TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bangkok Property Market on Mend

Category: Real estate, Posted:16 Sep 2009 | 09:54 am

Speaking recently at a Thailand Property Conference in Bangkok I was able to speak to Dan Tantisunthorn who heads research at Jones Lang LaSalle, and was able to update trading in the nations capital. “Despite the global recession and political issues sales prices have continued to rise with prices going up by 1.2% in H1. With reduced demand and cash flow a key consideration though discounting is evident in the market in the range of 5-15%; with some developers offering add on's like free furniture packages, cars or consumer appliances. By the end of 2009 expected completions at 46 projects representing 11,180 units will enter the market.”

“Looking forward large scale increases in supply, poor economic conditions and an increase in purchaser loans from 15-20% is hitting demand. While the Government has proactively stimulated domestic initiatives, buyer sentiment is anticipated to rise for the last half of the year. Back of a stock market rally and positive economic data a number of developers are now teeing up new project launches.”
Additionally Dan pointed out “that the continued property development was changing face as it tracked mass transit extensions and new routes (airport link, BTS, MRT). The short term tax incentives to buyers on mortgage borrowing and transfer fees are slated to expire in March 2010.”
Certainly Bangkok's broader market is set to perform considerably better back of domestic demand while resort markets such as Phuket who rely on overseas buyers will see little relief from the current slump.

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]