real estate
- 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 News
Frasers to invest 10 billion baht in industrial space, ‘new economy’ by 2025
Frasers Property Industrial aims to invest 10 billion baht to expand its industrial buildings from 3 to 4 million square metres by 2025, with 50% of new projects directed at the “new economy” category, according to the Bangkok Post. FPIT expects to continue its dominance by expanding its market share to 60% — up from the pre-pandemic 40%. This year,…
- 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…
- 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
Central Patana to open largest mixed-use project in Chanthaburi
Central Pattana is set to unveil Central Chanthaburi — the largest and most comprehensive mixed-use development in eastern Thailand. The complex, which is scheduled to officially open on May 26, will exemplify the company’s mixed-use project model in urban cities to strengthen the local economy. Central Chanthaburi is anticipated to be a new city landmark, consisting of a hotel, shopping…
- 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…
- Property
Thai steel producers brace for higher production costs, slower market
Thailand steel producers are preparing for the fallout of higher steel prices and growing demand from Asia in the wake of Russia’s invasion of Ukraine. Within a week, the world market price of steel billet rose to roughly US$800 per tonne, up from $650 per tonne, EAF Long Product Steel Producers Association committee member Pravit Horungruang told the Bangkok Post.…
- Property
Bangkok office owners should update, renovate now — JLL Thailand
Bangkok property owners should update their older office spaces now to maintain renters and adjust to changing consumer habits. Renovations and upgrades of older facilities are necessary in the face of lower demand and increased competition, as local developers plan to introduce more than 2 million square metres of new office spaces between 2022-2026. Owners of ageing office buildings in…
- Sponsored
CBRE offers luxury coastal lifestyle in Phuket 2022
Sponsored Article CBRE Thailand Phuket, located in the south of Thailand, is famous for its wonderful tropical settings, idyllic beaches, breathtaking beachfront, hilltop properties, and vibrant community of ex-pats. The island offers a high standard of living at a reasonable cost compared to other top holiday destinations, and its well-deserved reputation for luxury and exclusivity make it one of the…
- Property
Centara plans to build 100 new hotels by 2026, launch 20 per year
Centara Hotels and Resorts plans to open 100 new hotels in Thailand, the Middle East, China and neighbouring countries over the next 5 years, with the intention of managing them through agreements with partner companies, according to the Bangkok Post. Centara’s 5 year goal from 2022 aims to add 20 hotels each year, bringing the total number to more than…
- Property
Thailand developer Sansiri to focus on low-end, affordable apartments in 2022
Sansiri says it will put lower-end apartments on the market a month before they are finished, and will collaborate with banks to secure the transfer of units with reduced mortgage loan rejections. The approach can assist the company in achieving sales and transfers in lower-end sectors with greater mortgage rejection rates than others, according to the assistant executive vice-president for…
- Property
Thailand real estate market to see post-pandemic boom by 2024
Real estate developers in Thailand should brace themselves for a post-pandemic boom, despite the current inflation and higher development prices, economists say. After a 2 year slowdown during the pandemic, Thailand will enter a new economic phase from 2022 to 2024, according to Bangkok Bank’s Senior Executive Vice-President Kobsak Pootrakool in the Bangkok Post. “We are getting close to the end…
- World News
Office and retail property predictions for Asia Pacific in 2022
CBRE, leading international property consultants, foresees a record year for Asia Pacific commercial real estate investment in 2022, driven by steady economic growth and pent-up investor demand, according to the company’s 2022 Asia Pacific Real Estate Market Outlook. CBRE expects total investment volume this year to grow by at least 5% to more than US$150 billion, surpassing the previous pre-pandemic…
- Sponsored
Top 5 pool villas in Phuket recommended by CBRE
Sponsored Article Whether you’re looking at Phuket for a permanent home, a vacation villa, or an investment opportunity, we have a range of properties that tick all the boxes necessary for enjoying a luxury lifestyle on the island. In addition to being visually stunning, these pool villas are situated within compounds with solid security, as well as being close to…
- Property
Dusit continues asset light hotel development plan for 2022
SET listed Dusit International is sticking to its hotel opening schedule for 2022, developing a long term strategy while implementing an asset light model. Dusit International CEO Suphajee Suthumpun said the company is on schedule to open new hotels in Thailand and abroad, including in Greece, India, the Middle East, the Philippines and China. Dusit Thani’s international hotel, resort and luxury…
- Property
Thailand homebuilder Seacon aims for 28% sales growth in 2022
Thailand homebuilder Seacon Company Limited announced it expects a 28% increase in profits for 2022, hoping to make a staggering 2.4 billion baht in sales, as it prioritises luxury and high end properties. The ambitious sales target comes as Thailand’s first homebuilder company celebrates its 60th anniversary this year. Last year Thailand’s homebuilding business significantly improved with a market value…
