Condo for rent in Bangkok at เมโทร พาร์ค สาทร,
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 [...]
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The Treasury Department is preparing to announce an average increase of 20% in land valuations nationwide but it has not yet taken the impact from current flooding into account, says director-general Naris Chaiyasoot. However, officials suggested the floods may give property developers an opportunity to buy land at lower cost in some areas where owners [...]
| With about 150,000 houses from more than 1,000 projects in Greater Bangkok and Ayutthaya damaged by flooding, transfers this year will decline by 20%, says the Real Estate Information Center. Most of the flood-damaged homes are on Phetkasem Road, Bang Kae, Nakhon Pathom and Samut Sakhon. In older projects, the ground level is often lower [...]
| Prices of land and other property in flooded areas will drop in the next couple of years, while home purchasing sentiment will take at least six months to return to normal, says the property consultant Colliers International Thailand. Managing director Patima Jeerapaet said the next two or three years will be a golden opportunity for [...]
| Developers look to build reputations The current flood is testing how well developers and property companies take care of customers, which can affect their reputations and influence future customers. Sopon Pornchokchai, president of the property consultant Agency for Real Estate Affairs, said housing developers should offer good service and financial support to build brand awareness.
| Despite renewed concerns about the state of the global economy and the euro-zone debt crisis, Bangkok residential yields remain firm with gross yield average at 5.9%, says property consulting firm CB Richard Ellis. Over the last six quarters, downtown Bangkok condominiums have consistently provided an average yield within a narrow band of 5% to 6%. [...]
| The housing market is slowing down amid the widening flood emergency as developers try to ward off potential damage to their project sites. Opas Sripayak, the managing director of condominium developer L.P.N. Development Plc, said both home purchases and new project launches have slowed since widespread flooding began affecting vast swathes of Thailand.
| Bangkok Mass Transit System (BTSC), the skytrain operator and part of the SET-listed BTS Group Holdings, has revised up this year’s revenue and passenger growth forecasts to 20% thanks to the new On Nut-Bearing service and plans to add more four-car trains. The company will pay 1.5 billion baht for five more four-car trains from [...]
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