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.
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.
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns
We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.(more…)
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.(more…)
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by...
Is remote leadership part of the new normal?
With 77% of adults reporting that they would be willing to learn new skills now, or completely retrain, to improve...
Supporting disadvantaged women key to achieving SDGs in ASEAN
The study, which holds a gender lens up to each of the SDGs of the 2030 Agenda, confirms that when...
EEC Expects 300-billion-baht Investment This Year
BANGKOK (NNT) – The Eastern Economic Corridor (EEC) has expected investment to triple to 300 billion baht this year as...
Commerce Ministry sets Thailand’s export growth target at 4% for 2021
BANGKOK (NNT) – Thailand has seen export growth of 0.35 percent in the first month of the year. The Commerce...
Has Covid-19 prompted the Belt and Road Initiative to go green?
– Covid-19 led to a slowdown in BRI projects– Chinese overseas investment dropped off in 2020– Government remains committed to the wide-ranging infrastructure...
Subscribe via Email
National6 days ago
Thailand to further ease COVID-19 restrictions
Business6 days ago
THAI airways to sell training center building to raise more funding
Economics3 days ago
1.7 million Thais without smartphones register for "Rao Chana" benefits
Health1 week ago
200,000 doses of COVID-19 vaccine Distributed to 13 Thai provinces