Real Estate

Real Estate sales in Bangkok’s Central Businees area down 50%

Published

9 years ago

June 16, 2010

Daniel Lorenzzo

The real estate business in Ratchprasong area (central Business and upscale Shopping district of Bangkok) has slumped by over 50% in the past few months due to the recent political rally in the capital of Thailand, according to the Real Estate Information Center (REIC)

Real Estate Information Center Director-General Samma Kitsin revealed that the condominiums situated within the one-kilometer radius of the commercial district of Ratchaprasong had been severely affected by the recent UDD rally since April. Many companies have to relocate their sale offices while others have to offer special discounts and promotion packages to customers in order to sell out the remaining units.

On the big picture, condos in Ratchaprasong are likely to face difficulty in development due to the political factor that hinders customers’ decision and the rising building cost | Picture : Camilla Davidsson

The sale figures in April in the downtown Bangkok district plunged more than 50%. Some projects had absolute zero sales during the period because no one could enter the area.

via Real Estate sales at Ratchaprasong plunges 50% due to recent rally : National News Bureau of Thailand.

Real Estate

Condominium Developers Diversify into Recurring Income Properties

A slowdown in the condominium market has encouraged major residential developers to consider diversifying their portfolio into other property sectors such as office, hotel, and serviced apartment.

Published

19 hours ago

October 21, 2019

Daniel Lorenzzo

The recent restrictive measures from the Bank of Thailand (BOT) have continued to cast a shadow over Bangkok’s condominium market since the beginning of this year.

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Ecommerce

Retail in the age of social media

E-commerce is becoming easier and faster, making it increasingly popular. Recently, Instagram introduced a shopping feature that allows users to purchase products within the app.

Published

3 weeks ago

September 27, 2019

Headline Editor

Social media is transforming retail and expanding the e-commerce world. It goes without saying that the presence of social media in any retail store is critical to its marketing and sales reach.

(more…)

Property

Record low sales rate hits Bangkok condo market

Bangkok hit a decade-long record for new condos entering the market, with 65,000 new units launched throughout 2018, but the sales rate fell to a 15.7% record low.

Published

1 month ago

September 13, 2019

Olivier Languepin

The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill.

(more…)