Today, the media is full of Thailand Real Estate “pessimism”: real estate and arrears recycling have risen and real estate prices have fallen… It’s like “the sky is going to fall down”! This situation has seen many real estate developers and general real estate investors leave the market, which is a terrible time for those who are considering starting real estate development.
In fact, the worst time to enter Thailand Real Estate development may be the best time. Today’s successful real estate developers realize that they can take advantage of time: their real estate development projects are usually not ready to sell or rent within two to four years of being established. Therefore, if they buy well, they are less likely to be affected by the economic situation when buying a real estate development site.
In fact, a weak market is a paradise for real estate developers because the market weakness is a buyer’s market, and the first step for any real estate development project is to ensure that possible sites in the best conditions for real estate development are possible.
Although we know that the Thailand Real Estate development business is cyclical, and many parts of the world are in the economic recession of property, we also know from history that real estate developers intend to succeed, decline, flatten or rise in any market.
We are working hard to achieve the economic conditions we believe are within 12 to 36 months. In fact, we are still active in the market and require the council to approve a range of real estate development projects. This gives us the opportunity to act quickly and build our approved Thailand Real Estate development projects as the market becomes active.
We believe that the following market signals are some of the key factors that lead to more future opportunities, especially for real estate developers:
- Repressed housing needs. In March 2008, leading Australian economist Dr. Frank Galeber, chief economist at BIS Shrapnel, believes that housing prices in Australia will be between 30% and 40% in the next five years due to lack of accumulation. Growing house.
- The current federal government says it will work hard to increase housing affordability and has begun if the property is leased to an announcement of less than 20% of the market rent, including a $6,000 tax credit per year.
- We believe that in the short and medium term, more and more people may need rental housing that we intend to build. This is due to economic pressures (you can’t afford a house) and/or demographic trends (including Gen-Ys that are unlikely to buy real estate).
Even if our “Crystal Ball” is not correct, we know that we have the resources to maintain the real estate development location during the possible market volatility in the future, and increasing the rent will definitely help this!
Our belief is that this is a golden moment to take action, perhaps a generation of opportunities. Maybe it’s not the time to sell a complete real estate development project, but it’s definitely a great opportunity to protect the development site and get approval from the development plan. Now, this strategy is not for everyone; you must have the resources you need to maintain your development site, especially real estate development, to take advantage of these opportunities.
The best way for anyone considering real estate development will depend on their personal and financial situation, but the key message here is what they must do!
There are a lot of strategies that small and medium-sized developers are using. If you don’t have enough resources to complete real estate development projects at this time, or even by locating the real estate property of the real estate, you may want to convert the real estate, perhaps the options on the website, and the people who have the resources. Sell ”development license approval”.
Successful real estate developers know that such opportunity times only occur from time to time and are taking steps so that they will not miss the ship.
Regardless of your financial situation, this is the best time to take advantage of your knowledge.