Post by account_disabled on Dec 27, 2023 5:25:29 GMT -6
Mr. Frank Khan, Executive Director and Head of Residential Project Consulting, Knight Frank Thailand Company Limited, revealed that the condo market in Bangkok was quite slow throughout 2019, as was the case in many important cities such as Pattaya, Hua Hin and Phuket. Condo ownership in Bangkok from the end of 2018 decreased by 15 - 20%, which was mainly a result of the global economy. Even though there are government mega projects developing all over Bangkok. In addition, Thai buyers who have invested in the real estate market in the past 2-3 years have slowed down their investment. Because the buyer market has reached saturation point. Moreover, the baht's appreciation has reached its highest level in six years, causing foreign investment to decrease as well. The current sales rate is not the same as in the past few years, especially from Chinese investors. This is a nation that often invests in real estate abroad, and transferring.
large amounts of money out of the country may affect China's economic stability. Therefore, China has enacted strict regulations on money transfers for personal investment. Meanwhile, Chinese people living outside China tend to buy property and invest where they can get the best returns. On the contrary The resale market continues to improve in areas along the Skytrain (BTS) and Subway (MRT), such as in the Central WhatsApp Number List Business District and Sukhumvit. This shows that there is still demand for condos and opportunities for investors who buy condos to rent out. Moreover, the slowdown in the real estate market will give investors good deals such as discount offers. which results in a greater profit margin The sluggish world economy and the above factors Including the oversupply.
in the market, the real estate market will continue to slow in 2020 and will be a challenging year for project developers. They should adjust their marketing strategies to meet the needs of the new generation of buyers between the ages of 35 - 40 in terms of new technology. and convenience such as smart living and taking into account the infrastructure in that area This will help attract the attention of buyers. Moreover, attractive promotional prices will surely attract investors who are waiting for investment opportunities. Tags # real estate.
large amounts of money out of the country may affect China's economic stability. Therefore, China has enacted strict regulations on money transfers for personal investment. Meanwhile, Chinese people living outside China tend to buy property and invest where they can get the best returns. On the contrary The resale market continues to improve in areas along the Skytrain (BTS) and Subway (MRT), such as in the Central WhatsApp Number List Business District and Sukhumvit. This shows that there is still demand for condos and opportunities for investors who buy condos to rent out. Moreover, the slowdown in the real estate market will give investors good deals such as discount offers. which results in a greater profit margin The sluggish world economy and the above factors Including the oversupply.
in the market, the real estate market will continue to slow in 2020 and will be a challenging year for project developers. They should adjust their marketing strategies to meet the needs of the new generation of buyers between the ages of 35 - 40 in terms of new technology. and convenience such as smart living and taking into account the infrastructure in that area This will help attract the attention of buyers. Moreover, attractive promotional prices will surely attract investors who are waiting for investment opportunities. Tags # real estate.