for both new projects and resales, Bangkok CitiSmart chief executive officer Pumipat Sinacharoen said. The prices of condominiums close to mass transit have risen significantly Since the 1997 economic crisis, the prices of condos close to the mass-transit system have risen by an average 10-20 per cent a year. Some locations on Sukhumvit Road that [...]

Bangkok Citismart Co, the brokerage subsidiary of Asian Property Development Plc (AP), yesterday opened its first office outside Bangkok in this popular resort destination to cash in on the booming market here. Pattaya’s property market is expected to reach a new peak within three years. During that time, the new subsidiary will study the market [...]

The expiry of property tax incentives on June 30 led to a sharp drop of housing transfers in Greater Bangkok in the third quarter, according to Real Estate Information Center (REIC). Transfers totalled around 27,000 units in Bangkok, decreasing by 42% from the previous quarter and 36% from the same period last year, as a [...]

Positive sentiment set to return next year Oversupply fears are expected to slow the property market for the next few months but positive sentiment will resume next year supported by real demand, say industry executives. Concerns about a possible property bubble in Bangkok and the Bank of Thailand’s announcement capping condominium mortgages at 90% of [...]

N.C. Housing Plc (NCH) has revised up its sales and revenue targets for this year to 2.2 billion and 1.2 billion baht respectively as the country’s economy has improved and demand is shifting to low-rise units. In late April the developer had forecast sales at 2 billion baht and revenue at 1 billion. The original [...]