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PROPERTY

REIC targets better data gathering to head off crises

Published on 27/07/2024

» The Real Estate Information Center (REIC) continues to serve as an alert system for the property sector, but significant progress is needed, particularly in securing cooperation from various agencies to provide data for both the public and private sectors.

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PROPERTY

Price index of vacant land dips in Q2

Kanana Katharangsiporn, Published on 26/07/2024

» The price index of vacant land in Greater Bangkok declined in the second quarter of this year compared to the first quarter, primarily due to the slow economic recovery and a downturn in the residential market.

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PROPERTY

Rayong developers reduce launches as sales decline

Business, Kanana Katharangsiporn, Published on 19/07/2024

» Developers in Rayong are adjusting to a market slowdown by reducing the bulk of newly launched residential supply in the first quarter of 2024, in response to consecutive declines in sales.

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PROPERTY

Chon Buri market still offering potential

Business, Kanana Katharangsiporn, Published on 18/07/2024

» The residential market in Chon Buri still has growth potential but caution is needed due to the oversupply of condos and townhouse sales declining for five consecutive quarters.

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PROPERTY

C.P. Land planning to unveil 9 new projects

Business, Kanana Katharangsiporn, Published on 16/07/2024

» C.P. Land Plc, a property firm owned by the CP Group, plans to launch nine new residential projects worth a combined 11.3 billion baht in Bangkok and major provinces over the next 12 months, with one third being in the high-end segment.

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PROPERTY

Condo, low-rise house price index up in second quarter

Kanana Katharangsiporn, Published on 15/07/2024

» The price index of new condos and low-rise houses offered for sale in Greater Bangkok in the second quarter continued to rise for a sixth consecutive quarter, driven by higher land prices, construction costs and wages.

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PROPERTY

Ministry suggests stimulus efforts have generated B65bn

Business, Wichit Chantanusornsiri, Published on 12/07/2024

» The government's real estate stimulus measures have already injected about 65 billion baht into the economy, according to the Finance Ministry.

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PROPERTY

Sansiri eyes foreign market, luxury niche

Business, Kanana Katharangsiporn, Published on 12/07/2024

» SET-listed developer Sansiri is preparing for a fragile market in the second half by securing bank loans totalling 15 billion baht, seeking to enhance foreign demand and launching upper-end projects.

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PROPERTY

Mortgage terms may be extended

Kanana Katharangsiporn, Published on 10/07/2024

» The Ministry of Finance is planning to hold discussions with commercial banks about the possibility of extending the home loan repayment period to a maximum age of 85 among borrowers in an effort to stimulate local demand amid the economic slowdown.

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PROPERTY

Property developers' sentiment plunges

Kanana Katharangsiporn, Published on 10/07/2024

» The sentiment index for housing developers in Greater Bangkok dropped in the second quarter to its lowest level in 15 quarters, dating back to the third quarter of 2020 during the pandemic.