real estate
- Business News
Thai land prices appreciate average of 8.3%
Land prices around Thailand have risen by an average of 8.3%, whilst land in the Eastern Economic Corridor have appreciated by more than 10% – the new land appraisals will be implemented for tax collection purposes next year, according to Wilawan Veerakun, deputy director general of the Treasury Department. The price of parcels of land in Khampaeng Phet province has gone…
- Thailand News
Chewathai launches seven new property projects in Bangkok despite slowdown
Listed property firm Chewathai says they are revising down their revenue target for this year from 2.8 billion to 1.6 billion baht after demand for residential projects has shown a slowing down in the first half of 2019. The company’s managing director Boon Choon Kiet made the announcement yesterday. Boon says Chewathai’s total revenue of 618.65 million baht in the…
- Property
Lower demand but Thailand is still China’s favourite international property market
The Yuan has dropped in value against the Thai baht and China remains in the midst of a long-running trade spat with the US. But, still, the Chinese investors are still buying up Thailand property although not at the same rate as they did last year. But juwai.com, specialising in Chinese real estate, predicts further growth of Chinese buyers Thai…
- Expats
Potential for retirement properties in Thailand
by Bill Barnett of c9hotelworks.com While a number of property offerings in Phuket, Hua Hin, Pattaya, Chiang Mai and more recently in Bangkok have promoted themselves as retirement-centric offerings, the jury is still out on the broad success of the sector. Despite retirement communities and assisted living being mainstays in Western countries like the US, UK and Australia, these are…
- Property
Property developer confidence takes a dive in second quarter 2019
A measurement of real estate developer confidence for the Q2 2019 (April to June) has dropped to 42.2 points from 50.4 points for Q1 2019 (January to March). Thai PBS reports that the second quarter confidence index has fallen below the 50 point median index, reflecting developers’ declining confidence in the economic situation and investment in Thailand. Real estate developers…
- Property
Luxury condos change the face of Sathorn Road in Bangkok
by Somluck Srimalee, The Nation From Sathorn junction to Taksin Bridge, the riverside section of Sathorn Road has been transformed from a strip of shophouses to luxury residential condos in a gentrification that added 8,000 new apartments to the area. As well, the businesses have shifted to a more modern trade to replace the traditional trades. With the market trend, listed…
- Tourism News
Phuket’s new town planning code will radically change island
Thailand’s Department of Public Works and Town & Country Planning is finalising sweeping new development regulations for Phuket. The island’s MICE industry is expected to be a big winner from the proposed changes (more below). In April the draft regulations were issued for public comment and it is expected the new set of rules will come into effect over the next…
- Property
Chinese continue to soak up Thailand’s condo glut
There are man reasons why Thailand is a favourite location for property buyers from Hong Kong and mainland China – the street food and great weather are just a part of the allure. Chinese nationals spent a record 40 billion baht (US$1.25 billion) on Thai properties in 2018, according to the Bank of Thailand. So who is buying Thailand’s condominiums?…
- Opinion
Statistics don’t lie, agents do
OPINION Anyone currently involved in the Thailand property market will be happy to note that Thailand’s global ranking for transparency within its real estate market (Jones Lang LaSalle, 2014) has improved from 39th in 2012 to 34th in 2019. What does this actually mean for the majority of us? Unfortunately, the answer is very little indeed! With almost no…
- Cannabis News
British man pioneers cannabis tom yum, police are not happy
PHOTO: Khaosodenglish A 58 year old real estate developer, living in Koh Samui for 22 years, is facing some trouble with the police for his ‘medicinal’ innovations in the kitchen. Police have arrested and charged Gary Coughlan with drug offenses after they noticed he was acting a little ‘unusual and erratic’ this morning (Wednesday). He later tested positive for drug…
- Bangkok News
Chinese investment sets new records in property purchases
The demand for property, especially in Bangkok, continues unabated. Despite a drop off in absolute tourism numbers, enquiries from Chinese real estate buyers remains strong, setting new records. Not only are the Chinese the most frequent tourists to Thailand, they are the most enthusiastic property buyers, stetting a new record for Q3 this year. Number two in foreign investors into…
- Property
Developer promises and the ‘rental guarantee’
According to a recent report from CBRE, more than 80% of Phuket condo sales offered rental guarantees in reported sales in the first six months of 2018. The report says that most of these condo sales were for properties less than 5.5 million baht. The CBRE report also noted that there were 458 condos and 56 villas sold in the same…
