Condominium
- Property News
Unsold properties saturate Thailand real estate market, may breach 1 trillion baht
Developers of residential properties in Thailand should exercise caution when announcing new properties this year, as their collective plans represent the largest amount of new properties in more than a decade, warns Asia Plus Securities. Meanwhile, unsold properties present a high level of risk and might exceed a total value of 1 trillion baht. The word of caution comes as…
- Property
Thailand condo market improved slightly in 2021, despite cautious expat buyers — CBRE
Thailand’s condominium market saw a modest improvement in 2021, despite the overall “sentiment” remaining low with a lack of foreign buying power. That’s according to a report by CBRE, which measured the pandemic’s effect on the country’s economy, customer confidence, spending power and an oversupply of options. The report found that fewer international investors has compounded the situation. Foreign buyers,…
- Property
Sena to expand housing, warehouse portfolio in 2022
Sena Development intends to expand into warehouses, serviced apartments and asset management in 2022, while also developing 49 new residential properties valued at 27.5 billion baht. This year, the company intends to venture into new sectors in order to increase stable earnings from regular income, with the majority of new operations connected firms that can help with property development, the…
- Property
Rent in Singapore reaches 7 year high, despite decreasing population
Home rentals in Singapore, already among the world’s most expensive locales, have increased to a seven-year high, despite the city-state’s population decreasing in the last two years. The rental price index for private residential buildings rose to 114.2 in the fourth quarter last year, an increase of 9.9% compared to the same period last year, as demand outstrips supply, affected…
- Property
Thailand developer Sansiri to focus on low-end, affordable apartments in 2022
Sansiri says it will put lower-end apartments on the market a month before they are finished, and will collaborate with banks to secure the transfer of units with reduced mortgage loan rejections. The approach can assist the company in achieving sales and transfers in lower-end sectors with greater mortgage rejection rates than others, according to the assistant executive vice-president for…
- Property
Large apartments in high demand in Bangkok, despite higher prices
The resale market is predicted to see steady strong demand for larger condominium units this year, despite higher prices for smaller units in new Bangkok developments. CBRE Thailand stated apartment buyers were seeking bigger apartments in popular locations at reasonable rates, the Bangkok Post reported. Consumers of resale condos like spacious properties with a separated workstation from the lounge. These…
- Property
SC Asset to develop 27 domestic projects in 4 years, targets 100 billion baht in revenue
SC Asset Corporation aims to invest 40 billion baht to build new residential developments in Thailand totaling 130 billion baht between 2022 and 2025, with a revenue target of 100 billion baht over the next four years. Of the 130 billion baht the SET-listed developer intends to invest in new releases from 2022 to 2025, 20 billion baht would go…
- Property
Property Spotlight: Plum Condo Bangyai Station in Nonthaburi
If you’re looking for an affordable condo to rent or buy north of Bangkok that’s within easy walking distance of public transportation, then Plum Condo Bangyai Station might just be the perfect property for you. Located at 133/38 Mu Ban Ban Bua Thong Road, Bang Rak Phatthana, Bang Bua Thong District in Nonthaburi, the condominiums project is just a 10-minute…
- Property
Property Spotlight: Notting Hill Sukhumvit – Praksa
Notting Hill Sukhumvit – Praksa is a 35-floor condominiums project managed by Origin located in Samutprakan, the province directly south of Bangkok. It’s a popular choice for commuters and young professionals in the area looking for modern conveniences at an affordable price point. Community Located within walking distance of Phraek Sa station, three stops from the southern end of the…
- Property
Discover MontAzure, Asia’s Ultimate Beachfront Community
Sponsored Article Nestled against the soft sands of Kamala Beach, on Phuket’s pristine west coast, MontAzure is the ultimate destination for those seeking a privileged lifestyle or an attractive investment opportunity. Exuding elegance and exclusivity, with international amenities and a timeless sense of style, this breathtaking residential development has elevated the standard of tropical living in Southeast Asia. Spanning 72…
- Sponsored
Supalai Oriental Sukhumvit 39 offers modern and luxurious living
