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 homebuilder Seacon aims for 28% sales growth in 2022
Thailand homebuilder Seacon Company Limited announced it expects a 28% increase in profits for 2022, hoping to make a staggering 2.4 billion baht in sales, as it prioritises luxury and high end properties. The ambitious sales target comes as Thailand’s first homebuilder company celebrates its 60th anniversary this year. Last year Thailand’s homebuilding business significantly …
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Thailand real estate prices expected to rise in 2022
Since the first quarter of 2020, the home price index has been declining while new home prices have increased. Several pandemic-related factors are to blame, including an increase in the costs of fuel and construction materials, along with higher inflation and a labour shortage. The compounding of these pressures mean real estate prices in Thailand …
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Property juggernaut AP Thailand to launch 65 projects costing B78 billion in 2022
Property developer AP Thailand is expected to unveil a whopping 65 new projects valued at 78 billion baht this year, the most in the Thai real estate market, with units ranging from approximately 1.9 to 50 million baht each. The company’s confidence in the first quarter signals good news to investors in the SET-listed company, …
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Proposals to up foreign ownership quota for condos, extend leasehold rights rejected
While plans for a 10-year visa scheme for the wealthy and high-skilled professionals is moving forward, proposals to increase the foreign ownership quota for condominiums and the maximum lease for foreigners were rejected by Thailand’s Centre for Economic Situation Administration. The proposal to allow foreigners to hold ownership of one rai of land for residential …
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Property Spotlight: Plum Condo Bangyai Station in Nonthaburi
If you’re looking for an affordable condo to rent or buy north of Bangkok that’s within easy walking distance of public transportation, then Plum Condo Bangyai Station might just be the perfect property for you. Located at 133/38 Mu Ban Ban Bua Thong Road, Bang Rak Phatthana, Bang Bua Thong District in Nonthaburi, the condominiums …
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Chinese buyers dominated Thailand real estate market in 2021
The acting director of the Real Estate Information Centre (REIC), Wichai Wirattaphan, has stated that Chinese nationals accounted for nearly 60 percent of condominium purchases in Thailand in the first nine months of 2021. The statistics released by the REIC show that foreigners from the following five nations were the top investors of properties in …
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Property Spotlight: Notting Hill Sukhumvit – Praksa
Notting Hill Sukhumvit – Praksa is a 35-floor condominiums project managed by Origin located in Samutprakan, the province directly south of Bangkok. It’s a popular choice for commuters and young professionals in the area looking for modern conveniences at an affordable price point. Community Located within walking distance of Phraek Sa station, three stops from …
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Top 5 property developers in Thailand 2022
The Thai capitol of Bangkok is a sprawling metropolis that’s constantly under construction. At any given moment, you’ll find roads torn up for repairs, jamming traffic for kilometres on end; the elevated concrete backbones of new sky train lines being built in the middle of already too-narrow streets; and countless apartment complexes under construction, towering …
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Condominium sales slow down in Hua Hin and nearby coastal areas during pandemic
There’s a low demand for condominiums in the coastal areas of Hua Hin, Cha-am and Khao Tao. Only two new projects for sale were launched in the resort communities last year. Hua Hin, a seaside resort district in Prachuap Khiri Khan, about 3 hoursdrike south of Bangkok, is still a popular vacation spot, however, condominium …
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City Guide: Where to live in Bangkok as an expat 2022
There are many neighbourhoods to choose from in Bangkok, and they all offer something different, especially the lifestyle. We at the Thaiger understand that there are many deciding factors like where you work, is it close to the train station, or whether it’s a quiet or active environment. If you’re planning on living in Bangkok, …
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Thailand ranks as the best country in Asia to retire – International Living magazine
Is Thailand the best country in Asia to retire? Some think so. Thailand was ranked as the best country in Asia for retirement in 2022 by International Living magazine. And out of a list of 25 countries, the magazine listed Thailand as number 11, with Panama, Costa Rica, and Mexico topping the list. The magazine’s …
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China’s Evergrande Group agrees to demolish 39 apartment blocks on Hainan Island
China’s Evergrande property mess just became a whole lot worse. Now shares in the indebted property group have been suspended after the developer was told to demolish 39 buildings in Hainan, the island off the southern coast of China in the South China Sea. To be clear, that is a demolition order for 39 under-construction …
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Discover MontAzure, Asia’s Ultimate Beachfront Community
Sponsored Article Nestled against the soft sands of Kamala Beach, on Phuket’s pristine west coast, MontAzure is the ultimate destination for those seeking a privileged lifestyle or an attractive investment opportunity. Exuding elegance and exclusivity, with international amenities and a timeless sense of style, this breathtaking residential development has elevated the standard of tropical living …
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A foreigner’s guide to buying a house in Thailand
The Thaiger recommends getting good advice on all matters regarding property in Thailand. Although buying a villa or house in your home country may also include the purchasing on the land where the house sits, there are restrictions to foreign ownership of land in Thailand. Currently, foreigners are not permitted to own land, but there are …
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Bangkok condo market making a comeback amidst the future of Asian megacities
A major property developer says Bangkok condos are making a comeback after 2 years of limited launches due to the Covid-19 pandemic. Supalai says December is the magic month for a comeback and has announced it is launching up to 4 new condo projects in Bangkok, worth an estimated 5.74 billion baht. Supalai Managing Director …
