The Real Estate Information Center (REIC) will provide more property data, indices and market surveys next year, planning to charge for material in a ready-to-use format from next month.
Samma: Registration values often misstated
REIC director-general Samma Kitsin said the centre would earn a new income stream from information services to support spending on added services.
"We have new initiatives each year, rather than data collected from government agencies," he said.
In 2012, it will provide a resale price index by working with the Real Estate Sales and Marketing Association. In the future, it will do more studies to obtain additional details about existing supply _ for example, how long ago a house was built or how long it was in a developer's inventory before being sold.
For the past seven years, the REIC has provided property-related data collected from many government agencies including the Lands Department, district offices in Greater Bangkok, the Bangkok Metropolitan Administration's Civil Engineering Office, the National Statistics Office, the Board of Investment and the National Housing Authority via its website free of charge in a PDF format.
The REIC also gathers and produces more data not collected by other agencies, such as housing transfers and market surveys on sales in Greater Bangkok, which represent demand more accurately than the data on newly registered housing numbers from the Lands Department.
"The number of newly registered housing units tells how much supply there is in the market and developers' market share," said Mr Samma.
The centre bases its estimates of condominiums registered each year on a building completion time of approximately 18 months, and eight months for low-rise units prior to registration.
The value of registrations or transfers filed with the Lands Department cannot be applied as many buyers or sellers disclose unit values below the actual amount in order to avoid higher taxes and fees.
The REIC spends one million baht on housing market surveys in each zone. Besides Greater Bangkok, it provides market surveys in major provinces including Chon Buri, Phuket and Chiang Mai where the development markets are large.
For some provinces, including parts of the northeastern area, the agency does not conduct market surveys as most residents prefer self-built homes rather than buying a unit in a housing estate.
The centre also produces other indices related to the property industry. They are the price indices of single houses, townhouses and condominiums updated every half year; quarterly housing construction cost index; housing developer sentiment index; and monthly price index of wholesale construction materials.
From Oct 16, it will charge 5,000 baht per account annually for downloads of some property-related data in PDF or Excel formats, which will help users to promptly apply, calculate, estimate or do additional analysis on their own.
ฺBangkok Post 19/09/2011
Samma: Registration values often misstated
REIC director-general Samma Kitsin said the centre would earn a new income stream from information services to support spending on added services.
"We have new initiatives each year, rather than data collected from government agencies," he said.
In 2012, it will provide a resale price index by working with the Real Estate Sales and Marketing Association. In the future, it will do more studies to obtain additional details about existing supply _ for example, how long ago a house was built or how long it was in a developer's inventory before being sold.
For the past seven years, the REIC has provided property-related data collected from many government agencies including the Lands Department, district offices in Greater Bangkok, the Bangkok Metropolitan Administration's Civil Engineering Office, the National Statistics Office, the Board of Investment and the National Housing Authority via its website free of charge in a PDF format.
The REIC also gathers and produces more data not collected by other agencies, such as housing transfers and market surveys on sales in Greater Bangkok, which represent demand more accurately than the data on newly registered housing numbers from the Lands Department.
"The number of newly registered housing units tells how much supply there is in the market and developers' market share," said Mr Samma.
The centre bases its estimates of condominiums registered each year on a building completion time of approximately 18 months, and eight months for low-rise units prior to registration.
The value of registrations or transfers filed with the Lands Department cannot be applied as many buyers or sellers disclose unit values below the actual amount in order to avoid higher taxes and fees.
The REIC spends one million baht on housing market surveys in each zone. Besides Greater Bangkok, it provides market surveys in major provinces including Chon Buri, Phuket and Chiang Mai where the development markets are large.
For some provinces, including parts of the northeastern area, the agency does not conduct market surveys as most residents prefer self-built homes rather than buying a unit in a housing estate.
The centre also produces other indices related to the property industry. They are the price indices of single houses, townhouses and condominiums updated every half year; quarterly housing construction cost index; housing developer sentiment index; and monthly price index of wholesale construction materials.
From Oct 16, it will charge 5,000 baht per account annually for downloads of some property-related data in PDF or Excel formats, which will help users to promptly apply, calculate, estimate or do additional analysis on their own.
ฺBangkok Post 19/09/2011
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