WITH INCOME growth lagging expenses over 56% of Thais now have no plans to buy a home in the next five years while being additionally dissuaded by high housing prices, according to an analysis by SCB EIC’s Economic and Business Research Centre published by PPTVHD36 this evening (June10). With purchasing power remaining sluggish in
Real estate
Prices of building materials soar as Middle East war drags on
THE Commerce Ministry said today (May 22) that ongoing US-Iran war has led to the construction materials price index rising 112.4 points in April, a jump of 5.9%, which is the highest in 44 months, according to PPTVHD36. Mr. Nantapong Chiralerspong, director of the Trade Policy and Strategy Office, said as the Middle East
Read moreCabinet green light for US to buy house in Chiang Mai
THE cabinet has approved the US government purchasing a landed house in Chiang Mai to serve as the residence for the US Consul-General, reinforcing the over 190-year relationship between the two countries, Amarin TV said this afternoon (May 12). Ms. Lalida Periswiwatana, deputy spokesperson for the Prime Minister’s Office, said this house is located
Read moreMore Bangkok residents now opting for second-hand housing
A CLEAR shift has emerged in the Bangkok property market with residents increasingly opting for second-hand housing as reflected in a 1.5-fold increase in this segment’s transfer value, from 27% in 2020 to 38% in 2025, PPTVHD36 said today (Feb. 25). Research by Krungthai Compass shows that there are three key factors driving second-hand
Read moreLuxury home market attracting more developers but demand limited
THAILAND’S luxury home market, with prices ranging from 25 to 100 million baht, is now attracting more mid-sized and new entrants as the mass market is saturated amid declining purchase power but this segment could be more challenging than they had anticipated, PPTVHD 36 quoted an analysis by Kiatnakin Phatra Bank (KKP) as saying
Read moreHousing estate juristic chairman, manager held for bribing officials
THE JURISTIC chairman and manager of a luxury housing estate in Bangkok’s Bang Khun Thian district were arrested yesterday (Sep. 5) on charges of bribing officials much to the relief of residents who have been living in fear for years with some of them even beaten up, Naewna newspaper said. Pol. Col. Phermwut Pratumrat,
Read moreQuake-hit condo juristic person committee quits in row with unit owners
THE entire juristic person committee of a 900-unit condominium in Chokchai Ruammit area where a large number of residents still cannot move back to their homes two months after the March 28 earthquake resigned after fierce arguments broke out during a meeting yesterday (May 27), TV Channel 7 said. Both sides threatened to sue
Read moreCondo residents fuming – still unable to return 2 months after quake
RESIDENTS of a 900-unit condominium in Chokchai Ruammit area are furious with their juristic person because even though two months have passed since the big earthquake on March 28, they are still unable to live in their homes, Amarin TV said today (May 28). Popular web page, whose Thai name translates to “If You
Read moreUkrainian woman arrested at Phuket airport for trashing luxury condo unit
A YOUNG Ukrainian woman who attracted the attention of Thai netizens after photos of a luxury condo unit she had damaged over the return of 32,000 baht deposit spread online was arrested at Phuket Airport today (May 10) just as she was about to fly overseas, Thai Rath newspaper said. Pol. Col. Somsak Thongkliang,
Read moreChinese capitalists gradually removing daily-rental condo keycard boxes
AFTER a netizen highlighted that there are boxes installed throughout the city holding keycards to condos illegally rented out on daily basis, Amarin TV news team found out that the Chinese capitalists running this business have steadily removed many of them. Drama-addict Facebook page had posted photos of some cabinets holding combination lock boxes
Read moreAstonishing sign offering to buy haunted houses put up in Rayong
MOTORISTS driving along a road in Rayong were shocked to see a sign saying two persons whose names and telephone numbers were clearly stated wanted to buy haunted houses, Naewna newspaper said this evening (Nov.21). This mysterious sign became the talk of the town after a 48-year-old man, only identified as Uncle Kai, spotted
Read moreThousands protest in Portugal over surging house prices and rents
By Reuters and published by Yahoo!News Lisbon – Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday (Sep. 28) to protest against soaring rents and house prices, as frustration mounts over a crisis that has priced many out of the housing market. Demonstrators carried posters showing slogans
Read more99-year land lease to foreigners, digital wallet scheme will harm the country: Jatuporn
A FORMER MP/Red Shirt leader Jatuporn Prompan warned that allowing foreigners to lease land for 99 years because they have so requested would only benefit real estate companies that are unable to sell 1.3 million condo units, TV Channel 7 said today (July 12). Prime Minister Srettha Thavisin recently moved to relax property regulations
Read morePM defends easing property regulations for foreign buyers
PRIME Minister Srettha Thavisin today (June 23) defended relaxing regulations to allow foreigners buy up to 75% of condominium unit space and increase property lease to 99 years pointing out this is prevalent in other countries too with there being no impact on the country, Thai Rath newspaper said. Amid criticism that this move
Read moreGovt looking at letting foreigners buy up to 75% of condo unit space
THE INTERIOR Ministry is studying the easing of real estate laws to allow foreigners to buy up to 75% of total unit space in condominium buildings, up from 49% at present, in an effort to stimulate the economy, Naewna newspaper said this afternoon (June 21). Officials are also looking at extending property lease period
Read moreForeigner arrested on illegal land trading charges
A FOREIGN MAN on the run after being slapped with charges of illegal land trade in Phuket and Surat Thani has been arrested in Pattaya, Naewna newspaper said last night (Mar. 15). The wanted foreigner, only identified as Mr. David, 58, from the USA, was taken into custody in front of Jomtien Hospital in
Read moreBuilder Italian-Thai Development flags cash flow issues, seeks bank loans
By Reuters and published by CNA THAILAND’S largest builder Italian-Thai Development is negotiating with banks for new loans due to cash flow issues that have prompted it to make partial salary payments, the company said yesterday (Mar. 13). Italian-Thai Development told the Stock Exchange of Thailand that revenue from construction projects remained smaller than
Read moreChinese buying trends still strongly boost residential market: Savills Thailand
By Nina Suebsukcharoen THE Thai residential market is still being strongly reinforced through Chinese buying trends that added quite significant value all of last year with Thai buying too remaining reasonably consistent in all sectors, Mr. Robert Collins, CEO of Savills Thailand said in an exclusive interview on Tuesday (Mar. 5). While Mainland Chinese
Read moreBMA extends deadline for requests to change new city plan
FOLLOWING complaints that the new city plan for Bangkok benefits capitalists, the Bangkok Metropolitan Administration (BMA) today (Jan. 9) extended the deadline for lodging requests to amend it till Feb. 29, TV Channel 7 and TNA said. Mr. Wissanu Supsompon, deputy Bangkok governor, said seven public hearings have been held on the new city
Read moreUnder construction condo’s fire escape collapses, 3 houses damaged
THE EXTERNAL fire escape of a luxury condo under construction in Nonthaburi city suddenly collapsed yesterday (Dec. 8) damaging three adjacent houses but fortunately no one was injured, Naewna newspaper said. Reporters inspecting the site of this construction accident saw an announcement by Nonthaburi’s Building Control and Urban Planning Department temporarily suspending work but
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