Property News
Stay ahead in Thailand’s dynamic property market with the latest news. From property trends to legal updates, our in-depth coverage will keep you well-informed about the Thai real estate landscape. Uncover vital insights, expert analysis, and recent developments to help guide your property-related decisions.
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Sponsored Where you can get cannabis in Chiang Mai
Thailand made the historic move of legalizing cannabis in 2022, and Chiang Mai is definitely on board with the green revolution. From swanky dispensaries to quaint little cafes, the city is now home to a thriving weed industry. But where...
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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…
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FazWaz, leading real estate company in Thailand, announces Agent Recruitment Event
FazWaz, one of Thailand’s leading real estate companies, is looking to expand its team of experienced property agents to continue providing exceptional services and meet the growing demand for real estate in the country. The company will be hosting a recruitment event on Friday, May 5, 2023, at the Four Points by Sheraton at Patong Beach, in two separate sessions,…
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Bangkok’s luxury condo market is booming
Bangkok’s luxury condo scene is booming with rent at some high-end condominiums now hitting 100,000 baht per month, reports BangkokBizNews. Sanchai Khu-Ekachai, Director and Head of Research and Consulting at Knight Frank Thailand Co., Ltd. said… “The condo market began to recover because of demand from foreigners affected by the Russia – Ukraine war, especially condos in Bangkok. Russian tourists stimulated…
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MQDC unveils Cloud 11 – Asia’s largest hub for content creators with innovative and sustainable building
Cloud 11, MQDC’s second themed project, aims to become Asia’s largest hub for content creators and a pioneering sustainable project, valued at over 40 billion Thai baht in South Sukhumvit, Bangkok. With a gross floor area of 254,000 square metres, Cloud 11 will showcase a versatile range of facilities, including a creative office and studio space, hybrid retail, smart hotel,…
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Prime office location for rent in the heart of Bangkok’s thriving Bang Kapi area
Looking for a strategic prime office location to establish your business in Bangkok? Look no further than the SINGHA COMPLEX project in the bustling Bang Kapi area. The recently completed office space on the 18th floor of the tower is now available for long-term rent. The indoor area of the office measures 783 square metres and it is currently unfurnished.…
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Ready-to-move-in condos in Thailand attracting Chinese buyers
The Covid-19 pandemic has driven many Chinese nationals to speed up their relocation to Thailand, with the majority looking to buy ready-to-move-in condos. Kashif Ansari, the CEO of Juwai IQI Group, a real estate marketing firm in China, reckons that Chinese buyers are in a rush to make their move to Thailand right away, instead of waiting for two years.…
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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…
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Nana Overview Guide in 2023
Nana,Bangkok is an energetic and dynamic piece of the city, well known among locals and tourists alike because of its many lifestyle amenities. The region has gained notoriety for being one of Bangkok’s top nightlife areas of interest, with different bars and clubs grouped on Sukhumvit Soi 11, 4, and 8. From a private viewpoint, Nana offers a decent selection…
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SET-Listed Thai Developers Sought For Interest Rates Cut
Sena Development Plc and Sansiri Plc, two developers with SET listings, will speak with banking institutions in an effort to lower the interest rate on mortgage loans for purchasers of energy-efficient homes sale in Thailand, estimated between 0.5% and 1% in the first half of the year 2023. Sena Development’s managing director, Kessara Thanyalakpark, asserted that financial assistance in the…
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Low-Rise House Key Driver In Property Revenue Hits New Heights
The third-quarter presales and revenue of major SET-listed property developers reached a record high thanks to an economic resurgence fueled by tourists’ in the second half of this year. Key SET-listed developers in Thailand, such as Supalai Plc, Sansiri, Noble, and AP development revenues, hit new heights in the third quarter of 2022. The third quarter of 2022 saw Supalai…
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Top 10 nationalities buying condos in Thailand
Thailand’s Real Estate Information Centre (REIC) revealed the top 10 nationalities buying condos in Thailand in the first six months of 2022, with Chinese and Russian investors leading the way. In Thailand, foreigners are permitted to own 49% of the units in any condominium building. The remaining 51% must have Thai ownership. The Inspector-General of the Government Housing Bank and…
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Cabinet agrees to let foreigners buy land and houses in Thailand
