After almost two years of stagnation, the SET-listed developer Golden Land Property Development Plc (GOLD) plans to aggressively rebuild brand awareness and diversify into a new lower-priced segment. Pat Seth, the company’s vice-president for development, said it did well in the luxury housing segment after achieving target sales of one…Continue reading
Foreign firms using Thai nominees to hold property should restructure their holdings and seek Thai partners to legalise their investments, said Patima Jeerapaet, chairman of the property committee of the Joint Foreign Chambers of Commerce in Thailand (JFCCT). The Thai partner should be a “real investor” that will withstand scrutiny…Continue reading
While rental yields may seem moderate in the current economic climate, continued low interest rates are likely to ensure market stability as property remains the favoured investment. Interest rates play a complex role in the property market. On the one hand, they help set the price of property by dictating…Continue reading
Fractional ownership of property may not appeal to Thai buyers, due to their unfamiliarity with the concept and the lack of regulation, experts say. Fractional ownership is common in other countries where property is priced too highly for buyers to own an entire unit, said Phanom Kanjanathiemthao, managing director of…Continue reading
Already popular in more developed markets, the trend towards fractional ownership is growing in Phuket, and in the current economic downturn, it offers opportunities to enjoy luxury products that might otherwise be out of reach. Bill Barnett traces the emergence of the fractional phenomena. Legally speaking, Thailand does have consumer…Continue reading
Luxury condominium developer Raimon Land announced today the diversification of its product portfolio through the launch of its first lifestyle products: The Heights Private Residence Club, Northpoint Private Residence Club and The River Private Residence Club. The Private Residence Clubs will initially include three of Raimon Land’s properties in Thailand’s…Continue reading
But segments for foreigners still suffer. The outlook for the local property market is bright for the rest of the year but remains dim for segments targeting foreigners, according to property developers, experts and agencies. Atip Bijanonda, president of the Thai Condominium Association, said the condominium market would boom in…Continue reading
Publicly-listed Thai condominium developer, Raimon Land PLC recently released their latest condominium research – Condominium Focus Thailand. Focusing primarily on Bangkok and Pattaya, there is no research on resorts markets such as Phuket as there has been in the past, presumably due to Raimon Land´s The Heights Phuket condominium development having been finished. Continue reading
The Thai Condominium Association has joined hands with property agency Century 21 Real Affiliates (Thailand) to stage the first Thailand Condo Expo in Singapore from October 23-25. Continue reading
Bank restrictions stymie small developers – customers lodge complaints with Department of Special Investigation Continue reading