Tuesday, March 31, 2020

Spike seen in online property searches

Oct 16. 2015
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By THE NATION

THE REAL-ESTATE portal |DD property. com says there was a 29-per-cent rise year on year in online property searches in the first three quarters, while 42 per cent of the searches were for properties worth below Bt3 million.

The positive signs have followed a series of government stimulus packages, with the sector forecast to grow by 5-10 per cent this year.

Of the total number of people searching for properties via DDproperty.com, 49 per cent focused on detached houses, 29 per cent on condominiums and 25 per cent on townhouses. The most viewed property prices were between Bt1 million and Bt3 million.

Properties priced under Bt1 million accounted for 27 per cent of searches.

Active property listings listed on DDproperty.com increased by 21 per cent from last year and the property type that most people favoured was condominiums at 49 per cent.

DDproperty.com said the sales volume early this year showed consumer purchasing power was strong despite the property market suffering sluggish conditions.

“Living and Investment”

It said the DDproperty.com “Living and Investment” show last month garnered striking interest from first-time buyers and those upgrading properties, especially for condominiums located along mass-transit lines – even those with a small extension like the Green Line from Bearing to Samut Prakan.

DDproperty.com said more than 1,000 property seekers attended the event, potentially generating more than Bt3.8 billion in revenue for developers.

Napong Pantong, head of marketing for the All Property Media Company and a DDproperty.com administrator, said DDproperty.com acted as a strategic partner with listed developers, coordinated property exhibitions and showcased the market to overseas investors.

Last weekend DDproperty.com staged the “Emerging Markets Property Show”.

The event featured more than 20 condominium projects from countries such as Vietnam, Cambodia, the Philippines and Thailand and attracted more than 500 attendees. DDproperty.com said the show generated sales of more than Bt100 million for Thailand.

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