Property News

Chinese investment sets new records in property purchases

The demand for property, especially in Bangkok, continues unabated. Despite a drop off in absolute tourism numbers, enquiries from Chinese real estate buyers remains strong, setting new records. Not only are the Chinese the most frequent tourists to Thailand, they are the most enthusiastic property buyers, stetting a new record for Q3 this year. Number …

“Don’t paint your temple gold” – Fine Art Department

After a report of historical temples being painted gold triggered an uproar on social media, the Culture Ministry’s Fine Art Department is warning people to stop unauthorised painting of national heritage monuments as it violates the law. Social media users expressed shock and dismay that ancient Thai temples were being given a make-over with a …

Calls to restrict foreign property purchases in Bangkok

Dr. Sopon Pornchockchai, the President of the Thailand Agency for Real Estate Affairs, is calling for controls to restrict foreign property buyers. Thailandproperty.news is reporting than he is justifying his comments saying the growth in income of Thais is slower than the property price rises being pushed up by high foreign demand. “Some measures should …

The future of Bangkok’s Chinatown

by Bill Barnett of c9hotelworks.com (First appeared on linkedin.com) The emergence of boutique hotels, hostels, hip bars and cafes has revolutionised the way Chinatown, Bangkok is seen. This, together with the entry of international branded operators setting the stage for exciting changes. Overview of Chinatown For over 200 years, Yaowarat Road in Bangkok or Chinatown has been …

Pattaya’s hotel performance rebounds as EEC drives positive market sentiment

Domestic tourism growth outshines Mainland China and Russia source business Thailand’s second largest tourism market, Pattaya has pushed through the glass ceiling from the volatility hangover of the 2014 era, with its hotel sector now showing strong signs of rising stability. According to the latest available data, strong demand from the Thai domestic sector accounted …

Developer promises and the ‘rental guarantee’

According to a recent report from CBRE, more than 80% of Phuket condo sales offered rental guarantees in reported sales in the first six months of 2018. The report says that most of these condo sales were for properties less than 5.5 million baht. The CBRE report also noted that there were 458 condos and 56 …

Airbnb partners with Thailand Boutique Accommodation Trade Association

PHOTO: Mike Orgill, Airbnb Country Manager for Southeast Asia (left) and Suparerk Soorangura, President of TBAA and Advisor to the Thai Travel Agents Association (right) signing the MoU. Airbnb, the world’s leading community-driven hospitality company has announced its industry-first partnership with the Thailand Boutique Accommodation Trade Association (TBAA) to promote creative, people-powered Thai hospitality. Through the …

Tourism stakeholders commit to plastic-free future at PHIST

PHIST – Phuket Hotels for Island Sustaining Tourism Forum 2018 Leading hotels and tourism groups have signed the “Phuket Pledge” at Phuket Hotels for Islands Sustaining Tourism Forum 2018 (PHIST) establishing a model for the future development of islands throughout Asia that embraces sustainability as a core and sets urgent goals for long-term change. The …

6 ways to avoid being defrauded in a property investment

By Desmond Hughes As today’s local Phuket property news is soured by the story of a development ‘scheme’ resulting in losses for investors and third parties, the perception of real estate may be besmirched with negativity, all the while honest families who have elected to take their own risk on the market by developing their …

Hua Hin’s Centara Grand Beach Resort make it into list of best heritage hotels

Creaky wooden floors, teak antiques, afternoon tea, marble staircases. There’s just something magical about a hotel with some history. From Yangon to Hong Kong, many of Asia’s most beautiful heritage hotels emerged during the 19th and early 20th centuries. And one of them is in Hua Hin. TTR Weekly reports that one of Thailand’s iconic and …

Habitat Group launch Walden Sukhumvit 39

ADVERTISEMENT Following the success of Walden Asoke launched in March this year, and now 90% sold, the Habitat Group is launching its second city centre luxury low rise condominium under the Walden brand – Walden Sukhumvit 39. Developed under the concept of “Low Rise, High Living”, the 950 million baht development embraces nature in its …

A Mandarin for Phuket

PHOTO: The Mandarin Hotel Sanya Island One of Asia, and the globes, leading luxury hotel brands, Mandarin Oriental has inked a deal for a Phuket property. Mandarin Oriental, Phuket will be located on one of the undeveloped beachfront sites still to be found on ‘Millionaire’s Mile’ on the west coast of Phuket island. It will occupy …

Find your dream property in Thailand

… or list your property for free. property.thethaiger.com is a true one-stop-shop when you’re looking to sell or buy property in all Thailand’s hot real estate spots. Paul Trayman, Chief Operating Officer, says property.thethaiger.com provides unique, comprehensive information about up to 40,000 properties around Thailand. “We provide all details on every project and unit available …

Responsible property purchases – do your homework and seek a second opinion

Many times prospective buyers of property in Thailand search online for legal information in regards to their purchase. They soon discover that online legal advice varies depending on the law office, lawyer or advisor providing the information. In some cases advice is given which recommends that to secure an investment in property a Thai company …

