Knight Frank Thailand reveals the situation of the rally and
Feb 27, 2024 4:23:48 GMT
Post by account_disabled on Feb 27, 2024 4:23:48 GMT
Knight Frank Thailand reveals the situation of the rally and its impact on the real estate market. Mr. Frank Khan, Executive Director and Head of Residential Project Consulting Department, Knight Frank Thailand Company Limited, said, “Due to the spread of the COVID-19 virus. Most project developers face problems with the disposal of unsold units. By offering promotions and reducing sales prices of completed condominium projects. Meanwhile, new projects scheduled to launch in 2020 have been postponed. Investment tends to slow down due to domestic political problems and the global economic contraction. Gatherings taking place in Bangkok This results in uncertainty in the real estate market for only a short period of time, which is hardly an important factor for the market.
If compared to the economy and the COVID-19 outbreak Most of the projects Jamaica Mobile Number List we manage have seen sales rates drop by more than 50%, while projects in areas with mass gatherings have seen a decrease in customer visits and canceled appointments. However, Thai investors can quickly adapt to uncertain situations. Using the method of monitoring the situation They are always waiting for an opportunity to invest at the right selling price. And they know very well the real estate market. It is experiencing problems and is slowing down. This causes project developers to lower selling prices and offer various discount promotions on newly opened projects and second-hand condos. As the saying goes, “ When there is a protest on the street, Invest in the real estate market ” from our opinion If investors see an investment opportunity in a good location and at a reasonable price. You should seize the opportunity as it may not come again.
This year's real estate market is still a challenging year. Project developers may have to offer more discounts or promotions than before. Including changing marketing planning strategies to attract investors with cold money ready to invest. and groups of buyers who have been looking for housing since the beginning of last year Investors have the opportunity to receive profits from property sales (Capital Gain) within 1 to 2 years. while opening Accepting special tourists ( Special Tourist Visa ) is not open to all tourists. But they only accept tourists who want to stay for a long time. Moreover, they have to meet many requirements before entering the country. and when arriving in Thailand All tourists must stay in quarantine for 14 days, which obviously does not meet the needs of investors. Mr. Khan concluded that although the condominium market in Bangkok slowed down at the end of 2020, the situation will improve in 2021 as protests within the country appear to have subsided.
If compared to the economy and the COVID-19 outbreak Most of the projects Jamaica Mobile Number List we manage have seen sales rates drop by more than 50%, while projects in areas with mass gatherings have seen a decrease in customer visits and canceled appointments. However, Thai investors can quickly adapt to uncertain situations. Using the method of monitoring the situation They are always waiting for an opportunity to invest at the right selling price. And they know very well the real estate market. It is experiencing problems and is slowing down. This causes project developers to lower selling prices and offer various discount promotions on newly opened projects and second-hand condos. As the saying goes, “ When there is a protest on the street, Invest in the real estate market ” from our opinion If investors see an investment opportunity in a good location and at a reasonable price. You should seize the opportunity as it may not come again.
This year's real estate market is still a challenging year. Project developers may have to offer more discounts or promotions than before. Including changing marketing planning strategies to attract investors with cold money ready to invest. and groups of buyers who have been looking for housing since the beginning of last year Investors have the opportunity to receive profits from property sales (Capital Gain) within 1 to 2 years. while opening Accepting special tourists ( Special Tourist Visa ) is not open to all tourists. But they only accept tourists who want to stay for a long time. Moreover, they have to meet many requirements before entering the country. and when arriving in Thailand All tourists must stay in quarantine for 14 days, which obviously does not meet the needs of investors. Mr. Khan concluded that although the condominium market in Bangkok slowed down at the end of 2020, the situation will improve in 2021 as protests within the country appear to have subsided.