Connect with us

Real Estate

Condominium popular choice for the younger generation

In the past 13 years following the building of the skytrain and the underground, condominium living has become a popular choice for the younger generation.

Boris Sullivan

Published

on

Urbano Absolute Condo

In the past 13 years following the building of the skytrain and the underground, condominium living has become a popular choice for the younger generation. 

Consistent local demand

Today, the condominium market has expanded to include the older generation who traditionally prefer to live in houses. The market has developed from a large single family to one of multiple families with lots of singles and modern couples.

Going forward, we believe the luxury market will continue to grow on the back of increased demand from affluent Thais, both for personal use and as an investment. However, the entry-and mid-level markets may face a slowdown in demand due to the impact of the rising cost of living, affecting what buyers can afford. The luxury market, while insulated from most economic concerns, will be impacted to a certain extent by politics.

Renewed foreign demand

Bangkok at its most expensive is significantly cheaper than other key Asian markets. This has produced a discernible trend in foreigners buying both for investment and as second home lifestyle residences in the heart of Bangkok, at a quarter of the price of Hong Kong and Singapore.

The Bangkok property market has seen renewed interests from foreign investors which today account for 22% of buyers as of the third quarter of 2013. The proportion of foreign investors in Thailand has gradually grown from 15% in 2009. Recently, we have also seen new groups of foreign buyers, such as the Japanese and the Chinese emerging in the Bangkok market.

As the formation of the Asean Economic Community (AEC) approaches, Thailand’s economy has also been one of the most highlighted in the region given its strategic location and growth potential. However, Thailand’s political stalemate will have an impact on foreign demand where purchasers are likely to slow down and wait for the situation to be resolved.

via New year to usher in condominium demand | Bangkok Post: news.

Comments

Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Daniel Lorenzzo

Published

on

Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

(more…)
Continue Reading

Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Daniel Lorenzzo

Published

on

iStock-1135535759.jpg
Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

(more…)
Continue Reading

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending