Foreign buyers back amid political calm

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

Bangkok property boom rises above bubble fears

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

Recovery of property sector hinges on stability

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

In Bangkok’s “super prime” market, location is everything

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

Bangkok’s property market moves towards emerging markets

The economic crisis has shaken the West’s confidence and the fact that the economies of China and India are growing by 10% and 9% respectively, compared with 3% for America and 2% for Europe, goes somewhere to demonstrate that shift happens. At the end of last year, The Economist published…Continue reading

Oversupply fears set to slow Bangkok’s property market

Oversupply fears will slow the Thai property market for a couple of months before positive sentiment will resume next year, according to local developers. Mayta Chanchamcharat, Director and Chief Business Officer of Pruksa Real Estate said concerns about a possible property bubble in Bangkok and the Bank of Thailand’s announcement…Continue reading

Bangkok property prices survived the political unrest earlier this year, report show

Residential property prices in Thailand have weathered the civil unrest in April and May in Bangkok which slowed the launch of new projects but did not cause panic selling, according to analysts. The latest report on the Thai real estate markets shows that development resumed quickly in Bangkok. The Bangkok…Continue reading