Showing category "Thailand Real Estate News" (Show all posts)
The Ministry of Finance will present to the Cabinet in the next week legislation that will support low to moderate income people by allowing the Government Housing Bank (GHB) to issue 30-year loans with the first two years being interest free on properties that are priced at three million baht or less for first-time buyers. This policy is indicative of the government's plan to encourage people to buy their own housing which it feels will help solve social problems. Because the housing market ... Continue reading ...
The sky corridors of Bangkok (Bangkok Metropolitan Authority) or Sky Walk construction project is still in the formative stages but a fair amount of debate has been going on now over a number of contentious issues that have not been fully resolved yet.
The Sky Walk construction costs are about 43,000 baht per square kilometer. The project is going to require a speedy construction process in order to be completed before December of this year to celebrate the auspicious occasion celebrating His... Continue reading ...
The Bangkok condominium market showed consolidation in the first half of 2011 with healthy conditions overall, but there are warning signs of possible rising prices for construction materials, higher inflation and higher interest rates, according to Colliers International Thailand. About 11,900 units were launched in the second quarter, a 9.6% rise on the previous quarter, representing a continuation of consolidation after a dramatic number of launches in the second half of 2010. The launches w... Continue reading ...
The Bangkok BTS Silom Road Extension (Green Line) construction of the Taksin –Bang Wa route, which is 5.3 kilometers long, is currently waiting for approval by the Bangkok Metropolitan Administration (BMA) for the use of a road island on Taksin – Petchkasem Road. The Department of Rural Roads (DORR) will coordinate with the Mass Rapid Transit Authority of Thailand (MRTA) in adjusting the structure plan of the blue line (Hualumpong – Bang Kea and Bang Sue - Tha Phra extensions) and the S...
Bangkok’s property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.
Since last year nearly 100 projects have been launched in the area by both listed ... Continue reading ...
The Thai Highway Department plans to immediately develop 5 inter-city motorway routes within a 250 kilometer radius from Bangkok. 1. The Bang Pa-In - Nakhon Sawan 2. Ayutthaya - Saraburi - Nakhon Ratchasima 3. The City - Pong - Kanchanaburi 4. The Nakhon Pathom - Samut Songkhram - Bangkok 5. The Pattaya City - Map Ta Phut The project is expected to be completed in 2027 and the Highway Department expects to invest approximately 300,000 to 400,000 million baht. From consultations with the Ministry... Continue reading ...
Real estate business associations are opposing a new Bangkok city planning statute aimed at limiting high-rise buildings to roads that have a width of at least 12-16 meters. The current city planning draft plan (3rd revision) is in the process of opening public hearings but the assessment of the draft comprehensive plan initially found that Bangkok condominiums will be most affected by limiting the construction of a large building or a residential-sized volume of over 10,000 square meters only... Continue reading ...
Condominium entrepreneurs were shocked after the new EIA rule “Visibility Pollution” before beginning construction must ask the surrounding community regards obscured views, changes in the environment where some entrepreneurs already received unapproved EIA. Entrepreneurs are filing a lawsuit with the administration court. Recent EIA new law conflict with many Acts including Building Control Act and urban planning as well as the 30 plant in Map Ta Phut were damaged.
in The case of EIA com... Continue reading ...
In middle of 2554, 1317 housing project being sold in the markets of Bangkok and surrounding areas. Of these 955 projects are with above 20 units remained for sale, indicating that the housing market in Bangkok and its perimeter is still very large. The remaining project with more than 20 units left for sale are up to about 100 projects demonstrating the release of many projects which will slow down sales rate. In the past 6 months, there were 233 new projects opened compared to last year with... Continue reading ...
Real estate and construction businesses reported revenue throughout 2010 with income over 3 trillion baht and a total profit of 35 billion baht. Italian-Thai Development PCL revenue was up to 36,676 million Baht
Especially, 35 housing developers combined earnings of 1.61 billion grew 16% and profits jumped more than 26% to an excess of 23 billion baht. Ranking first on profit earning Land House valued at more than 3,876 million and Pruksa rank first for earnings at 23,406 million.
In the proper... Continue reading ...
