Showing 1 - 10 of 59
Anticipated rate cut expected to bolster residential market
Kanana Katharangsiporn, Published on 20/05/2024
» The expected dip in interest rates by 25 percentage points in the second half this year is expected to help the residential market, resulting in projected growth of 5.5%, in contrast with a decline of 0.7% without a rate cut.
Struggling to recover
Kanana Katharangsiporn, Published on 06/05/2024
» With an unfavourable economy and expiration of discounts for the land and building tax this year, property developers are thinking twice about acquiring new land plots, shifting instead to draining inventory.
Reaping the property stimulus rewards
Business, Kanana Katharangsiporn, Published on 18/04/2024
» The cabinet last week offered Thai New Year's gifts to potential homeowners, approving measures that extend the price range of houses eligible for a cut in transfer and mortgage registration fees to 7 million baht, up from a ceiling of 3 million baht.
New residential sales fell 22.5% in 2023
Business, Kanana Katharangsiporn, Published on 29/03/2024
» New residential units sold in Greater Bangkok in the fourth quarter of 2023 declined by 14.5% year-on-year, resulting in a 22.5% decrease for the full year, according to the Real Estate Information Center (REIC).
Housing prices expected to remain flat
Business, Kanana Katharangsiporn, Published on 27/02/2024
» Housing prices this year will remain flat as the market is forecast to be unfavourable, with an overwhelming number of unsold units and many developers seeking to cash in.
Residential property market remains tepid this year
Business, Kanana Katharangsiporn, Published on 17/02/2024
» Though Thai GDP growth is forecast at 2.8-3.2% this year, the residential market may post marginal gains as demand remains weak, according to the Real Estate Information Center (REIC).
Bangkok land prices set for record
Business, Kanana Katharangsiporn, Published on 01/02/2024
» The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity.
Government urged to allay concerns over rate hikes
Kanana Katharangsiporn, Published on 04/01/2024
» As interest rates steady, the government should announce there will be no new rate hikes to bolster homebuyers' confidence amid an uneven economic recovery, says a property researcher.
Developers should be wary of low-cost condo segment
Business, Kanana Katharangsiporn, Published on 02/01/2024
» Developers should exercise caution when launching new condos and townhouses priced less than 2 million baht in Greater Bangkok as a substantial inventory of unsold units might result in increased competition, potentially leading to discounted prices.
Experts see residential recovery next year
Kanana Katharangsiporn, Published on 22/11/2023
» The residential market won't recover until 2024 due to mortgage loan approval issues, particularly in the mass market which has been affected by higher interest rates, according to property experts.