Thailand's Massive Property Glut



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ORIGINAL POST

Posted by Ed 6 mths ago
Want to Buy a Home in Thailand? You Have More Than 450,000 to Choose From


A glut of condominiums as Thailand’s economy wavers and stricter mortgage-lending rules kick in is creating a buyer’s market in Bangkok.

Some 65,000 new apartments were added to the city last year, an 11% increase over 2017 and the most since 2009. Demand, however, is tepid with developers reporting take-up rates of just 55% and average asking prices decreasing 6% year-on-year, a Knight Frank report shows.

It’s a chance to get into the market as home builders look to clear excess stock at lower prices, according to Aliwassa Pathnadabutr, a managing director of CBRE Group Inc. in Thailand.

https://www.bloomberg.com/news/articles/2019-05-15/bangkok-s-empty-condos-create-buyer-s-market-as-foreigners-flee?srnd=premium-asia

COMMENTS

Ed 6 mths ago
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http://www.onyxthailand.com/wp-content/uploads/Bangkok-luxury-real-estate-market-1024x711.jpg



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jojo808 44 days ago
hi, is,there existing thread from the community on Bangkok mortgage providers to hk residents? so far Kasikorn Bank and UOB I've seen rates, but not competitive. K bank uses 3 month HIBOR as base, which hasnt come down at all..

wonder if any of the licensed virtual banks would offer competitive mortgages in hk, but not restricting to the overpriced hk properties.

thanks in advance


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