Residential take up by end user buyers and tenants in Bangkok this year will continue to be robust, as confidence remains high whilst the government supports domestic demand, according to recent research by property management firm Jones Lang LaSalle.
The performance of real estate assets in Thailand is mixed, with some markets faring considerably better than others. Research released by Savills revealed that Bangkok’s property sector is one of the most active in the country, with Pattaya also experiencing strong demand from both domestic and international buyers.
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 estate consultants CB Richard Ellis. [...]
The Israeli real estate company Industrial Buildings Corporation Ltd (IBC) is optimistic the Thai property market will fully recover by the end of next year, says chief executive Dalit Braun. Market sentiment has improved since early this year when the company and its Thai partner, Pace Development, formed a joint venture to construct the 14-billion-baht [...]
But segments for foreigners still suffer. The outlook for the local property market is bright for the rest of the year but remains dim for segments targeting foreigners, according to property developers, experts and agencies. Atip Bijanonda, president of the Thai Condominium Association, said the condominium market would boom in the last four months of [...]
In creating MahaNakhon, Bangkok’s tallest building, Ole Scheeren is fusing the good, bad and ugly sides of the metropolis to forge a bold landmark and break the skyline
As confidence grows of a significant property market recovery in the second half of this year, Thailand’s major developers are walking a financial tightrope between prudence imposed by the downturn and grasping the opportunities of recovery.
On 3rd February 2009 an article appeared in Property Report Asia which claimed Phuket property experts were saying that Phuket residential real estate is overpriced.
It transpired, on reading the article, that there was little substance for this apart from the comments made by one estate agent. As it was obvious that this article had been badly researched and lacked any
substantial evidence we decided to launch our own investigation into the status of the Phuket property market.
Three branded developments and a successful condominium project have propelled Samui to the high-end realm of the market while still maintaining its boutique appeal, says David Simister, chairman of CB Richard Ellis Thailand.
Unstable politics and tighter credit have hit the local market hard in the latter half and no end to the gloom is in sight. But this acid test will leave the industry in better shape than ever, with only truly tested warriors the last men standing
A star in its own right, Hua Hin continues to make its mark as a prime resort for all nationalities. Hua Hin and its surrounding seaside destinations – from Cha-am in the north to the beaches of Pran Buri in the south – have all felt the impact from the global financial crisis. Political problems [...]