News
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On December 14, 2021, Deputy Governor Sukchai Bunma reported that Bangkok was developing. Launching new projects and five areas will contribute to the integration of Bangkok, the revival of the city, and the connection of districts. For this purpose, the local Government will cooperate with the relevant agencies, consisting of the Public Works...
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Ananda Development Plc will launch five new apartment projects, most of which will be in Bangkok. According to CEO Chanond Ruangkritya, the company invests more than ฿12 billion to implement them. The construction is planned jointly with the Japanese developer Mitsui Fudosan. The company expects to earn up to 20% of investment returns. Chanond...
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Opening borders and relaxing mortgage requirements will have a positive effect. The Real Estate Information Center of Thailand (REIC) provides a forecast for the recovery of the Thai housing market to pre-pandemic levels by the end of 2023. In particular, experts called on the Thai authorities to make housing much more affordable for foreign...
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Deputy Managing Director for Commercial Operations of Visa Group Co., Ltd. said that after the government opened up the country, lifted restrictions and lowered interest rates on lending, the market started to recover. In particular, a set of these measures helped stimulate the Thai economy. According to preliminary forecasts of the Real Estate...
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The "Sandbox" or "Phuket Sandbox" program, launched for tourists on July 1 and extended on November 1, 2021, revived the real estate market, which had been dependent on the domestic tourism sector for almost two years. According to the Tourism Authority of Thailand (TAT), 59,689 international tourists visited the state under the sandbox...
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According to the head of Knight Frank’s Phuket department, Natta Kahanan, over the past decade, developers have been actively working in the residential real estate sector. This is due to higher profitability than the commercial fund and lower investment. The long-term outlook is likely to be revised with the S-curve model, as some developers have...
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Proud Real Estate plans to diversify its activities and focus on low-rise construction. In 2022, three projects for ฿5.8 billion are planned to be launched in Bangkok as a result of the growing demand. According to the company's executive director Pumipat Sinacharoen, this situation was caused by a reduction in the supply of new housing since 2020...
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Natta Kahapana, Deputy Managing Director and Chief of Operations Knight Frank on Phuket, Knight Frank Thailand Co. Ltd., said that in the third quarter of 2021, given the intense uncontrolled spread of Covid-19, which led to another lockdown, introduced by the government, only real estate development companies registered on the stock exchange were...
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Real estate developer Property Perfect Plc (PF) plans to launch 14 residential projects with a total cost of over $416 million in 2022 with over $445 million in revenue by the end of the year. Managing Director Wongsakorn Prasitvipat noted that the housing market had been revived with the lowering of credit limits, and buyer confidence has...
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With the revival of real estate demand in Thailand, the temporary easing of credit restrictions may stimulate the mortgage market. Alonkot Boonmasuk, Secretary-General of the Housing Finance Association, says that easing the credit limit (LTV) will help increase the mortgage market by another 0.3-0.7% in 2022. "The increase in the LTV ratio is a...
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