- Property
Thailand real estate prices expected to rise in 2022
Since the first quarter of 2020, the home price index has been declining while new home prices have increased. Several pandemic-related factors are to blame, including an increase in the costs of fuel and construction materials, along with higher inflation and a labour shortage. The compounding of these pressures mean real estate prices in Thailand are ready to rise in…
- Property News
Property juggernaut AP Thailand to launch 65 projects costing B78 billion in 2022
Property developer AP Thailand is expected to unveil a whopping 65 new projects valued at 78 billion baht this year, the most in the Thai real estate market, with units ranging from approximately 1.9 to 50 million baht each. The company’s confidence in the first quarter signals good news to investors in the SET-listed company, which is currently ranked No.…
- Property
Chinese buyers dominated Thailand real estate market in 2021
The acting director of the Real Estate Information Centre (REIC), Wichai Wirattaphan, has stated that Chinese nationals accounted for nearly 60 percent of condominium purchases in Thailand in the first nine months of 2021. The statistics released by the REIC show that foreigners from the following five nations were the top investors of properties in Thailand: China, Vanuatu, United States,…
- World News
10 year high: Real estate price spike in Singapore
Last year, Singapore home prices rose to their highest level in more than a decade, boosting the island state’s government’s decision to impose “cooling” policies that will hopefully help the Singaporean property market’s stability. According to estimates released by the Urban Redevelopment Authority on Friday, prices increased by 10.6% in 2021. This is the highest level since 2010, when they…
- Property
Top 5 property developers in Thailand 2022
The Thai capitol of Bangkok is a sprawling metropolis that’s constantly under construction. At any given moment, you’ll find roads torn up for repairs, jamming traffic for kilometres on end; the elevated concrete backbones of new sky train lines being built in the middle of already too-narrow streets; and countless apartment complexes under construction, towering more than 30 stories high,…
- Events
Thailand’s 16th Annual PropertyGuru Award Winners
Thailand’s 16th annual PropertyGuru Awards has given Sansiri Public Company Limited the Best Developer award while other highly-reputable companies and developers took home other coveted awards. Established in 2005, the PropertyGuru Thailand Property Awards originated the PropertyGuru Asia Property Awards series, which has expanded over the years to cover 16 dynamic real estate markets, including Australia, the Chinese territories, Japan,…
- Property
Characteristics of successful real estate agents in Thailand
Thailand has many properties that cater to all kinds of buyers. From luxurious condos in the heart of Bangkok to expansive villas on the islands, it is clear that the real estate agent market is in high demand. But, while some real estate agents merely act as a middle man for a quick sale, more reputable agents usually have a…
- Property
How the Covid-19 pandemic has changed the face of properties in demand
The Covid-19 pandemic has definitely changed the face of many things, including that of Thailand’s properties in demand. According to CBRE, a leading international property consultant, the resumption of real estate activities is in the near future. As Thailand is currently easing entry restrictions, the consultant says it is only a matter of time when the property market will pick…
- Property
Thailand’s property market slated to return to pre-pandemic levels by 2023
Experts are pointing to 2023 as the year in which Thailand’s property market is expected to return to pre-pandemic levels. The estimation is sooner than previously thought, with the easing of housing loan regulations and the country’s reopening speeding up the recovery. Last month, the central bank relaxed mortage regulations to help revive the property sector, which accounts for 10%…
- Property
Government urged to simplify measures for foreign property ownership
Thailand’s government is being urged to simplify measures for foreigners who want to buy property. Such things as money transfers and more medical staff are among the measures that are being scrutinised as too stringent. The vice-chairman of the Board of Trade of Thailand, Atip Bijanonda, says these obstacles are making it hard for foreigners to buy condos. Thus, the…
- Property
Chinese entrepreneurs betting on real estate ahead of reopening
Thailand’s scheduled reopening is just around the corner, and Chinese entrepreneurs have already begun placing bets on prized real estate. Some are plowing money into acquiring hotels, land, and other properties with record-low prices, thanks to the Covid-19 pandemic. Nancy Chen, a Fujian native, joins the growing number of Chinese who have decided to take a chance and invest in…
- Ask an Agent
A guide to finding the best real estate agent for your property
Finding a real estate agent to help you sell your property is an important decision. And, it is apparent after a quick search on the internet, that there are many who offer world-class services. But, how do you know which agent follows through on their services offered? Or which agent makes the process the least stressful? Such things as a…
