property
- Property News
Updated trends in Phuket’s rental property market
Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID-19 pandemic experienced a sustained uplift and has continued to perform well. Despite a return…
- Property News
Inside the numbers: the potential of a Phuket property bubble
One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States in 2007. In other sectors,…
- Thailand News
Wallaya Chirathivat shapes Thailand’s retail industry
Thailand’s retail industry has been dramatically shaped by the innovative leadership of Wallaya Chirathivat, the President and Chief Executive Officer of Central Pattana Plc (CPN). As the head of one of the country’s most influential retail and property development firms, Wallaya’s strategies have led to significant advancements in the retail sector and her achievements have been recognised both locally and…
- Thailand News
Ashton Asoke condo in Bangkok faces legal issues
The Ashton Asoke condominium project, worth 6 billion baht (US$168 million), in Bangkok’s Watthana district is facing a serious threat of legal action if a solution isn’t reached within the next three months, a court official has stated. The dispute stems from a Supreme Administrative Court ruling last July that cancelled the building permit for the property due to the…
- Thailand News
Myanmar millionaires’ property buying spree in Thailand skyrockets
Myanmar’s affluent elite have emerged as the unexpected champions of Thailand’s luxury property market, outspending even their Chinese and Russian counterparts. According to real-estate moguls Colliers, high-spending buyers from Myanmar have been swooping up lavish properties across Thailand’s bustling urban landscapes, becoming the new darlings of the country’s real estate realm. Karlo Pobre, the astute deputy managing director at Colliers,…
- Property News
Accor partners with Tytans Properties Development to unveil world’s largest Pullman in Cebu
Accor, one of the world’s leading hospitality groups, continues its rapid expansion in the Philippines with the signing of Pullman Mactan Cebu Hotel & Residences, which is set to become the world’s largest Pullman property. The signing of the beachfront destination represents a milestone for mixed-use lifestyle real estate in the Philippines, as a new generation of integrated resorts emerges…
- Thailand News
Thai condo market surge fuelled by visa-free policy and Chinese
The Thai condominium market is experiencing a surge in activity, largely due to a permanent visa-free policy for Chinese nationals, which has led to a significant increase in property purchases by foreigners. In the first three quarters of the year 2023, foreign buyers transferred ownership of 10,703 units valued at 52,259 million baht (US$1.46 million). This momentum is expected to…
- Business News
Hong Kong court orders liquidation of China’s indebted developer Evergrande
China’s most indebted property developer, China Evergrande, was ordered to liquidate by a Hong Kong court today, a move that could potentially destabilise the already trembling Chinese capital and property markets. The liquidation process could be intricate due to the multiple authorities involved and the potential political implications. Following the order for liquidation, a provisional liquidator will be appointed, followed…
- Thailand News
Thailand real estate danger zones: Under 3 million baht homes struggle to sell
The Real Estate Information Centre (REIC) identified ten dangerous zones for property development in Thailand, where houses and condominiums priced below 3 million baht are not selling. These areas require a selling period of between 30-78 months. The list, released today, includes Pak Kret and Khlong Luang, among others. Wichai Wiratkaphan, Inspector of the Government Housing Bank and Acting Director…
- Thailand News
Former Thai beauty queen faces fraud charges over bogus property rental
A beautiful businesswoman and former beauty queen stands accused of fraud and misleading the public after she allegedly rented out a house that she didn’t own. The arrest of Tetshinee (surname withheld) was made today, January 16, following orders from senior police officers. The 43 year old was charged with deceiving the public and importing false data into a computer system,…
- Ask an Agent
Your go-to guide to property taxes in Thailand
