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.
Coworking Space No longer just targeting startups companies
CBRE believes that coworking space operators are not just targeting startups companies but also multinational firms especially those seeking to build more flexibility into their real estate portfolio
Advances in technology, a more mobile workforce, and unpredictable economic growth are starting to reshape the business environment and transform occupiers’ approach to office space decisions.(more…)
How Change in the Workplace is Changing the Bangkok Office Market
Thanks to changes in work styles, technological advancements and space allocation as well as cultural shifts, the workplace has drastically transformed over the past decade.
A lot has changed since fax machines, and boxy cubicles were mainstays in offices around the world. Thanks to changes in work styles, technological advancements and space allocation as well as cultural shifts, the workplace has drastically transformed over the past decade.(more…)
Profound Transformations await Retailers and Developers in Bangkok
The evolving retail landscape and consumers’ changing behaviour has led to the emergence of new retail formats and adoption of new technologies. Traditional retailers are continuously being forced to evolve and invest in digital transformation.
The Creators HQ to penetrate Rangsit area with premium high-rise condominium
The Creators HQ has invested as much as 1.5 billion baht to build a premium condominium under the “Common TU”...
Compliance education is coming to Singapore this July
It is vital for organizations across industries and around the world to adhere to local and international compliance regulations. This...
True Digital Park opens Work Space to ignite future Thai unicorns
Under the concept of ‘One Roof, All Possibilities’, True Digital Park is now ready to ignite startup unicorns and support...