real estate
- 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…
- 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…
- 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…
- 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
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
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
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…
- 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…
- 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,…
- 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…
- Thailand video news
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…
- 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…
