COVID-19, economic slowdown not stopping rise in Bangkok land prices

13 Sept 11:20 Key points summarised by AI

Bangkok's undeveloped land prices continue to rise, albeit at a slower pace (4.1% quarterly since Q3 2020) compared to pre-pandemic levels, defying the economic slowdown.
The sustained price increase, particularly in eastern Bangkok, is primarily driven by the ongoing construction and nearing completion of several elevated train projects, including the Orange, Yellow, and Pink Lines.
Areas along both existing (BTS Sukhumvit) and developing transit routes have experienced significant land value appreciation, with some locations seeing over 300% growth in land prices over the past decade.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.