Foreign interest drives the launch of luxury condominiums.
At least four luxury and super-luxury condominium projects are set to launch in central Bangkok from next month through mid-2025, motivated by a limited supply this year and robust demand…
Additional Property Stimulus May Be Coming Soon
The stimulus committee is set to convene later this month to discuss additional measures, including those aimed at the real estate sector, according to Deputy Finance Minister Paopoom Rojanasakul. Mr.…
Mortgage Rejection Rates Impact Condo Developments
The high mortgage rejection rate in the first quarter of 2024 has prompted condo developers to halt new launches in Greater Bangkok during the second quarter, which may result in…
Developer Advocates for Diverse Mortgage Options
The government is being urged to introduce 20-year fixed-rate mortgages to assist low-income individuals in securing loans, helping to overcome a significant hurdle for many Thais aspiring to homeownership. Kessara…
Thai Household Debt Reaches All-Time High
Average household debt in Thailand has reached a record high, driven by slow economic growth, reduced incomes, and rising living costs, resulting in difficulties for people in servicing their loans,…
Mortgage Default Rate Increases
Lower-income homebuyers have faced difficulties in repaying their mortgages amid rising interest rates, resulting in a notable increase in non-performing loans (NPLs) in the housing sector during the second quarter…
Pruksa Reduces Value of New Developments by 2 Billion Baht
The company has called on the incoming prime minister and cabinet to sustain economic stimulus initiatives. Uten Lohachitpitaks, the group chief executive of Pruksa, expressed concerns about Thailand’s economic situation,…
Increased foreign ownership might lead to a rise in illegal hotels.
Hotel operators are expressing concerns regarding proposed changes to foreign ownership regulations for real estate, fearing that these alterations could lead to a resurgence of illegal hotels in Thailand. The…
Mortgage Rejection Rates Expected to Remain High
Mortgage applications for homes priced below 3 million baht are expected to continue experiencing higher rejection rates over the next two years due to a slowdown in the residential market.…
Condo Launches Expected to Underperform Projections
New condo launches in Greater Bangkok for this year are anticipated to fall short of expectations, primarily due to weak demand stemming from an economic slowdown, as reported by consulting…