Connect with us

Headline

Thai Condominium Prices show 60 percent increase since 2009

Apichart Chutrakul succeeded in transforming a small family construction business into one of the biggest developers in Thailand. He believes Thai Condominium Prices are still cheap in Thailand, despite a 60% price jump since 2009.

Avatar

Published

on

Sansiri Plc, Thailand’s second-largest property developer by sales, plans to attract Japanese investors to its projects in Bangkok as they search for higher-yielding assets.

Thai Condominium Prices have shown a sixty percent rise since 2009 according to Thailand ‘s Central Bank.

Demand for Thai condominiums is strong despite external factors such as slowing growth in China, according to Uthai Uthaisangsuk, senior executive vice president of Bangkok-based Sansiri.

“I think Japanese love to have yield,” Uthaisangsuk said in an interview in Tokyo this month.

He said his firm plans to boost sales in Japan this year to $10 million from $2 million a year earlier, about 7 percent of its overseas target for the year.

“Thai property offers the chance to appreciate, and while you’re waiting for the appreciation, you’ve got the yield.”

Japanese investors are looking abroad as yields on about 70 percent of government bonds are below zero amid the central bank’s negative interest-rate policy.

Thailand’s GDP grew by 2.8 percent in the quarter ended December, beating the consensus of analysts surveyed by Bloomberg and helping to push up condominium prices.

Thai Condominium Prices edge up 4.9 percent for first quarter in Bangkok’s top locations

The price of condominium units in Bangkok, Nonthaburi and Samut Prakan for the first quarter of this year has increased 4.9 percent compared to the same period last year with the price of mid-range condominium units priced between 80,000-120,000 baht per square metre going up by an average of 5.6 percent.
Thai Condominium Prices have shown a sixty percent rise since 2009 according to Thailand 's Central Bank.

Thai Condominium Prices have shown a sixty percent rise since 2009 according to Thailand ‘s Central Bank.

According to the real estate information centre of the Government Housing Bank, the price of condominium units priced above 120,000 baht per square metre has adjusted up 4.8 percent for the first quarter compared to the same period last year.

The price of condominium units in the range of 50,000-80,000 baht per square metre has increased 4.3 percent.

The top five locations where condominium units have fetched higher prices this year are Sukhumvit, Phaya Thai-Ratchathevi, Nonthaburi, Silom-Sathorn and Bangrak.

However, the price increase rate for the first quarter of this year is still lower than the rate registered in the fourth quarter of last year which averaged 5.1 percent.

The price increase was attributable to the fact that the condominium buildings, especially the upper mid-range, are located in close proximity to mass transit stations.

The price of single houses in Bangkok, Nonthaburi and Samut Prakan for the first quarter increased by an average of 1.7 percent compared to the same period last year.

Source: Thai Developer Sansiri Targets Yield-Starved Japanese Investors – Bloomberg

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

China

Chinese vote 14 Thai tourism favourites

The 2017 People’s Choice Awards Thailand were based on 3.7 million votes cast during a two-week period.

Avatar

Published

on

Tourism Authority of Thailand announced, Tuesday, the top 14 tourist attractions and activities for Chinese tourists visiting Thailand. (more…)

Continue Reading

Banking

Thai baht hits new record high in two years

The Thai baht is one of the best-performing currencies in the region this year, rising about 5% against the dollar.

Olivier Languepin

Published

on

The Thai baht rose to 33.94 baht per USD, a record high in the past two years after the Bank of Thailand (BOT) decided not to take measures to stop the rise of the domestic currency. (more…)

Continue Reading

Education

We’ll Live to 100, but Can We Afford It?

As the quality of healthcare has increased during the past century, so too have global life expectancies – but new generations will pay a high price for living longer.

Avatar

Published

on

The world’s six largest pension systems will have a joint shortfall of $224 trillion by 2050, imperiling the incomes of future generations and setting the industrialized world up for the biggest pension crisis in history. (more…)

Continue Reading

Most Read

Upcoming Events

Nov 06

2nd World Congress on Pediatrics and Child care

November 6 @ 8:00 am - November 7 @ 7:00 pm BMT
Radisson Hotel Narita
Tomisato-shi
Nov 07

3rd World Congress On Gynecology, Obstetrics & Reproductive Health

November 7 @ 9:00 am - November 8 @ 4:00 pm BMT
Nov 11

Digital Marketing Summit Asia 2019

November 11 - November 15

Press Release

Subscribe via Email

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

Join 11,612 other subscribers

Trending