Demand for luxury real estate in popular far east tourist destinations such as Phuket and Koh Samui is increasing and experts are upbeat on the medium and long term outlook for the region. Property firms are reporting a recovery of purchasing power affecting the luxury residential markets in Bangkok as…Continue reading
Despite the stronger baht, foreign demand for luxury condominiums is picking up and will return to previous levels in the fourth quarter, says Aliwassa Pathnadabutr, the managing director of property consultant CB Richard Ellis (Thailand). She said the walk-in rate by foreigners at projects represented by her company had risen…Continue reading
The listed developer Raimon Land will continue building luxury condominiums but with a new focus on larger projects and Thai buyers, a shift from its previous focus on foreigners, says chief executive Hubert Viriot. The previously troubled company has almost completed a financial restructuring, resolved its “internal issues” and is…Continue reading
Thailand’s first world-class luxury marina community Royal Phuket Marina has completed its latest development phase, bucking the property trend with 12 of the 15 luxury properties already sold. Continue reading
Surrounding the two-kilometre stretch of Soi Thonglor (Sukhumvit 55), between Sukhumvit and Phetchaburi roads, no fewer than seven luxury condominiums with a combined market value of about Bt20 billion are climbing toward their place in the city’s skyline. Continue reading
The company’s research has found that transactions across all segments were down in the last quarter of 2008, and the market may retreat by 10-20 percent this year, the biggest fall since the 1997 financial crisis. Continue reading
TCC Land, the property arm of beverage tycoon Charoen Sirivadhanabhakdi, will expand its investments, both domestically and overseas, by nearly Bt4.5 billion in the coming year by shifting its focus to retail and hospitality business, deputy chief executive Soammaphat Traisorat said Continue reading
Thailand’s property market cannot be expected to recover from the present slump until 2011, according to Aliwassa Pathnadabutr, managing director of international property agency CB Richard Ellis (Thailand).
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Branded residences are finally finding their way into Thailand’s real estate portfolio, and they are quickly attracting the attention of overseas investors Continue reading