Delay of Orange Line Affects Condominium Project
The postponed opening of the Orange Line, which will connect the Thailand Cultural Centre and Min Buri, has impacted the development and launch of retail and commercial properties; however, demand…
Price index for condos and low-rise houses on the rise in the second quarter
The price index of new condos and low-rise houses being offered for sale in Greater Bangkok increased for the sixth quarter in a row in the second quarter, mainly due…
Property regulations could mirror Singapore’s approach
A property research firm recommends that the government prioritize ensuring that Thai citizens can afford homes and proposes limiting areas for expanding foreign condo ownership to specific zones, even within…
Borderless Buyers
Last month, the cabinet revisited the contentious issue of implementing more favorable residential property measures for foreign purchasers. Despite a previous government’s similar attempts, the initiative was eventually retracted due…
Julapun stands by new real estate suggestions
Deputy Finance Minister Julapun Amornvivat defends the proposed measure allowing foreigners to buy real estate in Thailand, stating that it will have a positive impact on the local economy. Julapun…
Limited Impact Expected from Increasing Foreign Ownership Quota
An analyst stated that increasing the foreign ownership quota for condos to 75% is unlikely to have a significant impact on the Thai property market or economy, as very few…
Review Underway for Foreign Ownership Cap in Condominiums
The government will study the feasibility of raising the level of foreign ownership allowed in condominiums from 49% of a building’s usable space to 75%, according to Deputy Prime Minister…
Adapting to Decreased Transfer Activity: How Developers are Responding
In the first quarter of 2024, there was a significant 19.7% drop in nationwide land allocation permits, marking the largest decline in nine quarters. This adjustment came as developers responded…
Impact of enforcement measures on condominium sales
Potential Decrease in Condo Transfers Prompted by Myanmar’s Crackdown on Thai Purchases Thailand’s Condominium Association has highlighted concerns over the impact of enforcement measures on condominium sales, especially stemming from…
Plus Property Aims for Ambitious Revenue Target by 2024
Plus Property Co Ltd (PLUS) is reinforcing its position as a leading provider of professional property and facility management services. With a focus on growth and quality maintenance, the company…