Real Estate
Townhouses dominate new market launches
Townhouses dominated new housing launches in October, which totalled 31 projects and 5,192 units in all classes worth a combined 23.549 billion baht, up 14% from September, according to Agency for Real Estate Affairs.
New townhouses launched last month were 2,221 units or 42.8% of the total, followed by 1,591 single houses or 30.6%, and 1,103 condominium units or 21.2%.
The average price per unit in October was 4.536 million baht as 70% of new units were priced below 3 million baht.
via Townhouses making a market comeback.
Lifestyle
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)Property
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
(more…)
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