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Rental battle intensifies

Andrew Batt -
The battle for the accolade as Bangkok’s most-searched district for rental properties on Thailand’s number one English language property portal intensified again this week...
Cissa Group

Cissa Group signs up for the Dot Property 48 Hour Mega Sale

Cheyenne Hollis -
Cissa Group is a leader in Phuket property development. The firm is behind several outstanding resorts and health and wellness projects that cater to...
Hua Hin villa projects

3 Hua Hin villa projects you don’t want to miss

Cheyenne Hollis -
Hua Hin is a destination with something for everyone. This even extends to residential developments. There are luxurious beachfront residences, affordable city center condos...
Thailand hotel transactions

JLL foresees THB12 billion in Thailand hotel transactions this year

Cheyenne Hollis -
Thailand hotel transactions are expected to continue at a brisk pace with JLL estimating volume to grow to THB12 billion in 2023, up from...

Q3 quiet for Phuket condos

Andrew Batt -
The Phuket residential resort condominium market was quieter in terms of new launches and sales during the third quarter of this year. According to research...

House prices fall in Thailand

Andrew Batt -
According to a report by GlobalPropertyGuide house prices in Thailand fell by 1.12% quarter-on-quarter in the second quarter of the year. The website takes its...
video

Live your best life by investing in Phuket’s ultimate beachfront development

Cheyenne Hollis -
The developers behind Sunshine Beach took a different approach to creating a project in Phuket. Instead of focusing on a specific feature or concept,...

Peripheral Bangkok overpriced

Andrew Batt -
One of the more interesting facts to emerge from recent research from real estate firm Knight Frank Thailand is that many of the recent-launched...

Cheap homes will fail: claim

Andrew Batt -
The Thai government’s plan to boost the economy and provide low-income housing is illogical, unsound and, according to Dr. Sophon Pornchokchai, President of Thailand’s...
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...
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