Buying property in Thailand is an exciting venture, whether for investment or because the beauty of this tropical country has captivated your heart. But how familiar are you with the property taxes in Thailand? The country’s tax system can seem quite complex for foreigners thinking of buying or selling property. However, it’s important that you understand it to ensure a…
- Thailand News
Gang stole 12 million baht worth of property from vacant houses
A gang of thieves, responsible for stealing property from vacant houses listed for sale, has been apprehended by the police. The gang, led by 50 year old Suchat (surname withheld) who recently completed a 10-year sentence for similar crimes, also comprised 64 year old Manop, 46 year old Kachornsak, and 31 year old Adithep. Their haul, including valuables and antiques,…
- Thailand News
Ex-Labour Ministry secretary faces horror as 40 million baht property title deeds vanish
A former Labour Ministry secretary revealed a shocking case where his mortgage title deeds for a home and land worth 40 million baht have disappeared. The property, a 418 square metre lot in an upscale village in Nonthaburi province, was mortgaged to a reputable bank in 2003. Paisan (surname withheld) explained that he had been regularly servicing the debt, reducing…
- Ask an Agent
A comprehensive guide for foreigners buying condos in Thailand
If you want to live permanently in Thailand or invest in the country’s property market, buying a condo is possibly the easiest and most secure option. But figuring out where to start can seem daunting, can’t it? You may find yourself asking: How do I do this safely? What are the legal implications of such an investment? So, to help…
- Business News
Samyan Mitrtown thrives amid Covid-19 retail challenges, celebrates 4th anniversary
Fraser Property Commercial Thailand (FPCT) defied the odds with its mixed-use property, Samyan Mitrtown, thriving amidst the retail challenges brought about by the Covid-19 pandemic. Despite its initial launch shadowed by the established shopping culture of the Siam Square complex, Samyan Mitrtown emerged victorious, celebrating its fourth Anniversary in September with significant growth in foot traffic and a high occupancy…
- Ask an Agent
What are transfer fees in Thailand property purchase and who pays them?
Like any property market, purchasing property in Thailand will incur additional expenses and fees. Before buying a property, you might come across transfer fees, business tax, and stamp duty during your research, but what are they? And who’s responsible for paying them? Here’s what you need to know. Transfer Fee The Thailand Land Department charges 2% over the appraised value…
- China News
Chinese developer Country Garden secures bond repayment delay amid liquidity crisis
Chinese developer, Country Garden, has successfully secured creditor approval to postpone a critical bond repayment deadline, narrowly dodging a potential default. This agreement provides temporary relief amidst a liquidity crisis that has significantly impacted the nation’s financial markets. Country Garden gained enough support in a vote concluded yesterday to extend payments on the 3.9 billion yuan (18 billion baht) outstanding…
- Events
Dot Property Thailand Awards 2023 recognizes the developers, projects and agencies supporting the Kingdom’s real estate market recovery
The Dot Property Thailand Awards recognized a record 44 winners from across the Kingdom with leading developers AssetWise, Central Pattana Residence and Property Perfect among those to be honored. Celebrations took place at the Park Hyatt Bangkok on August 24 as real estate industry leaders came together to commend the best of the best for another year. The Thailand real…
- Business News
Construction permit withdrawal sparks caution in Thai property lending
The property developer community has been unsettled by the recent Ashton Asoke saga, wherein the construction permit was withdrawn, prompting lenders to proceed with caution when issuing debt instruments and loans to developers. AP Thailand’s chief executive, Anuphong Assavabhokhin, explained that it’s becoming increasingly challenging to secure loans as financial institutions grow wary of extending credit to real estate companies…
- Property
Condos for sale under US$100,000 in Bangkok
Bangkok, the charming capital of Thailand, is a magnet for adventurers, cultural enthusiasts, foodies, and increasingly, property investors. Ever wondered if you could join this crowd, without forking out a fortune? Here’s some good news for you – finding a condo for sale under US$100,000 in the bustling city of Bangkok is not only possible but surprisingly easier than you…
- Destination Guide
