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 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
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
The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread. According to a senior official, property sales in Krabi, Koh Samui and Phuket have mushroomed in recent years, skyrocketing land prices in some areas 100-fold from…Continue reading
New condo launches plummet 46% in Q1 – Cooling-off period seen as healthy sign Concerns about an overheating condominium market were allayed in the first quarter of 2011, with a fall of around 46% of new launches when compared to the previous quarter, according to the property services company Colliers…Continue reading
Thailand’s fast-growing property market runs a risk of facing a slowdown after its robust growth last year, according to a real-estate expert. “Look at the Thai [property] market. Whenever you see completions go a hundred thousand a year, you start to see probably a slowdown now. Things may change. I’m…Continue reading
Thailand’s listed property firms reported robust profits last year despite negative factors including political unrest, rising interest rates, and the end of tax incentives last June. Sansiri recently reported a consolidated net profit of THB1.898 billion (US$62.39 million) last year, rising 18 per cent year-on-year, on revenue of THB18.75 billion…Continue reading
Thailand’s real estate investment market in the second half of 2010 remained buoyant with several major transactions being sealed, according to the latest report from Colliers International. The THB35.5 billion (US$1.16 billion) sale of Carrefour retail stores to the French retail operator Big C Supercenter boosted up the Kingdom’s investment…Continue reading