Ananda sees Thai property market starting to pick-up, announces launch of 6 new projects worth 21 billion Baht

[webfact]

 

By Thanaphum Charoensombatpanich

Thailand’s property market has started to see recovery and many of the developers are starting to plan major project launches as economy starts to see recovery.

 

As part of the move Thailand’s real estate developers such as Ananda Development Plc (ANAN) decided to announce that it was looking to launch as many as 6 projects during the 2nd half of the year that would be worth more than 21 billion Baht.

 

The bold move to launch so many projects by Ananda comes as the company starts to become more confident about the sales and transfer, thanks to the recovery in the economy and measures undertaken by the government to help the real-estate sector.

 

Full story: https://www.thaienquirer.com/43776/ananda-sees-thai-property-market-starting-to-pick-up-announces-launch-of-6-new-projects-worth-21-billion-baht/

 

-- © Copyright Thai Enquirer 2022-09-06

 

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[Celsius]

Worst developer in Thailand

[ed strong]

No countries property market is 'starting to see recovery' but nice try.

[RichardColeman]

Should ban any more developments in thailand until they have sold 50% of all the empty properties  first. 

[Joe Farang]

3 hours ago, RichardColeman said:

Should ban any more developments in thailand until they have sold 50% of all the empty properties  first. 

When Bangkok sinks they will need all the empty Condos for the population.

[KIngsofisaan]

Severe over supply will only get worse.

 

 

[mikebell]

Anyone building now has money it daren't put in the bank.

[hotchilli]

21 hours ago, webfact said:

Thailand’s property market has started to see recovery and many of the developers are starting to plan major project launches as economy starts to see recovery.

Try selling the vacant ones first....

[Harveyboy]

18 hours ago, RichardColeman said:

Should ban any more developments in thailand until they have sold 50% of all the empty properties  first. 

yep loads of properties all over Thailand empty can't give the places away ..But need to build more ? 

[newnative]

15 hours ago, RichardColeman said:

Should ban any more developments in thailand until they have sold 50% of all the empty properties  first. 

     I think there are very few new or newer highrise projects in Pattaya that are less than 50% sold.   Are there some failed projects and some struggling projects?  Yes, but they are far-outnumbered by all the successful ones that have been completed.  

    There are always exceptions but I think few big projects break ground without a healthy number of bookings and financing already in hand.  Pattaya has a number of highrise projects in the construction and finishing stages--Once, Riviera Monaco, Copacabana, Edge, Riviera Ocean Drive, Arom, Empire Tower, Panora, Arcadia Millennium Tower, and some others.  But, not too many I know of that are about to break ground.  I think some developers are pausing on their own while they wait to see when the Chinese and other foreign buyers will be back.

[radiochaser]

On 9/6/2022 at 8:40 PM, hotchilli said:

Try selling the vacant ones first....

My wife is buying a new, unsold condo.   Price dropped from 9 million to 4.8 or 4.9 (I should ask her which).   Probably overpriced to begin with.