Thailand Real Estate Magazine

You are browsing the archives of Investment.

Cost outlook good but economy a concern
The developer of the Gaysorn complex will reconsider the timeline for its multi-billion baht residential and retail investment next to its luxury shopping centre due to economic uncertainties.
Gaysorn Land Asset Management is reviewing the planned residential and retail project with 40,000 square metres and 40 floors to be [...]

Thailand’s property market is well insulated from the global financial crisis as it is far less dependent on debt than most property markets, said real estate firm CB Richard Ellis Thailand.
Chairman David Simister, as a longstanding player in Thai real estate and resort property, said Thai politics had been troubled for over three years so [...]

Colliers Predicts Tax Breaks Will Matter
Despite the global financial meltdown and local political turmoil, the industrial property sector should continue to prosper in the next few years as the government considers extending property tax incentives and tax and duty privileges for investment, according to the property consultancy Colliers International (Thailand).
Managing director Patima Jeerapaet said the [...]

Formula 1 world champion Kimi Raikkonen joined real estate agents, investors and fellow purchasers at Outrigger Serenity Terraces Resort Phuket in Thailand on October 4 to celebrate completion of phase I of the property. Raikkonen has purchased an absolute beach front pool villa at Serenity Terraces, which is on Rawai beach in the quiet southeast [...]

Real estate developers targeting foreign buyers, especially those in tourist destinations, may need to adjust their business plans to make their products appeal to a wider group of potential customers, according to executives.
Udorn Olsson, managing director of Para Development Co, the developer of Panorama Pool Villa in Hua Hin, said the failure to endorse the [...]

The country’s protracted political turmoil has had a negative impact on the luxury property market as investors and buyers hesitate to make decisions, says a broker who specialises in marketing high-end residences in Hua Hin, mainly to foreigners.
”[The property market in Hua Hin] has been so quiet [since the political problems intensified],” said Duangjai Kraus, [...]

Many multinationals looking to expand.
Despite political uncertainty, Thailand remains an attractive destination for regional offices in Asia Pacific as international companies continue expanding business, according to Patima Jeerapaet, managing director of the property consultant Colliers International (Thailand).
He said international businesses that continued investing and expanding included financial services, insurance, IT and electronics and industrial estates.
Colliers [...]

Scoring system can protect buyers
The law firm Rene Philippe & Partners Ltd suggests property buyers check developers’ credibility before signing deals that cause losses and legal troubles. Managing partner Rene-Philippe Dubout said the developer test compiled by the company [see chart] was 90% accurate when tested on developers ranging from strong, listed firms to small, [...]

Prices are set to rise in the next couple of years, especially at the low end
After being stagnant in the first half, the Thai property sector has witnessed substantial growth in the third quarter of the year, particularly in the luxury condominium and housing estate segments.
Thai Real Estate Association president Somchao Tanterdtham predicted the realestate [...]

The Phuket property market is expected to show strong growth despite political instability and slower economic growth in Thailand, research by property agencies showed.