The peaceful outcome of the election has sparked renewed interest from institutional investors scared away from the local property market ever since the 2008 airport closures, with at least three deals in Bangkok and Phuket worth 5 billion baht possible by year-end. Longlom Bunnag, chairman of Jones Lang LaSalle (Thailand),…Continue reading
Residential projects worth Bt100 billion to be launched Buoyed by the high presales and total revenue in the first half of this year, the top-10 property firms listed in the Stock Exchange of Thailand (SET) plan to launch new residential projects worth more than Bt100 billion in the second half…Continue reading
The property sector in Thailand has seen rapid growth over the last decade, with many Thai and foreign investors purchasing units in condominium projects, for both investment and residential purposes. However, some purchasers have encountered problems with condominium developers that have not completed their projects as promised due to lack…Continue reading
The property market in the Thai resort of Pattaya is bouncing back again to become a hot spot for condominium buyers, attracting foreign and Thai investors, according to consultants. Pattaya’s strategic location will continue to be a key driver for growth in tourism and its property market, says international real…Continue reading
A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble. Variously described on Internet forums as looking “like it has been eaten by giant termites” and reflecting “the chaos of…Continue reading
The Thai property sector has seen only marginal growth during the political crisis of the last six years, and while domestic and international economic realities always play a large role in shaping the property market, the situation in Thailand is truly remarkable. A new government that could bring true stability…Continue reading
Phuket’s property market is recovering from the Global Financial Crisis but has yet to bounce back to the boom levels of 2007, a recent report from Colliers Thailand has found. The report made not of the distinction between inland areas of Phuket, which contain the vast majority of units, and…Continue reading
In every established property market, the super prime properties are a segment on their own. Super prime properties do not follow the mass market, neither do the super rich buyers whose criterion and judgement are far removed from the general market trends. London, for example, clearly reflects this. While the…Continue reading
The Joint Foreign Chambers of Commerce in Thailand (JFCCT) should be congratulated for raising the issue of foreign ownership and seeking to improve inbound real estate investment into Thailand. CB Richard Ellis (CBRE) Thailand adds its wholehearted support to a review of Thailand’s policy regarding foreign ownership. CBRE Thailand would…Continue reading
Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and…Continue reading