Treasury Department To Develop Several Projects In 2018
The Thai Treasury Department is ready to proceed with the development of several property projects on state-owned land next year. These will include all types of projects and altogether they are estimated to be worth THB90 billion.
Continue Reading • 26 Dec 2017
Interest In Phuket Real Estate Picks Up
It is now high season in Phuket and several new property developments are drawing interest to the island’s real estate scene during this busy time.
Continue Reading • 25 Dec 2017
4th Holiday Inn Express Opens In Bangkok
The 4th Holiday Inn Express hotel has been launched by InterContinental Hotels Group (IHG) in Bangkok. It to serve the growing number of medical tourists visiting the Thai capital.
Continue Reading • 25 Dec 2017
BTS Group Considers Buying More European Hotels
BTS Group Holdings Plc wants to acquire another hotel chain in Europe as it looks to increase its global assets. It looks to increase its average annual net profit growth of 25% in the next 5 years.
Continue Reading • 22 Dec 2017
Bangkok Condo Market Hits Record Supply Mark This Year
It was a big year for the condo market in Bangkok with the amount of supply launched hitting a 10-year record high. This trend is predicted to continue next year with a 10% increase in new launches expected.
Continue Reading • 22 Dec 2017
The Cheapest And Most Expensive Land In Thailand Revealed
The Treasury Department is now finished with land appraisals that saw it survey and value 32 million parcels across Thailand. This was done in order to support the implementation of the new land and buildings tax in 2019.
Continue Reading • 21 Dec 2017
Co-Working Creates A Dilemma For Office Building Landlords
Co-working spaces are now popular across the world as both individuals and companies enjoy the freedom they provide. In Thailand, where co-working is still a new trend.
Continue Reading • 21 Dec 2017
Condo Very Popular In Thailand’s Tourist Cities
The condo dominated the market share in 5 major tourism towns accounting for 76% of the market. The cities surveyed were Chiang Mai, Phuket, Pattaya, Hua Hin/Cha-am, and Khao Yai.
Continue Reading • 20 Dec 2017
Land And Buildings Tax Remains On Track
The draft bill for the new land and buildings tax remains on track to pass in the next 2 months, which would allow it to take effect on 1st January 2019 as expected.
Continue Reading • 20 Dec 2017
CPN To Develop 20 Residential Projects By 2022
The retail property development arm of Central Group, Central Pattana Plc (CPN), announced that it will develop a total of 20 residential projects by 2022.
Continue Reading • 19 Dec 2017
Habitat Group Prepares For 2019 IPO
Habitat Group has set it sights on its initial public offering (IPO) which it has scheduled for the 2nd half of 2019. The Thai developer, which focuses mostly on premium property in Pattaya, hopes to raise as much as THB1.5 billion from its.
Continue Reading • 19 Dec 2017
Expensive Detached Housing Hard For Average Buyer To Own
Single detached homes remain one of the most popular residential property types in Bangkok. However, these properties are not realistic for many buyers due to high prices and locations that are far away from the city centre.
Continue Reading • 18 Dec 2017
Newest Hyatt To Open In Bangkok Next Year
The opening of Hyatt Regency Bangkok Sukhumvit is set for the 3rd quarter of next year as the hotel brand looks to capitalise on the tourist high season which takes place around that time.
Continue Reading • 18 Dec 2017
New Mixed-Use Project To Be Launched Near Queen Sirikit Center
TCC Assets has launched The Parq near Queen Sirikit National Convention Center (QSNCC) as it looks to establish this area of Bangkok as a key commercial district. The development will cost THB20 billion to build.
Continue Reading • 15 Dec 2017
Origin Property And IHG Sign Partnership For 3 Hotels
Origin Property Public Company Limited joins forces with InterContinental Hotels Group (IHG) to launch three new hotels in Thonglor and Siracha, worth 7.5 billion baht in total.
Continue Reading • 15 Dec 2017
Banks To Battle Over Home Loans
The Bank of Thailand (BOT) has recorded medium-paced growth in home loans based upon real demand. This has created a higher level of competition among banks for home loans.
Continue Reading • 14 Dec 2017
Yala Airport Expected To Open In 2020
The transport minister laid a foundation stone for the Betong airport in Yala that will cost THB1.9 billion to build. The new airport is expected to open during the first few months of 2020 and the government hopes it improves economic.
Continue Reading • 14 Dec 2017
Raimon Land Launches It 2nd Lofts Development On Sukhumvit
Raimon Land recently launched The Lofts Asoke, a freehold condo development worth more than THB3.1 billion. This will be the company’s 2nd project under its Lofts brand on Sukhumvit Road and will be located near the Asoke BTS station.
Continue Reading • 13 Dec 2017
Bangkok Office Space Remains In Demand
Companies in Bangkok are looking to buy office space as opposed to renting it. This is due to the fact that office rental rates continue to rise and show no sign of stabilising.
Continue Reading • 13 Dec 2017
Going Cashless Could Greatly Benefit Bangkok
Residents, businesses, and the government of Bangkok could receive economic benefits totalling as much as THB126 billion combined by switching from physical money to digital payments.
Continue Reading • 12 Dec 2017