real estate
- Business News
Asia-Pacific bond defaults surge amid China’s real estate crisis
Asia-Pacific bond defaults are on the rise, outpacing the global average, amid China’s real estate crisis. A joint study by the Federation of Thai Capital Market Organizations (FETCO) and the Capital Market Development Fund (CMDF) highlighted a concerning uptick in debenture default rates, signalling a potential global crisis. The study revealed that bond defaults occurred at a faster pace in…
- Pattaya News
Bangkok bamboozle: Thai woman held in 100 million baht real estate swindle
A Thai woman was taken into custody in Bangkok on Saturday over her alleged involvement in an elaborate real estate swindle. The magnitude of the financial misrepresentation balloons to over 100 million baht, according to the Royal Thai Police (RTP). The apprehension of the suspect was carried out on the basis of a Pattaya court’s arrest warrant issued on December…
- World News
Forest City’s future uncertain amid Chinese property giant’s financial struggles
Forest City, the Malaysian island megaproject backed by Chinese investment, is facing an uncertain future due to the financial struggles of Chinese property giant Country Garden. The US$100 billion artificial city, which has been built in the middle of palm oil trees, remains largely vacant despite being aimed at middle-class Chinese buyers. The project, which includes condos, roads and shops,…
- Business News
15 years of escrow legislation: 867 billion baht in transactions
Data released by the Fiscal Policy Office (FPO) has shed light on the impact of escrow legislation over a 15-year span. According to an anonymous FPO source, escrow service transactions during this period totalled a hefty 867 billion baht, the majority of which were linked to capital market transactions. The Escrow Account Act came into effect in 2008, and from…
- Economy News
Evergrande collapse in China set to hit Thai tourism and exports
The Thai tourism and export sectors are set to experience a significant impact due to the financial downfall of China’s real estate giant, Evergrande. The Evergrande collapse revelation came from Poonpong Naiyanapakorn, Head of Policy and Trade Strategy Office (PTS), Ministry of Commerce, today. He suggested business operators closely monitor the situation. Evergrande, a giant in China’s real estate sector,…
- Business News
Bangkok freehold land in Lang Suan invites global investor bids
A prestigious piece of freehold land nestled in Bangkok‘s highly-prized region, Lang Suan, has notably emerged on the bidding block. Managed by Colliers Thailand, the real estate and professional services heavyweight, offers are being invited for a prominent development plot on the distinguished Lang Suan Road in Bangkok. Investors around the world have turned a keen eye towards this proposition,…
- 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…
- Business News
Thailand’s real estate sector eyes foreign investment boost
With an eye on boosting the economy, real estate developers and consultants are urging Thailand‘s new government to implement policies that promote foreign investment. They believe such measures will stimulate a more positive environment for overseas buyers in the property market, suggesting promotional efforts to increase awareness among foreign investors. Artitaya Kasemlawan, head of residential sales projects at CBRE Thailand,…
- Property News
Foreign investors target luxury Bangkok condos, India eyes Pattaya properties
Foreign buyers are showing renewed interest in luxury condominiums in Bangkok, with potential investors primarily coming from China, Myanmar and India. Yesterday, Capital One Real Estate and its representatives have reaffirmed that Thailand’s real estate market is showing positive signs as their portfolio value is on track to reach 50,000 million baht (US$1.42 billion). As a result, foreign market sales…
- Thailand News
Ownership nightmare: British buyer’s 15 million baht condo purchase in Koh Samui hits legal roadblock
A British man filed a complaint with the Thai authorities after he bought a 15 million baht condominium in Koh Samui from a real estate company in the southern province of Surat Thani but could not obtain legal ownership. Many foreigners fell victim to this company, resulting in estimated damages of 100 million baht. A representative of the Thailand Consumers Council,…
- Property News
FazWaz’s successful Agent Recruitment Event in Phuket paves way for Koh Samui
Thailand’s leading real estate company, FazWaz, held a successful Agent Recruitment Event on Friday, May 5, 2023, at Four Points by Sheraton at Patong Beach. The event aimed to give interested agents an in-depth understanding of FazWaz and the advantages of working with the esteemed firm. The recruitment event included informative presentations, speed interviews, and an engaging networking session. Aspiring…
- Thailand News
Southern Thailand’s struggle to attract foreign investors
The Southern Region Industrial Estate in Songkhla province of Thailand is unusually quiet. Long winding roads, usually bustling with heavy vehicles, are mostly empty. There are only two industrial estates in southern Thailand, the other being the Songkla Industrial Estate. In total, there are 67 industrial estates across the country. Sirianya Pornsuwankun, a tenant of the Southern Region Industrial Estate…
