Kaidee, the Thai online marketplace, has launched BaanKaidee (Baan.Kaidee.com) to buy, sell and rent real estate, including houses, condos, land, offices, commercial properties, resorts and hotels.
The site is equipped with new features for better navigation to quickly and easily connect buyers and sellers. BaanKaidee aims to be the leading real estate marketplace in the country, the company said.
Tiwa York, CEO at Kaidee, said: “In 2017, property ownership transfers in Thailand totalled 524,000 homes. This was split into 52 per cent residential and 48 per cent other property types. The total value of transfers was nearly Bt1.2 trillion.
"The majority of trade is still happening through traditional channels. We expect this to change rapidly.”
Property has been the third most popular category on Kaidee since 2016. In the first half of 2018, over 10 million Thais visited BaanKaidee with over 150 million pages viewed.
During this period, 4,307 properties were sold worth more than Bt8.6 billion. The variety of properties successfully sold include a school valued at Bt50 million in Chiang Mai province and land in Ubon Ratchathani province worth Bt28 million.
York added: “We’ve seen a shift in behaviour over the past two years from people only looking for condos and houses to searching for all kinds of property online.
“Most people think that people are only searching for central Bangkok online. However, from our data, we can see that interest extends well beyond,” York said.