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
The director of the Phuket Land Office in Thailand has implored local people not to sell their land to non-islanders. According to local media reports, director Paitoon Lertkrai made his comments outside a Ministry of the Interior seminar at the Royal Phuket City Hotel at the end of December. ”I…Continue reading
Real estate sales to foreigners in Phuket are expected to grow 25 per cent this year to 5 billion baht, according to property development firm Seacon. Nevertheless, sales are likely to remain at least 50 per cent lower than during the boom years of 2006 and 2007, when foreign sales…Continue reading
Hua Hin’s property market is shown signs of recovery with new project launches and increased sales on existing projects. As reported in the Bangkok Post, the market slowed down due to global economic recession in late 2008. Although demands from Thai buyers seeking holiday homes remained active, foreign demand seemed…Continue reading
But segments for foreigners still suffer. The outlook for the local property market is bright for the rest of the year but remains dim for segments targeting foreigners, according to property developers, experts and agencies. Atip Bijanonda, president of the Thai Condominium Association, said the condominium market would boom in…Continue reading
Mr Neilsen perceives the outlook for the Bangkok market to be very mixed, with demand being very weak at the moment while there is overcapacity. Continue reading
The government should see Phuket’s tourism and property slump as a chance to improve the island’s infrastructure as well as restore foreigners’ confidence, hit by the closure of Phuket’s airport by protesters late last year, say local developers. 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
uxury residential and villa projects in Hua Hin have begun aggressive marketing campaigns following a 30-per-cent drop in buyers – both domestic and foreign – in the first quarter of this year, compared with the first quarter of 2008. Continue reading
Despite the economic recession, Chotipol Techakraisri, managing director|of the high-end Saladaeng Residences, remains cautiously upbeat. After all, the very, very rich need to invest somewhere, he reasons Chotipol Techakraisri, managing director of the high-end Saladaeng Residences project in Bangkok’s central business district, has a challenging task on hand: selling expensive property during an economic recession. Continue reading