Many developers are now reselling units that were originally booked and down payments paid but because prospective customers could not secure bank loans due to the LTV measures in place, many of these units were taken back. Around 40 percent of prospective buyers were affected and some did manage to get back their down payments while many lost them.
For homebuyers looking for lucrat...
Leading property developer, Noble Development Public Company Limited (Noble), initiated its Pre-Launch Phase of NUE NOBLE SRINAKARIN – LASALLE, its newest high-rise condominium with a starting price at Bt 1.59 million, and was met with tremendous success as it clinched more than 525 million baht or almost 25% sales in overseas markets in less than one month.
The project is situated in a p...
Many developers are crying foul with the government’s loan-to- value (LTV) that was imposed this year coupled with the worsening domestic economy.
With consumer confidence down, and banks not lending to prospective buyers, the market is literally stagnant if not on a downhill trend.
The strong baht and also the inpending global recession is also driving foreign buyers away and immigration...
Due to economic hardships and the bad economy in Thailand, and despite whatever is being said, local banks are not helping out with any kinds of loans in truth, and man Thai owners are these days turning to so called legalized loan sharks known as “Kai Fak” in which is becoming a worrying trend.
Most of these “Kai Fak” businesses are owned by politicians, top government ...
Real estate consultants are predicting that the condominium market in the upper Sukhumvit area is and will be experiencing a slowdown both in terms of supply and demand for the next 24 months till end of 2021, with developers launching less projects in line with market conditions.
Research data show that the supply of condominiums in the Phra Khanong-Onnuch-Punnawithi-Udomsuk area amounted ...
After an extremely well received and completely sell out of its first condo project in Khaoyai, property developer, Blue Hills Khao Yai is launching a second condo project in the same vicinity but this time its targeting an even higher class of customers with its villa condomium concept tha features luxury loft style condominiums that gives a feel of villa living.
The Akas Villa Khaoyai, ...
The On Nut district can be called as one of the most popular residential districts in Bangkok, Thailand, it's just 2 BTS skytrain stops from Ekkamai – Thong Lo BTS stations and it is the area that CHAMBERS ON NUT STATION,a new unique 8 floors condominium with 3 buildings developed by SC Asset is situated and becoming the newest "ready to move-in" condominium that everybod...
Leading Thailand property developer Magnolia Quality Development Corporation (MQDC) and the International Well Building Institute (IWBI) has entered into legal agreement ie a letter of intention (LOI) under which the Bangkok-based property developer will aim to achieve the Well Building Standard certification in future projects. This is to uplift its image among the rest of the property developers...
According to a Colliers International Thailand survey that was just recently completed,there has been a sharp decline in the number of new condominium projects in the first nine months of 2019. The slowing of the global economy, trade wars and also political issues were all partially responsible for this.
The recent survey said 71 condo projects were launched in the Bangkok area with the 29,132...
