Fractional ownership of property may not appeal to Thai buyers, due to their unfamiliarity with the concept and the lack of regulation, experts say. Fractional ownership is common in other countries where property is priced too highly for buyers to own an entire unit, said Phanom Kanjanathiemthao, managing director of…Continue reading
Already popular in more developed markets, the trend towards fractional ownership is growing in Phuket, and in the current economic downturn, it offers opportunities to enjoy luxury products that might otherwise be out of reach. Bill Barnett traces the emergence of the fractional phenomena. Legally speaking, Thailand does have consumer…Continue reading
Luxury condominium developer Raimon Land announced today the diversification of its product portfolio through the launch of its first lifestyle products: The Heights Private Residence Club, Northpoint Private Residence Club and The River Private Residence Club. The Private Residence Clubs will initially include three of Raimon Land’s properties in Thailand’s…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