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Melbourne’s changing landscape

Andrew Batt -
Melbourne looks set to join the ranks of fashion meccas such as Paris, Hong Kong, New York and London, as an influx of luxury...
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?

Virginia Ewart-James -
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...

Low-income homes: A step nearer

Andrew Batt -
The Thai government has called its first meeting on its policy to provide a home for every low-income earner, while setting a target for...

Why getting your property insured in Thailand is a must do!

Seek2Insure -
For anyone living in Thailand, whether a seasoned expat or a new addition to Thailand, making sure you protect your home and your possessions...

How international investors benefit from technology

Virginia Ewart-James -
Technology improvements make it even easier for overseas property transactions. There is no avoiding that we live in a digital age. Listings for properties are...

New Low Rise Projects Surrounding Bangkok Predict Future of Market

Andrew Batt -
Major developer L.P.N. will use the remainder of the year to round out its property portfolio while also capitalizing on a not-yet-met demand for...
SMDC CSR Dot Property Awardsvideo

Philippine developer hailed for its Corporate Social Responsibility efforts

Cheyenne Hollis -
The Special Recognition Award for Corporate Social Responsibility at the Dot Property Philippines Awards 2021 was bestowed upon a homebuilder making positive contributions that...
Hua Hin villa development

Enjoy life at a luxurious Hua Hin villa development near the sea

Cheyenne Hollis -
There aren’t many Hua Hin villa developments near the sea. This makes Sivana HideAway unique. In addition to being an ideal residence where you...

Surprise in top-five searches

Andrew Batt -
Krung Thonburi was the surprised mover in the top five places that users of Thailand’s number one English language property portal were searching for...

CBRE’s London Property Investment Seminar at Four Seasons Bangkok Hotel

Andrew Batt -
As London residential property continues to be a lucrative investment, CBRE International Property Division would like to invite you to attend a presentation on London and...
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