News
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There was an improvement in the Thai condominium market in 2021, despite the fact that the overall mood remained low due to the lack of foreign buyers. This is stated in the study on the impact of the pandemic on the country's economy, customer trust and purchasing power. The decrease in the number of international investors has slowed down the...
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On March 24, 2022, a seminar on «Digital assets changing the rules of the game» was held during which Setta Tavisin, president and CEO of Sansiri Company, proposed the creation of «Digital Economic Zones» in the country. Seta Tavisin said that attracting new classes of digital assets will have a positive impact on the lives of Thais. Digital...
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The Thai developer Lumpini Wisdom has announced that it plans to use solar panels more in its projects. Solar battery systems are used for both low-rise housing and condominiums, the most common system is solar roofs (Solar Rooftop). On-Grid and Off-Grid systems are used. In the first type, the property is connected to the city's electric networks...
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The Securities and Exchange Commission of Thailand stated that from April 1, 2022, it will be impossible to use cryptocurrency for payments in the country. Including for the purchase of real estate. The Commission stressed that the ban is imposed only on the use of digital currency for payments, but trading in cryptocurrency and digital assets...
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In the past, Thai developers have already adjusted their investment strategies to cover all types of projects: condominiums, townhouses, duplexes, hotels and retail spaces. However, during COVID-19, real estate has become not the most reliable business, and developers are now diversifying their investments outside of their business sector again....
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Thailand is an «aging» nation. Although cities continue to grow, the population increases slightly. Due to this, empty houses appear. To date, there are about 1.3 million empty houses in the country, with a total value of 2.6 trillion baht. The concept of an empty house means a completed, habitable house in which no one lives. The Government...
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On March 11, 2022, 6 major agreements were signed with the main contractors for the construction of Southern Purple Branch of Tao Poon – Ratburana electric trains. The construction is planned to be completed by 2027. The cost of the work will be 82 billion baht. The new segment of the line will include 17 underground and ground stations, with a...
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Korakot Attasakulcai, head of the private banking services group at Kasikorn Bank, said that the government's announcement of the abolition of the land tax cut in 2022 after a 90% reduction in the last two years, made landowners worried, especially those who are still waiting for the completion of development. This is due to the fact that...
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This year, the real estate market in the northern region of Thailand has overcome the lowest point and is beginning to revive. The northern region of the country includes such provinces as Chiang Rai, Chiang Mai, Nan, Phayau, Phre, Mehendson, Lampang, Lamphun, Utradit. The construction of 4,792 new projects with a total cost of more than 14,490...
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GH Bank Information Center reported on the results of the real estate market research in the second half of 2021 in the area of the Eastern Economic Corridor, namely in the provinces of Chachengsao, Chonburi and Rayong. It was found that 11,351 new properties were sold in the second half of 2021, an increase of 4% compared to the same period last...
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