The Agent (Property Expert) Company reaffirms its professionalism in quality real estate brokerage in prime locations, revealing that the current real estate market presents a golden opportunity for consumers and investors ready to shop for good deals at special prices. Many developers are launching special promotions and offering ready-to-move-in residences in high-potential locations, such as popular areas near the BTS skytrain and educational institutions. Currently, the special offers include two years of free living and free transfer fees. Condominiums near the skytrain continue to be more liquid than other types of real estate.

Mr. Ananop Wongchumphit, Assistant Managing Director and CEO of The Agent (Property Expert) Co., Ltd., a subsidiary of Ananda Development Public Company Limited, an expert in presenting potential real estate for both living and investment in locations near the skytrain, both domestically and internationally, stated that the ongoing economic slowdown and the COVID-19 pandemic have continuously hampered the global economy. The Thai real estate sector has also been adversely affected by government measures tightening bank lending, including LTV and DSR regulations, which have reduced the number of potential buyers. Meanwhile, the supply of ready-to-move-in properties in the market has increased by an average of 6-10% per year.

As a result, many real estate developers are launching special promotions, including price reductions on residences, whether condominiums or landed properties, to stimulate purchasing power in the currently sluggish market. This makes the present time a Golden Time or golden opportunity for purchasing real estate for both personal residence and investment, as there are numerous ready-to-move-in projects available in various locations, allowing potential buyers to view actual units and real views at special prices lower than the normal market rates. Additionally, the current low interest rates further reduce the cost of purchasing real estate, along with various promotions from developers, such as Ananda Development Public Company Limited, which is running a special campaign offering free transfer fees, free common area fees, free furniture, and assistance with bank payments for the first two years. This is considered the best time to buy real estate, suitable for both personal residence and investment, with offers that allow customers to own properties without increasing their financial burden, including the option to live for free for up to two years.

A survey of important factors in choosing to buy a condominium near the skytrain indicates that location is crucial. A good location continues to have strong demand. For example, areas near educational institutions generate significant demand for both purchasing and renting, which will positively impact future returns from buying or renting. For instance, Ananda's projects for rental investment during this special pricing period have the potential to achieve rental yields of around 5-7%, such as the Ideo Mobi Asoke project near Srinakharinwirot University, the Elio Del Moss project near Kasetsart University, or the newly completed Ideo Q Victory project near the Faculty of Medicine at Mahidol University, Rama, and Phra Mongkut. Customers are starting to inquire about buying and renting in anticipation of the new school term. According to the inquiry data from The Agent, over 90% still have a demand for purchasing and renting condominiums near the skytrain and community areas to facilitate daily commuting.

From further discussions, it was found that most customers often compare distance with travel time and increased travel costs, which highlights the main reason why most people choose to buy condominiums: convenience and reduced travel time. Therefore, locations with high demand for buying and renting will be near the skytrain and educational institutions, providing convenience for personal living and easy rental opportunities. If they wish to sell, there will also be a chance for profit or high returns.

“Although this is not a year of vibrant activity in the real estate market, it is an interesting year for buyers seeking residences and investors ready to invest in the medium to long term. It is a great opportunity to purchase real estate at lower prices with the potential for valuable returns in terms of future price appreciation. This means that developers will need to work harder to present a wider range of options in the market for customers,” Mr. Ananop stated.