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Mortgage rejection rate hits condo launches

Mortgage rejection rate hits condo launches

The high mortgage loan rejection rate in the first quarter of 2024 caused condo developers to put the brakes on new launches in Greater Bangkok in the second quarter.

17 Sep 2024 at 06:05

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  • Ministry suggests stimulus efforts have generated B65bn

    Ministry suggests stimulus efforts have generated B65bn

    The government's real estate stimulus measures have already injected about 65 billion baht into the economy, according to the Finance Ministry.

    12 Jul 2024 at 05:43

  • Mortgage terms may be extended

    Mortgage terms may be extended

    The Ministry of Finance is planning to hold discussions with commercial banks about the possibility of extending the home loan repayment period to a maximum age of 85 among borrowers in...

    10 Jul 2024 at 18:18

  • Property developers' sentiment plunges

    Property developers' sentiment plunges

    The sentiment index for housing developers in Greater Bangkok dropped in the second quarter to its lowest level in 15 quarters.

    10 Jul 2024 at 09:10

  • Investment buyers fuel London demand

    Investment buyers fuel London demand

    Demand for London residential properties among wealthy Thais rose 20% in the first half, driven by investment buyers.

    09 Jul 2024 at 06:01

  • Tris issues warning on falling demand

    Tris issues warning on falling demand

    Tris Rating, a Thai credit rating agency, warns that property and leasing businesses should be strictly monitored in the second half based on decreasing demand.

    08 Jul 2024 at 06:00

  • Chinese crucial to Phuket in Q4

    Chinese crucial to Phuket in Q4

    August will be a critical month to gauge the number of Chinese tourists in Phuket during the fourth quarter, as the condo market on the island is projected to have the highest launch of...

    08 Jul 2024 at 05:37

  • Concerns about foreign property perks downplayed

    Concerns about foreign property perks downplayed

    The government has played down concerns raised over the possible negative impacts of its proposal to increase the foreign ownership quota for condominiums to 75% and extend land leaseho...

    06 Jul 2024 at 17:28

  • Residential market contracts in Q1

    Residential market contracts in Q1

    Thailand's residential market index in the first quarter of 2024 dropped for the sixth consecutive quarter, plunging to a low point post-pandemic as GDP growth slowed to 1.5%.

    05 Jul 2024 at 04:52

  • Property rules could mimic Singapore

    Property rules could mimic Singapore

    The government should ensure Thais can afford homes and should limit the areas for extending foreign ownership of condos to specific zones, even within a single province, to avoid oppos...

    03 Jul 2024 at 06:04

  • Ananda hit by Myanmar sale failures

    Ananda hit by Myanmar sale failures

    SET-listed Ananda Development disposed of shares in five serviced apartments worth a combined 2.54 billion baht to realise revenue in the second quarter after condo sales to buyers from...

    02 Jul 2024 at 04:56