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
The “grey market”, specifically older foreigners planning to retire in Thailand, offers a high-growth opportunity for local developers, says Longlom Bunnag, chairman of the property agency Jones Lang LaSalle (Thailand). He said the consumption value of an estimated 100,000 retired couples with annual incomes averaging 600,000 baht was 60 billion…Continue reading
Difficult economic conditions tend to lead to imaginative ways of making money. An interesting example is the attempt by the property agency Engel & Volkers Thailand to get developers to diversify and become its licensed property agents. 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
Internal political problems are having a greater impact on the Thai property market than the global economic crisis, with no transactions made by foreign buyers and investors so far in this traditionally high season, said Duangjai Kraus, managing director of the Hua Hin branch of the property consultant Engel & Volkers (Thailand) Ltd. Continue reading
Strong demand for luxury residential properties in Phuket has driven the resale price up 100 per cent between 2004 and now, Surin Hill Development’s deputy managing director Wanwipa Horbut said. Continue reading
After spending three billion baht in the eastern resort market over the past three years, the Thai-Swedish developer GlenAsia plans to spend at least 800 million baht Continue reading
Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in ThailandScandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand). Continue reading
The real estate tycoon from Norway, Arne Hvidsten, has a dream. He’s building extraordinary holiday apartments at Jomtien Beach and wants it to be the most amazing holiday resort in Thailand. And on top of it he hopes it will become a luxury colony for Scandinavians. Continue reading