Developer Pruksa Real Estate remains focused on low-rise houses in locations with good sales rates, using online channels and clearing inventory to maintain presales and revenue targets amid a sluggish market.
18 A migrant workers dormitory in Bang Chalong market, Bang Phli district, Samut Prakan on Sunday following the announcement of lockdown measures on construction sites and worker camps in Greater Bangkok. Wichan Charoenkiatpakul
The 30-day temporary lockdown of all construction sites and worker camps in Greater Bangkok will cost 140 billion baht and have a ripple effect across all supply chains in the construction and property sector with unpredictable losses.
Sarun Rojlertjanya, deputy secretary-general of the Thai Contractors Association, said losses from the abrupt lockdown order in the construction sector would be larger than the value it contributed to gross domestic production.
Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency.
Pruksa offers adjustable wall structure for homes
published : 5 Jun 2021 at 04:00
Pruksa Real Estate Plc, the country s largest precast housing developer, is allowing homebuyers to change home functions, cutting or adding rooms for the first time since its establishment in 1993.
Chief executive Piya Prayong said this option is going to be available for more projects later this year. It comes as consumers change their lifestyles during the pandemic, spending more time at home for work. For units with this option, the internal wall will not be load-bearing as it needs to be adjustable, said Mr Piya. Customers can reduce or add rooms as they wish.
Reduced homebuyer fees help market stay active
4
published : 28 Jan 2021 at 09:02
4
A renewal of the reduced property tax measures for another year can help boost housing demand and purchasing power, says a property consultancy, even as the cut in transfer and mortgage fees remains capped at 3 million baht a unit.
Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the measures help developers and consumers.
The cut in transfer and mortgage fees from 2% and 1%, respectively, to 0.01% should not be capped for units priced 3 million baht and lower, he said. It should be applied to all price ranges, or at least up to 10 million baht.