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
One of things I enjoy most about Phuket is seeing the brightly coloured fishing boats setting out to sea on their nightly fishing trip. Some nights, when the sea is calm, there are hundreds of coloured lights flickering on the horizon. As morning arrives there’s a hustle and bustle on…Continue reading
Foreign demand for real estate in Phuket and Hua Hin is recovering, says Duangjai Kraus, executive chairman of the property broker Double 8 Realty Co, Ltd, city resale condo market also thriving. Most inquiries are coming from potential buyers in Europe, said the master licence partner of Engel & Volkers…Continue reading
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 demand for Thai property will collapse in the aftermath of the Songkran protests, property experts say. They say the government needs to implement measures to spur foreign demand, such as increasing maximum lease terms, having 100% foreign ownership zones for condominiums, providing financial support for foreign buyers, and issuing longer visas. Continue reading
Pattaya is currently witnessing a slowdown with a very significant volume of new supply entering the market in 2008 and a lot more in the pipeline for 2009, says Robert Collins, managing director of Savills (Thailand) Limited. Continue reading
Formula 1 world champion Kimi Raikkonen joined real estate agents, investors and fellow purchasers at Outrigger Serenity Terraces Resort Phuket in Thailand on October 4 to celebrate completion of phase I of the property. Raikkonen has purchased an absolute beach front pool villa at Serenity Terraces, which is on Rawai…Continue reading
Continued growth in the luxury resort market fuels need for CBRE expansion CB Richard Ellis has opened a new office in Koh Samui in response to growing investor demand and the number of quality developments on the market. CBRE is a leading real estate service provider in Thailand and has…Continue reading
Land prices on Patong Beach in Phuket now reach 100 to 200 million baht per rai (250,000 to 500,000 per square wah), showing strong demand from high-end buyers Continue reading
The tourism industry continues as the main driver behind interest in Thailand’s resort condominiums, with holiday destinations close to Bangkok receiving the most attention Continue reading