real estate
- Hot Property
Phuket real estate expands to inland areas
Phuket’s real estate market has experienced unprecedented growth over the past few years, driven primarily by the strong recovery of tourism following the Covid-19 pandemic. Another hugely important factor contributing to this market buoyancy has been the increase in Russian investors, who led the way in terms of foreign investment for 2023 as they sought safe havens for their capital…
- Property
How to find a property for sale in Pattaya
Pattaya, Thailand’s coastal city has become an increasingly popular destination for property buyers seeking a tropical paradise. With its stunning beaches, vibrant nightlife, and growing infrastructure, Pattaya offers a unique blend of relaxation and excitement. However, finding the right property in this bustling real estate market requires careful consideration and thorough research. That’s why Pattaya Prestige Properties has created this…
- Business News
Brick by brick: ONEAM builds investor excitement with TIREIT launch
ONE Asset Management (ONEAM) is digging foundations in the investment world, launching the Thai Industrial Real Estate Investment Trust (TIREIT) for investors seeking fresh opportunities amidst a shifting financial landscape. With high interest rates finally shifting into the rear-view mirror, savvy investors are turning to alternative assets like TIREIT to spread their risk. Chief executive Pote Harinasuta has revealed that…
- Property
Driving sales: Thai real estate shifts gears with fashion and wellness brands
Thailand’s real estate developers are expanding beyond familiar hotel brands into the realms of iconic automotive, fashion, and wellness labels, as they seek identities that resonate with luxury property buyers. Listed property group Ananda made global headlines with their ultra-luxury offering, Porsche Design Tower Bangkok, with eye-catching prices reaching 1 million Thai baht per square metre (approximately US$33,000 per square…
- Property
The 5 reasons why Phuket remains a hotspot for real estate investment in 2024
Phuket’s charm is undeniable, and it’s easy to see why so many people are drawn to the idea of owning a piece of this paradise island. But is now the right time to invest in property here? The short answer is yes. According to the 2024 market insights by property portal FazWaz.com, the island’s property scene is thriving, with a…
- Property
Real estate market trends in Thailand 2024 to 2025
Thailand’s real estate market is set to experience a transformative period from 2024 to 2025, driven by increasing foreign investment and a robust tourism sector. The Kingdom is becoming a hotspot for property investors seeking high returns and growth potential. With urbanisation accelerating, cities like Bangkok, Chiang Mai, and Phuket are witnessing a surge in demand for residential and commercial…
- Business News
What is the best property to invest in Thailand in 2024?
Q1 2024 has brought a mixed scenario for Thailand’s property market. Transaction volumes have dropped, yet there’s a modest rise in both property prices and annual yields. Amid the ongoing economic recession and market slowdown, Thai authorities are exploring legislative reforms to attract foreign investment. It’s crucial to differentiate between the resort property sector and condominiums bought with mortgages by…
- 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”…
- 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
Residents protest over false advertising and dilapidated clubhouse
Residents of a housing estate are up in arms over false advertising that promised top-notch amenities, only to be shocked by the dilapidated state of the clubhouse. The celebrity Tuck Boriboon allegedly could not tolerate the situation and joined the protest. Dr Monchai Jongkairattanakul, also known as Lawyer Kaew, shared the plight of the residents yesterday through the Facebook page…
- 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…
- 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
Barking mad: Real estate giant faces online backlash over free pet
A renowned real estate company suffered an online backlash after launching a campaign offering a free pet with the purchase of a luxury home. The campaign, which allows buyers to choose from five different breeds of dogs or cats, sparked widespread criticism. A Facebook user publicly addressed the company in an open letter, expressing concerns over the potential negative impacts…
- 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…
- 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…
- Best of
Top 5 Real Estate Agencies in Thailand
When seeking to purchase, sell, or rent a home, finding the most qualified agents to help you with the process is crucial. In Thailand, we’re spoilt for choice with hundreds of agents in the country. However, finding the right agent for you can be quite tricky; especially when searching for one who can be trusted. We’ve listed some of the…
- 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…
- 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…
- Thailand News
Bangkok developers warned over glut of affordable condos and townhouses
Real estate developers in Greater Bangkok should tread carefully when introducing new condos and townhouses priced under 2 million baht (US$58,241) due to a significant backlog of unsold units, warns Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC). Vichai highlighted that the condo and townhouse market for units priced under 2 million baht (US$58,241) experienced a slowdown…
- 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
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…
- 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…
- 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,…
