TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Bangkok Property Market on Mend

Category: Real estate, Posted:16 Sep 2009 | 09:54 am

Speaking recently at a Thailand Property Conference in Bangkok I was able to speak to Dan Tantisunthorn who heads research at Jones Lang LaSalle, and was able to update trading in the nations capital. “Despite the global recession and political issues sales prices have continued to rise with prices going up by 1.2% in H1. With reduced demand and cash flow a key consideration though discounting is evident in the market in the range of 5-15%; with some developers offering add on's like free furniture packages, cars or consumer appliances. By the end of 2009 expected completions at 46 projects representing 11,180 units will enter the market.”

“Looking forward large scale increases in supply, poor economic conditions and an increase in purchaser loans from 15-20% is hitting demand. While the Government has proactively stimulated domestic initiatives, buyer sentiment is anticipated to rise for the last half of the year. Back of a stock market rally and positive economic data a number of developers are now teeing up new project launches.”
Additionally Dan pointed out “that the continued property development was changing face as it tracked mass transit extensions and new routes (airport link, BTS, MRT). The short term tax incentives to buyers on mortgage borrowing and transfer fees are slated to expire in March 2010.”
Certainly Bangkok's broader market is set to perform considerably better back of domestic demand while resort markets such as Phuket who rely on overseas buyers will see little relief from the current slump.

Other News

Read more

Outrigger Acquires Luxury Beachfront Resort In Thailand

Category: Hotels, Posted:01 May 2025 | 08:01 am Outrigger Hospitality Group has acquired Zeavola Resort on Koh Phi Phi island. The beachfront property with 63 suites and villas is accessed from Phuket and is near the famed Maya Bay. Plans call for a renovation and reopening by October of this year, with the branding of the property being Outrigger Phi Phi Island Resort. […]
Read more

Sponsorship and Exhibition Opportunities for Being Thailand 2025

Category: Hotels|Tourism, Posted:26 Apr 2025 | 19:50 pm BeingThailand 2025 is more than a wellness event – it’s a thriving community, positioning Thailand as a leading destination in the global wellbeing market. This unique new event is set for 19 May 2025 in Phuket and is a B2B ‘in-person’ experience to make connections,  hear new ideas, see the latest products, and come away […]
Read more

Etro to Launch First Fashion Branded Residences in Thailand in Phuket

Category: Real estate, Posted:09 Apr 2025 | 19:40 pm Etro, the Italian luxury fashion house, is expanding its global presence by introducing its first branded residence in Thailand. This development represents Etro’s second branded residence project worldwide, signaling the brand’s entry into the high-end real estate market. Located in Phuket, a prominent resort destination, the Etro Residences Phuket is poised to cater to international […]
SiaJai logo

Thailand's Leading Homecare Marketplace