Tag Archives: Jones Lang LaSalle (Thailand)

Foreign buyers back amid political calm

22Aug
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tourist arrivals

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

Developers eye ‘grey market’

16Sep
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Longlom-Bunnag

The “grey market”, specifically older foreigners planning to retire in Thailand, offers a high-growth opportunity for local developers, says Longlom Bunnag, chairman of the property agency Jones Lang LaSalle (Thailand). He said the consumption value of an estimated 100,000 retired couples with annual incomes averaging 600,000 baht was 60 billion…Continue reading