Thailand Real Estate News

Banyan Tree Developing Project in Khao Yai Hospitality firm Banyan Tree Group partnered with the owner of a 226-rai plot of land in Khao Yai to develop a 17-billion baht branded residence project. This was to capitalize on the strong post-pandemic demand for second-hand homes. The project will be on…

The Thai real estate news round up for week 40, 2023.

Interest Rate Hike likely to affect the Housing Market According to analysts, interest rates should not rise as doing so would affect the housing market where demand is weakest. Mr. Therdsak Thaveetheeratham, executive vice president for research at Asia Plus Securities, said the Thai economy passed its valley and could…

ISP Group (International School Partnerships) recently acquired BCIS Phuket (Berda Claude International School). PropertyScout Commercial, a leading commercial real estate agency, and M&A advisor, played a crucial role in the process.

This week's Thai real estate news round up.

Developers given warning regarding unsold homes Kasikorn Research Center warned developers to be more mindful of launching new projects. This is due to large amounts of unsold properties, rising costs, and declining population. Challenges affecting the real estate market range from less demand to high interest rates on loans. The…

Sansiri increasing condo transfer target by 15% Sansiri has increased its condo transfer target by 15% to 12 Billion baht by the end of the year. This came as a result of its performance in the past eight months exceeding expectations. Sales of ready-to-move-in units were the biggest contributors to…

Challenges Abound in Implementing Transit-Adjacent Development Developers are having issues with transit-oriented development (TOD). This is due to regulation limits and government agencies not collaborating. The President of the Thai Real Estate Association, Mr. Pornarit Chounchaisit, discussed the problem. He said the land expropriation act makes TOD projects difficult. For…

Developers Seek Government Help for Special Interest Rates for First-Time Homebuyers Property developers are asking the new government for help. They want to give first-time homebuyers special interest rates. Also, developers are also requesting help from the government to provide tax deductions. They are doing this because they want to…

Land Expropriation in Nonthaburi for Skytrain and Road Connections contributes to surge in land prices Nonthaburi’s proximity to Bangkok and adaptable economic boundaries help stimulate its growth. There are plans to connect the existing Northern purple sky train line with the new pink and brown lines. This will make travel…