property
- Thailand News
Khao Takiab: Thailand’s hottest condo spot
Khao Takiab in Hua Hin is soaring in popularity among condo buyers, emerging as one of Thailand’s most coveted locations, according to a recent report by Knight Frank. This vibrant seaside area has quickly become a top choice for local and international buyers. Knight Knox’s latest insights reveal four prime spots for riverside and seaside condos in Thailand: Charoen Krung…
- Property News
Phuket’s real estate world’s collide as off-plan sales flatten in wake of growing resales
Phuket’s massive influx of new real estate development is witnessing rising competition from the secondary marketplace. The collision between off-plan property sales and resales is inevitable given the sheer number of units being completed and a growing critical mass of older properties. Comparing primary and re-sale transactions on the island from the first four months of the year compared to…
- Thailand News
Land and building tax revenue to hit 43 billion baht this year
The Finance Ministry anticipates the land and building tax collection to reach 43 billion baht this year, marking an increase of 8 billion from the previous year due to the discontinuation of the tax discount. Finance Permanent Secretary Lavaron Sangsnit, speaking at a property seminar on the fifth anniversary of the tax’s implementation, revealed that the ministry is currently reviewing…
- Business News
Taxing times: Local governments urged to ‘build’ a better law
Local governments must take a more active role in revising the land and building tax law, which has been in effect for five years, according to the Director-General of the Fiscal Policy Office, Pornchai Thiraveja. Pornchai stated that the Land and Building Tax Act of 2019 grants local administrative organisations the authority to collect taxes to fund local development initiatives.…
- Property
How proptech shapes Thailand’s real estate future
Thailand is experiencing a pivotal technological transformation in the real estate sector, reshaping our understanding of residential and commercial spaces. With an increasing demand for innovative office solutions in Bangkok, traditional setups are transitioning to modern concepts such as hotdesking, collaborative team spaces, and telecommuting options. This progression towards smarter and more flexible space utilisation indicates a shift in workspace…
- Thailand News
SC Asset introduces morning coin for real estate rewards
SC Asset Corporation Public Company Limited, under the stewardship of Natthaphong Kunakornwong, is embarking on a transformative journey as it enters its third decade, a period poised to redefine the company’s legacy. In a significant move, SC Asset unveiled an innovative utility token, Morning Coin, which promises to deliver extensive benefits to its clients. Homebuyers of SC Asset properties will…
- 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
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…
- Business News
Sena unveils rent-to-own strategy to tackle mortgage rejections
Sena Development, a publicly traded property developer, revealed new plans this month to rent and transfer ownership of its unsold condo units. This move is in response to a high rate of mortgage rejections. The company aims to enhance sales and revenue in the current year. Kessara Thanyalakpark, the managing director, stated that the innovative strategies would target two distinct…
- 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…
- 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…
- Business News
NocNoc leverages AI for personalised consumer experiences with IPO planned for 2028
NocNoc, the e-marketplace specialising in home products and services, leverages artificial intelligence (AI) to deliver personalised online and offline consumer experiences. The platform is expanding into new lifestyle categories to tap into the home and living market, estimated to be valued at around 450 billion baht. Better Bee Marketplace Co, the firm behind the platform, anticipates an initial public offering…
- 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,…
- 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,…
- Property
A record is set with a groundbreaking 11 billion baht investment for Gardens of Eden
In a strategic move that underscores the burgeoning maturity of Phuket as a sought-after multicultural lifestyle destination, Amal Group of Companies has introduced Gardens of Eden on Bangtao Beach. This sprawling 73-rai luxury wellness residential and hospitality community is set to redefine large-scale developments on super prime locations on the island, with an investment capital of THB11 billion (US$315 million).…
- 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…
- 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…
- Business News
Economic data in China sees Asian stocks surge, Thai shares dip
Asian stocks experienced a significant surge yesterday, a continuation of the global equity rally, following encouraging Chinese economic data that sparked optimism about the imminent culmination of major central banks’ tightening initiatives. Despite the overall momentum, Thai stocks saw a slight dip of 0.3% from the prior week, closing at 1,542.03 on Friday, with an average daily turnover of 46.97…
- 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…
- 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…
- Crime News
Property scam: Elderly woman loses 70,000 baht and gold ring to fraudsters
Devastated by a fraudulent scheme, a 74 year old woman endured the loss of 70,000 baht from her bank savings, as well as her gold ring. She was tricked by a group of four unscrupulous individuals who convinced her of a lucrative land sale. Engaging residents and even monks, they’ve managed to trick multiple victims. This property scam incident came…
- 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…
- 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…
- Business News
Foreign buyers fuel 200% surge in Thai luxury property sales
A surge in foreign interest in luxury property in Thailand has been observed since international tourists began returning in the latter half of 2022, according to property consultancy CBRE. Sales transactions through CBRE have risen by over 200%, indicating a clear trend. In response, developers are preparing to launch new luxury and super-luxury residential projects in 2023, with a focus…
