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
Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and…Continue reading
CB Richard Ellis Thailand says that the demand from developers for well located plots of land, especially in the centre of Bangkok and along mass transit routes, will remain strong this year. Kulwadee Sawangsri, executive director and CBRE’s Head of the Investment and Land Services, said developers looking to launch…Continue reading
Luxury properties with a sea frontage on the Thai island of Phuket were the best performing properties, according to the latest real estate market overview. The Residential Market View quarter three 2010 report from CB Richard Ellis shows that there was a continued recovery in tourism arrivals and the consultants…Continue reading
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
Demand for luxury real estate in popular far east tourist destinations such as Phuket and Koh Samui is increasing and experts are upbeat on the medium and long term outlook for the region. Property firms are reporting a recovery of purchasing power affecting the luxury residential markets in Bangkok as…Continue reading
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
Despite the stronger baht, foreign demand for luxury condominiums is picking up and will return to previous levels in the fourth quarter, says Aliwassa Pathnadabutr, the managing director of property consultant CB Richard Ellis (Thailand). She said the walk-in rate by foreigners at projects represented by her company had risen…Continue reading
Weak currencies add to impact of bloodshed Foreign demand for Thai property will likely plummet due to the tragic ending of anti-government rallies in Bangkok last week which cost scores of lives and led to widespread rioting throughout the capital, real estate consultants say. Patima Jeerapaet, managing director of property…Continue reading
The entire property market except the industrial sector and serviced apartments is showing signs of recovery as the political situation, the government’s stability and policies to promote foreign investment are helping revive foreign demand. Aliwassa Pathnadabutr, managing director of the property consultant CB Richard Ellis Thailand, said 2010 had begun…Continue reading