Tag Archives: Bangkok Condos

As new low-rise supply in the mid- to high-priced market is very limited, the listed developer Sansiri Plc (SIRI) will launch three-storey single houses priced over 10 million baht and four-storey townhouses priced 19 million baht this quarter.

After being perceived as an entertainment district for decades, the Ratchadaphisek area is being transformed into a major new business district with at least seven new commercial properties totalling 800,000 square metres scheduled to be completed in 2013.

The real estate market in Thailand is looking up, with markets in Bangkok and resort areas expected to see the biggest boom, according to recent research from real estate developer Knight Frank.

Land appraisal prices in Bangkok will rise 15-30% on average in the next revision to take effect next year while condominium valuations will rise 15%, according to the Treasury department.

Land appraisal prices and condominium valuations in Bangkok are expected to increase in 2012, with growth driven by infrastructure improvements and the expansion of mass transit systems, particularly in prime areas such as Sathorn, Sukhumvit, and Ratchadamri.

The French Embassy in Bangkok has sold its property holdings on South Sathorn Road to City Virtue Limited, as the French government is moving all Embassy operations to a new facility .