FazWaz assumes control of Lifull Connect for Thai global real estate leadership and innovation
Phuket-found PropTech company FazWaz has taken over Lifull Connect, the world’s largest real estate aggregation network, solidifying its position as a leader in the global real estate market. This milestone showcases the potential of Thai companies to succeed internationally. FazWaz and Thaiger share core shareholders...
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Walking on air. 314 metres above Bangkok.
PHOTO: The Nation King Power International Group has opened what is being marketed as the world’s biggest glass-bottomed skywalk. The new tourist (and local) attraction is on the rooftop of the 78 storey Mahanakhon building on Narathiwat Road in Bangkok’s Bang Rak district. Mahanokon is Thailand’s tallest building at 314 metres. The glass skywalk has …
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Chiang Mai official says the hotel sell-off is “because there were too many tourists”
PHOTO: This hotel is not for sale! Manager Online is claiming that a senior tourism official in Chiang Mai says the reason people want to sell hotels in the northern city is not because there are so few Chinese tourists now. It is because there are so many. Chiang Mai’s former tourism industry chief Pornchai …
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Chiang Mai’s small to medium hotels face challenges
FILE PHOTO (This hotel is not for sale!) Chiang Mai’s small to medium accommodation sector is facing fresh challenges as the tourist mix in the northern city changes, and shrinks in arrival numbers. The fallout from declining tourist arrival numbers, especially Chinese since the Phuket Phoenix tourist boat tragedy in mid-July, is forcing more than …
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Uncertainty in Bangkok’s residential property market – CBRE
CBRE, an international property consultancy company, is reporting ‘looming uncertainty’ in the Bangkok residential property market. Although developers have recently increased their launches of condominiums, sales to Thai buyers have slowed in some locations and are likely to slow further with the coming imposition of tighter mortgage lending. Some developers are trying to find locations where …
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Walk on the wild side – the new Mahanakhon SkyWalk
YIKES! Is there anything more terrifying than a ride in a border visa-run passenger van? We think we’ve found it. The Mahanakhon SkyWalk – Thailand’s highest observation deck and rooftop bar at 314 metres high – offers spectacular panoramic views of Bangkok from Thailand’s tallest building. But that’s not the really scary bit. The new …
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Weakness in the BKK condo market
PHOTO: Nara 9 – www.nara9.net Property consultants, Edmund Tie & Company – South East Asia – report that the new condo supply for 2019 is ‘unlikely to increase’ and that sales rates are disappointing in Q3. Their report says that the take-up rate of newly launched condominium projects in Q3 in Bangkok’s CBD dropped from …
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Hotel #4 for Centara Hotels in Krabi
PHOTO: Centara Grand Beach Resort & Villas Krabi, another of the Centara properties along the Krabi coast Centara Hotels & Resorts, Thailand’s largest hotel group, has just signed a Hotel Management Agreement for a 180 room property on Ao Nang Beach, Krabi. The new hotel will be under its ‘Centara’ brand. Centara Ao Nang Beach …
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Thailand’s creative entrepreneurs funding passions through Airbnb
2,000 Airbnb Homes and Experiences hosts in Thailand are members of the Creative Community 25% of all creative Thai hosts are based in Bangkok. One in every five Thai Experience hosts are from the arts, music, fashion or entertainment industries. Like tourism, which now accounts for more than 10 percent of the world’s global GDP, the …
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Thailand’s Seniors are world’s most active Airbnb hosts and guests
Seniors (hosts and guests aged 60 and older) have been a growing and integral part of the Airbnb community for many years – they are growing fast, earning important extra income, and continue to be the most-loved of any age group. They are fast growing, are booking on Airbnb in increasing numbers, and leading a …
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Meliá Hotels International signs up Meliá Phuket Karon
Meliá Hotels International, a leading Spanish hotel company, has announced the signing of Meliá Phuket Karon, the second property in Thailand, followed by Meliá Phuket Mai Khao. Meliá Phuket Karon will be the group’s sixth property in Thailand, continuing their dedication in providing exceptional hospitality with a Spanish touch, to the island’s thriving accommodation market. …
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Central Group set to open new lifestyle mall in Cherng Talay
RENDERINGS: From Phuketify website Cherng Talay has become the new ‘go to’ area with an exciting array of new retail and entertainment options opening up at the end of this year and into next year. Including this one… A new lifestyle shopping mall is set to open by the end of 2019 in Cherng Talay, …
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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 …
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“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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
