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High Number of Condo Supply in Ratchada-Rama IX-Asoke Triangle

Pruksa Real Estate's Condolette Midst Rama 9 condominium, worth up to Bt2 billion and comprising 433 units

Bangkok’s triangle between Asoke, Rama IX junction, and Ratchadaphisek Road, is a popular location for middle- to upper-segment condominiums in the Bt2 million-Bt10 million price range, following the construction of new office buildings in the area, a survey has been found early this week.

Rama IX junction alone has four condominium projects under development, worth more than Bt10 billion combined: the Grand Rama 9 by G Land Group; the Condolette Midst Rama 9 by Pruksa Real Estate; Ananda Development's Ideo Mobi Rama 9; and AP (Thailand)'s Rhythm Asoke.



Wednesday, 04 September 2013 17:05

Demand for Office Space Still Strong in Bangkok

Demand for Office Space Still Strong in Bangkok

Despite signs of a slowdown in the economy in the first half of this year, business has continued to expand and companies are continuing to acquire office space in Bangkok, according to Jones Lang LaSalle.

"There are more months for Thailand to tackle the economic woes this year," Suphin Mechuchep, managing director of the professional-services firm specialising in real estate, said. "However, if the Thai economy continues to contract in the second half of the year, demand in the office market will inevitably be affected.



Thailand Property Awards 2013 Shortlist of Winners Announced

After an intense nomination, entry and judging process, the full shortlist of winners for the eighth annual Thailand Property Awards was announced yesterday at the Centara Grand and Bangkok Convention Center, Central World.

Notable Bangkok developments in the shortlist of winners this year include 185 Rajadamri, which is joined on the list by The Ritz-Carlton Residences Bangkok at MahaNakhon and Royce Private Residences, while elsewhere, Siam Royal View Pattaya, Kata Rocks and Mandalay Villas were amongst the developments selected for awards in the Easter Seaboard, Phuket and Koh Samui categories, respectively.



National Housing Authority (NHA) Plans Developing Condominium Projects Near MRT Purple Line

MRT Purple Line in Greater Bangkok

Thailand National Housing Authority(NHA)'s new governor released its first priorities will open up opportunities for people to acquire homes near Greater Bangkok's mass-transit system and to complete the remaining 49,000 units of the Baan Eua-Arthorn project.

Krisda Radsakul said the NHA would start constructing homes near existing and planned routes of the transit system.

Thailand Economic Slowdown to Limit Property Market Growth

FOR SALE: THE BLUE RESIDENCE PORCHLAND 3 , 1 BED/1 BATH - SUKHUMVIT 87, PATTAYA.

Thailand property firms launch special promotion campaigns in cooperation with commercial banks to boost their sales at this year.

Property experts believe the residential market will expand only slightly in the second half of 2013, in line with the economic slowdown, and that this will result in full-year growth of up to 10% - despite the sector witnessing growth of 18% in the first six months.

New Home Registrations in Greater Bangkok up 7%

FOR RENT: WELTZ RESIDENCES,STUDIO - PRAKANONG, BTS-SUKHUMVIT

According to a survey by the Real Estate Information Centre (REIC) of Government Housing Bank in Thailand, the registration of new homes in Greater Bangkok recorded 57,300 units in the first half of the year, up 7% from 53,800 units in the same period of 2012.

Of the total, 33,200 units are in Bangkok proper, and the remaining 24,100 in the provinces Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon and Nakhon Pathom.

Asia-Pacific Property Deals Dip in The Second Quarter of 2013

RESALE: WONG AMAT TOWER - NAKLUA, PATTAYA

Southeast Asia continued to be blessed with upbeat investment sentiment in the second quarter of 2013, while real-estate owners in Thailand injected assets into property funds, according to CBRE Research.

Overall commercial real-estate transactions in the Asia-Pacific region declined by 11% to US$19.2 billion (Bt600 billion) after an unusually strong first quarter.

Thailand Developers Seek Ways to Cut Mortgage Rejection Rates

Pruksa Real Estate president and CEO Thongma Vijitpongpun signing a contract to launch a savings programme to help Pruksa customers get a mortgage

Thailand property firms have been negotiating with commercial banks over possible ways to reduce the rejection rate for mortgage applications during a period in which the banks have tightened the lending criteria for what they consider to be risky customers.

The Bank of Thailand has warned commercial banks to restrict loan provision and increase their loan-loss reserves in light of the additional risk inherent in the country's slower economic growth and the impact of heightened political uncertainty.



Saturday, 10 August 2013 15:48

Residential Boom Returns to Chiang Mai

Residential Boom Returns to Chiang Mai

A overlooking of Chiang Mai

Chiang Mai is often hailed as one of the most liveable cities in Asia, occasionally the world. The price of land in Chiang Mai has risen following a residential-project boom in the northern province, according to research by Collier International (Thailand).

The research shows that Chiang Mai's condominium market is booming again after more than a decade of stagnation.

 Three Concurrent Realty Expos Hold in August 2013

The Queen Sirikit National Convention Centre in Bangkok

To boost sales in the current second half of the year, the Home Builders Association, the Housing Finance Association, and Home Buyers' Guide Co will conduct three expos at Queen Sirikit National Convention Centre in Bangkok between August 22 and 25, targeting sales valued at more than Bt7 billion.

"Home Builder 2013", under the theme "Creative Technology for Home Building Innovation", aims for sales of Bt2.85 billion from the four-day event.

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