Tax incentives for first-time home buyers will be submitted for the Cabinet’s approval today, Finance Minister Thirachai Phuvanatnaranubala said yesterday. He said the tax package would be expanded to cover homes priced up to Bt5 million, instead of Bt3 million as previously planned, because the government wanted to provide tax incentives for those seeking homes […]
Tag Archives | Bangkok Condos
Rising construction prices and uncertainty over the government’s housing policy may affect the real estate sector significantly worry property developers. Thailand’s business outlook is generally bright due to high consumer confidence in the second half and the real estate sector will remain active as developers launch a number of new projects, but Therdsak Theveeteeratham, a […]
Real-estate firm points to increased land, construction, labour costs Real-estate services firm Jones Lang LaSalle believes that prices for top-end condominium units in Bangkok will rise further, despite strong competition. This is because developers are well capitalised and remain confident that rising development costs and product quality justify the higher prices. Although foreign interest has […]
While the luxury real-estate market in Bangkok has fallen for the second quarter of this year due to the global market turmoil, the recent extension of the Thai capital’s skytrain lines is opening new investment options for expats. The market jitters and fears of a looming ‘double dip’ have fueled a trend to ditch the […]
Bangkok has a new city plan designed to make the capital more liveable with a smoother traffic flow and faster fire response. However, developers are uneasy with some of the changes, which they complain will force low- and middle-income earners to live outside the city. The main disagreement voiced by some members of the Housing […]
The youth of Bangkok have a preference for living in condominiums over other types of residential developments, and are willing to dip into their pockets to hand over up to THB2 million per unit, according to a survey by Plus Property Co. The research revealed that condominiums were in demand for 19-26 year olds, but […]
The National Housing Authority (NHA) will propose in the coming weeks that the Social Development and Human Security Ministry expand the Baan Ua-Athorn low-income housing scheme’s target from 285,000 to between 385,000 and 485,000 units. The request supports the new government’s policy to provide housing for poor people nationwide, NHA governor Vitoon Chaisakul said after […]
Of all the real estate agents I have met over the years, Alastair Hughes, Jones Lang LaSalle’s CEO for Asia-Pacific, appears the most forthright and best informed about fast changing events reshaping global markets. Confessing that “even the experts have difficulty in predicting what would happen in the next six months”, he fears that that […]
While stock markets the world over continue their bearish ways, real estate is becoming an increasingly attractive form of investment. In Asia, the market has seen major growth recently, and industry experts anticipate the expansion to continue into the future, according to Property Wire.
Six-figure homes will sell like hotcakes after the Bt15,000 salary policy is implemented.”This will create a new market for residential projects priced up to Bt1 million,” Opas Sripayak, managing director of LPN Development, said yesterday.