1 Jun 2021
Real Estate and Construction
It is expected that home purchases in the Bangkok Metropolitan area during 2H21 will improve over a sharp plunge reported for 1H21 if the COVID-19 pandemic can be contained by July, and if vaccination rollouts are on track, and there are new economic stimulus measures introduced by the government. However, sales of residential properties in 2H21 may be lower than those seen in 2H20 because the overall consumer purchasing power has not fully recovered, in particular that of the key low to middle-income segments, and the fact that prospective foreign home buyers have been inhibited by travel restrictions. ... Read more
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27 Nov 2019
The Cabinet, November 26, 2019, approved new economic stimuli for 4Q19. These include a 50,000-Baht subsidy on a home purchase down payment to ease financial burden of new home buyers, being the government’s third property stimulus measure so far this year. ... Read more
18 Apr 2019
Condominium developers are expected to face greater challenge in 2019 due to increasing economic uncertainty as well as specific factors affecting condominium market. For example, the demand for condo has been somewhat absorbed and there are a number of remaining unsold units covering a wide range of prices amid the imbalance between purchasing power and selling price. Moreover, new regulatory and legal requirements have become effective. These factors have prompted business operators to attach greater importance on their business plan adjustments. ... Read more
15 Feb 2019
The residential property market will continue to face a number of challenges in 2019. These include a fragile economic recovery in Thailand, weak purchasing power, especially of low-income earners and high levels of housing inventory. Given this, KResearch has conducted a survey on the behavior of Bangkok residents toward home purchases so as to find out demand over the next 1-2 years. The poll attaches importance to the LTV measure because it is a challenge factor for 2019 that may affect home buying decision of Bangkok residents. ... Read more