London Property Showcase

The London Property Showcase comes at an ideal time for Thailand-based investors

The London Property Showcase featuring One Global is scheduled for November 12 at Grande Centre Point Terminal 21 in Bangkok. Organized by Dot Property...

Five Mysterious Thai Superstitions

If you are an expat in Thailand, you may be aware that the Thai culture is full of superstitions. The strong Buddhist influence that...

Upscale condominium market performs well in Bangkok

Demand for upscale condominiums remains strong in Bangkok despite the country's slow economic growth. Buyers in this segment have been affected less by the...
rental property more attractive

Here’s how you can make your rental property more attractive

Finding someone to occupy your rental property can be difficult. There is a lot of competition out there which means it is important your...
The Bangkok condo boom has been derailed by the ongoing COVID-19 pandemic and its impact is expected to be felt once again in 2021. Colliers International Thailand estimates that only 20,000 units hit the market this year, the lowest total in 15 years, as developers curb new Bangkok condo launches. This total is slightly less than 2020 when 21,643 units were launched in the Thai capital, according to Colliers International Thailand. That is a far cry from the more than 66,000 units to come onto the market in 2017 or the nearly 45,00 launched the following year. While there had been some hope of new Bangkok condo launches recovering in 2021, Colliers International Thailand Associate Director of Research and Communications Phattarachai Taweewong told the Bangkok Post that the new lockdown order likely extinguished that hope with many developers expected to delay condo projects once again. "Some developers may consider delaying new condo launches again as they are uneasy about feedback from buyers amid with the contagion," Khun Phattarachai told the newspaper. "Low-rise houses will remain the rising star.” Related: Developers go low in Bangkok to avoid condo glut With new Bangkok condo launches sputtering, many homebuilders turned their attention to the low-rise housing sector and found success in the process. For example, more than 60 percent of Sansiri’s total sales last year came from low-rise housing. Meanwhile, SC Asset recorded revenue growth of 18 percent and profit growth of 26 percent during the first six months of 2020 due in large part to a 116 percent rise in housing sales. Many of the firm’s housing projects saw record-setting presales with many selling out completely. There will be some new Bangkok condo launches in 2021, but developers are being cautious in regard to location. A few new projects in and around Thong Lor are slated to be launched since demand here remains strong and supply limited. Additionally, a few developers are lining launches around the under-construction mass transit lines in suburban Bangkok.

New Bangkok condo launches expected to hit a 15-year low

The Bangkok condo boom has been derailed by the ongoing COVID-19 pandemic and its impact is expected to be felt once again in 2021....
Phuket Property Guide Phuket residential property market Knight Frank Thailand

Tourism reopening boosts Phuket residential property market

Nearly 60,000 people visited Phuket under the Sandbox scheme before the island’s full reopening in November. According to CBRE Thailand, the program led to...

Homebuyers’ Expo starts today

One of the most popular events for Thailand property buyers and investors kicks off today (Thursday) at Bangkok’s Queen Sirikit National Convention Centre. Running until...
video

VIDEO: Live the good life for less in this charming Thai resort town

Located along Thailand’s Eastern Seaboard near Rayong, Mae Phim is one of Thailand’s best-kept secrets. From a pristine beach to plenty of authentic Thai...
Best Sustainable Township Development

Vietnam’s top real estate projects exhibit quality and style across the market

This article on Vietnam’s top real estate projects appeared in the most recent issue of Dot Property Magazine. Click here to read it!The Dot Property...
Bonita vegetarian and vegan restaurant in Bangkok. Thailand-Property.com

5 Great Places for Vegetarian or Vegan Food in Bangkok

The food in Bangkok is delicious, and that extends to vegetarian and vegan fare. Even if you do not eat meat, for whatever reason,...