\nTime to be cautious? <\/p>\n
The condominium market in Bangkok must be watched cautiously this year, according to Knight Frank Thailand with a number of factors pointing to an uncertain year. While it is not all doom and gloom, the consultancy\u2019s 2017 outlook points to some risk.
Time to be cautious? The condominium market in Bangkok must be watched cautiously this year,...<\/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-40159","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-arJ","jetpack-related-posts":[{"id":24280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/11th-thailand-property-awards-2016-finalists-revealed-who-will-bring-home-the-gold\/","url_meta":{"origin":40159,"position":0},"title":"11th Thailand Property Awards 2016 finalists revealed: Who will bring home the gold?","date":"August 29, 2016","format":false,"excerpt":"\r A stellar mix of boutique and large-scale luxury projects comprise this year\u2019s official shortlist MQDC Magnolia Quality Development Corporation, Minor International and boutique firm Lucky Living Properties are just a few of the top contenders in the biggest real estate awards programme in the Kingdom, the 11th Thailand Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-demand-in-bangkok-in-tip-top-shape\/","url_meta":{"origin":40159,"position":1},"title":"Luxury condo demand in Bangkok in tip-top shape","date":"August 10, 2016","format":false,"excerpt":"\r An influx of foreign buyers from Hong Kong, Singapore and Taiwan take advantage of higher yields Magnolias Waterfront-Residences at IconSiam One of Thailand\u2019s most active developers, Magnolia Quality Development Corporation (MQDC), thinks demand for luxury condominiums in Bangkok will remain strong and won\u2019t be hindered by the weak overall\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remote-risk-of-property-bubble-in-thailand\/","url_meta":{"origin":40159,"position":2},"title":"Remote risk of property bubble in Thailand","date":"January 26, 2017","format":false,"excerpt":"\r Homes still within buyers\u2019 means View from the Golden Mount in Bangkok, Thailand. nimmersatt\/Shutterstock Despite some experts saying otherwise, local media reports there are no concerns about bubbles when it comes to Thailand\u2019s property market. 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New supply is set to come online in the neighbourhoods of Thong Lor, Ramkhamhaeng, Charoen Nakhon, Sam Yan and Talat Phlu,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-kingdoms-finest-real-estate-is-rewarded-at-11th-thailand-property-awards-2016\/","url_meta":{"origin":40159,"position":5},"title":"The Kingdom\u2019s finest real estate is rewarded at 11th Thailand Property Awards 2016","date":"September 23, 2016","format":false,"excerpt":"\r A full coverage\u00a0of\u00a0Thursday night\u2019s 11th anniversary gala Winners of the 11th Thailand Property Awards 2016, which were announced on 22 September at the Plaza Athenee Bangkok (a Royal Meridien hotel) The long wait is over \u2013 MQDC Magnolia Quality Development Corporation, which collected a total of eight awards, waltzed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40159"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=40159"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40159\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe report explains that purchasing power in Thailand remains subdued as a whole with the income levels of those in new segments of demand not being high enough. Household debt also continues to be high with banks remaining stringent on releasing credit. There was a high volume of loan rejections last year, especially for budget condos outside Bangkok, and it is something that could carry over to 2017. GDP in Thailand is also expected to increase very modestly this year which is another blow to the city\u2019s condo market.
\nMore: These are Thailand\u2019s priciest villas
\nThe budget condo market in the outskirts of Bangkok continues to have a high level of risk due to the weakening market conditions. There is also a high supply remaining in the market, especially along the suburban train lines. Moreover, new projects are still being planned to boost development, given that there is still an ample supply of land available for development.
\nThe overall sentiment is that investments in Bangkok\u2019s condo market must be watched cautiously, Knight Frank concludes. The company warns investors to be careful due to all of these factors which could put a damper on market moving forward. However, it is not all bad news for those looking to invest this year in Bangkok\u2019s condo market.
\nThe fringe area of Bangkok is likely to offer good development opportunities, as there is still demand here while supply of available land for development is limited. This means projects launched in these areas have a good chance of achieving high sales and should see prices increase, according to Knight Frank.
\nThis story originally appeared on DD Property on 9 January 2017
\nRead next: This property market in Thailand isn\u2019t impressing anyone
\n
\nSource : property-report.com
\nRead more…Bangkok condo market awash with uncertainty for 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"