{"id":42023,"date":"2017-01-26T21:59:35","date_gmt":"2017-01-26T14:59:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/remote-risk-of-property-bubble-in-thailand\/"},"modified":"2017-01-26T22:10:18","modified_gmt":"2017-01-26T15:10:18","slug":"remote-risk-of-property-bubble-in-thailand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remote-risk-of-property-bubble-in-thailand\/","title":{"rendered":"Remote risk of property bubble in Thailand"},"content":{"rendered":"


\nHomes still within buyers\u2019 means
\nView from the Golden Mount in Bangkok, Thailand. nimmersatt\/Shutterstock
\nDespite some experts saying otherwise, local media reports there are no concerns about bubbles when it comes to Thailand\u2019s property market. Despite condo prices quickly increasing the past few years, they are still affordable to buyers, which means there are no bubble worries.
\nSurachet Kongcheep, Associate Director of the Research Department at Colliers International Thailand, tells the Bangkok Post that the price of residential units in Bangkok are still within the homebuyers\u2019 ability to pay. He also says there is plenty of affordable available supply on the market which goes against conditions found when a bubble forms.
\n\u201cAn average increase in condo prices in Greater Bangkok over the past few years was driven by the greater number of newly launched units in the high-end segment during that period, as they exceeded those in the lower-end segment,\u201d says Surachet.
\nThe increase in newly launched units in the high-end segment occurred after the rejection rate in mortgage loan approvals in the middle-to lower-end segment rose dramatically. This forced many developers to shift to the high-end market where home loan rejections were less likely.
\nMore: Thai highland property demand hits peaks
\nThe increase in condo prices can also be attributed to rising land costs, which have jumped 5-6 per cent annually during the past few years. Land prices in the central business district recorded a much higher average increase over this time.
\nSiam Commercial Bank\u2019s Economic Intelligence Center (EIC) is also of the opinion that despite an increase in housing prices in Greater Bangkok, there is no reason to be concerned about a possible property bubble in Thailand at the moment. The EIC added that there was not speculation in Thailand on the level of the Singaporean and Chinese housing markets that caused bubbles there.
\nPrasert Taedullayasatit, president of the Thai Condominium Association, says that there is one area of concern right now. That is the possible hike of the Bank of Thailand\u2019s policy rate. He notes that this might have an impact on housing demand in Thailand should it occur.
\nThis article originally appeared on DDProperty.com on 20 January 2017
\nRead next: 5 reasons Thai construction is hot again
\n
\nSource : property-report.com
\nRead more…Remote risk of property bubble in Thailand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homes still within buyers\u2019 means View from the Golden Mount in Bangkok, Thailand. nimmersatt\/Shutterstock Despite...<\/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-42023","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-aVN","jetpack-related-posts":[{"id":22466,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-condo-demand-in-bangkok-in-tip-top-shape\/","url_meta":{"origin":42023,"position":0},"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":132600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condo-developers-forge-ahead-with-launches\/","url_meta":{"origin":42023,"position":1},"title":"Bangkok condo developers forge ahead with launches","date":"March 19, 2019","format":false,"excerpt":"\r Bangkok condo developers are moving forward with launches in key locations this year despite expectations of a slump in the market, according to Colliers Thailand via Bangkok Post. 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