by Daryl Lum | Jun 10, 2021 | News
According to data gathered by Juwai IQI, a pan-Asian real estate sales and media group based in Kuala Lumpur, Chinese residential buying interest rebounded over the past two quarters. This is after four quarters of double-digit declines. Chinese buyer inquiries for Thai property increased by about 38% in the first quarter of 2021.
“The long-term outlook is this: Bargain-hunters are buying now. The boom starts when travel reopens,” said Georg Chmiel, co-founder and executive chairman of Juwai IQI Group.
“For Chinese buyers, Thailand right now represents an opportunity. Not everyone is brave enough to purchase in such uncertain times, but there are many forward-looking Chinese property buyers who are. They are buying investments, second homes and even future primary residences in Thailand.”
Total sales to Chinese buyers dropped by half in 2020 when compared to 2019. The main reason was because of the restrictions on travel. As the Chinese could not come over to Thailand, the interest in Bangkok properties slumped accordingly. As foreign buyers of Thai properties tend to focus on luxury properties, few buyers are willing to make a decision for such large purchases without coming to visit the property.
However, with the anticipated easing of restrictions on international travel, the interest in Bangkok properties should return. This is especially so when you consider that the Chinese economy is recovering very quickly. The Chinese consumers will have excess savings and they are expected to invest in real estate. The resumption of international travel would depend heavily on the pace of vaccination in Thailand and the quarantine arrangements. There is already much talk of easing some of these measures once a large proportion of the country has been vaccinated.
by Daryl Lum | Apr 7, 2021 | News
Deputy Prime Minister and Health Minister Anutin Charnvirakul gave a Covid-19 statement on Monday. He described a situation reaching critical level with an almost 50% positivity rate in the nightclub clusters around Bangkok.
The Thai Health Ministry is planning to impose measures to stop the spread of Covid-19, after new clusters of infections were found at night-entertainment places. These measures may include closing clubs in areas that have reported new infections.
This is similar to the outbreaks that occurred last year, when many patrons and workers at bars and entertainment centres also tested positive for Covid-19. There were 194 reported cases on Monday, about a quarter cases happening in the capital.
Thailand has lifted most of the strictest measures. The latest clusters will force the government to reimpose some curbs, ahead of the peak travel period during the upcoming celebrations for Thai New Year holiday, the Songkran Festival. Tightening measures have also happened to other countries such as France, India and the Philippines.
The measures being proposed to the Centre for Covid-19 Situation Administration subcommittee are that all restaurants, bars and nightclubs in Bangkok and four neighboring provinces to close by 9pm and no sales of alcoholic beverages. The duration will be for 2 weeks.
Yours sincerely,
The investment editorial team from Invest Bangkok Property.
by Daryl Lum | Nov 24, 2020 | News
Thailand will open up a 2-year window for foreign buyers looking to purchase a property in Thailand to obtain its Easy Access Visa for free or at a discount. The Thai government approved the new package in early November.
Foreign buyers who purchase one or several condominium units worth at least THB 10 million will receive a 5-year residence visa worth THB 500,000 for free or at a discounted rate.
The Easy Access Visa will entitle members to perks like VIP guide at the airport, fast track immigration and passport control, free limousine transport from the airport to a hotel or place of residence 24 times a year.
Somchai Soongswang, president of Thailand Privilege Card, mentioned that the program should be launched by the 1st quarter of 2021. The program will run for 2 years and the property purchased must be ready to move in and not under construction.
Yours sincerely,
The editorial team at Invest Bangkok Property
by Daryl Lum | Nov 8, 2020 | Featured Under Construction Projects, SC Projects
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The Crest Park Residences by SC Asset
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The Crest Park Residences by SC Asset
The Crest Park Residences is a condominium project, developed by SC Asset. The condominium is located close to the Phahon Yothin MRT Station and Ha Yaek Lat Phrao BTS Station. It is located close to Chatuchak Park and in close proximity to Bang Sue Grand Station. It is a luxury freehold condominium by one of the most established developers in Bangkok, SC Asset.
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The Crest Park Residences Location Map
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by Daryl Lum | Oct 20, 2020 | Featured Under Construction Projects, Other Developers
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Groove MUSE Ratchada 7 by Divine Development
[/fusion_text][fusion_imageframe image_id=”5098|full” max_width=”” sticky_max_width=”” style_type=”none” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://investbangkokproperty.com/wp-content/uploads/2020/08/groove-muse-ratchada-7.png[/fusion_imageframe][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]
Metris Ladprao by Major Development
Groove MUSE Ratchada 7 is the latest new condominium development from Divine Development in one of Bangkok’s most popular neighbourhoods, Asoke-Rama 9 also known as Bangkok’s New CBD. Divine Development is a relatively new boutique developer but has already enjoyed sell-out success in recent projects including Groove SCAPE Ladprao 48 and Groove Ratchada-Rama 9. Groove MUSE Ratchada 7 is due to launch in January 2021 and Richmont’s Thailand have exclusive access to special pre-launch prices and promotions for early-bird buyers.
Due to complete in Q3 2022, Groove MUSE Ratchada 7 comprises 201 freehold condominium units in a low rise (8-Floors) building with a ratio of 42% car parking spaces (84 spots) in a state-of-the-art automated car parking system.
Groove MUSE Ratchada 7 is constructed on a spacious piece of land of 1-0-32 Rai (1,728 sq.m) conveniently positioned just behind The Street and Big C shopping centres on Ratchadapisek Road.
The concept behind Groove MUSE Ratchada 7 is ‘Modernism Art’ appealing to a younger demographic, with the windows and façade designed with curves and lines inspired by the Modernism Era. The building also has specially integrated ‘fins’ on the façade to add privacy for residents and maximize indirect light.
Facilities at Groove MUSE Ratchada 7 are extensive and include smart lockers, a Living Lounge and a Café Lounge on the ground floor, Working Pods, a Private Office, a Conference Room and a Gallery Walk on the second floor, a Fitness Club and Dance Studio on the 7th floor and a rooftop Swimming Pool, a Sun Deck, a Day Bed Area, a Roof Garden and a BBQ area on the top floor.
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Groove Muse Ratchada 7 Location Map
[/fusion_text][fusion_imageframe image_id=”5099|full” max_width=”” sticky_max_width=”” style_type=”none” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align_medium=”none” align_small=”none” align=”none” margin_top=”” margin_right=”” margin_bottom=”” margin_left=”” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://investbangkokproperty.com/wp-content/uploads/2020/10/groove-muse-ratchada-7-location-map.png[/fusion_imageframe][/fusion_builder_column][fusion_builder_column type=”1_2″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”true” border_sizes_top=”0″ border_sizes_bottom=”0″ border_sizes_left=”0″ border_sizes_right=”0″ first=”false” type=”1_2″][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”30px” bottom_margin=”30px” border_size=”” icon=”” icon_size=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]
Contact us for the updated availability list, pricing and latest discounts
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Visit the Groove Muse Ratchada 7 Facebook Page:
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