Categories: BusinessLifestyle

Bangkok Lookback & Projections and a Layan Beach Blockout

Slow news Sunday? Get your fix with Phuket Property Watch! Today we’ve got some interesting items from the pipeline. First up is an EdgeProperty look at Bangkok property markets in 2018 with previews for 2019 thanks to James Pitchon of CBRE. As of 5 Nov, Sansiri reported foreign buyer presales at 12.5b THB, well within reach of the years 13b THB target, thanks in part to four new Bangkok projects showcased in Singapore on 24-25 Nov: XT Phayathai, XT Ekkamai, The Base Saphanmai and The Line Wongsawang. Pitchon, CBRE’s executive director of research and consulting described project launches increasing throughout the year, many developments situating near mass transit lines with a 26% improvement on new condo launch prices over last year at 138,000 THB / sqm. Future infrastructure investments in Bangkok, mentioned in an Urban Land Institute and PwC November report, are expected to transform public transit and add many additional opportunities for shrewd developers. Pitchon also described how domestic home sales may be slowing down, with 1 Jan rules coming into effect from the Bank of Thailand, 2nd-home purchasers and purchasers of homes of 10m THB or more will be required to make a minimum down payment of 20%.

Our last item today is from the Phuket News, about a 178-rai plot of land including 3km of Layan beachfront land, ownership of which is under dispute between developers and the Government, currently being appealed in the Supreme Court (get some older background from The Thaiger – Supreme Court says Layan beachfront is ‘public land’). The current update from MaAnn Samran, Cherngtalay OrBorTor Chief is for the public to stay clear and not enter any gated properties in Layan beach until the Court has made its decision. Samran further explained that trespassing issues and lawsuits could be the penalties for encroaching on the land in the meantime.

So there you have it, all you wanted to know about real estate in Thailand for today. Bon Sunday!

The Watcher

Just providing useful property and real estate news in Phuket and Thailand to readers worldwide. Managing editor Paulie Gualtieri has lived in Thailand for five years, working with a local property firm to gain valuable insights on the property markets and real estate trends in Thailand.

Recent Posts

Perspective on Cambodia and a Big Local Sale

Our first piece today from Khmer Times is reviewing an interview with Fiabci-Thai president Dr. Sopon Pornchokchai, also a member…

10 months ago

Money and Expansions from Vietnam & Beyond SE Asia

Phuket Property Watch here with your wind-down to the weekend. Today's news focuses on Thailand-adjacent markets and beyond. Our first…

10 months ago

The Property Tech Revolution is Here

Greetings from Phuket Property Watch. As those in the business have surmised, technology and property management are a delightful match…

10 months ago

Thai Property Optimism Continues into February

Happy Friday and Happy February from Phuket Property Watch! Maybe it's the excitement of the new year, maybe it's realtors…

11 months ago

How Phuket Beats Pattaya

Our first item for the new week is an Asian Correspondent review of the state of the property buyers' market…

11 months ago

Continued Investment and Yachts over Clean Water

Hello and Happy Friday from your friends at PPW. We've got a good roundup for you this week, starting with…

11 months ago