The orient Resort and Spa condominium development in Pattaya,Jomtien. Thailand-Property.com

Matrix and Nova Group Combine to Develop New Luxury Condo in Pattaya

Pattaya based Matrix Developments and Nova Group, two of Thailand’s most prominent property developers, are combining efforts this year to develop a new freehold...

Business in Bangkok just got better

Research released from CBRE states that Bangkok office space is one of the cheapest in the world.Despite Bangkok’s office space increasing 6.6 percent year-on-year,...
future of the office

The future of the office is dependent on employees

There is no shortage of approaches when it comes to the future of the office. Airbnb is getting rid of it entirely while Elon...

More loans for Southern home buyers

Thailand’s Government Housing Bank (GHB) has said it will expand a scheme to offer low interest loans to new homeowners in the South of...

Prices to rise in 2016?

In its condominium market research released yesterday, real estate firm Nexus noted there were 61 new projects launched during the first half of 2015...
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.

What is influencing Bangkok’s moving market?

Bangkok's new projects are being built out of the Central Bangkok. The desire for brand new condominiums in Asia is strong. This is a long...
Trick or treat halloween

Halloween: Tips for a spooktacular time

Halloween is a fun time of year that is meant to be celebrated with friends and family. While the holiday originated more than 2,000...

Four Luxe Projects in Bangkok to Watch this Year

Displaying a consensual wave of confidence in the market, developers in Bangkok are not shying away from luxury condominiums; especially in the prime areas...
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Watch the Dot Property Thailand Awards 2021 Winners show and relive the excitement

Did you miss the Dot Property Thailand Awards 2021 Winners show live broadcast? Don’t fret, the replay is now available. You can either watch...

Big boost for Bang Sue

More than 200 people took part in a marketing seminar yesterday to discuss the commercial development of a 218-rai empty land plot in Bang...