After almost two years of stagnation, the SET-listed developer Golden Land Property Development Plc (GOLD) plans to aggressively rebuild brand awareness and diversify into a new lower-priced segment. Pat Seth, the company’s vice-president for development, said it did well in the luxury housing segment after achieving target sales of one…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
Manakhon will be the tallest building in Thailand. The two joint-venture firms hold the hotel and retail assets of MahaNakhon, a luxury mixed-use project located on a nine-rai leasehold site near the Chong Nonsi BTS station in Bangkok, said Sorapoj Techakraisri, chief executive of Pace. Continue reading
Increased government scrutiny of land purchases by foreigners will hurt investment in all types of property, says Patima Jeerapaet, managing director of the property agency Colliers International Thailand. 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
Thai real estate prices will not tumble as they did in the post-1997 economic crisis period as there will be no forced sales, says Suphin Mechuchep, managing director of property consultant Jones Lang LaSalle (Thailand). Continue reading
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…Continue reading
Property developers in Hua Hin need to adjust their projects to meet market demand and stricter regulations on the use of local nominees by foreign buyers Continue reading
The government is considering allowing greater foreign ownership in property firms and extending leasehold periods beyond 30 years to stimulate the business, according to Finance Minister Surapong Suebwonglee. Continue reading