Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Car bookings at the recent Bangkok Motor Show, with BYD gaining serious market share.
I didn't attend this year so there weren't any Ferrari bookings ๐
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Bangkok's metro train lines: past, present, and future!
Original post: www.facebook.com/photo/?fbid=441846348207762&set=aโฆ
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23 - 3
If โ๐ง๐จ ๐จ๐ง๐ ๐ฐ๐๐ง๐ญ๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ฎ๐ฌ๐๐ ๐๐จ๐ง๐๐จ๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐โ, then why is it a 88 BILLION BAHT industry???
Last year, 47,219 condos were re-sold, up 8% YoY with a total transaction value of 88.7 billion baht, up 12.4% YoY.
The fastest growing segment was the 3-5m price range where 3,020 units changed hands, up 33.3% YoY with a total transaction value of 11.6 billion baht, up 32.7% YoY.
Thailandโs Real Estate Information Center identified 4 main reasons people opted for second hand condos:
1. Location: many existing condos are in excellent locations compared to newer ones that had to build further out.
2. Size: more bang for buck.
3. Investment attractiveness: some are selling along with the existing tenant, a sweet deal.
4. Many foreigners are fine buying second hand.
Original post: moneyandbanking.co.th/2024/95906/?fbclid=IwAR0NNeSโฆ
35 - 1
Ananda, though not necessarily my favorite developer, is apparently killing it!
In 2023, sales totaled 19.5bn baht, a 11% YoY growth.
Of this, foreign sales accounted for 6.9bn baht, ๐ ๐๐๐๐ ๐๐๐% ๐๐จ๐ ๐๐๐๐๐๐!
Meanwhile, completed transfers to buyers in 2023 totaled 13.1bn baht, a 10% YoY growth
You'll most likely know Ananda for their high-end Ashton and mid-range Ideo condos.
Original post: www.facebook.com/photo/?fbid=803469471807619&set=aโฆ
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Demand for condos in Bangkok in 2023 (first image) was up 7.6% from 2022 and was better able to keep up with the increase in new supply.
Supply: 747,357 condo units launched in 2023
Demand: 529,089 condo units sold in 2023
In Q4 2023 (second image), 11,316 were launched and 3,134 of them were bought up in the same quarter, marking a sales rate of 27.7%.
Most buyers in this quarter were local Thais with stable
incomes and no credit problems.
Source: โช@knightfrankthailandโฌ
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Real estate prices in Thailand still going up despite a downtrend in demand.
Leading Thai property portal DDproperty.com says its index of residential prices nationwide (in blue) is ๐ฎ๐ฉ +๐% ๐๐จ๐ ๐๐ง๐ +๐% ๐๐จ๐, while its nationwide demand index is ๐๐จ๐ฐ๐ง -๐๐% ๐๐จ๐ ๐๐ง๐ -๐๐% ๐๐จ๐.
It attributes this hesitancy among buyers to high interest rates, high household debt, and an economy that is yet to truly shine.
I experienced this first hand when I was chatting to banks about getting a condo mortgage. Man! Rates are high right now and I decided to postpone this plan.
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Top 10 most searched for condos in Bangkok on the Livinginsider.com website from Feb 25 to March 2, 2024
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Are real estate developers in Thailand making a profit?
Below is the YoY earnings of the top 20 publicly registered Thai developers by earnings. The columns are:
Name | Earnings | YoY Earnings % | Profit | YoY Profit %
Seems like my favorite developers are not on this list. Are they too "boutique?" ๐ค
Source: Livinginsider.com
23 - 8
Have you noticed that Bangkok's streets are getting prettier?ย
That's partly due to its major initiative to (finally) bring electric cables underground.
Grey = completed
Dark green = in progress
Light green = initiating
Red = planned
Bye bye "Bangkok cable art"
Check it out! www.google.com/maps/d/viewer?mid=1KdDejK86UmU8FIjoโฆ
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Discover the best of real estate in Thailand ๐น๐ญ