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Thailand’s 16th Annual PropertyGuru Award Winners
Thailand’s 16th annual PropertyGuru Awards has given Sansiri Public Company Limited the Best Developer award while other highly-reputable companies and developers took home other coveted awards. Established in 2005, the PropertyGuru Thailand Property Awards originated the PropertyGuru Asia Property Awards series, which has expanded over the years to cover 16 dynamic real estate markets, including …
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Demand for residential property returns to Phuket
After the Phuket Sandbox programme has seen 4 months since its commencement, it seems to have brought some life back to the island after almost 2 years of a stagnated economy. The Tourism Authority of Thailand says a total of 59,689 international tourists have visited the Andaman Sea vacation island under the Sandbox programme from …
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Characteristics of successful real estate agents in Thailand
Thailand has many properties that cater to all kinds of buyers. From luxurious condos in the heart of Bangkok to expansive villas on the islands, it is clear that the real estate agent market is in high demand. But, while some real estate agents merely act as a middle man for a quick sale, more …
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How to start hosting on Airbnb
If you are a traveller, chances are you have checked out Airbnb. And, if you haven’t, it is a great site to find a house or apartment to stay in longer term than a hotel in Thailand or elsewhere. The experience is often favoured as you can feel more at home during your chosen place …
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Crypto and digital nomads could boost Thailand’s real estate market
As cryptocurrency is the new payment option of the modern era, many real estate developers are now supporting their payments through it. And, as it is still new to the Thai real estate market, experts say its growth potential is huge. As it can serve as a new alternative to real estate trading, it can …
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How the Covid-19 pandemic has changed the face of properties in demand
The Covid-19 pandemic has definitely changed the face of many things, including that of Thailand’s properties in demand. According to CBRE, a leading international property consultant, the resumption of real estate activities is in the near future. As Thailand is currently easing entry restrictions, the consultant says it is only a matter of time when …
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Senior citizen properties could be Thailand’s untapped market
Senior citizen properties could be Thailand’s untapped market, and it seems, one real estate company is catching on to the trend. According to Bangkok Post, Nye Estate Co, a subsidiary of property developer Narai Property Co, is renovating a suspended riverside condo building in Nonthaburi in order to develop independent living unit rentals for senior …
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Thailand’s property market slated to return to pre-pandemic levels by 2023
Experts are pointing to 2023 as the year in which Thailand’s property market is expected to return to pre-pandemic levels. The estimation is sooner than previously thought, with the easing of housing loan regulations and the country’s reopening speeding up the recovery. Last month, the central bank relaxed mortage regulations to help revive the property …
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Supalai Oriental Sukhumvit 39 offers modern and luxurious living
Sponsored Article Looking for a relaxing experience and lifestyle in the heart of the city? If yes then Supalai Oriental Sukhumvit 39 might just be what you are looking for! Supalai Oriental is a high-rise condominium located at Sukhumvit 39. There are altogether 4 towers with 1,046 units and you have the options to choose …
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Government urged to simplify measures for foreign property ownership
Thailand’s government is being urged to simplify measures for foreigners who want to buy property. Such things as money transfers and more medical staff are among the measures that are being scrutinised as too stringent. The vice-chairman of the Board of Trade of Thailand, Atip Bijanonda, says these obstacles are making it hard for foreigners …
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Did the Sandbox impact on Phuket’s property market?
property newOver 42,000 travellers, in the months from July 1 to September 30, used the Phuket Sandbox as an international gateway to enter Thailand. For the island’s broad real estate sector, which has been challenged by the drawn-out, 18 months of the pandemic there have been a series of notable pivots within the residential property …
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Covid-19 has accelerated Thailand’s property market disruption by 5 to 10 years
Real estate experts say the Covid-19 pandemic has accelerated a great disruption in Thailand’s property market that was supposed to take place over the next 5 to 10 years. Now, however, experts say it will arrive sooner. According to managing director of Chon Buri-based property developer, Ratanakorn Asset Co., Jugkarut Ruangratanakorn, there are 10 disruptive …
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Thai residences must stay affordable to attract foreigners
The chairman of the committee for real estate development at the Thai Chamber of Commerce is warning that real estate property must remain affordable for Thais in order to attract foreigners. While the government has set out to attract talented foreigners to relocate to Thailand through new property ownership measures, the chairman, Issara Boonyoung, says …
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Thailand makes top 5 list of places to buy real estate overseas
Thailand has made number 4 on the list of best places to buy real estate overseas, according to LiveandInvestOverseas.com. As the overseas property market is booming, thanks to the Covid-19 pandemic, the website says such property stands out among others, as it is a hard asset that provides diversification of asset class and likely currency. …
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Chinese entrepreneurs betting on real estate ahead of reopening
Thailand’s scheduled reopening is just around the corner, and Chinese entrepreneurs have already begun placing bets on prized real estate. Some are plowing money into acquiring hotels, land, and other properties with record-low prices, thanks to the Covid-19 pandemic. Nancy Chen, a Fujian native, joins the growing number of Chinese who have decided to take …
