Property & Email Marketing: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 

Price rises predicted for Bangkok condominiums

Date : (News Section: Thailand)

Share
Price rises predicted for Bangkok condominiums
The cost of buying a condominium (condo) in prime areas of Bangkok, such as Sukhumvit Road, is set to climb significantly by the end of this year.

Speaking to the Bangkok Post, Kitisak Jampathipphong, chief executive at Century 21 Realty Affiliates (Thailand) Co, explained new rules relating to environmental impact assessments (EIAs) will make property development more expensive.

This will therefore have a knock-on effect on the value of this kind of Thai property, he stated.

Mr Kitisak pointed out land values have risen, doubling in price in some locations, which will also help drive up the cost of buying condos in desirable areas.

In an interview with Property Report earlier this month, director of the residential department at Knight Frank Thailand Ulf Schaefer stated the market for "ultra-luxury residences" is becoming more established in Bangkok, with several developments in the city targeted at the super wealthy.

He highlighted the market's two distinct sections, which are super luxury condos and apartments serviced by a high-end hotel.
 
Share

Article by +Danny Bance on behalf of Propertyshowrooms.com

Read More

  1. 06 June 2014 - Thailandís Cartoon Network Waterpark To Open This Summer
  2. 24 February 2014 - Luxury Thai Sales Growing On Weak Baht
  3. 24 December 2013 - Asean Economic Community will give Thai property boost
  4. 19 November 2013 - Thailand grows housing stock by10%
  5. 24 October 2013 - Plus Property: No threat of Thai housing bubble






Let us search for you Let Us find Property in Thailand for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Thailand.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Trade and Learn Forex
Distressed Property in Phra Tamnak Featured Property
Phra Tamnak (Chon Buri)
Apartment/Flat - 1-Bed, 1-Bath
฿1,899,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Thailand
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo