along the Chao Phraya River, in the center of Bangkok and in the Special Economic Zone in Chiang Rai Province. An auction for the following 3 plots will be held soon: Plot 1,...
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The country's economy during the first 5 months (January-May 2022) of this year continued to stagnate under the influence of the situation with COVID-19, and in particular due to the rise in energy prices. However, despite all the negative economic factors, real estate investments have low risks in terms of inflation, so real estate investments...
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The State Savings Bank, Bangchak Corporation Public Company Limited and Dhipaya Group Holdings Public Company Limited signed a memorandum on lending land and resale business, created a new organization for the control of lending. The goal is to help entrepreneurs of small and medium-sized businesses and the general public to get access to a source...
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The Real Estate Information Center provided data on secondary housing for sale. In the first quarter of 2022, on average, 137,957 properties worth 937,992,000,000 baht were put up for sale per month, which is 5.3% less than in the previous quarter. In the fourth quarter of 2021, the average number of properties sold per month was...
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At the beginning of 2022, new condominium projects were launched in Bangkok, we recall that before that, for 2 years, the market was practically frozen. This trend is expected to continue as Thailand fully opens up to tourists and companies return from remote work to offices. In the first quarter, the market was stimulated by two main factors: a...
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The latest data show that inflation was 7.10%, which is the highest in the last 13 years. The main reason was the increase in prices of the energy sector: compared to the same month last year, the increase was 37.24%, and prices for food and non-alcoholic beverages increased by 6.18% compared to the same month last year. In April, the average...
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According to experts, at the end of 2021, the offer of condominiums in Phuket amounted to 26,068 properties. During the past year, it was discovered that new condominiums were not put up for sale for the whole of 2021, as developers were in no hurry to resume construction in difficult economic conditions. When tourism had not yet opened in the...
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The Bank of Thailand points out that consumer purchasing power is still weak. There is a tendency to a constant increase in expenses after the rise in the cost of living. The prices of goods, the cost of delivery – everything continues to grow. In addition, the government's measures to stimulate consumption have not paid off. The indicator of...
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On May 22, 2022, governor elections were held in Bangkok, the post was taken by Chatchat Sittiphun, former Minister of Transport. The new 17th governor of the city introduced the policy: «gardens 15 minutes from home all over Bangkok», which aims to create a park next to the house, which can be reached in 15 minutes. The city administration has...
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