Tag Archive: market

  1. Bangkok Property Market Performs Strongly in 2017

    Kommentare deaktiviert für Bangkok Property Market Performs Strongly in 2017

    In Q4 2017, the Bangkok condominium market grew steadily, particularly in the downtown area of the city. The number of new properties launched in 2017 overall also grew year on year by, with a 51% increase compared to 2016. Bangkok’s condominium market is likely to continue to grow in the future, given the many new mass transit lines and pipelines under construction (for example the MRT Pink Line, MRT Yellow Line and MRT Orange Line).

    Land prices and the lack of remaining downtown new development space has opened the way for new locations to become up and coming property hotspots. Projects that are in prime or new locations with appropriate pricing to compliment market demand continued to performed well.

    Due to the high proportion of units from projects that have been sold and that have been completed since 2014 in the downtown area, there does not currently appear to be a risk of oversupply in the area. Increasing land costs are a central factor that has resulted in price increases. More projects are opening up in new areas due to the construction of the approaching transport connections.

    During the past one to two years, the average selling price of new condominium units has continued to rise at approximately 15–20% annually. Condominium prices are expected to increase similarly next year, particularly in in the downtown area.

    Expatriates work permits in Bangkok increased 1.3% Quarter on Quarter and 3.1% Year on Year. Typically, expatriates have favoured certain areas and this continues to be the case, particularly the Sukhumvit, Silom/Sathorn and Central Lumpini areas, due to their easy access to the BTS Skytrain, along with convenient shopping and dining options.

  2. Phuket Residential Property Market – Updates

    Kommentare deaktiviert für Phuket Residential Property Market – Updates

    Looking at the period January to June 2017, Ninety percent of Phuket resort property purchases were in the range of THB 5-35 M per unit for villas and THB 8 M or under for condominiums. Investors are looking for rental yields of between 5-7% over the course of two to five years.

    Expatriates from across the region and Thai nationals typically based in Bangkok are the main purchasers of Phuket’s resort properties. The Rouble has appreciated against the Thai Baht, which has also attracted interest in Phuket property from the Russian property investor’s market. There were also Chinese investors in certain entry-level projects. sales came from buyers who bought multiple units, buying at bulk prices and hoping to resell.

    Phuket Residential Property Market

    The priority for property buyers continues to be on rental income as typically investment properties in Phuket are stayed in for 60 days or less per annum. Potential property purchasers should examine the practicality of rental guarantees and other rental packages before making a decision.

    If you would like further information on the process of buying a property in Phuket or elsewhere in Thailand, please contact [email protected]

     

  3. FRANK Legal Tax represents fun park company during market entry in Thailand

    Kommentare deaktiviert für FRANK Legal Tax represents fun park company during market entry in Thailand

    FRANK Legal & Tax advises and represents a foreign company in legal matters related to establishing fun parks in Bangkok, with a total investment value of approximately 200 Million THB. Our services include the incorporation of a group of companies, license applications and other related matters.

    Find out more about our corporate and commercial services

  4. FLT represents German energy company during market entry in Thailand

    Kommentare deaktiviert für FLT represents German energy company during market entry in Thailand

    FRANK Legal & Tax advises and represents a German energy company in legal matters related to their market entry in Thailand. The client is in the process of establishing renewable energy plants (VSPP) in Thailand. Our services include company establishment, BOI application and related services.

  5. Diversity of Bangkok Condominium Market

    Kommentare deaktiviert für Diversity of Bangkok Condominium Market

    According to CBRE Thailand, the Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter.

     Total midtown and downtown supply is now purportedly approximately 350,000 units where the majority of supply is in the midtown area, and the market for downtown condominiums is now a low volume high-value market with a limited amount of future supply.

     Source: CBRE Thailand