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Bangkok condo market jumps 35% in Q1

Bangkok’s property market enjoyed a 35 per cent jump in the number of condominium units released in Bangkok from the year-earlier period

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Bangkok’s property market enjoyed strong growth in the first quarter of this year, led by a 35 per cent jump in the number of condominium units released in Bangkok from the year-earlier period.

Some 14,600 units were added to the market in the capital for the quarter, said Surachet Kongchepp, a property market researcher with Surachet’s research showing that up to 66 per cent of the condominium launches are near mass transit systems.

This was especially evident in the area from Rama 9 Road to Huay Khwang, which saw 4,400 units released over the three months, he said. Up to 55 per cent of the units released in the period were sold, Surachet added.

Meanwhile, listed property companies have said their presales in the first quarter came in better than the numbers for the same period of last year. AP (Thailand) booked presales of Bt10 billion for the quarter, up 168 per cent from the same period of last year.

Of this take, up to 64 per cent – or Bt5.2 billion – came from low-rise residential projects, with Bt4.8 billion from condominium projects.

The company has reached 30 per cent of its projected presales target of Bt33.5 billion for the year, the company’s chief executive officer Anuphong Assavabhokhin said recently.

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Real Estate

Asia Pacific to outperform other regions in 2020 for real estate investment

Investment in Asia Pacific real estate has reached US$125 billion in the first three quarters of 2019, up 10 per cent year-on-year, and is set for another strong year in 2020, says JLL.

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According to the real estate consultancy, foreign investments into Asia Pacific are at a decade-high, making up 35 per cent of total volumes, mostly driven by private equity funds and large-scale transactions.

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Asia Pacific REITs raise a record amount of US$14 billion in 2019

REITs in APAC have raised over US$14 billion so far in 2019, surpassing the previous record of US$13.8 billion in 2013, according to JLL data.

Bahar Karaman

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Real Estate Investment Trusts (REITs) in the Asia Pacific region have raised a record amount of capital this year, as investors sought more defensive, yield-based stocks amid growing global economic and political uncertainty.

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Real Estate

Land and Property Tax Forces Site Owners to Consider Options

The new Land and Property Tax, which will be effective from January 2020 onward, is another challenge for the Thai property market.

CBRE Thailand

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The new Land and Property Tax which will be effective from January 2020 onward, is another challenge for the Thai property market. 

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