10 Best neighbourhoods for condo investments in Bangkok 2024

Deciding where to live in Bangkok can be both exciting and overwhelming. Each neighbourhood in this vibrant city has its own distinct charm, culture, and lifestyle tailored to different preferences. There's no one perfect area for everyone; it all depends on your needs and your...

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  • Thai government introduces property stimulus package

    Thai government introduces property stimulus package

    PHOTO: homeservicerayong.com “Buyers must earn no more than 100,000 baht a month and be registered on the Revenue Department’s tax database.” Thailand’s Finance Ministry spokesman Lavaron Sangsnit says that the three major housing associations are ready to support the government’s latest stimulus measures to support home purchases. There was a meeting between Ministry officials and the …

  • Bangkok’s office rental hot spots

    Bangkok’s office rental hot spots

    PHOTO: brandinside.asia And the winner is…? A survey carried out by Colliers International (Thailand), a global commercial real estate organisation, reveals that the highest office rent in Bangkok is at Gaysorn Tower on Ratchaprasong Road. The Nation reports that premium office space in the building is leased for 1,600 baht per square metre per month. Coming in …

  • Utopia Music Festival: Dare to Dream!

    Utopia Music Festival: Dare to Dream!

    On November 11, 2019, Utopia Corporation arranged the Utopia Music Festival at their condominiums in Nai Harn Beach, using a theme of superhero. The concept of ‘Dare to Dream’ showcases the outstanding and unique properties under Utopia Corporation.   The music festival started with a speech from Utopia CEO Hachi Yin and Vice President Leo …

  • New land tax forces land owners to evaluate their options

    New land tax forces land owners to evaluate their options

    PHOTO: SCMP The new Land and Property Tax, which takes effect in January 2020, will be a challenge for the Thai property market, according to the managing Director of CBRE Thailand. In an open report to the media, CBRE says owners of vacant sites will pay significant taxes once the new law comes into effect. Many …

  • Thai banks report strong mortgage growth despite April’s new loan regulations

    Thai banks report strong mortgage growth despite April’s new loan regulations

    Ever since the Thai government enforced the higher loan-to-value ratios on property lenders last April, borrowers and developers have been generally unhappy with the result – a sluggish new home-buyer market. But some commercial lenders, particularly some of the larger ones, have still reported strong lending growth for the first nine months of 2019. Kasikorn Bank …

  • Guaranteed rental returns – Are they real?

    Guaranteed rental returns – Are they real?

    If you’re looking to invest in overseas property, search the market and it’s not unusual to find condos for sale with guaranteed rental returns of 40%, and some even higher. Yes, it DOES seems too good to be true, but the offers are out there and the packages often come with free legal fees and …

  • Tale of two cities – Hua Hin vs Pattaya

    Tale of two cities – Hua Hin vs Pattaya

    by Kornrawee Panyasuppakun Property buyers looking to buy a seaside villa or condo in a coastal town in Thailand, relatively close to Bangkok, confront one question – should I buy a property in Hua Hin or Pattaya? And rightly so, because these two choices have similar aspects. Both have kilometres of coastline, good beaches, and …

  • Stricter controls and paperwork putting brakes on residential property market

    Stricter controls and paperwork putting brakes on residential property market

    The honorary president of the Thai Housing Business Association, Atip Bijanonda, is tipping the local residential market may fall by up to 10% this year starved of economic confidence, the global economic slowdown and the loan-to-value limits. But he also believes the situation is far from the situation leading up to the 1997 economic collapse. …

  • Property Perfect launch promotion to boost flagging condo sales

    Property Perfect launch promotion to boost flagging condo sales

    Thailand’s property market will grow only 3 – 5% this year and the condo market is likely to end up 25% down – the executive director of Property Perfect claims it’s the the most severe situation in 10 years. The Nation reports that Wongsakorn Prasitwipat is primarily blaming the loan-to-value measures imposed by the government on …

  • Bangkok land prices plateau, new tax on the way

    Bangkok land prices plateau, new tax on the way

    Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed …

  • 14% of condos around Bangkok are empty – good time to buy

    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, …

  • Wyndham adds two more hotels for Phuket’s south

    Wyndham adds two more hotels for Phuket’s south

    PHOTOS: Artists impressions of the new Wyndham Nai Harn Resort Phuket Global hotel group Wyndham has announced two more Phuket pipeline hotels. The announcement follows a long list of new developments and openings over the next few years on the island. First for Wyndham, is a 353 key property named the Wyndham Nai Harn Resort Phuket …

  • Hua Hin property market stabilises

    Hua Hin property market stabilises

    The condominium market in Hua Hin is returning to a “balanced state” thanks to a slow down in the launch of local developments in the coastal town. This follows the opening of many developments in 2011 and 2012, causing demand to fall behind the supply. Knight Frank Thailand’s director of research Risinee Sarikaputra says that in …

