Formula 1 world champion Kimi Raikkonen joined real estate agents, investors and fellow purchasers at Outrigger Serenity Terraces Resort Phuket in Thailand on October 4 to celebrate completion of phase I of the property. Raikkonen has purchased an absolute beach front pool villa at Serenity Terraces, which is on Rawai…Continue reading
Real estate developers targeting foreign buyers, especially those in tourist destinations, may need to adjust their business plans to make their products appeal to a wider group of potential customers, according to executives. Udorn Olsson, managing director of Para Development Co, the developer of Panorama Pool Villa in Hua Hin,…Continue reading
Market buoyed by profit potential, removal of 30% requirement.
Foreign investors are expected to invest up to Bt70 billion in the Thai property sector this year, following the lifting of the Bank of Thailand’s 30-per-cent capital reserve requirement. Continue reading