Prices for all residential types in Bangkok and vicinities surged in the first half due to rising wages and construction material costs, with Bangkok condos priced below 50,000 baht per square meter seeing the highest increases.
The price index for condos priced between 50,000-79,999 baht per sq m rose 7.2%, with the highest increase seen on Ratchadaphisek Road, Chatuchak, Bang Kapi and Rat Burana.
Units priced 80,000 baht and above increased 5.5%, with highest increase in Pathumwan, Ratchathewi, Watthana, Phra Khanong and Sathon districts.
The price index for single houses and townhouses in Greater Bangkok rose 5.1% and 5.9%, respectively. Single houses in Bangkok rose 5.3% while those in Nonthaburi, Pathum Thani and Samut Prakan rose 5%.
Townhouses in Bangkok and the three provinces increased 5.8% and 5.9%, respectively.
REIC started the condo price index survey in the first half of 2010 and that of townhouses and single houses the following year. It uses the price index in the second half of 2009 as the base year for the three housing type.
Published: 12 Jul 2013 at 00.00 Newspaper section Bangkok Post: Business
Conventional property funds expected to thrive despite competition from REITs, which are not as tax-friendly.
Property developers are moving to raise more capital via property funds before real estate investment trusts (REITs), a new fund type with more flexibility, become available in the Thai market next year.
REITs have two main features that make them more attractive than property funds to many investors. First, non-financial institutions can set up and manage the trusts, while only asset management companies can run property funds. As well, REITs can create debt. Continue reading More choices for investors
Ban Lae Suan Fair, Dec 17-25, 9.30am-9pm, at Challenger Hall, Impact Muang Thong Thani.
Your house has been underwater for weeks, and still no ideas about renovation?
Then the forthcoming Ban Lae Suan Fair at Challenger Hall, Impact Muang Thong Thani, from Dec 17-25, is an event you can’t afford to miss.
House renovation is one of the highlights of this annual event, which was postponed from earlier this month due to the floods. Visitors can seek free consultation from experts and obtain manuals on how to protect your house from flooding.
The fair will also feature 10 of the best innovative ideas for home owners. The winning blueprint this year demonstrates how owners of detached houses can make money by turning their outer wall into an outdoor media advertising space.
The 10 finalists, mostly green concepts, also feature new gardening ideas including growing plants inside the house to cool down the temperature and conceal eyesores. Or growing flowers beneath a dish drainer so the water is reused to irrigate the flower pot and the area is kept dry.
Also available will be home decor items, designed to fit limited space.
- Published In Bangkok Post: 23/11/2011 at 12:00 AM
- Newspaper section: Life
Furniture and home furnishings are expected to flourish next year, as people seek to replace old pieces ruined by the floods, driving the industry to grow by up to 10%, or 60 billion baht.
A customer checks out furniture at a fair held in mid-March this year. WISIT THAMNGERN
The local market is also set to reap the benefits from the government’s first-home tax breaks, said Kasikorn Research Center. Continue reading Industry poised for gain