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),…Continue reading
The property sector in Thailand has seen rapid growth over the last decade, with many Thai and foreign investors purchasing units in condominium projects, for both investment and residential purposes. However, some purchasers have encountered problems with condominium developers that have not completed their projects as promised due to lack…Continue reading
The property market in the Thai resort of Pattaya is bouncing back again to become a hot spot for condominium buyers, attracting foreign and Thai investors, according to consultants. Pattaya’s strategic location will continue to be a key driver for growth in tourism and its property market, says international real…Continue reading
The real estate market in Bangkok is largely dominated by domestic buyers as various restrictions on foreign investment is ensuring that they stay away, according to a new analysis. There were no significant income producing property transactions in Bangkok during the fourth quarter of last year and yields did not…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
The Phuket and Koh Samui high-end property markets will enjoy continuous foreign investment in the coming years, says Warnes Associates Co, a local structural engineering design consultancy. Vanich Nopnirapath, the company’s director and a partner, said that even though the residential supply on both holiday islands was now abundant, foreign…Continue reading
Investments in Bangkok’s property sector were robust in the first half of 2010 despite protests that paralyzed parts of the capital and ended in a looting and arson rampage, a leading property broker said Tuesday. “For the past six months, investment activity in the Bangkok property market was buoyant,” said…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
About 90% of beach land in Phuket is controlled by foreigners through Thai nominees, a leading research body has found. Continue reading