A major decision was made today by Thailand’s Cabinet which will allow foreigners to buy houses and land in Thailand. The foreigner will be eligible to buy houses and land if they invest at least 40 million baht in Thailand and can maintain the investment over three years, according to Bangkok Biz News. The land purchased cannot be bigger than…
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Phuket real estate shifts tide in wake of urban flight
Urban flight and a continuous stream of incoming lifestyle residents to Phuket are dramatically shifting Southeast Asia’s leading resort real estate market landscape. The new island property mantra is dominated by surging demand for single-family homes and larger condominiums. Phuket has witnessed a sharp change from 2019 when over 9 million tourists sought a place in the sun, highlighted by…
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Survey names Lat Phrao as most desired district in Bangkok
A recent survey by Kaidee Property makes interesting reading for those interested in Bangkok’s real estate market. The online buying and selling platform revealed that during the first six months of this year Lat Phrao district was the most searched residential area in the capital, followed by Chatuchak, Bang Khae, Suan Luang, and Lat Krabang. Turns out these five areas…
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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…
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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…
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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…
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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…
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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…
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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),…
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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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Pandemic causes surge in demand for larger living space
Property buyers in Thailand are becoming more interested in spacious homes. The surge in interest particularly started in the early days of the pandemic. During those days, buyers were on the hunt for properties that would allow them to live comfortably while providing more space for their families to work and study from home. According to CBRE’s report that came…
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Experienced developer goes bigger and better
Urban dwellers are now looking to escape to spacious villas offering unparalleled luxury as global tourism slowly comes to life and Thailand’s border gradually opens up. Phuket, an island home to Thailand’s most luxurious and beautiful villas, captures many eyeballs. Let’s talk about one of Phuket’s most experienced developers, Trichada’s new project- Trichada Breeze. Just three weeks into the soft…
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Top 10 Best Ways To Avoid Condo Hotel Property Rip-Offs
One recent topic of discussion in Thailand’s real estate circles has been about how possible defaults in the condo hotel or investment sector can have a negative impact on the industry. Based on my own two decades of experience with C9 Hotelworks in branded residences in Thailand and throughout Asia Pacific, I thought it might be helpful to give some…
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3D walkthrough to these breathtaking villas in Koh Samui
The best way to get a feel of your dream villas in Koh Samui is to pay a visit and explore them in person, but that’s not always possible. Thanks to technology, now you can take 3D walkthrough to take a look around your dream vacation home without leaving the comforts of your living room! Below, we’ve listed 3D walkthrough…
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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…
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Rental demand soars, as Phuket real estate returns to fundamentals
Urban flight has driven Phuket’s once investment-focused property market in an entirely new direction. This seismic shift has resulted in a dramatic return to real estate basics. Focusing on the pandemic era of the past two years, a constant flow of new incoming residents from both abroad and Bangkok has seen the scales tip, as rental demand has vastly exceeded…
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Bangkok real estate developer confidence dipped in Q1 due to supply chain woes
Thailand’s home developer sentiment index was 47 in the first quarter of 2022, compared to 52 in the fourth quarter of 2021. The reason for the dip in confidence? Russia’s war in Ukraine, of course. The ongoing conflict has significantly influenced the cost of petrol and numerous construction supplies, notably steel, which has seen a 35% increase in price since…
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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…
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The Standard to debut second Thailand hotel in May
The Standard is a decorative American hotel company recognized for its creative approach to hospitality. The company will debut its newest Thailand hotel at Mahanakhon in Bangkok on May 11. It will be the brand’s flagship hotel in Asia, with 155 rooms and a variety of international cuisine. Booking began last month. The brand’s shiny new centrepeice will be located…
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