The Singapore-based website PropertyGuru.com plans to spend 80 million baht to expand the online property market in Thailand and develop data management systems after acquiring the Thai website DDproperty.com earlier this year. PropertyGuru Group CEO Steve Melhuish said the investment over the next two years would be for upgrading the website’s data management, with a [...]
Land appraisal prices in Bangkok will rise 15-30% on average in the next revision to take effect next year while condominium valuations will rise 15%, according to the Treasury department. Quality condominiums on Sukhumvit, Ratchadamri and Sathorn roads near existing mass-transit routes will be valued at 100,000 baht per square metre on average, said Chucheep [...]
Land appraisal prices in Bangkok will rise 15-30% on average in the next revision to take effect next year while condominium valuations will rise 15%, according to the Treasury department. Quality condominiums on Sukhumvit, Ratchadamri and Sathorn roads near existing mass-transit routes will be valued at 100,000 baht per square metre on average, said Chucheep [...]
The March 11 Japanese earthquake and tsunami has helped to boost sales of the new d25 Thong Lor condominium project by as much as 40% via Japanese investors. The 500-million-baht d25 Thong Lor condominium will be located on 369 square wah in Thong Lor Soi 25. It will feature98units sized from 35-68 square metres and [...]
Trial runs began on Thursday on the new BTS skytrain route, a 5.25km extension from Soi Onnut to Soi Bearing. The first test run was launched by Bangkok governor MR Sukhumbhand Paribatra. The service is due to beigin operating free of charge between Aug 12 and Jan 1. The Bangkok Metropolitan Administration invested more than 50 billion [...]
The 15 Sukhumvit Residences, a new condominium project between Sukhumvit sois 13 and 15, expects its low prices to attract buyers as it has lower development cost and current regulations limit the heights of new highrise buildings in the area. Prices at Sukhumvit 15 start from 84,000 baht per sqmfor a bare-shell unit. The company [...]
The Housing Finance Association expects non-performing asset (NPA) property sales to be the same as last year as commercial bank liquidity remains healthy, says president Kitti Patpongpibul. In addition to strong liquidity, banks had high profits so they do not need to accelerate sales of their NPAs, he added. The association expects 2 billion baht [...]