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
Thailand’s property market is considered one of the major business sectors in Thailand which is inevitably on the boom with the economical development of the country. Thailand has passed its turbulences in year 2010 which is considered one of the most difficult years in the Thai history as well as…Continue reading
2010 represented a record number of launches, dwarfing the figure for 2009 according to the latest Bangkok condominium market report from Colliers International Thailand (CIT). In Q4 2010 alone, over 20,000 units were launched for the whole of Bangkok, including the suburbs, while a total of newly launched condominiums for…Continue reading
Thailand needs clearer regulations and policies to attract more foreign property investment, says George McKay, managing director of Colliers Corporate Services Asia Pacific Region. “Rules should be rules. Some regulations are not clear enough – like foreign property ownership. Investors want clarity. It builds confidence. Unclearness will obstruct investment,” he…Continue reading
Bangkok’s central business district seems set to spread along Rama IV Road as land for development becomes scarce on Sukhumvit, Silom and Sathorn roads. A growing number of property projects will be launched around Rama IV Road. Continue reading
The area around Bangkok’s Sukhumvit Road is heading for a significant oversupply of serviced apartments.
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The average price being paid for a condominium unit in the Central Lumpini area is now Bt112,765 per square metre, ranking higher than other popular locations in central Bangkok, according to real-estate firm CB Richard Ellis Thailand. Continue reading
Bangkok office rents and occupancy rates will contract by 10% in 2009 due to decreasing demand, new supply and major tenant relocations, says the property consultancy Colliers International Thailand. 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
Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in ThailandScandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand). Continue reading