Thailand Business News -
| It is also likely that Thailand will continue moving forward with the ‘emerging markets’ of China and India likely to expand. This could lead to their investing in attractive markets such as Thailand. | ||
| Thailand Business News |
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Bangkok’s property market moves towards emerging markets
Later, as investors tried to rebuild their diminished wealth, they turned to the very sector they had abandoned first, property development.
These cultural changes are evidenced in the type of housing recently launched. On the lower- to mid-end side, Supalai and LPN have launched projects in Ratchayothin and Ratchada with units ranging from 28 to 55 square meters and prices from 1.5-3 million baht, reflecting demand among single professionals and young families. On the higher end side, where prices are at or above 100,000 baht per sq m, the Sukhumvit and CBD areas remain the preferred location. The common point between all this? Easy access to BTS and MRT lines.
Only large developers on the stock market remain on the Thai market, as they can access a source of funding. Prices of single detached houses and townhouses only rose moderately over the past year, with condominium prices increasing the most to more than 100,000 baht a square metre in Bangkok from 80,000 to 90,000 baht.
