Developers oppose city plan
Bangkok has a new city plan designed to make the capital more liveable with a smoother traffic flow and faster...
Bangkok has a new city plan designed to make the capital more liveable with a smoother traffic flow and faster...
Six-figure homes will sell like hotcakes after the Bt15,000 salary policy is implemented."This will create a new market for residential projects priced up to Bt1 million," Opas Sripayak, managing director of LPN Development, said yesterday.
The property market will benefit from political stability and the government's policy of boosting demand in the first-home market in the second half of this year, according to property experts.
Despite fears of a bubble from some experts, Bangkok’s property boom continues and a new 77-storey tower could take over from the Baiyoke Tower as Bangkok’s tallest building. Expected to be completed in 2014, the MahaNakorn’s unique design will surely be a standout on Bangkok’s skyline, according to AFP.
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.
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