2 Nov 2022
Real Estate and Construction
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
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1 Jun 2021
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
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