property
- Property
14% of condos around Bangkok are empty – good time to buy
Looking for a condo around Bangkok? Now might the right time to take the plunge with the head of the Appraisal and Estate Agents Foundation saying some areas have between 8-14% vacancy rates, some areas of Bangkok up to 17.5%. Dr Sophon Pornchokchai made the remarks at a news conference yesterday. “Adding developer price wars, plus inducements to purchase, this…
- Thailand News
“No stimulus for property sector” – Thai finance minister
The Finance Minister Uttama Savanayana told a seminar in Bangkok yesterday that the government’s stimulus packages were for the ‘grass roots economy’ and the property sector can cope on its own, without any government assistance. He was speaking at a property seminar hosted by the Krungthep Turakit newspaper yesterday. He said that that the real estate sector could readily adjust…
- Business News
Bank of Thailand relaxes Loan to Value to boost sluggish property market
PHOTO: booking.com The Bank of Thailand says it will relax the Loan to Value (LTV) for homebuyers purchasing residences together and that borrowers or co-borrowers applying for a loan under the first home buyers rule and who do not own any other residence would be given a 90% mortgage on a condominium and 95% for a single detached house and…
- Events
Habitat Group honoured with ten awards at 2019 PropertyGuru Thailand Property Awards
PHOTO: Winners, the Habitat Group lead by CEO, Mr. Chanin Vanijwongse Thailand’s premium property-for-investment developer, Habitat Group, has received high acclaim at the 2019 PropertyGuru Thailand Property Awards being honoured with ten awards, including the highly coveted Best Boutique Developer. In addition, Habitat Group’s flagship Walden brand and its expertise in developing properties for investment were recognised with multiple awards…
- Business News
Thai land prices appreciate average of 8.3%
Land prices around Thailand have risen by an average of 8.3%, whilst land in the Eastern Economic Corridor have appreciated by more than 10% – the new land appraisals will be implemented for tax collection purposes next year, according to Wilawan Veerakun, deputy director general of the Treasury Department. The price of parcels of land in Khampaeng Phet province has gone…
- Thailand News
Chewathai launches seven new property projects in Bangkok despite slowdown
Listed property firm Chewathai says they are revising down their revenue target for this year from 2.8 billion to 1.6 billion baht after demand for residential projects has shown a slowing down in the first half of 2019. The company’s managing director Boon Choon Kiet made the announcement yesterday. Boon says Chewathai’s total revenue of 618.65 million baht in the…
- Property
Lower demand but Thailand is still China’s favourite international property market
The Yuan has dropped in value against the Thai baht and China remains in the midst of a long-running trade spat with the US. But, still, the Chinese investors are still buying up Thailand property although not at the same rate as they did last year. But juwai.com, specialising in Chinese real estate, predicts further growth of Chinese buyers Thai…
- Phuket News
Laguna Phuket launch entry-level condos
Laguna Phuket has launched a new entry-level condominium project named SkyPark. Pre-launch pricing ranges from 2.9 to 4.3 million baht for fully furnished units. The SkyPark development has three condominium blocks of approximately 140 units each, so 420 units in all. Unit types start at studios (28 square metres), one-bedroom (30-39 square metres) and two-bedroom (40-60 square metres). Features include rooftop…
- Phuket News
Phuket leads the way in managed hotel residences
by Bill Barnett of c9hotelworks.com – Feature article “Hotel Residences – properties that sell individual units in the real estate market and operate as either hotels or else are branded by hospitality operators. Other often used terms are condotel, hotel branded residences and hospitality-led real estate.” Phuket’s love affair with hotel managed properties started in the late 1980’s with the…
- Tourism News
Phuket’s new town planning code will radically change island
Thailand’s Department of Public Works and Town & Country Planning is finalising sweeping new development regulations for Phuket. The island’s MICE industry is expected to be a big winner from the proposed changes (more below). In April the draft regulations were issued for public comment and it is expected the new set of rules will come into effect over the next…
- 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?…
- Technology News
Thai property startup FazWaz heads overseas
FazWaz, the Phuket startup that has built a tech-first platform to take on Thailand’s real estate giants, is announcing its overseas expansion today. The move underscores just how far and fast the company has moved since being founded in 2015 in the small beach town of Kamala in Phuket. While real estate markets go up and down, FazWaz has definitely…
- Phuket News
Phuket’s hotel and property players look north
by Bill Barnett of c9hotelworks.com One of Greater Phuket’s real estate and hotel market’s that has a decided buzz of late is the area north of Phuket over the Sarasin bridge in Phang Nga. In Natai Beach, the entry of the Baba Beach Club and nearby Akyra has created renewed visibility for the broad West Coast stretch of white sand beach,…
- Opinion
Statistics don’t lie, agents do
OPINION Anyone currently involved in the Thailand property market will be happy to note that Thailand’s global ranking for transparency within its real estate market (Jones Lang LaSalle, 2014) has improved from 39th in 2012 to 34th in 2019. What does this actually mean for the majority of us? Unfortunately, the answer is very little indeed! With almost no…
- Thailand News
Car and house loans surged in 2018
The Bank of Thailand says they’re concerned about the double-digit growth in loans for cars last year. The central bank is now monitoring the trend and will keep track of statistics for the rest of 2019. Their concerns about the Thai mortgage market the year before resulted in new regulations coming into effect this April. Loans for cars were up…
- Bangkok News
Chinese investment sets new records in property purchases
The demand for property, especially in Bangkok, continues unabated. Despite a drop off in absolute tourism numbers, enquiries from Chinese real estate buyers remains strong, setting new records. Not only are the Chinese the most frequent tourists to Thailand, they are the most enthusiastic property buyers, stetting a new record for Q3 this year. Number two in foreign investors into…
- Property
Developer promises and the ‘rental guarantee’
According to a recent report from CBRE, more than 80% of Phuket condo sales offered rental guarantees in reported sales in the first six months of 2018. The report says that most of these condo sales were for properties less than 5.5 million baht. The CBRE report also noted that there were 458 condos and 56 villas sold in the same…