Getting longer life out of your outdoor furniture

Outdoor furniture can be a sizable investment even here in Thailand. In Phuket it’s either the hot sun or rain adding to deterioration. The sun and heat are relentless. But with proper care and cleaning, you can enjoy your outdoor furniture for years. New furniture comes with care instructions; however this is not always the …

The rise of the mixed use retail development

As our lifeststyles continue to change and morph along with technological and social evolution, so too our living spaces and the locations we choose to live. Behavioural changes among urbanites have led to the rise of mixed-use projects in Southeast Asian countries, according to property experts. Christian Olofsson, shopping centre & mixed-use director of IKEA/Southeast …

From tropical paradise to busy urban island – Phuket

By Bill Barnett Phuket’s tourists, expats and property buyers are finding new reasons to head to the Pearl of the Andaman. They’re now spending more time and money seeking out alternative activities in areas other than the famed west-coast beaches. A report says that the island is transforming into a more well-rounded destination as visitors …

Buying off plan? A few things to consider.

Many developers offer units and condo “off-plan” for sale at an early stage of the project development, even before the first brick has been laid. The lure is usually a lower price and getting the pick of the best location in the development. Some of us may not be familiar with the term “off-plan”. Generally …

Buying property in Thailand – the basics

by Kevin Hodges There are many, MANY properties for sale in Phuket and around Thailand. In a market that has peaks and troughs it’s best to buy in partnership with respected sales agents who know the current market and can help you avoid some of the common pitfalls. Buying property in Thailand is not straight …

What a difference an airport could make

Phuket’s Northern neighbour Phang Nga, and its key tourism magnet of Khao Lak, is seeing increasingly broader demand. One clear sign of the times is the new international offerings in the current pipeline including such brands as Sheraton, Holiday Inn and Avani. And a new airport to service the area as well. Read more about the confirmed …

5 property checks buyers mysteriously overlook in Thailand

by Desmond Hughes In many countries, once a decision to purchase a property has been made, a deposit paid, the parties should be able to sit back and handover legal matters to their lawyers, and concentrate on admittedly stressful practical matters such as furniture removal, checking boilers / heating / air conditioning systems and often …

Pavilions Hotels & Resorts announce two important acquisitions

The Pavilions Hotels & Resorts has made two important appointments as it continues to expand its portfolio and strengthen its management team. Scot Toon takes on a new role as the company’s Managing Director, Asia while Tim Sargeant becomes the Director of Marketing for The Pavilions Phuket. Both are highly skilled and experienced hospitality professionals …

Habitat Group launches three projects valued at 3 billion baht

Habitat Group is poised to launch three new projects with a total value of 3 billion baht in the second half of 2018. Recognising the growing trend of buying properties for investment, the company reveals this sector is growing 10-20% per year and foreigners looking to invest in property assets are making up a increasing …

Three new luxury show suites open at flagship Twin Palms Residences

MONTAZURE ON STUNNING KAMALA BEACH MontAzure, the upscale mixed-use residential resort community set on 454 rai (178 acres or 72 hectares) of mountainside to beachfront land in Kamala, has launched 3 new on-site beachfront show suites at the award-winning beach condominium development, Twinpalms Residences MontAzure. Considered by real estate experts to be one of the most compelling lifestyle …

Sansiri launches THE BASE Central – Phuket

Sansiri launched another one of their ‘BASE’ branded condos with the launch of ‘THE BASE Central Phuket’. Quoting from their media release, “The design is influenced by an enchanting lifestyle where the native people and Chinese from across the seas come together to create the Peranakan culture under the new concept ‘MARK MY BASE’.” Poomisak …

Launching of The Residences at Sheraton Phuket Grand Bay

APEX launch Phuket’s most exclusive address

The Residences at Sheraton Phuket Grand Bay on Phuket’s east coast, a four billion baht development, includes a 5-star Sheraton resort and Phuket’s first Sheraton-branded residences of which 70% are already sold. Panoramic views across Po Bay to Ao Phang Nga National Park and the Phi Phi Islands beyond are what greet residents and visitors …

Changes to the leasehold bill ‘unlikely to impact property market’

Changes to the Leasehold Bill looks likely to update the way foreigners can maintain rights to use land in Thailand. A new bill has been approved by the Thai cabinet and could become law following the public hearing process that finished yesterday. The intention of the changes to the bill, mooted last year, is to …

A tale of two cities, Phuket style

By Bill Barnett of c9hotelworks.com The raindrops keep falling on my head. Rainy season always brings with it time to dust off the classics, and strangely enough, straight off my top shelf came Charles Dickens’ A Tale of Two Cities. Life is played out so well in these tattered pages, which are turned a mottled …

Trang: Southern Thailand’s rising star

As real estate in the markets of Phuket, Phang Nga and Krabi increasingly becomes unattractive to investors and speculators due to rapid appreciation and the lack of new land coming up for sale, markets in other southern Thai provinces are beginning to bud. Trang is one such market that speculators would be wise not to …