Real Estate & Mortgage News in Thailand from Propertyshowrooms.com

Developers still after new land in Thailand

Fri, 18 Mar 2011 00:00:00 GMT

Property developers in Thailand are continuing to acquire land for new residential projects, new research has found.

The news comes despite recent announcements from the Bank of Thailand that it would be decreasing LTV’s for condominiums to 90 per cent and the LTV's for houses to 95 per cent to cool the property market, according to CB Richard Ellis (CBRE).

It could lead to an increase in the number of individuals looking to buy property in Thailand, with a number of new homes due to enter the market.

Over the past year, there has been growing concern about the level of foreign investment heading into the country, which has resulted in the national bank raising interest rates.

However, CBRE noted that yield for property investment did not change significantly and money is still being driven into the market.

"There have been significant foreign inflows into the Thai bond and stock markets but virtually no significant foreign investment into the Thai property market," the consultancy said.

Thai property market to slow as a result of oversupply

Fri, 3 Dec 2010 00:00:00 GMT

Local developers in Thailand have predicted a slowdown in the country's property market over the next couple of months as concerns surrounding oversupply take hold.

However, positive sentiment is expected to return again early next year, with the sector expected to get back on track, Property Report explains.

Mayta Chanchamcharat, director of Pruksa Real Estate, said concerns about a possible property bubble in Bangkok have calmed the market due to a retreat of speculators and investors.

"Due to the market concerns of some areas being flooded by oversupply and the property bubble, the market now doesn't seem to absorb the existing supply of residential units as fast as before," he added.

In addition, Mr Chanchamcharat said that the Bank of Thailand's announcement that it would be capping condominium mortgages at 90 per cent from January 1st was also making investors hesitate.

Meanwhile, earlier this year the news provider reported that the country's Agency for Real Estate Affairs had raised concerns about the possible formation of a bubble in the real estate market.

Large cut in Thai interest rates

Wed, 3 Dec 2008 00:00:00 GMT

Thailand's central bank cuts interest rates by the biggest amount in eight years, as it aims to lift an economy hit by unrest...