- Destination Guide
Top 5 reasons to reside in Koh Samui (2023)
Koh Samui is a tropical paradise located in the Gulf of Thailand, known for its stunning natural beauty, crystal-clear waters, and laid-back way of life. This idyllic island offers a unique combination of modern amenities and traditional Thai charm, making it an ideal place to live for those seeking a tranquil and relaxed lifestyle. With a diverse range of properties…
- Property News
Russian, Chinese investors drive Phuket property market
The Phuket property market is on fire now, with the help of Chinese and Russian investors. Chinese buyers are reportedly increasing their investments, buying up villas, shophouses, and even orchards, to cater to Chinese tourists. Russian property investors are also contributing to the surge in demand for villas and homes in Phuket. While Russians are interested in buying pool villas,…
- Business News
Prime office location for rent in the heart of Bangkok’s thriving Bang Kapi area
Looking for a strategic prime office location to establish your business in Bangkok? Look no further than the SINGHA COMPLEX project in the bustling Bang Kapi area. The recently completed office space on the 18th floor of the tower is now available for long-term rent. The indoor area of the office measures 783 square metres and it is currently unfurnished.…
- Thailand News
Thailand’s top 10 most expensive condos
Thailand is home to 15 condominium projects selling condo units for more than 50 million baht each, according to the Agency for Real Estate Affairs (AREA). Matichon reports that the President of AREA’s Thai Real Estate Research and Valuation Information Centre, Sophon Pornchokchai, revealed on Tuesday that the most expensive condominium unit in Thailand is worth a whopping 887.2 million…
- 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…
- Expats
Russian invasion spreads to Thailand’s paradise islands
Ukraine isn’t the only nation suffering from a Russian invasion, Thailand is facing it too. Since Russia took exception to Ukraine’s aspirations to join NATO and the European Union thousands of Russian citizens have fled to avoid conscription to set up camp in Thailand. Russian roubles may have been welcomed by Thai businesses as the Covid-19 ravaged kingdom looks to…
- Video
Reasons Why You Should Live in Kamala Phuket feat. Twin Palms Residences Montazure
https://youtu.be/qmPuOmWzfsc Kamala Phuket is an amazing place to live! Located in Thailand, this vibrant city is known for its culture, beautiful beaches, and delicious food. With a range of activities, from relaxing on the beach to exploring the city’s vibrant nightlife, there’s something for everyone in Kamala Phuket. The city is also known for its affordable living costs and strong…
- Bangkok News
Thailand records a drop in the sale of used homes
A survey by Thailand’s Real Estate Information Center (REIC) revealed there was a drop in the sales of used homes throughout the kingdom in the third quarter of last year. REIC acting director-general Vichai Viratkapan reckons the decrease is down to the cut in transfer and mortgage fees, the easing of loan-to-value (LTV) limits, and an increase in second-hand home…
- Destination Guide
Experience luxury living in Laguna Phuket
Laguna Phuket is a stunning area located on the west coast of Phuket, Thailand. It is an ideal destination for property buyers looking for a luxurious, tropical lifestyle. The area is renowned for its stunning beaches and lush, tropical rainforest. With a range of amenities and activities, Laguna Phuket provides an idyllic setting for those looking to purchase a property,…
- Property News
Top 5 foreign nationalities buying condos in Thailand in 2022
Chinese nationals bought the most condos out of any foreign nationality in Thailand this year despite the difficulties posed by Beijing’s strict Covid-19 restrictions, which are finally easing up after three years. In Thailand, foreigners are permitted to own 49% of the units in any condominium building. The remaining 51% must have Thai ownership. Although fewer Chinese bought condos in…
- Sponsored
FazWaz captivates Phuket with shock and awe billboards
Phuket has been captivated by FazWaz’s recent billboard campaign, which has grabbed the attention of the local community and expat population with its bright yellow billboards and provocative slogans. FazWaz’s billboard shock and awe campaign features bright yellow signs which are sure to catch the attention of anyone passing by. The billboards are adorned with provocative slogans designed to rouse…
- What you get for $X
What $150,000 buys you for a 2 bedroom condo in Bangkok
If you are looking for what $150,000 buys you for a 2-bedroom condo in Bangkok, you have come to the perfect place! For those looking for an affordable place to live, finding a two-bedroom condo at $150,000 in Bangkok is certainly possible. With a growing number of condominiums available in the city, and with many of them offering competitive prices,…
- Ask an Agent
Why hire a real estate professional in Thailand?
