Phuket real estate expands to inland areas
Phuket’s real estate market has experienced unprecedented growth over the past few years, driven primarily by the strong recovery of tourism following the Covid-19 pandemic. Another hugely important factor contributing to this market buoyancy has been the increase in Russian investors, who led the way...
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Thailand condo market improved slightly in 2021, despite cautious expat buyers — CBRE
Thailand’s condominium market saw a modest improvement in 2021, despite the overall “sentiment” remaining low with a lack of foreign buying power. That’s according to a report by CBRE, which measured the pandemic’s effect on the country’s economy, customer confidence, spending power and an oversupply of options. The report found that fewer international investors has …
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Marriott launches new hotel in Pattaya, plans to expand in Thailand this year
Marriott International aims to launch 7 to 8 new locations in Thailand in 2022 as part of a five year goal to add 33 new properties. But several bigger projects may take longer to complete. Among the new developments set to debut this year in Bangkok is an Autograph Collection hotel at Sukhumvit Soi 53, …
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5 smart devices to customise your property in Thailand
When it comes to different types of smart home devices, there’s a huge selection across a wide price range. Adding gadgets you can operate remotely will make your house a little more manageable a lot more automated. So pimp out your property with these 5 tech items for a smarter home. Google Nest Mini The …
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CBRE recommends top 5 luxury condominiums in Phuket with fantastic locations
Luxury condominiums in Phuket are an appealing alternative to villas or houses because you can purchase them on freehold, which means that the condos are 100% in your name. It is just like owning a property in your own country. Luxury condos also typically feature their own private pools, as well as a broader range …
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Singha Estate to invest B11 billion in projects in 2022, targets hotels and offices
Thailand property giant Singha Estate says it wants to invest 11 billion baht in new and current projects in 2022, aiming for a 73% increase in revenue — as soon as global tourism improves. Of that figure, some 4 billion baht will be reserved for fresh plots of land for low-rise housing developments aimed at …
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Central Patana to open largest mixed-use project in Chanthaburi
Central Pattana is set to unveil Central Chanthaburi — the largest and most comprehensive mixed-use development in eastern Thailand. The complex, which is scheduled to officially open on May 26, will exemplify the company’s mixed-use project model in urban cities to strengthen the local economy. Central Chanthaburi is anticipated to be a new city landmark, …
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Singapore home sales down 22%, as expat workforce hits 12-year low
Home sales in Singapore have fallen to their lowest rate in nearly 2 years, as cooling policies and rising property taxes slowed the residential market. The number of foreign white-collar professionals working in the city-state has also reached a 12-year low. The poor property sales reflect a lack of consumer confidence after the Singapore government …
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Siamese Asset plans 6 residential properties, targets healthcare and foreigners
Siamese Asset plans to build 6 new residential properties in the Bangkok area for a total cost of more than 11 billion baht, including properties that would provide nursing care for the elderly and rehabilitation clients. Siamese Taling Chan is one of the new projects the company has envisioned for the healthcare sector in 2022. …
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Thailand self-built home costs to rise at least 5%, as metal and fuel prices spike
The prices of self-built homes are projected to rise by 5-8 percent, spurred by rising metal and fuel costs in the wake the war in Ukraine. Since Russia began its invasion of Ukraine last month, metal prices have increased by 50%. Key construction materials, various metals account for some 20% of home building costs. As …
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Thai steel producers brace for higher production costs, slower market
Thailand steel producers are preparing for the fallout of higher steel prices and growing demand from Asia in the wake of Russia’s invasion of Ukraine. Within a week, the world market price of steel billet rose to roughly US$800 per tonne, up from $650 per tonne, EAF Long Product Steel Producers Association committee member Pravit …
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Sansiri to launch 28 low-rise properties in 2022, bolstering ‘affordable’ housing in Thailand
Thailand real estate developer Sansiri says it aims to launch 28 new projects worth 39 billion baht in 2022, more than double last year’s figure, citing its growing confidence in low-rise housing projects for the domestic market. Last year, Sansiri’s presales for low-rise properties totalled 22.4 billion baht, comfortably exceeding its goal of 20 billion …
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Bangkok office owners should update, renovate now — JLL Thailand
Bangkok property owners should update their older office spaces now to maintain renters and adjust to changing consumer habits. Renovations and upgrades of older facilities are necessary in the face of lower demand and increased competition, as local developers plan to introduce more than 2 million square metres of new office spaces between 2022-2026. Owners …
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CBRE offers luxury coastal lifestyle in Phuket 2022
Sponsored Article CBRE Thailand Phuket, located in the south of Thailand, is famous for its wonderful tropical settings, idyllic beaches, breathtaking beachfront, hilltop properties, and vibrant community of ex-pats. The island offers a high standard of living at a reasonable cost compared to other top holiday destinations, and its well-deserved reputation for luxury and exclusivity …
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Centara plans to build 100 new hotels by 2026, launch 20 per year
Centara Hotels and Resorts plans to open 100 new hotels in Thailand, the Middle East, China and neighbouring countries over the next 5 years, with the intention of managing them through agreements with partner companies, according to the Bangkok Post. Centara’s 5 year goal from 2022 aims to add 20 hotels each year, bringing the …
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Sena to expand housing, warehouse portfolio in 2022
Sena Development intends to expand into warehouses, serviced apartments and asset management in 2022, while also developing 49 new residential properties valued at 27.5 billion baht. This year, the company intends to venture into new sectors in order to increase stable earnings from regular income, with the majority of new operations connected firms that can …
