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Almost 500,000 units for sale in Bangkok (Government Housing Bank)

In Bangkok and its vicinity 1,597 projects, almost 500,000 units, were for sale during the second half of 2018, an increase of 7.7 percent from the same period in 2017.

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For housing in Bangkok and its vicinity, those who want to buy a house should be able to smile this year due to many house and condominium promotions.

According to information from the Government Housing Bank (GHB), there are nearly 1,600 residential projects in Bangkok and its vicinity which have not been sold up.

500,000 units for sale in Bangkok

Mr. Wichai Wiratkaphan, Acting Director of Real Estate Information Center, GHB, said the survey on the supply of and demand for residential projects that are being sold during the second half of 2018 in Bangkok and its vicinity found that there were 1,597 projects, almost 500,000 units, under sale, an increase of 7.7 percent from the same period in 2017.

They are mostly in a group of housing and condominium projects.

This reflects that the real estate business in 2018 has obviously recovered thanks to the government’s economic stimulus measures, competition in housing loans of financial institutions and supporting factors from economic growth.

The ownerships of over 360,000 units, worth over eight billion baht, were transferred throughout the country in 2018.

However, the outlook of the real estate business across the country in 2019 is likely to shrink slightly to wait for the new government’s economic policy and clarity of the economic condition in the country.

Demand for housing has decreased

This is a sign that the demand for housing has decreased. The demand for residential projects, both houses and condominiums, launched during the past 1-2 years, under sale and construction is still relatively high.

Therefore, real estate entrepreneurs need to focus on the existing supply of and demand for the housing market before adjusting their business plan. But on the other hand, it is considered good for those who wish to own a house as they will be able to choose more diverse homes and condos in terms of both price and location. It is expected that the number of transfers of housing ownership in 2019 will be reduced by 7.7 percent.

National News Bureau Of Thailand

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Tourism

Advance booking for Thailand national park visits extended to 60 days

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94e28767 advance booking for thailand national park visits extended to 60

Bangkok, 23 November, 2021 – The Tourism Authority of Thailand (TAT) would like to advise that tourists can now preregister for visiting national parks in Thailand up to 60 days in advance via the mobile application QueQ, from the previous 15-day advance limit.

The Department of National Parks, Wildlife and Plant Conservation (DNP) instigated the change as of 22 November, 2021, to better facilitate visitors in their travel planning. For those who want to book accommodation in the parks, there is already advance preregistration required of up to 60 days.

The QueQ app can be downloaded from Play Store or App Store.

As well as helping visitors plan their travels, the advance booking system allows park officials to limit the number of visitors to each park.

There is a total of 155 national parks nationwide. At present, nearly all of Thailand’s national parks have reopened in the Central, Eastern, Northern, Northeastern and Southern regions, following temporary closure due to COVID-19 measures and the annual rainy season closure.

The latest to reopen was Doi Inthanon National Park in Chiang Mai on 10 November, 2021; home to the country’s highest peak the 2,565-metre Doi Inthanon, this park 90 minutes’ drive from Chiang Mai city is a popular place for viewing the so-called ‘sea of mist’ foggy morning weather of the current cooler months.

A list of the opening status of national parks can be seen at the National Park’s Office via this link, or its Facebook page: National Parks of Thailand. The TAT Newsroom (www.tatnews.org) is also providing a regular update on the latest opening and closing status of Thailand’s national parks.

When visiting national parks, tourists are advised to arrive at the park ahead of their preregistered schedule for screening and checking in with the government’s Thai Chana app. It is also important they observe social distancing rules and wear a face mask at all times while in national parks.

They are also advised to abide by the D-M-H-T-T-A precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, T – Testing for COVID-19, and A – alert application.

Visitors to national parks are also asked to respect the natural environment and not litter, and to bear in mind that there is a ban on single-use plastic; such as, cups and eating utensils in national parks nationwide.

The post Advance booking for Thailand national park visits extended to 60 days appeared first on TAT Newsroom.

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Asean

China Sustains Huge Ecommerce Development Investment Flows into ASEAN

What Asia Investment Research showed us that there were China outbound investments into several ASEAN markets, led by Singapore, and followed by Indonesia, Malaysia, Thailand, and the Philippines. Collectively, these markets saw circa 30 investments n Q3, or about 15 percent of total Chinese outbound volume. 

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ASEAN Inbound Investments from China show strong trends in developing digital trade infrastructure.

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