Thailand’s real estate market is one of the most vibrant in Southeast Asia and has been attracting investors from all over the world for decades. It has some of the most attractive investment opportunities in the region, particularly for those looking for a combination of returns and lifestyle. The country has seen tremendous growth in the past years and its…
- Thailand News
Thailand is not ‘selling off’ the country by letting foreigners buy land, says govt
The Thai government is defending its plan to allow foreign investors to buy up to one rai of land after an opposition party claimed that they are “selling off” the country. Foreign land ownership in Thailand comes with strict conditions and the plan will benefit the country’s economy, a government spokesperson said yesterday. The Cabinet recently voted to allow four…
- Property News
Thailand’s monsoon baht debacle lights fire to Phuket real estate sector
As Thailand’s monsoon season continues with what seems to be an endless line-up of thunderstorms and massive rain showers, the real story in Thai real estate is the baht. The Thai currency is precariously sitting at a 16-year low against the US dollar and has depreciated by nearly twelve per cent this year. As the exchange rate hovers near the…
- Hot Property
Wallaya Villas is back with its new pool villas in Phuket
The first established real estate developer in Phuket’s Kamala neighbourhood is Wallaya Villas. They have more than 17 years of experience in the local real estate industry. They have worked on a variety of projects, including The Nest and The Harmony Phase II, as well as in hotels, commercials, and residential properties. As a result, Wallaya Villas is one of…
- Visa Information
Cabinet to debate foreign land ownership in Thailand
A foreign land ownership act that would allow foreigners to buy houses and up to 1 rai of land in Thailand has been drafted and will soon be debated by the Cabinet, according to Deputy Minister of Interior Niphon Boonyamanee. If the bill makes it through further readings, it could stimulate Thailand’s real estate economy, said Niphon. According to Thailand’s…
- Press Room
Real estate investment opportunity in Phuket- Solar-powered pool villas for sale in Thailand
Press Release Demand for rental properties has been on the rise in Thailand since things began to ease up and businesses started to reopen in 2022. One of the main reasons is that many of the first-time buyers who were going to invest in properties have had to take a detour for their securities in these uncertain times. However, this…
- Property News
Thais prefer to live close to hospitals, not public transportation
Thai consumers now prioritise healthcare facilities and want to avoid busy and crowded locations. The outbreak of Covid 19 has altered real estate demand away from easy access to public transportation and toward hospitals and better healthcare. A survey was conducted by DDproperty during the first half of 2022, where they asked 1,000 locals aged between 22 and 69 about…
- Property News
Land and building tax payment extended by 3 months
The land and building tax payment schedule has been extended by 3 months to assist residents and business owners to navigate through difficult financial waters. The end of April deadline has been relaxed until the end of July. Interior Minister Anupong Paojinda says the extra time will allow taxpayers to pay without penalties, and those who have been fined will…
- Property News
RGP adopts cost-saving tactics to sell condos for 1.2 million baht
Regent Green Power, a property developer known for inexpensive apartment units, is fighting back against the universal cost of living crisis to make prices more affordable for consumers. The Bangkok-based property business says it can build condominiums priced at or lower than 1.2 million baht, for about 25-30 square metres, in areas less than 500 metres from mass transportation. How…
- Property News
Real estate market to experience inflation price hikes
Rising inflation and interest rate hikes are expected to impact demand for real estate and mortgages in Thailand this year due to the price of new homes rising in parallel with the cost of construction materials, according to the Housing Finance Association. The government’s reaction to the outbreak of Covid-19 has had a major impact on the real estate market…
- Property News
Russians overtook Chinese as Phuket condo kings in Q1
A leading Thai real estate consultancy firm revealed Russia was the No.1 country for buying apartments in Phuket in the first quarter of 2022, with 74 properties worth 245 million baht. China was previously the Phuket condo kings but thanks to the mainland’s zero-Covid-19 policy, the former Soviet state has surpassed Chinese buyers in the holiday resort, with Q1’s total…
- Property News
Central Pattana’s 10 billion baht investment in 37 new hotels
Central Pattana is launching 37 hotels in 27 provinces in Thailand with 4,000 rooms, valued at a total of 10 billion baht, under the Centara Hotels and Resorts brand. The kingdom’s largest retail property development and investment company aims to hire about 3,900 people across the country in the process. The company will focus primarily on second-tier locations, as it…
- Property News
Bangkok target 50,000 new apartment units by 2022
New apartments in Bangkok are expected to exceed 50,000 units in 2022, beating levels seen in 2020 and 2021 but still falling short of levels seen before the Covid-19 outbreak. If the war between Russia and Ukraine doesn’t escalate and further, and if monkeypox is kept under control (and other ‘problem’ areas of the international economy are kept under control),…
