real estate
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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,…
- 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…
- 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
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),…
- Thailand News
“Beware, shakedowns in Thailand’s property market” I Lawyers, Guns and Money
There are great opportunities in Thailand’s real estate and property markets. Plenty of people buy, live in and sell, sometimes for a profit. Some live in their properties and some purchase them for investment. But there are well-publicised problems and even scams that have blunted the image of Thailand’s property industry, particularly the tourist magnets where beaches and a…
- Destination Guide
Guide to living in Thonglor, Bangkok’s trendiest district 2022
Thonglor has developed more than any other Bangkok neighbourhood in recent years. Previously, it was a posh residential area reserved for the wealthy. While this is still true, it has gained popularity among the younger generation and expatriates. The area is often known as one of Bangkok’s trendiest neighbourhoods, and a walk through its alleyways will reveal a vibrant area…
- Property News
Hotels are expected to see a large jump in earnings
Thai property giant Singha Estate predict a large jump in hotel revenue in 2022, and a considerable increase in real estate sales, following the return of international travellers after Thailand’s reopening. Once hotels revive, earnings from the hotel sector will increase from 4.5 billion baht in 2021 to 9 billion baht in 2022, according to the Chief Financial Officer of…
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Can Non-Thai nationals get financing to buy property in Thailand?
There are a few ways foreigners can use finance to purchase property in Thailand. If you’re an expatriate who owns a business in Thailand or you are currently working on a job that pays well, there is a possibility that you can borrow money against your company in the form of a mortgage to buy a home. However, since each…
- Thailand video news
Bad Students, Watching Porn & Lazada Gate | GMT
A school in Thailand has introduced strict, conservative guidelines that will deduct points off students for not following the school rules. Where does Thailand rank amongst the countries that watch the most amount of Porn? The Royal Thai Army is boycotting Lazada in the latest reaction following an advertisement deemed offensive to Thailand’s monarchy. Marcos Jr returns family to Philippines…
- Thailand video news
“Curb your enthusiasm: Thailand gets real over tourism” | GMT
Tourism operators are quite calm about the current situation in Thailand and are playing down the over optimistic coming tourism statistics being thrown around. The signs of the times, billboard advertisements are doing poorly. We look at the current real estate trends in Phuket and talk to developed Doug Ferguson about his development Trichada. Maya Bay close again and more…
- What you get for $X
What you can get for 1 million USD in Phuket
Wondering what you could buy in Phuket with a budget of 1 million USD? A million dollars goes a lot further in Phuket than in most western countries like the United States. With house prices rising significantly in many areas around the world, properties in beautiful but less expensive places like Phuket are certainly looking very enticing. Phuket has been…
- Property News
How living the dream became a nightmare for Phuket property buyers
Dreams die hard, even in a pandemic. But for thousands of Phuket property buyers who invested in the promise of a tropical dream with endless sunsets, the stone-cold reality of failure is just starting to hit home. Amidst a backdrop of rusting steel, decaying concrete, and empty construction sites lays the dark side of the island’s real estate trade. To…
- Property News
Thailand real estate sales projected to stay strong in 2022 — CBRE
CBRE plans to sell 14 billion baht in real estate this year, representing a 15% increase year on year, with luxury low-rise residences and resort villas being the main sellers. The company reportedly made 12 billion baht from real estate sales in 2021, an increase of 30% from the previous year. Luxury low-rise homes and villas have increased in popularity…
- Property News
Nawarat to launch 2 projects at 2 billion baht in 2022
After a two-year break, contractor Nawarat Patanakarn aims to launch two new home projects costing nearly 2 billion baht in 2022. The new developments will be close to existing ones that are nearly sold out or have a high demand. The company aims to earn 600 million baht by year’s end, a conservative estimate well below its 690 million baht…
- Destination Guide
Neighbourhood Guide: Asoke, Bangkok
Bangkok can be a challenging city to explore due to its wide variety of neighbourhoods. One of the busiest and most dynamic areas is Asoke. There are many words to describe it Asoke. Some label it as a prime hangout spot, while others call it the central business district. Either way, it’s a central location in the heart of Bangkok…
- Property News
Unsold properties saturate Thailand real estate market, may breach 1 trillion baht
Developers of residential properties in Thailand should exercise caution when announcing new properties this year, as their collective plans represent the largest amount of new properties in more than a decade, warns Asia Plus Securities. Meanwhile, unsold properties present a high level of risk and might exceed a total value of 1 trillion baht. The word of caution comes as…
- Property
Thailand condo market improved slightly in 2021, despite cautious expat buyers — CBRE
Thailand’s condominium market saw a modest improvement in 2021, despite the overall “sentiment” remaining low with a lack of foreign buying power. That’s according to a report by CBRE, which measured the pandemic’s effect on the country’s economy, customer confidence, spending power and an oversupply of options. The report found that fewer international investors has compounded the situation. Foreign buyers,…
- Property
5 smart devices to customise your property in Thailand
When it comes to different types of smart home devices, there’s a huge selection across a wide price range. Adding gadgets you can operate remotely will make your house a little more manageable a lot more automated. So pimp out your property with these 5 tech items for a smarter home. Google Nest Mini The Nest Mini is an excellent…
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CBRE recommends top 5 luxury condominiums in Phuket with fantastic locations
Luxury condominiums in Phuket are an appealing alternative to villas or houses because you can purchase them on freehold, which means that the condos are 100% in your name. It is just like owning a property in your own country. Luxury condos also typically feature their own private pools, as well as a broader range of onsite amenities and 24-hours…
- Property
Singha Estate to invest B11 billion in projects in 2022, targets hotels and offices
Thailand property giant Singha Estate says it wants to invest 11 billion baht in new and current projects in 2022, aiming for a 73% increase in revenue — as soon as global tourism improves. Of that figure, some 4 billion baht will be reserved for fresh plots of land for low-rise housing developments aimed at the upper end of the…
- Property
Singapore home sales down 22%, as expat workforce hits 12-year low
Home sales in Singapore have fallen to their lowest rate in nearly 2 years, as cooling policies and rising property taxes slowed the residential market. The number of foreign white-collar professionals working in the city-state has also reached a 12-year low. The poor property sales reflect a lack of consumer confidence after the Singapore government raised taxes on high-end residences…
- Property
Siamese Asset plans 6 residential properties, targets healthcare and foreigners
Siamese Asset plans to build 6 new residential properties in the Bangkok area for a total cost of more than 11 billion baht, including properties that would provide nursing care for the elderly and rehabilitation clients. Siamese Taling Chan is one of the new projects the company has envisioned for the healthcare sector in 2022. It would be a combination…