Sponsored Article Looking for a relaxing experience and lifestyle in the heart of the city? If yes then Supalai Oriental Sukhumvit 39 might just be what you are looking for! Supalai Oriental is a high-rise condominium located at Sukhumvit 39. There are altogether 4 towers with 1,046 units and you have the options to choose between 1 – 3 bedrooms…
- Pattaya News
Australian dies after falling from Pattaya condo balcony
A 58 year old Australian man has died after falling from the 8th floor of a condominium in Pattaya last night. It happened around 10pm on Thappraya Road in Nongprue. The name of the condo has not been announced. Police and rescue workers arrived to find the condo residents gathered around the area where the man fell. The body of the…
- Expats
Expat shift drives changes in Bangkok’s condo market
Thailand’s dominant working expat nationality in past decades has been Japanese, currently making up 18% of expatriates in the country. But, while Japanese expatriate numbers are decreasing, a CBRE report notes that Chinese and Filipinos are on the rise. There were 28,560 Japanese expats in Thailand as of Q3 2020, just ahead of the Chinese expat contingent at 25,811. As China’s manufacturing has…
- Pattaya News
Pattaya condo destroyed by blaze – VIDEO
Fire severely damaged a room at a luxury condominium in Pattaya yesterday evening, just before sunset. Firefighters were notified of the fire at a condominium in Soi Thappraya 9 at 6pm. The cause of the fire is under investigation. Firefighters, rescue workers and reporters rushed to the condominium complex, the name of which is being withheld while the investigation is ongoing,…
- Events
4 reasons why you should register for this Thursday’s Thaiger Flash Sale
THAI PROPERTY EVENT THIS THURSDAY Real estate experts are sounding the alarm… property prices are starting to drop! And The Thaiger Flash Sale, in conjunction with fazwaz.com is giving you the chance to own your dream home with the biggest discounts ever seen, all in one place for just 24 hours. The Thaiger Flash Sale, happening this Thursday, June 18,…
- Bangkok News
77 year old woman falls to her death in Bangkok
An elderly woman fell to her death from a tenth floor condominium in Bangkok’s Bang Khen district yesterday morning, after a worried relative took her in to keep her safe from Covid-19. Police say 77 year old Surinee Dokkaew was found dead at about 6am on the ground at the base of the 15 storey building on Chaeng Wattana Road.…
- Phuket News
Austrian man dies in Patong condo fall
A 68 year old Austrian man is dead after falling from his 12th floor condominium in Patong. His body was found at about 10 last night, on the ground outside the Patong Night Plaza condominium, where police say he lived alone. According to his passport he entered Thailand on December 19 on a 90 day visa. Blood pressure diabetes medications…
- Thailand News
British man found dead in Rayong condo
PHOTO: Sanook A 49 year old British teacher at a language college in Rayong, eastern Thailand, has been found dead in his Cherng Nern apartment. Work colleagues told police that it was unusual that the man failed to turn up for work and wasn’t answering phone calls. Security at the condominium checked on the man’s room and found his body…
- Phuket News
3 Burmese workers dead following collapse at VIP Condo construction site in Rawai
Two workers have been found dead following yesterday’s collapse at the construction site of the VIP Mercury and VIP Galaxy condo and villa site in Rawai. The two migrant workers were trapped under scaffolding that collapsed bringing the death toll to 3. Eight others were hurt. The site was going to be the showroom for the VIP Galaxy villas being constructed…
- Business News
Ananda development pulls the plug on Bangkok condo project
Property developers Ananda Development have pulled the plug on the development of a condo project, Ideo Q Phahon-Saphankhwai, valued at 10 billion baht, and will refund down-payments made by customers who booked units since the April launch. Ananda Development’s chief strategy officer Sumeth Ratanasrikul says that the demand to buy the project at that location didn’t match with the concept design. “Since…
- Property
Wyndham to manage new condo at Layan Beach Phuket
by Bill Barnett A new Wyndham managed condominium hotel is rising in the Layan Beach area of Phuket. Named the Laya Resort Phuket, the first phase of the project is 300 units of studio and one-bedroom configuration. The new development will be situated about 400 metres from Layan Beach. Pricing starts from 150,000 baht a square metre and a 15…
- Property
Chinese continue to soak up Thailand’s condo glut
There are man reasons why Thailand is a favourite location for property buyers from Hong Kong and mainland China – the street food and great weather are just a part of the allure. Chinese nationals spent a record 40 billion baht (US$1.25 billion) on Thai properties in 2018, according to the Bank of Thailand. So who is buying Thailand’s condominiums?…
