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
Phuket has come to be known as the island of million-dollar homes in light of heavy investments by wealthy foreigners in recent years. The growth is at the high-end property market at the moment, though pockets of activity remain. Continue reading
Property players in Phuket are acknowledging the impact of fresh political turmoil in Thailand and the global recession and downgrading their expectations of a recovery from the third and fourth quarters of this year to 2010. Continue reading
New investment in Thailand this year will come mainly from local investors as foreigners might focus on their current holdings and on their home countries, according to the international real estate firm Jones Lang LaSalle (JLL). 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
Property firm Supalai is confident of continued growth in demand for houses from middle-income earners, despite the global economic malaise. Continue reading
Some of Thailand’s leading property firms are voicing concern about small and medium-sized property developers who may no longer be financially capable of delivering new homes to their customers from projects begun last year. Continue reading
Senior executives from nine property companies have been sharing their views on how to survive in today’s twin crises – the global economic downturn and the country’s political turmoil. Today, we start with the views of Naporn Soonthornchitcharoen, senior executive vice president of Thailand’s leading property firm, Land & Houses Continue reading
The property market is expected to experience a drop of 5-10 per cent in value next year as Thailand becomes caught up in the global financial crisis, say experts. Continue reading
The property market could shrivel 10-20 per cent next year due to the twin crises of global recession and domestic political turmoil, experts told a seminar yesterday. Continue reading