The Latest Breaking News from Vichai Viratkapan

Second-hand homes take centre stage in new cycle

The residential market may have already bottomed out, but a recovery is unlikely to resemble previous cycles, with second-hand homes expected to become the primary growth engine as affordability challenges continue to reshape buyer behaviour.

Bangkok Post · Jul 21

The eternal joust over rate hikes

Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers.

Bangkok Post · Jun 11, 2023

Developers take a hit as LTV easing ends

The expiration of the easing of loan-to-value (LTV) limits has had an impact on two-thirds of listed developers, resulting in residential sales revenue declining year-on-year in the first quarter of 2023.

Bangkok Post · May 17, 2023

Ayutthaya condo market sees rebound

The growing industrial sector and a tourism recovery helped the Ayutthaya property market register a strong rebound for condos priced 1-1.5 million baht in the second half last year.

Bangkok Post · Apr 2, 2023

China picked to catapult Thai economy

China's economic growth and the preference among Chinese for Thai properties should make it a key driver for the Thai economy and property market, according to economic and property analysts.

Bangkok Post · Mar 15, 2023

REIC revises up property market outlook for this year

The total residential property index projection for 2023 has been upgraded as reduced transfer and mortgage fees continue to offer benefits to buyers of mid-scale properties.

Bangkok Post · Feb 16, 2023

Market for pre-owned homes grows

The number of second-hand homes for sale nationwide costing 3 million baht or below posted the highest increase in the fourth quarter last year as the property measures for the segment expired at the end of the year.

Bangkok Post · Feb 8, 2023

Land prices surge amid urban growth

Infrastructure, including a new expressway, along with urbanisation driven by mass transit expansion and market competition pushed Bangkok land prices up by as much as 75% in recent years.

Bangkok Post · Feb 2, 2023

Price index hits high in final quarter

The price index soared for new single detached houses in Samut Prakan, Nonthaburi and Pathum Thani in the fourth quarter last year, hitting an all-time high after land prices in the three provinces increased in the previous quarter.

Bangkok Post · Jan 22, 2023

REIC expects housing prices to expand by 5-10% in 2023

Housing prices are projected to rise by 5-10% this year as the standard home construction price index continued an upward trend, with a year-on-year increase of 5.6% in the fourth quarter of 2022 amid a labour shortage.

Bangkok Post · Jan 17, 2023