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Rent in Singapore reaches 7 year high, despite decreasing population
Home rentals in Singapore, already among the world’s most expensive locales, have increased to a seven-year high, despite the city-state’s population decreasing in the last two years. The rental price index for private residential buildings rose to 114.2 in the fourth quarter last year, an increase of 9.9% compared to the same period last year, …
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Origin to launch 31 projects, targets 17.5 billion baht
Developer Origin Property intends to introduce 31 new residential properties in Thailand totalling 42 billion baht, targeting 35 billion baht in presales and 17.5 billion baht in revenue, according to the Bangkok Post. Of the projects, 19 are apartments, costing a total of 28.6 billion baht, followed by 12 low-rise residences, costing 13.4 billion baht, …
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Thailand developer Sansiri to focus on low-end, affordable apartments in 2022
Sansiri says it will put lower-end apartments on the market a month before they are finished, and will collaborate with banks to secure the transfer of units with reduced mortgage loan rejections. The approach can assist the company in achieving sales and transfers in lower-end sectors with greater mortgage rejection rates than others, according to …
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Thailand real estate market to see post-pandemic boom by 2024
Real estate developers in Thailand should brace themselves for a post-pandemic boom, despite the current inflation and higher development prices, economists say. After a 2 year slowdown during the pandemic, Thailand will enter a new economic phase from 2022 to 2024, according to Bangkok Bank’s Senior Executive Vice-President Kobsak Pootrakool in the Bangkok Post. “We are …
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AP to launch 5 condo projects for 13 billion baht in 2022, early pre-sale gains
AP Thailand is planning to develop 5 apartment complexes at a projected cost of 13 billion baht in 2022, citing a significant increase in presales in Bangkok’s condo market in Q1 this year. The chief of the condominium business group says the condominium market in Bangkok has shown positive signs in the last six weeks, …
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Pruksa plans to invest 3.5 billion baht in property, healthcare and tech startups
Pruksa Holding plans to spend 3.5 billion baht in property and healthcare technology businesses to improve its primary operations and increase cash flow, following a 2 year restructure and stock clearance. The CEO stated that the company’s two major operations, property development and hospitals, will be synergised with technology and innovations. Their plan is to invest …
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City Guide: How to get around Bangkok 2022
There are many ways to get around Bangkok. You’re not limited to the typical big city transpiration options of train, bus or taxi. In fact, there are many other ways that are convenient to get around, though some take more time to do so. Those who have visited Bangkok before will know how to navigate …
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Central Pattana reports B7.1 billion profit in 2021
Central Pattana, a retail and property developer in Thailand, made 7.1 billion baht in net profit and received 28.9 billion baht in revenue in 2021, despite Covid-19 challenges. CPN’s Chief Financial Officer described 2022 as another difficult year for the company since the pandemic has had a greater impact on customers’ lifestyles and numerous businesses …
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Top 5 pool villas in Phuket recommended by CBRE
Sponsored Article Whether you’re looking at Phuket for a permanent home, a vacation villa, or an investment opportunity, we have a range of properties that tick all the boxes necessary for enjoying a luxury lifestyle on the island. In addition to being visually stunning, these pool villas are situated within compounds with solid security, as …
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Thailand’s real estate sector to remain depressed until 2024, despite strong predictions
Despite big plans and strong earnings predictions from local real estate developers, Thailand’s real estate market might not even return to pre-pandemic levels until at least 2024. This from the Government Housing Bank. Factors cited include a slow economic recovery, inflation, and the latest variant of the coronavirus, Omicron, which has depressed local business activity …
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Survival Guide: How much does it cost to live in Thailand?
Thailand gets a lot of attention as a fantastic travel destination in Southeast Asia; it’s also a great place to call home. The most common questions before moving to a new country include, “How much is it going to cost me?” and, “Is X amount enough each month?” While there are no fixed amounts, we …
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Bangkok office owners face flood of new competition – CBRE
As the office sector experiences its lowest net take-up rate, Bangkok landlords should upgrade their existing properties and provide better and more flexible leases to lure renters, before a massive amount of new places start to open, stated consultancy firm CBRE Thailand. The pandemic has had the most significant impact on Bangkok office spaces since …
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Large apartments in high demand in Bangkok, despite higher prices
The resale market is predicted to see steady strong demand for larger condominium units this year, despite higher prices for smaller units in new Bangkok developments. CBRE Thailand stated apartment buyers were seeking bigger apartments in popular locations at reasonable rates, the Bangkok Post reported. Consumers of resale condos like spacious properties with a separated …
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SC Asset to develop 27 domestic projects in 4 years, targets 100 billion baht in revenue
SC Asset Corporation aims to invest 40 billion baht to build new residential developments in Thailand totaling 130 billion baht between 2022 and 2025, with a revenue target of 100 billion baht over the next four years. Of the 130 billion baht the SET-listed developer intends to invest in new releases from 2022 to 2025, …
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Dusit continues asset light hotel development plan for 2022
SET listed Dusit International is sticking to its hotel opening schedule for 2022, developing a long term strategy while implementing an asset light model. Dusit International CEO Suphajee Suthumpun said the company is on schedule to open new hotels in Thailand and abroad, including in Greece, India, the Middle East, the Philippines and China. Dusit Thani’s …
