Tag Archives: Thailand Condos

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.

Foreign and Thai buyers alike are flocking to the beaches of Pattaya, snapping up condominiums and giving the local real estate market a needed boost. As the closest beach to the capital of Bangkok and boasting top of the line amenities, the beachside city will only continue to grow in the near future, according to Property Wire.

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.

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.