property
- 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…
- 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
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,…
- 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).…
- 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…
- 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…
- 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…
- 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
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…
- 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…
- 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…
- Special Features
Fly high with these amazing condos near Bangkok’s Airport Rail Link
Living near the airport might not seem like the most glamorous idea, but it could be the key to unlocking ultimate travel convenience. If you’re a frequent flier, the thought of a short journey to the airport and avoiding Bangkok’s notorious traffic is probably music to your ears. And with the Airport Link offering a quick and affordable connection between…
- 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…
- Thailand News
Thailand pulls the plug on foreign land ownership regulation
The Thai government has already pulled the plug on the draft ministerial regulation that would open up new foreign land ownership options in Thailand. The regulation proposed allowing foreigners who hold a 10-year Long Term Resident visa to buy a property and/or land of up to one rai in Thailand, given they invest a minimum of 40 million baht into Thailand…
- Thailand News
New foreign land ownership law in Thailand can be scrapped if Thais don’t agree
If Thai people aren’t happy with the newly proposed foreign land ownership law in Thailand, the whole plan can be scrapped, said Minister of Interior General Anupong Paochinda in Parliament yesterday. “We can improve the regulation, such as by increasing the investment to 100 million baht. The plan can be scrapped if people have serious concerns. We won’t see it as…
- Thailand News
Top 10 nationalities buying condos in Thailand
Thailand’s Real Estate Information Centre (REIC) revealed the top 10 nationalities buying condos in Thailand in the first six months of 2022, with Chinese and Russian investors leading the way. In Thailand, foreigners are permitted to own 49% of the units in any condominium building. The remaining 51% must have Thai ownership. The Inspector-General of the Government Housing Bank and…
- Property News
Cabinet agrees to let foreigners buy land and houses in Thailand
A major decision was made today by Thailand’s Cabinet which will allow foreigners to buy houses and land in Thailand. The foreigner will be eligible to buy houses and land if they invest at least 40 million baht in Thailand and can maintain the investment over three years, according to Bangkok Biz News. The land purchased cannot be bigger than…
- Property News
Phuket real estate shifts tide in wake of urban flight
Urban flight and a continuous stream of incoming lifestyle residents to Phuket are dramatically shifting Southeast Asia’s leading resort real estate market landscape. The new island property mantra is dominated by surging demand for single-family homes and larger condominiums. Phuket has witnessed a sharp change from 2019 when over 9 million tourists sought a place in the sun, highlighted by…
