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
The property market in the Thai resort of Pattaya is bouncing back again to become a hot spot for condominium buyers, attracting foreign and Thai investors, according to consultants. Pattaya’s strategic location will continue to be a key driver for growth in tourism and its property market, says international real…Continue reading
The Thai property sector has seen only marginal growth during the political crisis of the last six years, and while domestic and international economic realities always play a large role in shaping the property market, the situation in Thailand is truly remarkable. A new government that could bring true stability…Continue reading
The Pattaya, Thailand property market is growing in popularity and more big developers are expanding their investments in the area, The Nation newspaper has reported. Listed developer LPN Development is a new name in the resort town market. The company recently launched its first condominium project in Pattaya called Lumpini…Continue reading
Nationalities of condominium buyers in the Thai city of Pattaya have changed dramatically since 2010 – from the Europeans and Scandinavians working in the Asia Pacific region to local Thais and expatriates who reside in Bangkok, according to the latest Pattaya Market Report published by Knight Frank Thailand. The company’s…Continue reading
Two years of shoring up finances, restructuring and refining focus begin to pay off for luxury property developer. Raimon Land Plc, the listed luxury property developer, has spent the past two years addressing its financial problems, restructuring, refocusing its market and adjusting its business direction and strategy. The move seems…Continue reading
Pattaya’s real estate and tourism markets will grow by 5% and 10%, respectively this year, regardless of the political situation, says Jugkarut Ruangratanakorn, vice-president of Ratanakorn Asset Co Ltd, a property firm in the seaside resort city. The Pattaya real estate market slowed last year and will remain sluggish in…Continue reading
About 90% of beach land in Phuket is controlled by foreigners through Thai nominees, a leading research body has found. Continue reading
Pattaya has an image problem. Conventional wisdom holds that the seaside city is a uniformly unsavory red-light destination, one that’s far from family-friendly and somewhat at odds with up-scale real estate development. Continue reading
Political battles and gamesmanship have had a far-reaching impact on every economic sector, including large property developers such as Charn Issara Development (CI). Continue reading