BANGKOK, 10 October 2014 The Thai Real Estate Association, the Housing Business Association, and the Thai Condominium Association have joined forces in organizing the 31st House and Condo Expo under the theme of ‘Ultimate Solutions to all Housing Needs’ during 9 -12 October 2014. The event is expected to attract more than 100,000 visitors, or to generate over 4 billion baht of income.
The 31st House and Condo expo is organized to stimulate the real-estate market in the last quarter of the year, boost consumers’ confidence, and also allow Thais to gain access to housing loans. The fair features more than 600 projects covering land plots, houses, condos, shop houses, resort homes, and golf courses both in Bangkok and in other provinces.
Thailand Real Estate Association expressed confidence that Thailand’s real estate sector would recover by the second half of this year and grow continuously afterwards. During the previous quarters, several factors had affected the real-estate market, including the political turmoil, but the current economic fundamentals have been improved due to the new government’s stability. An improvement in the nation’s consumer confidence has already shown during the last quarter.
The real estate sector is to expand by 10 percent in 2015 and will continue to grow at that pace for the next 3-5 years.
Real estate sector in the last quarter is to grow by leaps and bounds during the next few years, given house prices remaining relatively low. Many real estate developers have been pushing for the sales of their property by offering wide-ranging incentives to attract customers.