Thailand Real Estate

Thai listed developer Supalai recently revealed its plan to launch 16 new projects in Bangkok and expected to generate THB17 billion (US$ 557 million) in sales this year.

With strong demand for townhouses in the Wongwaen-Bang Khae area, Pruksa Real Estate has introduced a three-storey townhouse development, "Connect Up3 Wongwaen-Bang Khae", worth Bt699m. The project comprises 233 units on 22 rai at a starting price of Bt2.68m per unit.

W Bangkok has been topped off and construction is on schedule for completion mid 2012.

Asia's real-estate investment market saw encouraging growth in the total value of sales transactions in the second half of 2010, thanks primarily to abundant liquidity and the continued inflow of capital, according to global real-estate services firm Colliers International.

Thailand’s largest retailer Central Group recently announced plans to develop a THB13 billion (US$427.4 million) Central Embassy complex on a 9-rai plot of land acquired from the British Embassy.

Bangkok property buyers and investors will be converging on the Thai capital’s Siam Paragon shopping centre for a Luxury Property Showcase.

A reduction in the oversupply of condominiums and decrease in demand has reduced the Bank of Thailand’s (BOT) doubts over a bubble forming in the market. The effects of BOT’s decision to raise the loan to value ratio (LTV) at the start of 2011 are being monitored.

Stocks of built but unsold residential properties are piling up in Bangkok causing developers to change tactics to speed up sales

The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored.

Accor Asia Pacific plans to add 16 new properties to its Thailand portfolio by next year on expectations of continued growth in the country's tourism industry.