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 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
Property sales rebounded in Phuket in the first quarter, signalling a recovery in the market, says CB Richard Ellis Thailand. Chairman David Simister said the island province remains the pinnacle destination for second-home purchases in Southeast Asia, with the villa market topping the charts in terms of high-end developments and…Continue reading
The Excise Department will strictly inspect land transactions in highly popular tourist destinations in the South where tax evasion is said to be widespread. According to a senior official, property sales in Krabi, Koh Samui and Phuket have mushroomed in recent years, skyrocketing land prices in some areas 100-fold from…Continue reading
The director of the Phuket Land Office in Thailand has implored local people not to sell their land to non-islanders. According to local media reports, director Paitoon Lertkrai made his comments outside a Ministry of the Interior seminar at the Royal Phuket City Hotel at the end of December. ”I…Continue reading
Real estate sales to foreigners in Phuket are expected to grow 25 per cent this year to 5 billion baht, according to property development firm Seacon. Nevertheless, sales are likely to remain at least 50 per cent lower than during the boom years of 2006 and 2007, when foreign sales…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
The Phuket and Koh Samui high-end property markets will enjoy continuous foreign investment in the coming years, says Warnes Associates Co, a local structural engineering design consultancy. Vanich Nopnirapath, the company’s director and a partner, said that even though the residential supply on both holiday islands was now abundant, foreign…Continue reading
The Thailand division of property services firm Jones Lang LaSalle has pointed out a growing concern over the potential negative impact of the Thai baht’s appreciation on the country’s real estate sector. According to Jones Lang LaSalle Thailand’s managing director Suphin Mechuchep, sectors including Bangkok high-end condominiums and resort properties…Continue reading
One of things I enjoy most about Phuket is seeing the brightly coloured fishing boats setting out to sea on their nightly fishing trip. Some nights, when the sea is calm, there are hundreds of coloured lights flickering on the horizon. As morning arrives there’s a hustle and bustle on…Continue reading