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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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Analysts at TMBThanachart bank declare a clear course for recovery in the real estate sector in 2022. This is due to government LTV measures and increased demand for real estate purchases in anticipation that new housing prices will rise in line with higher construction costs due to the Russian-Ukrainian crisis. This year, the stock market has...
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COVID-19 has been affecting life in Thailand for 2 years (2020-2021). During this time, individual low-rise buildings have become the best-selling real estate object. Demand for luxury properties has been growing for 3 years in a row. The real estate market focuses on the share of sales of luxury properties – 39% of sales in 2021, which is 69%...
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It is a mistake to think that land prices will decrease during the economic crisis. In the era of COVID-19, the real estate business has to face negative factors from many sides. However, 2022 has already brought a lot of difficulties: 100% property tax was returned, the spread of a new strain of coronavirus. A new complication is the...
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The Thai Center for Real Estate Research and Evaluation says that land prices continue to rise amid a shrinking housing market. Land prices in 2021 increased by 4.7% compared to 2020, but still, this is less than the 6.5% figure in 2019-2020. However, experts believe that in 2022 the price of land will rise even more. The actual launch of new...
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On March 11, 2022, Mass Rapid Transit Authority of Thailand signed a contract for the construction of the southern section of the purple tunnel of MRT Tao Poon - Rat Burana. In total, 6 contracts were signed with construction companies, including a Chinese-Thai engineering and construction company and an Italian-Thai development company. The road...
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Real estate experts say that sales of luxury housing in 2021 have not fallen, despite the epidemic situation with COVID-19 due to changing customer needs. Despite the fact that the real estate market has suffered from the ongoing economic downturn and pandemic, mansions and luxury condominiums continue to be popular in the market. Among luxury...
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Real estate experts in Thailand believe that the direct impact of the Russian-Ukrainian conflict on the real estate market in Thailand will be insignificant. But there will be an indirect impact. There will be an increase in oil prices, which will affect the Thai economy as a whole. This will have an impact on purchasing power when buying real...
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Ashton Asoke Sukhumvit 21 is a luxury condominium, which was built by Ananda Development together with the Japanese company Mitsui Fudosan. The building has a very favorable location near the underground and surface metro, next to a large shopping mall. The construction began in 2014, the apartments were sold at an initial price of 100,000 baht/ m2...
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Vichai Viratokaphan, Inspector and Acting Director of Real Estate Information Center of State Real Estate Bank (REIC) said that the secondary housing market in the 4th quarter of 2021, expanded compared to the previous quarter. This was influenced by government support measures: a reduction in the commission for the transfer of real estate to...
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