Weekly Thai Real Estate News Roundup, Week 18, 2023

Debut of Sri Racha Space: A Thrilling Mixed-Use Tourist Attraction Unveiled

Sri Racha, Chonburi is set to welcome an exciting new tourist attraction, Sri Racha Space, brought to you by DMK Avenue and Sadamichi Teraguchi's founder Panitan Samee. Spanning an impressive 17,000 square meters, this upcoming hotspot promises to cater to every shopper's desires, boasting an array of stores ranging from fashion to electronics, alongside a myriad of dining options. But that's not all – Sri Racha Space will also house a contemporary co-working space, conveniently accompanied by a nearby pharmacy and fruit-vending areas. As anticipation builds, locals and tourists alike are eagerly anticipating the grand opening of Sri Racha Space, the ultimate destination for retail and leisure enthusiasts.

For More Information: https://www.thansettakij.com/real-estate/564060

3.5% Surge in House Building Expenses

The Real Estate Information Center (REIC) has reported a noteworthy 3.5% increase in prices for sanitary ware, causing a surge in the standard house construction price index for 2023. This spike has been attributed to the rising costs of fuel. Acting director-general of REIC, Vichai Viratkapan, provided further insight, revealing that sanitary ware experienced the most significant price hike in the first quarter of 2023, with a staggering 13.2% year-on-year increase. Following closely behind sanitary ware are wood and steel products, making significant contributions to the overall rise in house construction prices.

For More Information: https://www.bangkokpost.com/property/2563781/home-building-costs-up-3-5-

MQDC Unveils The Aspen Tree: A Groundbreaking Initiative Catering to the Needs of the Elderly

Leading property developer Magnolia Quality Development Corporation Co., Ltd (MQDC) has recently introduced an innovative condominium project called The Aspen Tree, specifically designed to address the unique needs and requirements of the elderly population. Nestled within the expansive 398 rai area of The Forestias Project on Bangna-Trad road, The Aspen Tree aims to provide a worry-free and healthy living environment for its residents. Offering a comprehensive lifetime care service, elderly residents who complete a single ownership transaction will receive health insurance coverage until the remarkable age of 99. Additionally, the project provides round-the-clock care services, weekly maid services, breakfast, customized food options for specific nutritional preferences, a well-appointed cafeteria, and a fitness program. Moreover, The Aspen Tree also houses a dedicated Health & Brain Center, featuring specialized medical services to further enhance the well-being of its elderly residents.

For More Information: https://www.prachachat.net/property/news-1275890

Chinese Buyers Flock to Properties near International Schools, Sparking Surge in Investments

Amidst the post-pandemic reopening of China and the relaxation of long-standing preventive measures, Thailand has witnessed a consistent surge in property investments from Chinese buyers, as reported by Natthaporn Khlanruangsaeng, the Chief Operating Officer of Real Estate Development Co., Ltd. Chinese parents, in particular, are keen on investing in properties near specific international schools located in the highly sought-after areas of Ratchadapisek and Bangna. These areas boast a plethora of renowned international schools such as ICS, Saint Andrew's, and Concordian International Schools, providing convenience for families. The notable trend reveals that Chinese buyers prioritize proximity to their children's schools over other amenities like hospitals or public transportation systems, underlining the significance they place on their children's education and daily routines.

For More Information: https://www.bangkokbiznews.com/property/1066156