{"id":11332,"date":"2016-04-25T16:52:32","date_gmt":"2016-04-25T09:52:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/did-the-thai-property-stimulus-package-work-new-findings-revealed\/"},"modified":"2016-04-25T16:53:01","modified_gmt":"2016-04-25T09:53:01","slug":"did-the-thai-property-stimulus-package-work-new-findings-revealed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/did-the-thai-property-stimulus-package-work-new-findings-revealed\/","title":{"rendered":"Did the Thai property stimulus package work? New findings revealed"},"content":{"rendered":"


\nQ1 2016 launches and pre-sales totals in Thailand are not stellar
\nImage credit: Bangkok.com
\nResearch from RHB Thailand noted that investors continue to have concerns about a slowdown in demand as well as potential oversupply problems in Thailand\u2019s property market. There is also a general feeling from certain investors that the industry has lost its focus. It was reported that the property market remains weak with the current property stimulus package not having the intended effect in increasing pre-sales.
\nAnd while it is hoped that the low valuation found in the property sector may tempt investors to enter once a turnaround appears to be on the horizon, pre-sales have been dire in the first quarter, down 13 percent year-on-year, and 23 percent from the previous quarter.
\nEarly predictions have the pre-sales figures for this quarter totalling THB41 million (USD398,600). RHB Thailand is also predicting new launches to be down by 30 percent y-o-y during the first half of 2016 with a majority of developers waiting until later this year to unveil new projects.
\nMore: Thai mass-market developer switches to the profitable luxury segment
\nThat is because market sentiment remains weak with investor concerns outweighing any potential positives. Another issue holding up new launches and pre-sales is the fact that developers have been focusing on clearing housing stocks while the stimulus package is still in effect to allow buyers to take advantage of the rate cuts. It is predicted by RHB Thailand that 70 percent of the total project launches this year will take place in the second half.
\nSome developers like Supalai and Sansiri have bucked the downward trend and recorded y-o-y pre-sales growth. However the outlook was less optimistic for Ananda Development and LPN Development who saw their pre-sales in the first quarter drop sharply by 49 percent and 36 percent respectively when compared to their totals from 2015.
\nIt was also pointed out by RHB Thailand that more competition for mid- to high-end condominium projects along Bangkok\u2019s mass transit routes is coming. This is due to the fact that more developers are planning to come into this segment, which is one of the few still recording healthy take-up rates.
\nThis story originally appeared on DDproperty.com on 25 April 2016.
\n
\nSource : property-report.com
\nRead more…Did the Thai property stimulus package work? New findings revealed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Q1 2016 launches and pre-sales totals in Thailand are not stellar Image credit: Bangkok.com Research...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11332","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2WM","jetpack-related-posts":[{"id":29333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-investors-lining-up-for-city-property-as-pre-brexit-sales-re-emerge\/","url_meta":{"origin":11332,"position":0},"title":"Foreign investors lining up for City property as pre-Brexit sales re-emerge","date":"October 10, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Foreign investors lining up for City property as pre-Brexit sales re-emerge","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":669,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-things-to-remember-from-thailands-property-stimulus-proposal\/","url_meta":{"origin":11332,"position":1},"title":"3 things to remember from Thailand\u2019s property stimulus proposal","date":"January 4, 2016","format":false,"excerpt":"\r First-time buyers are the main beneficiaries of the kickstarter\u00a0package In a bid to revive\u00a0Thailand\u2019s waning real estate sector, Finance Minister\u00a0Sommai Phasee\u00a0recently approved a stimulus package aimed for to\u00a0increase the pace of property transfer in the country, the\u00a0Bangkok Post\u00a0recently reported. 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