10 Apr 2024
Real Estate and Construction
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1 Sep 2023
2 Nov 2022
In 2022, housing market indicators have exhibited improving signs, but unevenly. Amid increased confidence towards the recovery in the economy and tourism after the COVID-19 pandemic has eased, residential developers have begun to resume investment in more new projects. However, new home purchases have yet to fully rebound because the overall household purchasing power remains fragile on the back of the high cost of living and debts. Although the number of home ownership transfers may accelerate during the final two months of 2022 as the easing of LTV measures is set to expire at the end of 2022, that will depend on purchasing power and qualifications of prospective home buyers. ... Read more
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
5 Aug 2019
The residential property market in Bangkok Metropolitan Region in the remainder of 2019 still faces several challenges, prompting developers to adopt a cautious approach in launching new projects and adjust their business plans in response to the market conditions in 2H19. Some have shifted to projects with affordable prices to attract mass consumers. The popular locations remain the areas surrounding the connection points of mass transit routes in outer Bangkok.... Read more
9 May 2019
The package includes the Finance Ministry’s residential property stimulus measure which targets the customer group with real demand. They are first-time buyers planning to buy a house with reasonable price. Additionally, there is a measure to ease the spending burden of low-income and middle-income earners who want to purchase a residential property worth up to THB1 million (in line with the 1-million-unit housing scheme). This group of homebuyers represents a large customer base. The stimulus package has different objective from that of the loan-to-value (LTV) requirement issued by the Bank of Thailand to ensure mortgage loan approvals are in consistence with borrowers’ debt service ability (e.g., purchasing for speculation/investment) and to govern loans approved for expensive housing units to oversee the quality of housing loans and financial stability of the system.... 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
24 Jan 2019
In 2019, residential property developers in Greater Bangkok may face more challenges in bolstering sales because purchasing power overall has not fully recovered and there are various economic factors affecting consumers’ decision to purchase homes. Under this circumstance, real estate developers may need to tap into consumer segments having strong demand and ability to purchase homes over the next 1-2 years, such as Gen-Y consumers, who want to buy their first homes. ... Read more
21 Jul 2017
The residential property market was sluggish in 1H17 and that disappointing performance should continue into 2H17, given that consumer purchasing po... Read more
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