DDproperty.com revealed a 29% rise in online property search in the past 3 quarters, 42% of property seekers search for property below 3MB, Real Estate sector may grows at approximately 5-10% after Thai government approved a series of property stimulus packages
Mr. NapongPantong, Head of Marketing Thailand – All Property Media Company Limited, an administrator of DDproperty.com, Thailand’s leading property portal, disclosed property seekers’ behavior when searching for property online who have recently visited the website, DDproperty.com in the previous 3 quarters of 2015, there were 2.2 – 2.9 million visitors from January to August 2015 comparing to same period in 2014 there were only 1.7-2.3 million visitors, this remarkable jump accounted for 29% growth year on year. As we look closer, we can see a spike of 15% from Q1 to Q2.
Of all property seekers via DDproperty.com, 49% focus their search on detached house, 29% on condominium, and 25% on townhouse while most viewedproperty price is between 1-2.99 million baht. Second in line is property under 1 million baht which accounts for 27%. The active property listings listed on DDproperty.com also increase by 21% when compared to the previous year and the property type that majority of property sellers are favorable of selling is condominium which accounts for 49%.
If we were to examine the sales volume from the event hosted by DDproperty.com early this year, it clearly shows that consumer purchasing power stays strong despite the property market is under sluggish condition. “DDproperty Show Living and Investment” organized in September garnered striking interest from both first-time buyers and upgraders especially condominium located along mass rapid transit stations even with a small extension like green line from Bearing to SamutPrakarn. It also reported that over 1,000 property seekers attended the event which potentially generated at approximately over 3.8 billion bath revenue to developers.
Mr. NapongPantong, Head of Marketing Thailand also added that the company nowadays is acting as a strategic partner with Thailand’s listed developers and to coordinate property project exhibition and showcase to overseas’ buyers and investors. From 10-11 October 2015, DDproperty was graciously honored by Thailand’s leading property developers including Property Perfect Public Company Limited (PF), AP (Thailand) Public Company Limited (AP) and Ananda Development Company Limited (ANAN) who jointed our regional property event entitled “Emerging Markets Property Show 2015” at Orchard Hotel featuring over 20 condominium projects from all emerging countries such as Vietnam, Cambodia, Philippines, and Thailand. The event attracted over 500 attendees and Thailand was successfully generate cumulative sales value over 100 million bath. This is the second time that Property Perfect Public Company Limited (PF) took part in such property exhibition and showcased its key completed condominium projects that positioned within a short distance to mass rapid transit such as The Sky Sukhumvit, Metro Sky Prachachuen, HYDE Sukhumvit 11, and HYDE Sukhumvit 13. It can even be said that the response was not far off from Formula 1, an auto racing held the same time in Singapore on September 2015.
DDproperty also excites to announce and invite all property seekers to join an upcoming event “DDproperty Showcase” to be organized between 12-18 November 2015 at Central Plaza Ladprao with various year-end promotions being offered by the developer.
“Although Thailand’s economy currently can be categorized as sluggish, the search volume from property seekers via DDproperty.com showed that there is still constant demand for property. Highest percentage of consumers target properties valued between 1 – 2.99 million Baht. Government’s intention to lift the sluggish property market by rolling out property measures including reductions in the housing transfer and mortgage registration fee, personal income tax deduction especially for those purchasing a property less than 3MB, and soft loans amounting to 10 billion baht offered by the Government Housing Bank (GHB) will potentially boost at least 5-10% growth in Real Estate business.” NapongPantong stated.
DDproperty.com is the leading Thailand Property website – the best place to start your real estate search whether you are an investor, buying for own use, or looking for a place to rent. In DDproperty, you can find thousands of properties for sale and rent with detailed information about each property, including maps and photos. We bring you the most comprehensive selection in the market – the most popular condominiums, houses and commercial property. If you need additional help in your housing hunt, you can also consult our preferred real estate agents using Ask Guru – or if you a looking for a specialized agent, you can search our Agent Directory.
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