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), said institutional investors began trickling [...]
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 International Thailand. It reported approximately [...]
50-year period could spur more investment. If an attempt to extend property leasehold periods to 50 years is successful, more developers will choose this alternative to make new projects more affordable for Thai buyers. It will also help to attract new investment, reduce nominee issues and increase demand for property ownership. Patima Jeerapaet, managing director [...]
Bank restrictions stymie small developers – customers lodge complaints with Department of Special Investigation
Increased government scrutiny of land purchases by foreigners will hurt investment in all types of property, says Patima Jeerapaet, managing director of the property agency Colliers International Thailand.
Residential projects that are worth more than Bt10 billion in resort destinations like Phuket, Krabi, Hua Hin, Pattaya and Koh Samui have been put on hold now that demand from foreign investors is showing a significant drop since last year.