Housing Apartment Sector and Office Building Sector Are the Strongest Part of Thai Property Market
The property market of Thailand appears to be recovering, especially in the housing apartment sector and office building sector. The recent data gathered by a few government agencies revealed that Thai property market is revealing amazing positive growth trends.
Actually, there are more than a few factors that are in favor of the positive development of the Thai housing sector. Nearly 33% of the Thai population is in the age group of 25-44 years, which is a very excellent demographic for the local housing market, particularly in the middle-end sector of Thailand.
As per the figures gathered by a few government agencies, in the case of the figures for housing apartment supply, only a few segments of housing apartments were close to the maxim point that was achieved by the Thai property market in 1997, rest all the segments were comparatively in a very low stage.
The major problem of Thai property market is that the demand for housing apartments is still strong when taken as a demographic. Pre-built perceptions are not that much affective for big scale projects, as it holds back the company's entire procedure if the sales decline and this could have an effect on the total industry and the psychology of probable purchasers in Thailand.
The hike in oil prices, interest rates and building prices in Thailand had influenced the developers a lot who should now make certain that they had stringent monetary controls ready.
The executive director of CB Richard Ellis said recently that for the residential sector, there were more than a few factors which influence its act in the local property market, like inflation, land and construction expenses, and the level of tax and interest rates which will boost competition by the end of 2009.
Moreover, when we think about condominium projects, demand depends upon certain factors like:
1. The right project,
2. The right location and
3. A unique selling point.
The second half of 2009 is a tough time for property developers as they have to concentrate more on marketing and promotion to improve sales and market share at the same time as launching fresh projects.
Actually, there are more than a few factors that are in favor of the positive development of the Thai housing sector. Nearly 33% of the Thai population is in the age group of 25-44 years, which is a very excellent demographic for the local housing market, particularly in the middle-end sector of Thailand.
As per the figures gathered by a few government agencies, in the case of the figures for housing apartment supply, only a few segments of housing apartments were close to the maxim point that was achieved by the Thai property market in 1997, rest all the segments were comparatively in a very low stage.
The major problem of Thai property market is that the demand for housing apartments is still strong when taken as a demographic. Pre-built perceptions are not that much affective for big scale projects, as it holds back the company's entire procedure if the sales decline and this could have an effect on the total industry and the psychology of probable purchasers in Thailand.
The hike in oil prices, interest rates and building prices in Thailand had influenced the developers a lot who should now make certain that they had stringent monetary controls ready.
The executive director of CB Richard Ellis said recently that for the residential sector, there were more than a few factors which influence its act in the local property market, like inflation, land and construction expenses, and the level of tax and interest rates which will boost competition by the end of 2009.
Moreover, when we think about condominium projects, demand depends upon certain factors like:
1. The right project,
2. The right location and
3. A unique selling point.
The second half of 2009 is a tough time for property developers as they have to concentrate more on marketing and promotion to improve sales and market share at the same time as launching fresh projects.
Labels: condominium projects, fresh projects, market share
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