Thailand property market recovery

Luxury market remains active but Thailand property market recovery won’t start until borders reopen

The Thailand property market recovery can’t fully begin until the country’s borders reopen to overseas arrivals, although CBRE did find a few silver linings...
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Explore the most exclusive branded residences in Southeast Asia

Branded residences are nothing new in Asia. Both hospitality and design firms have been lending their brands and the seal of approval that comes...
difference between hotel-branded residences and serviced apartments The Residences at The Westin Manila Sonata Place

Understanding the difference between hotel-branded residences and serviced apartments

There has been a simultaneous boom in hotel-branded residences and serviced apartments throughout Southeast Asia. Neither are particularly new, but both are more prolific...

As the Australian property market recovers, Crown Group believes sustainability of wellbeing sets it...

Australia’s response to the COVID-19 pandemic has been lauded across the world and shows it is truly a global leader. The country is officially...
Virtual tours Thailand

Virtual tours are the future of real estate in Thailand

This article on virtual tours comes to us from 66 Property, a leading real estate agency in Chiang Mai.Open houses have long been the...
Bangkok condo resales

Condo resales in prime Bangkok perform better than expected

Condo resales in prime Bangkok were not harmed by the ongoing COVID-19 pandemic, according to Knight Frank Thailand. The market was driven by increased...
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3 key questions facing the Philippine property market in 2021

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

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

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

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...

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