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Thailand Property News Round-up – 2nd Week in January

Andrew Batt -
Thailand’s ongoing political stalemate and the paralysing ‘Bangkok Shutdown’ planned for Monday, 13 January 2014, continue to make global headlines this week. The effects...
Bangkok tall buildigs

Fire regulations in place

Andrew Batt -
Thailand’s Deputy Interior Minister has assured the National Legislative Assembly (NLA) that the government has fire safety regulations in place for tall buildings, while...
commercial property for sale Trat

Start your business here: Commercial property opportunities listed on Thailand Property

Cheyenne Hollis -
A lot people assume Thailand Property is only for condo units, villas and other types of residential real estate. But we also have the country’s...

Two new projects for Pace

Andrew Batt -
Stock-exchange listed real estate company Pace Development Corporation has revealed plans for new investments - one of which will be a high-rise project on...
Tips for First Time Home Buyers in Thailand

Five Tips for First Time Home Buyers in Thailand

Virginia Ewart-James -
Interested in buying real estate in Thailand?  If this is your first time buying a home, read the tips below to make sure that...

Ann Thongprasom joins the Dot Property Show

Katilyn Berg -
The first ever Dot Property Show is taking place at Siam Paragon’s Fashion Hall and is quickly gaining attention… and fame.The Dot Property Show,...

Savills roles for Bowling and Joy

Andrew Batt -
Real estate firm Savills has boosted its presence on Thailand’s Eastern Seaboard with two new experienced additions to its team. A familiar face in Pattaya...
video

3 Samui luxury villa developments with breathtaking sea views

Cheyenne Hollis -
The countdown to Thailand reopening is officially on. Phuket remains on track to welcome vaccinated visitors quarantine-free starting on July 1 with most other...
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....

THB 500 million for mortgage refinancing

Andrew Batt -
Thailand’s Government Saving Bank (GSB) has set aside THB 500 million to help its customers refinance mortgage loans. GSB President Chartchai Payuhanawichai told media that...
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