The new property tax will focus on collection of tax from wealthy land owner including investor and politicians. At the same time property tax will help spread land ownership to lower income families due to higher taxation by letting out, selling, or government buy up at a lower rate. Taxation of land plots and structures would include land plots without structure, land plots with structure, commercial structures and residential structures where all 30 million properties are currently are unde... Continue reading ...
Progress in preparing the draft regulations under the Thailand Condominium Act amended in 2009 with the purchase and sale agreement is almost completed and will be presented to the meeting of the Council of Ministers (Cabinet) in August 2011. The essence of the contract will be to declare the act as another measure to protect consumers, which requires that any project or condominium units which will be open to the public for sale must be certified or approved by the Environment Impact Assessm...
The political ramifications of the recent election in Thailand, in regard to the business community, are still unclear especially when it comes to the property sector. Some things will remain constant – people still need places to live, and the residential market should remain more or less steady, at least among Thai people, said Antony Picon, Associate Director of Colliers Research Thailand. Some foreigners may have found the political turmoil of recent years a bit unsettling, he said, add... Continue reading ...
There are mixed signals coming from the real estate market in
Bangkok in terms of predicting what will happen with condominium sales in
Bangkok in 2011. A number of factors are adding to this uncertainty although it
doesn’t appear to be slowing down developers as the top 10 companies in Bangkok
alone have over 200 projects planned for this year with half of them being
condominiums.
One of the key factors that could affect condominium sales is the
recent central bank ruling that mandates a ... Continue reading ...
The city of Bangkok has confirmed that it is moving forward with the Sky Walk project. Pointing out private enterprise help support funding and select their own contractor in certain stretch of the project. For the stretch that the city of Bangkok is responsible for will cost approximately 50,000 baht per square meter. The Association Against Global Warming announced that they will issue a law suit if the construction contract is sign.
Bangkok Metropolitan Administration (BMA) will push the c... Continue reading ...
Progress of the Bangkok Sky Walk connecting Rajprasong - Pratunam for the 84th Anniversary Commemoration involved in the "Bangkok Paradise City” project with BTS Capital Group joins Rajprasong entrepreneurs supporting budget of 400 million Baht and signed MOU officially to Push forward Chulalongkorn monorail after Chulalongkorn approval indented Depot area across from Chamchuri Square. Deputy Governor of Bangkok (Bangkok), recently signed a memorandum of cooperation with a group of business... Continue reading ...
In middle of 2554, 1317 housing project being sold in the markets of Bangkok and surrounding areas. Of these 955 projects are with above 20 units remained for sale, indicating that the housing market in Bangkok and its perimeter is still very large. The remaining project with more than 20 units left for sale are up to about 100 projects demonstrating the release of many projects which will slow down sales rate. In the past 6 months, there were 233 new projects opened compared to last year with... Continue reading ...
Scientists in Thailand have issued warnings of that the acceleration of bridge expressway construction around the city is creating a greater chance of earthquake damage. They are also warning old building owners to strengthen their buildings’ against earthquakes..
The Engineering Institute of Thailand said that a 6.7 Richter scale earthquake that occurred on 24 March last year with its epicenter in the middle of Myanmar caused vibrations to reach the northern regions of Thailand as well as ... Continue reading ...
Five Ploenchit area entrepreneurs recently joined forces in Bangkok to create the Ploenchit City landmark in what will be a new central business district of the city. When the entire project is complete the area will be bigger than the Silom area, the city’s main business district currently.
Mr. Chart Chirathivat, Managing Director of the Central Embassy Project developed by Central Retail Corporation, announced that it has joined forces with the Nai Lert Park Hotel, Bank of Ayudhya, Unilev... Continue reading ...
Three key real estate policy issues of the new Thai government include reducing the transfer fee, increasing the tax exemption for first home buyers and keeping the interest rate at 0% for five years for first home buyers with a home price of less than 4 million baht. The policies are considered to be good because they follow the basic policy of economic stimulation adopted by the government and receive widespread social support. The trend for real estate in the second half of the year is for... Continue reading ...
There are a number of mixed signals coming from the Bangkok
property market at the current time but the general prognosis is good and if
the current political stability holds for the foreseeable future then the
investment climate will continue to improve.
Some of the mixed signals include increased demand and
rising prices for residential development property in the central business
district and a predicted drop in property values in the city and its suburbs
this year. The demand has been ce... Continue reading ...
| |
