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3 key questions facing the Philippine property market in 2021

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The COVID-19 pandemic hit the Philippines hard, putting an end to years of strong economic growth. The country’s GDP fell by 10 percent with...
Anchan Hills Work from paradise

Forget work from home, it’s time you work from paradise

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Work from home is clearly not going anywhere. Even when the situation returns to normal, a lot of employees won’t be going back to...
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

Cheyenne Hollis -
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....
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3 key questions facing the Thailand property market in 2021

Cheyenne Hollis -
While the year hasn’t gotten off to a great start due to a second COVID-19 outbreak in Thailand, many experts believe 2021 will be...
allowing pets in your rental property

Is allowing pets in your rental property a good idea?

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Property investors and landlords face a lot of difficult decisions. There is a delicate balancing act between finding ways to make a property attractive...
Khun Pitchakorn Meesak Bridge Estate Managing Director

Cover Story: Skill, knowledge and passion helped Bridge Estate become one of Thailand’s Best...

Cheyenne Hollis -
This article on Bridge Estate was the cover story in the latest issue of Dot Property Magazine. You can download the latest issue right here...
best Bangkok condominium projects

A trio of Bangkok condominium projects impress in 2020

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The quality of Bangkok condominium projects continues to improve across all market segments. Amenities, such as automatic parking, are now offered at some affordable...
Thailand’s Best Real Estate Agencies 2020 winners

Dot Property Thailand Awards recognizes the Kingdom’s leading real estate agencies

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The Dot Property Thailand Awards once again honored top professionals in the country. Thailand’s Best Real Estate Agencies 2020 rewarded the companies keeping the...
Botanica Luxury

Botanica Luxury continues its outstanding work in Phuket

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Botanica Luxury has built up a collection of Phuket’s most luxurious and exclusive villa projects. All it takes is one glimpse at the firm’s...
Dot Property Magazine

Newest issue of Dot Property Magazine released

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Dot Property Magazine is out now and this issue has interviews, insights and a look at all the winners from the Dot Property Vietnam...
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