BIZ-REAL ESTATE: BANGKOK- PROPERTY NEWS
PROPERTY NEWS
EEC interest stirring up Pattaya hotels
The EEC is helping hotels and tourism in Pattaya and adjacent areas as the industrial zone prompts further development throughout the Eastern Seaboard.
Bangkok condo prices up 11%
Condominium prices in Bangkok, Nonthaburi and Samut Prakan provinces rose 11% year-on-year in the third quarter and 2.8% from the previous quarter on progress in the expansion of electric railway lines.
Urban tactics for affordable living
New zoning laws are purported to make Bangkok more dense and improve utilisation.
Mortgage curbs
INFOGRAPHIC /The central translates its fears of a housing bubble-burst by putting in tough measures including up-front cash needed to buy a new home.
BoT statistics point to riskier mortgages
Almost half of new mortgages in Q2 had a loan-to-value (LTV) ratio of more than 90%, and those with a loan-to-income (LTI) ratio above five times made up nearly one-third.
Chill out and get rich
Phuket has become a trendsetter for buy-for-rent resorts as more buyers look to maximise gains from their properties apart from leisure and recreation.
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Chewathai to thaw out nine projects
MAI-listed developer Chewathai Plc (CHEWA) will launch nine new residential projects worth a combined 8.3 billion baht from next month to mid-2019 after freezing new launches for over a year.
Premiere plans more senior living condos
Premiere Home Health Care Co plans to launch a second senior living condo project worth B850m in the Pracha Uthit area to tap younger demand at lower prices.
Tighter mortgages
Fear of too much house and condo flipping for sheer profits has caused the Bank of Thailand to order all banks to rein in red-hot mortgage lending.
Nexus predicts office surge
The office market is likely to face fierce competition in the next 3-4 years as the supply of Grade A office spaces increases by 30% from 1.175 million in the central business district
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