real estate
- Press Room
Leading domestic and international stakeholders pledge to unite to ignite tourism in Nakhon Si Thammarat
Urasaya Property Co., Ltd, the pioneering real estate company and developer of Banyan Tree Residences Sichon, came together with local tourism leaders, key stakeholders and the business community in Nakhon Si Thammarat on Thursday 27th June, to discuss and share its vision for creating a bright and sustainable future for this spectacular southern Thai province. Under the Thai government’s “Ignite Thailand”…
- Property
Welcome to Wealthy Flow Asset
A leading real estate agency in Bangkok, proudly announces its exceptional range of premium property offerings designed to meet the unique needs of discerning clients. With over 11 years of dedicated service in the Bangkok real estate market, Wealthy Flow Asset has established itself as a reliable and professional agency known for its extensive portfolio and customer-centric approach. Are you looking…
- Thailand News
Latest trends in the Thailand real estate market
Thailand’s economy is affected by the real estate market in a big way. Tourist destinations like Bangkok and Phuket have seen times of expansion. Both local desire and attention from other countries drive growth. There are a lot of different types of buyers in the housing market. There are expensive homes in great places and cheaper homes in new areas. …
- Thailand News
Government may raise foreign condo ownership limit to 75%
The government considers increasing the foreign ownership limit in condominiums from 49% to 75% of a building’s usable space, as disclosed by Deputy Prime Minister Phumtham Wechayachai. The Interior Ministry is evaluating the feasibility of extending the maximum leasehold period for foreigners from 50 years to 99 years. Phumtham stated that this proposal was first discussed at a Cabinet meeting…
- Thailand News
Thai condo market hit by economic woes and Myanmar restrictions
The Thai condo market is experiencing a downturn due to the current economic situation, with banks tightening lending and household debt remaining high. The recent stringent regulations by the Myanmar government have further impacted sales, as Myanmar buyers are significant customers second only to Chinese buyers. Thailand’s real estate market has been negatively affected by the Myanmar government’s restrictions on…
- Business News
Local governments digging deep into land tax challenges
Local governments face a significant challenge in evaluating underutilised land plots to determine the appropriate tax burden under the land and building tax, according to finance permanent secretary Lavaron Sangsnit. Lavaron noted that the tax law, effective for five years, is currently under review for potential amendments. A key issue under scrutiny is the enforcement and interpretation of land utilisation.…
- Thailand News
Dilapidated building in Bangkok listed for 18 million baht
A four-storey dilapidated building in Bangkok has been listed for sale at 18 million baht, causing quite a stir online. Netizens are engaged in lively debates about whether this “fixer-upper” is worth the “price tag shock.” Aood Narongrit, a Facebook user, shared images and details in the group Second-Hand Houses at Good Prices in Bangkok and Surrounding Areas. The post…
- Thailand News
Mario Kleff bags top honour at the 2024 International Property Awards Asia Pacific
Architect extraordinaire Mario Kleff has done it again! He’s just been celebrated at the 2024 International Property Awards Asia Pacific, walking away with the prestigious accolade for Best Single Residence Thailand. This nod comes thanks to his stellar work on the Majestic Residence Signature Villa, a true gem in Pattaya’s architectural crown. Set against the vibrant backdrop of Bangkok on…
- Thailand News
Fairyland department store in Nakhon Sawan up for sale
A real estate broker announced on Facebook the sale of the renowned Fairyland department store, a well-known local establishment in the Nakhon Sawan province. “Selling Fairyland Department Store, Nakhon Sawan, along with adjacent shophouses on Sawanwithi Road. The property covers 7 rai (approximately 2.8 acres), with a five-storey building in the heart of Nakhon Sawan. The price is 550 million…
- 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
Myanmar real estate sales surge by 240%
The chief executive of a leading property firm today revealed an intriguing glimpse into the flourishing 2024 foreign real estate sector. The disclosure highlighted a remarkable 240% surge in sales within the Myanmar market compared to the same period in the previous year. Despite the surge in the Myanmar market, the Chinese market continues to dominate, accounting for 50% of…
- Thailand News
Bangkok riverside estate lists at 200 million baht
A Facebook post advertising a house for sale along the Chao Phraya River on Charansanitwong Road in Bangkok sparked widespread interest and surprise with its staggering 200 million baht price tag. Social media users have been buzzing about the post, shared in an exclusive group for luxury properties, presenting a prime piece of land with a view of the Sapaya…
- Thailand News
Loan rejections soar for Thai homes under 3 million baht
The Thai housing market is facing a significant challenge as a growing number of loan applications for homes priced below 3 million baht are being rejected. According to the Housing Finance Association, the rejection rate has spiked to 50%, highlighting the vulnerability of this segment despite its substantial market size. The association’s secretary-general and chairman of the executive board, Alangkot…
- Business News
Raimon Land plans 3,588 million baht capital increase for sustainable growth
Raimon Land Public Company Limited (RML), a premier real estate developer in Thailand, plans to increase its capital by 3,588 million baht (US$99 million) from 4,172 million baht (US$116 million) to a total of 7,760 million baht (US$216 million). This move is part of RML’s strategy to support sustainable growth, targeting continuous profit enhancement and a turnaround. The proposal will…
- Thailand Hotels
Banyan Tree Founder developing USD2 billion international commmunity in Bangtao Phuket’s emerging Thonglor Lifestyle District
The resort island of Phuket which once was highly tourism dependent, has quickly evolved into a global hotspot as an international community for a rising tide of global citizens. Taking flight is a migration megatrend that is being driven not only by geopolitical events worldwide but a series of other emerging segments. Those highlighted in C9 Hotelworks latest research include…
- 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…
- 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
Thai real estate faces perfect storm next year
Thailand‘s pivotal real estate sector, a key economic force, anticipates a demanding 2024 due to substantial dependence on supply chains and various internal and external risks. Business entities foresee the need to adapt strategies, as the government prolongs the property transfer and mortgage registration fee reduction for an additional year to invigorate the market. Wongsakorn Prasitwipat, the managing director of…
- Thailand News
Bangkok condo conundrum: Thai man’s discount deal to evict stubborn mother
A Thai man put his Bangkok condo room up for sale at a low price to force his interfering mother to move out. He says he can’t personally use the condo because his mother refuses to leave. The Thai man announced the sale on a Facebook group on October 26. The condominium is situated within the HR Residence project, which is…
- Business News
Evergrande’s uphill battle: China’s property giant grapples with dwindling option
China Evergrande Group, the beleaguered real estate titan, is rapidly exhausting its options to salvage one of the most substantial restructuring efforts in the country’s history. A series of unforeseen circumstances, including the cancellation of crucial creditor meetings, the necessity to revise its restructuring plan, the detainment of staff from its money management division, and a failure to meet the…
- 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,…
- 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,…
- 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…