Silom Bangkok: Thailand neighbourhood guide 2023
Silom is an omnipresent reminder of the commercial heart thriving within Bangkok, a neighbourhood bustling with life, character, and charm. Complete with impressive skyscrapers, a robust nightlife, and not to forget, the benefit of devouring aromatic street food that pulls you in without a moment’s delay. It’s not just Silom’s character that sets it apart. Its impressive location, along with…
- Destination Guide
What you need to know before residing in Hua Hin 2023
If you’ve heard whispers of Hua Hin, you’d be picturing pristine beach getaways enveloped in an aura of tranquillity. Unlike the bustling hubs of Pattaya and Phuket, Hua Hin retains a serene, unspoiled charm that’s truly captivating. This enchanting coastal city resides approximately 200 kilometres south of Bangkok, and not surprisingly, it’s a favoured retreat for locals and foreign visitors…
- Property
Condos you can get for under US$100,000 in Chiang Mai
Perhaps you’ve been daydreaming of a luxurious space to call your own, somewhere balmy, somewhere serene, somewhere culturally rich, but worry the price tag might resemble an international phone number rather than a sliver of your hard-earned savings. Good news! Chiang Mai, Thailand, is plausibly your “somewhere”. You’ll be stunned to find you can secure a slice of this paradisiacal…
- Hot Property
Luxury meets industrial chic in this one-of-a-kind chocolate factory loft
The scent of rich, decadent chocolate may have faded, but the sweetness lingers in the air at the site of Bangkok’s most extraordinary loft apartment. This unique, third-floor loft was once a bustling chocolate factory. But now, thanks to the impeccable vision of Regroup Architecture, it has been transformed into a luxurious 3+ bedroom and 4 bathroom residence. Nestled in…
- Property
Best Koh Samui sea view villas to lust over
Fancy waking up to the bewitching sea views and enchanting vistas of Koh Samui’s lush landscape? Imagine having your brekkie with the refreshing sea breeze and ending the day cuddled up, basking in the amber glow of twilight. Oh, absolutely delightful! Well, it’s time to make your dreams come true as we’ve hand-picked the best Koh Samui sea view villas!…
- Property
5 best condos in Ari offering comfort and convenience
Ari, a trendy neighbourhood situated in the north of Bangkok, is a hidden gem for those who seek a blend of modernity, convenience, and a laid-back lifestyle. With its plethora of chic cafes, charming eateries, and lush, green surroundings, it’s no wonder this area has become an appealing location for home seekers. But with so many condos options available in…
- Property News
FazWaz, leading real estate company in Thailand, announces Agent Recruitment Event
FazWaz, one of Thailand’s leading real estate companies, is looking to expand its team of experienced property agents to continue providing exceptional services and meet the growing demand for real estate in the country. The company will be hosting a recruitment event on Friday, May 5, 2023, at the Four Points by Sheraton at Patong Beach, in two separate sessions,…
- What you get for $X
What 10 million dollars buys you for a property in Phuket, Bangkok, Koh Samui, Pattaya and Hua Hin
Are you curious to know what kind of luxury you can expect from a 10 million dollar property in Thailand’s most desirable locations? Our team has conducted extensive research on the property markets in Phuket, Bangkok, Koh Samui, Pattaya, and Hua Hin to bring you a comprehensive guide to the most exclusive and breathtaking homes available. We’re talking beachfront villas…
- Property
Unexpected challenges of owning a vacation home in Thailand
Considering buying a vacation home in Thailand? If so, you are in for an exciting journey! The land of smiles has long been a popular destination for tourists who want their own slice of paradise. But before you sign on the dotted line, it’s important to understand the challenges that come with owning property in another country. In this article,…
- Ask an Agent
How to find the right real estate investment opportunity in Thailand
Are you looking for the perfect real estate investment opportunity in Thailand? If so, there are several important steps that you need to take in order to ensure you find the perfect opportunity. Researching the market, identifying your investment goals, networking with local professionals, utilizing online resources, and visiting potential properties are all essential steps that can help you identify…
