According to Bot latest Press Release, the Thai economy continued to be on a decelerating trend in October. The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and private investment indicators. Public spending contracted after last month’s expansion, from capital expenditures. […]
The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. One of the sectors that will be impacted is vacant land. There are still many unused sites in Bangkok. Owners of these sites will have to start paying significant taxes for the first […]
The recent restrictive measures from the Bank of Thailand (BOT) have continued to cast a shadow over Bangkok’s condominium market since the beginning of this year. Condominium sales have dropped, putting pressure on developer’s financial targets. Some developers have sought to diversify their risk in pure residential development projects for sale by seeking to develop […]
Social media is transforming retail and expanding the e-commerce world. It goes without saying that the presence of social media in any retail store is critical to its marketing and sales reach. It has not only simplified the process of buying but also created a platform for brands to have a global outreach. E-commerce is […]
The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill. Risinee Sarikaputra, director of research, said to the Bangkok Post that “The normal quarterly sales rate […]
The Bangkok condominium market has slowed down due to the accumulation of unsold stock and the tightening of mortgage lending regulations. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand. This explains why developers are shifting their overall development portfolio to the low-rise housing […]
ProperDi Co., Ltd. announced today that they have added selected property industry experts to continue their innovation in the property sector and changed their platform name to ProperDee. These key additions are led by Mr. Cobby Leathers, Mr. Sievert Larsson, and Dr. Arie Bloed with additional participation from a team of property experts. Mr. Leathers […]
Commercial real estate markets in Asia Pacific delivered strong total returns for investors in recent years. Average annual returns in ten major office markets in the region ranged between 5% and 20% per year during the 2016-2018 period, as compared with low single-digit returns in New York City and London for the same period. Nevertheless, […]