real estate
- Property
Thailand self-built home costs to rise at least 5%, as metal and fuel prices spike
The prices of self-built homes are projected to rise by 5-8 percent, spurred by rising metal and fuel costs in the wake the war in Ukraine. Since Russia began its invasion of Ukraine last month, metal prices have increased by 50%. Key construction materials, various metals account for some 20% of home building costs. As a result, the prices of…
- 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
Origin to launch 31 projects, targets 17.5 billion baht
Developer Origin Property intends to introduce 31 new residential properties in Thailand totalling 42 billion baht, targeting 35 billion baht in presales and 17.5 billion baht in revenue, according to the Bangkok Post. Of the projects, 19 are apartments, costing a total of 28.6 billion baht, followed by 12 low-rise residences, costing 13.4 billion baht, says Origin’s chief executive. “The…
- 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…
- Property
SC Asset to develop 27 domestic projects in 4 years, targets 100 billion baht in revenue
SC Asset Corporation aims to invest 40 billion baht to build new residential developments in Thailand totaling 130 billion baht between 2022 and 2025, with a revenue target of 100 billion baht over the next four years. Of the 130 billion baht the SET-listed developer intends to invest in new releases from 2022 to 2025, 20 billion baht would go…
- 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
Property Spotlight: Plum Condo Bangyai Station in Nonthaburi
If you’re looking for an affordable condo to rent or buy north of Bangkok that’s within easy walking distance of public transportation, then Plum Condo Bangyai Station might just be the perfect property for you. Located at 133/38 Mu Ban Ban Bua Thong Road, Bang Rak Phatthana, Bang Bua Thong District in Nonthaburi, the condominiums project is just a 10-minute…
- 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,…
- Property
Demand for residential property returns to Phuket
After the Phuket Sandbox programme has seen 4 months since its commencement, it seems to have brought some life back to the island after almost 2 years of a stagnated economy. The Tourism Authority of Thailand says a total of 59,689 international tourists have visited the Andaman Sea vacation island under the Sandbox programme from July 1 to October 30.…
- 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
Covid-19 has accelerated Thailand’s property market disruption by 5 to 10 years
Real estate experts say the Covid-19 pandemic has accelerated a great disruption in Thailand’s property market that was supposed to take place over the next 5 to 10 years. Now, however, experts say it will arrive sooner. According to managing director of Chon Buri-based property developer, Ratanakorn Asset Co., Jugkarut Ruangratanakorn, there are 10 disruptive trends that will challenge 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…
- Best of
Top Agencies to Rent a Condo with in Thailand
When looking to rent a home, choosing the most qualified agents to help with the process is essential. In Thailand, there are hundreds of agents and thus, finding the best one for you may be overwhelming; especially when finding one that you can trust. Below, we’ve ranked some of the top real estate agents in Thailand who can help you…
- Business News
Inside story behind the Thailand property seachange
by Bill Barnett of c9hotelworks.com For Thailand’s real estate market, Covid-19 has brought massive changes in lifestyle and ongoing pandemic fatigue is pushing many domestic buyers to shift property investment preferences in favour of resort or countryside destinations. Whether you call it Plan B, a sea change or an escape plan, one thing for certain is that change is in the…
- Thailand video news
Good Morning Thailand | Thai property questions answered, Bangkok lockdown mulled, Latest covid update
Today Tim and Bill talk with Arina Kaiser and Mike Kenner all things related to property ownership in Thailand, and the ways we find properties to rent and buy. We look at the latest covid updates and what looks like a possible lockdown incoming for Bangkok. Welcome to our LIVE broadcast @ The Intercontinental Phuket Resort, Kamala. Drop in and…
- Economy News
Property market in tourism areas relying on vaccines for recovery
Tourism destinations in Thailand are pinning their hopes on Covid-19 vaccines to revive their decimated economies, including in the real estate sector. Vichai Viratkapan from the Real Estate Information Centre says the property sector’s recovery will be driven by the rollout of vaccines, particularly in tourist destinations that have borne the brunt of the economic devastation. “Tourism destinations like Phuket,…
- Phuket News
How Thai mega-villa buyers have reignited Phuket’s luxury real estate market in the downturn
The following story was submitted by Bill Barnett, founder and managing director of C9 Hotelworks. Phuket’s sizable mega-villa property sector has experienced an unexpected surge in multi-million-dollar sales over the past year as Thai buyers sought refuge in the global Covid-19 crisis. Over 5 billion baht (approximately $167 million USD) in primary and secondary high-end properties transacted at the height…
- Thailand News
Tower Of Babble – Have your say on The Thaiger | VIDEO
Tower of Babble is where we read some of your comments to The Thaiger YouTube videos. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower of Babble each day. Go to our YouTube channel and…
- Thailand News
Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14
The Samut Sakhon governor is continuing to recover from a dangerous bout of Covid-19 and is expected to be taken off a ventilator today. The 58 year old was in “critical condition” after contracting the virus on December 27. His infection was reported just a week after the outbreak at one of the largest seafood markets in the coastal province…
