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Bangkok condo market slows in Q3

Kanana Katharangsiporn, Published on 20/11/2023

» The Bangkok condo market slowed in the third quarter of 2023, plunging to its lowest point for supply and demand since the third quarter of 2021, mainly attributed to rising interest rates.

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PROPERTY

Interest rate increases hit demand for residential units

Business, Kanana Katharangsiporn, Published on 15/11/2023

» Interest rate hikes have affected demand in the lower-end segment for residential units, resulting in a consecutive decline in transfers in the third quarter of 2023.

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PROPERTY

Residential market records tepid growth

Kanana Katharangsiporn, Published on 13/11/2023

» The residential market this year will have lower than expected growth, primarily because of the relatively poor performance in the third quarter caused by numerous negative factors, notably higher interest rates, says Supalai.

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PROPERTY

AP keen on demand as it unveils condos

Business, Kanana Katharangsiporn, Published on 07/11/2023

» SET-listed developer AP Thailand plans to launch two new condo projects near Iconsiam and Victory Monument worth a combined 7.3 billion baht this month, aiming to secure its presales target of 13 billion baht by year-end.

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PROPERTY

Synphaet Phatthanakan seen spurring condo sales

Business, Kanana Katharangsiporn, Published on 09/11/2023

» SET-listed developer Property Perfect Plc sold a plot of land to Synphaet Hospital to develop a new hospital adjacent to the company's new condo project in the Phatthanakan area, which could help stimulate demand for its condos.

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Park85 condo to set record

Kanana Katharangsiporn, Published on 06/11/2023

» The third generation of the founder of Bangkok Patana School plans to develop Park85 Residences, a low-rise condo project worth 2.4 billion baht on Sukhumvit Soi 85, with unit prices setting a record for low-rise condos.

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Bangkok land price index up 3% in Q3

Kanana Katharangsiporn, Published on 02/11/2023

» The land price index in Greater Bangkok for the third quarter of 2023 increased 3% year-on-year, the lowest growth rate in seven quarters.

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PROPERTY

Sansiri unveils new structure after departure of Srettha

Business, Kanana Katharangsiporn, Published on 03/11/2023

» SET-listed developer Sansiri has undergone a major restructuring since former chief executive Srettha Thavisin entered politics.

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PROPERTY

Contractors push for tax incentive

Business, Kanana Katharangsiporn, Published on 31/10/2023

» The government should offer tax incentives to buyers of self-built homes as it can contribute to the economy, increase stamp duty revenue and deter irresponsible builders, says the Home Builder Association.

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PROPERTY

Developers call for clearer environmental reports

Business, Kanana Katharangsiporn, Published on 01/11/2023

» Condo developers are urging environmental impact assessment (EIA) reports to be reviewed based on clear standards, aiming to reduce subjective judgements because a delayed assessment process increases development costs.