by kevinyeo | Jul 31, 2020 | News
There has been a sharp decline in the number of new condominium projects in Bangkok in the second quarter of 2020, according to a Colliers International Thailand survey.
The survey said only five projects were launched in the Bangkok area, offering 1,206 condo units worth Bt2.6 billion, 79.5 percent lesser than the 4,674 units in the previous quarter. The net supply of condo units in Bangkok in the first six months of 2020 was only 7,086, 61.9 percent lower than the 11,499 units in the same period last year.
The survey also revealed that the investment value in the condo market in the second quarter also dropped by Bt13.62 billion year on year. It estimated that the total condo supply in 2020 might not exceed 25,000 units, which could be the lowest in the last 10 years.
Colliers International said the reason behind this trend is that major developers are reducing the construction of new condominiums and switching to horizontal projects in rural areas, especially in the Eastern Economic Corridor.
“Many companies also revealed that they will not introduce new projects this year in order to dispose of unsold units in finished condo projects,” said the company.
“Furthermore, the current economic recession due to the impact of the Covid-19 outbreak is not a suitable moment to debut a new project.”
Source: The Nation Thailand 4th July 2020
by kevinyeo | Jul 22, 2020 | Questions and Answers
Question: Can I Will My Uncompleted Property?
You do not yet own the Bangkok condominium when the property is not yet completed. The property is held under a master title until it is completed and the developer has applied to the land department for individual condominium titles for the owners. You can only make a will on the property title deed thus you will need to first wait for the property to be completed and title handed over to you.
Got a question? Reach us at [email protected] / [email protected]
by kevinyeo | Jul 21, 2020 | Questions and Answers
Questions: Are The Local Thais Buying Properties For Investment In Bangkok?
Answer: Yes. The local Thais do buy properties for investment in Bangkok. There are many wealthy Thais who park their wealth in properties as a hedge against inflation. In some high-end condominiums, you might be surprised that more than half of the owners are actually the Thais, contrary to popular belief that the high-end condominiums in Bangkok are all being bought by the rich Chinese.
Got a question? Reach us at [email protected] / [email protected]
by kevinyeo | May 30, 2020 | Announcements and Deals
This video is especially for those of you have bought XT Ekkamai. This may apply to you also if you are thinking of picking up one of the balance units left at XT Ekkamai.
XT Ekkamai by Sansiri is due for completion sometime end 2020. This may or may not be delayed depending on the Covid 19 lock down world wide.
Sansiri is currently running a promotion campaign whereby buyers who opt to make payment early on their balance will be granted a discount on the early payment made. This discount varies from 8% to 12%.
There is a time limit on this promotion so if you are a XT Ekkamai owner who wish to take advantage of this discount, please do get in touch with Sansiri or for those who have purchased the property through us, you may get in touch with us as well. We will be happy to assist.
by kevinyeo | May 26, 2020 | Announcements and Deals, Reviews
The Line Sukhumvit 101 is a freehold condominium jointly developed by Sansiri and BTS. It is about 250 meters walk from Punnawithi BTS.
The Line Sukhumvit 101 is ready to move and is nearby to the True Digital Park, Asean’s largest digital park, which houses Google Academy. Sansiri is currently running attractive promotions on selected units and if you are keen to find out more, get in touch with us or visit https://investbangkokproperty.com/the-line-sukhumvit-101/
We will be sharing more developer deals via our telegram channel so please do subscribe to us.
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If you are interested to find out more, please do get in touch with us directly.
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