  • New hotel and condo developments flood Phuket’s property market

    New hotel and condo developments flood Phuket’s property market

    by Bill Barnett The continuing wave of developers bringing hotel investment grade real estate to the Phuket real estate market is escalating. Notable new entries include 74 units at the Melia Phuket Karon Residences that are now for sale. Pricing for one and two bedroom units starts at 8.4 million baht. A 7% three-year guarantee is offered with …

  • MS Siam Tower opens on Rama III

    MS Siam Tower opens on Rama III

    The first premium office building at the corner of Rama III & Industrial Ring roads with an investment value of 2.6 billion baht. Thunsrisiam has announced the official opening of “MS Siam Tower”. The Board of Thunsrisiama and guests held the Grand Opening last Friday in the front of the office building before embarking on …

  • “No stimulus for property sector” – Thai finance minister

    “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 …

  • Official complaint filed with the DSI over The Peaks Residences Condominium in Phuket

    Official complaint filed with the DSI over The Peaks Residences Condominium in Phuket

    PHOTO: Inspections at the property in March this year – Kritsada Mueanhawong Bangkok MP Sira Jenjaka has gone ahead and filed a long list of formal complaints over The Peaks Residences Condominium project being built in the hills above Kata Noi in Phuket. The Palang Pracharat MP has also claimed to have had death threats …

  • Hong Kong’s protests have been good for Bangkok’s luxury condo market

    Hong Kong’s protests have been good for Bangkok’s luxury condo market

    High end Hong Kong investment is turning away from the Chinese business hub and looking outside for new investment opportunities. Thailand’s high-end luxury condo market has been one of the beneficiaries. Keerin Chutumstid, from the Bangkok-based Magnolia Quality Development, says about 40% of the condos in a 52 storey Bangkok luxury tower development that opened last …

  • Palang Pracharath MP chastises Karon Police for not offering protection during condo visit

    Palang Pracharath MP chastises Karon Police for not offering protection during condo visit

    VIDEO & SCREENGRAB: M Today The Palang Pracharath member of parliament from Bangkok, Sira Jenjaka, had an argument with Lt Col Pratuang Polmana, Deputy Superintendent of Karon Police during his inspection to the controversial Peak Condominium in the Karon area of Phuket. MP Sira was surveying the construction site of the project and the sales …

  • Bank of Thailand relaxes Loan to Value to boost sluggish property market

    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 …

  • Habitat Group honoured with ten awards at 2019 PropertyGuru Thailand Property Awards

    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 …

  • Thai developers revising strategies after a drop in Q2

    Thai developers revising strategies after a drop in Q2

    Some of Thailand’s largest property developers have reported drops in revenue and profit in Q2 2019. The slump follows commercial banks in Thailand reining in loan approvals in response to a new loan-to-value regulation that took effect on April 1. • AP (Thailand) reported total Q2 revenue of 4.8 billion baht, down 25.9% compared to …

  • Radisson brand add another Phuket hotel to its portfolio

    Radisson brand add another Phuket hotel to its portfolio

    The Radisson Hotel Group has signed a deal for a 222 key mixed-use hotel on Phuket’s north west coast at Mai Khao. Set to open in early 2023, the hotel has sales and leaseback units under a hotel residences program. Radisson Phuket Mai Khao Beach is being developed by Thai-Chinese Property Holdings. Phuket’s ongoing development …

  • Amnesty program for unlicensed Thai hotels finishes September 9

    Amnesty program for unlicensed Thai hotels finishes September 9

    PHOTO: We needed a photo of a small hotel. So this is The Small Hotel in Krabi (already licensed!!) The Thai government has issued guidelines for unlicensed hotels under their amnesty program. Hotels must submit applications and complete improvements before September 9, so time is of the essence. Baker McKenzie Thailand has outlined the process and …

  • Chewathai launches seven new property projects in Bangkok despite slowdown

    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 …

  • Lower demand but Thailand is still China’s favourite international property market

    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 …

  • Laguna Phuket launch entry-level condos

    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 …

  • Ananda development pulls the plug on Bangkok condo project

    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 …

  • Bangkok’s expat rental trends changing

    Bangkok’s expat rental trends changing

    The number of Japanese expats in Thailand dropped to lower than 20% of the total expats in Thailand for the first time, dropping to 34,133 as of April 2019, a 4% decline year on year, according to CBRE. CBRE are reporting a change in demand and an impact on the rental apartment sector in Bangkok, …

  • Co-working spaces in Bangkok are re-shaping small to medium business office options

    Co-working spaces in Bangkok are re-shaping small to medium business office options

    PHOTO: The Great Room Co-working spaces are opening up around Bangkok and providing a more flexible framework for businesses to grow. Advances in technology, a more mobile workforce, and unpredictable economic growth are reshaping the business environment. In the Bangkok office market, a traditional three-year lease with options to renew and the tenant fitting out the …