Prices expected to see steep increase Growing demand for homes in Hua Hin is presenting a challenge for property developers as both local and foreign buyers seek condominiums in the area, property agencies said. Risinee Sarikaputra, Knight Frank Chartered (Thailand)’s associate director of research and consultancy, said beachfront condominiums 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 Charn Issara Development (CI) has revealed plans to develop two new projects in resort towns Cha-am and Hua Hin in response to growing demands from both local and overseas buyers. The first project in Cha-am will be a mixed-use development worth THB1.7 billion (US$56.84). The company will co-invest with…Continue reading
The Pattaya, Thailand property market is growing in popularity and more big developers are expanding their investments in the area, The Nation newspaper has reported. Listed developer LPN Development is a new name in the resort town market. The company recently launched its first condominium project in Pattaya called Lumpini…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 luxury property developer Raimon Land has awarded the THB 2.4 billion (US$79.3 million) building contract for its 185 Rajadamri condominium project to Bouygues Thai, the local subsidiary of leading international construction firm Bouygues. Bouygues Thai will be responsible for the overall building construction including the management of sub-contractors for…Continue reading
The real estate market in Bangkok is largely dominated by domestic buyers as various restrictions on foreign investment is ensuring that they stay away, according to a new analysis. There were no significant income producing property transactions in Bangkok during the fourth quarter of last year and yields did not…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