Real Estate Information Center Reveals Fourth Quarter, Domestic Transactions Record Record Record 3 Year Record – Expect National Bank To Cut 15% This Year
Great to transfer the house to escape the LTV – Mr. Wichai Viratphan, Managing Director of the Real Estate Information Center Government Bank for Housing Discovering the housing market situation around Bangkok, 4th quarter of 2018 and the trend of 2019 that the overall picture in the fourth quarter of 2018, the housing market situation of purchase demand and launch of new projects increased compared to the same period in 2017. From the demand point of view, there was an increase in the transfer of ownership of dwellings. And housing loans, the newly issued LTV, Bank of Thailand (BOT), which will enter into force on 1 April 2019, will result in a transfer of ownership and housing loans across the country. Acceleration before enforcement measures is 98,530 units, the highest since the fourth quarter of 2015 (the highest in three years) with measures to reduce tax and transfer fees. With a transfer of 118,234 units, and the transition of ownership of housing across the country in the course of 2018 is 363,711 units, an increase of 315,102 units over the previous year. In 2019, the ownership of the transfers is expected to be reduced to approximately 306 911 units or 15%
A total of 404 projects with a plan of 118,271 and a total project value of 538,767 million baht are planned for the overall picture of the new residential project launched in 2018. The number of projects decreased by 2.7%, but the number of units and value increased by 3.6% and 10.3%. %, Compared to 2017, which has 415 projects, 114 194 units and project value is 488 537 million baht
There are 244 housing projects, a drop of 9% and 45,063 units by 8.5%, but the value of the project is 217,811 million baht, an increase of 3.8% compared to 2017, 268 projects, 49,241 units, and project value 209 905. A million bahts and 160 housing units with 73,208 units and a project value of 320,956 million baht, which increases the number of projects and the value of the project increased by 8.8%, 12.7% and 15.2% in compared to 2017, which has 147 projects, 64,953 units and the project value is 278,632 million baht.
In 2018, listed companies were listed. Sales of 250 new residential projects, ie 61.9%, with 85,037 units, representing 71.9%, with a total project value of 389,315 million bahts or 72.3% of all new housing projects. Which are open for sale, decreasing from 2017, slightly in the number of projects Number of units and project value of 0.8%, 4.6% and 0.9% compared to 2017, when the listed companies opened 252 projects, 89.165 units, project value, a total of 393,009 million bahts
For residential trends, new apartment sales opened in 2019, Real Estate Information Center is estimated to be approximately 112,044 units, of which 41.1% are housing projects and 58.9% are dwellings. 100,800-123,250 units, a decrease of 5.3% compared to 2018 by 118,271 units
For the location of the top 5 new apartments in Bangkok – metropolitan area, 2018, and most of them are 1 bedroom apartments, most of them Huai Khwang – Chatuchak – Din Daeng. According to the Blue Line (MRT), most of them are sold at a price of 5.01-7.5 million baht. The price has risen from the original figure, which is most sold at the price of 3.01-5.00 million baht. Sukhumvit is also located. Along the BTS Skytrain line (Sukhumvit Line), mostly open for sale at a cost of 10 million baht or more
Part 3 is Phra Khanong – Bang Na – Suan Luang – Prawet. Most of them are sold at a price of 3.01-5.00 million baht, the price has risen from the original one, which is mostly sold at a price of 2.01-3 million bahts. Phaya Thai – Ratchathewi Along the line BTS Skytrain (Sukhumvit Line) Most of them are sold at prices of 5.01-7.50 and 7.51-10 million bahts. The price has risen from the original one, which is mostly sold for the price of 2.01-3.00 million bahts, the most and the fifth is Thonburi-Khlong San. – Bangkok Noi – Bangkok Yai – Bang Phlat Most of them are sold at a price of 2.01-3 million bahts.
"The trend is expected to be the result of credit control measures in 2019. Economic slowdown Including interest rate growth will affect the housing market The result will be a slowdown in demand and new projects In terms of the transfer of ownership of dwellings the number of units will decrease and their value will decrease by 17 , 9% and 15.1% compared to the previous year, housing loans are expected to decline by 2.8%, while the volume of new projects is expected to fall by 5.3% compared to 2018, but registered housing is expected to be 11 , 3% by 2018 due to the expansion of new projects launched last year, "said Mr. Wichai.