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 10 Best neighbourhoods for condo investments in Bangkok 2024
Deciding where to live in Bangkok can be both exciting and overwhelming. Each neighbourhood in this vibrant city has its own distinct charm, culture, and lifestyle tailored to different preferences. There's no one perfect area for everyone; it all depends...
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Inside the numbers: the potential of a Phuket property bubble
One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States in 2007. In other sectors,…
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Discover the pinnacle of beachfront luxury: Why InterContinental Residences Hua Hin is the ultimate investment
Known for its breathtaking blue ocean and serene atmosphere, Hua Hin’s allure dates back to the 1920s when the Royal Family chose it as their summer retreat. Today, it still retains its reputation as an elite playground. Thanks to its seamless blend of modern amenities with tranquil surroundings, it’s a top destination for investors and individuals seeking luxury living experiences.…
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Banyan Group and Urasaya Property launch Nakhon Si Thammarat’s first luxury residence
Nestled directly on Thailand’s Gulf Coast, Banyan Tree Residences Sichon represents a pioneering project by Banyan Group, the independent global hospitality company, in partnership with Urasaya Property Co., Ltd, a pioneering real estate developer. This venture not only promises a unique living experience but also marks a significant step in the expansion and diversification of luxury living options in Thailand.…
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Accor partners with Tytans Properties Development to unveil world’s largest Pullman in Cebu
Accor, one of the world’s leading hospitality groups, continues its rapid expansion in the Philippines with the signing of Pullman Mactan Cebu Hotel & Residences, which is set to become the world’s largest Pullman property. The signing of the beachfront destination represents a milestone for mixed-use lifestyle real estate in the Philippines, as a new generation of integrated resorts emerges…
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Siamese Stone just launched The Island Collection, a luxury residence project in Phuket
Siamese Stone, a joint venture of Siamese Asset PLC, Ritta Holding, Cornerstone, and Dynasty Development, has just launched their highly-anticipated “Island Collection” project on 21 December 2023. The exclusive project, consisting of 9 four-bedroom and five-bathroom private pool villas with a starting price of 69 million baht, marks a significant milestone in the luxury real estate landscape of Phuket. The…
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Scope Langsuan penthouse frenzy: Bangkok’s priciest pad finds a buyer in a flash
A penthouse at Scope Langsuan in Bangkok swiftly changed hands for 436 million baht (US$11.832 million) just one week after hitting the market, setting a new record as Thailand’s most expensive condominium. Scope Langsuan is a collaboration between Scope Company Limited and SC Asset Corporation Public Limited. The condominium is positioned as an ultra-luxury residence targeting an international premium group,…
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Pheu Thai candidate Srettha sues over tax evasion allegations from Chuwit
In a recent turn of events surrounding the Pheu Thai Party, Srettha Thavisin, the prime ministerial candidate, commanded his legal counsel to start a legal battle against the well-known whistleblower Chuwit Kamolvisit. This move comes in response to allegations raised by Chuwit that Srettha was complicit in tax evasion incidents related to land acquisitions by the property giant, Sansiri Plc.…
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Foreign investors target luxury Bangkok condos, India eyes Pattaya properties
Foreign buyers are showing renewed interest in luxury condominiums in Bangkok, with potential investors primarily coming from China, Myanmar and India. Yesterday, Capital One Real Estate and its representatives have reaffirmed that Thailand’s real estate market is showing positive signs as their portfolio value is on track to reach 50,000 million baht (US$1.42 billion). As a result, foreign market sales…
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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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Russian, Chinese investors drive Phuket property market
The Phuket property market is on fire now, with the help of Chinese and Russian investors. Chinese buyers are reportedly increasing their investments, buying up villas, shophouses, and even orchards, to cater to Chinese tourists. Russian property investors are also contributing to the surge in demand for villas and homes in Phuket. While Russians are interested in buying pool villas,…
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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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Best Pet-Friendly Condo To Buy In Pattaya
Pattaya is an enjoyable and bustling province of Chon Buri, Thailand, and is well-known for its lively beach town. The city provides plenty of new accommodations with its growing popularity among locals and expats to visit during your Christmas vacation in 2022. Today our guide is on for you to find pet-friendly condos with your furry friend, as moving to a…
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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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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…
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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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RGP adopts cost-saving tactics to sell condos for 1.2 million baht
Regent Green Power, a property developer known for inexpensive apartment units, is fighting back against the universal cost of living crisis to make prices more affordable for consumers. The Bangkok-based property business says it can build condominiums priced at or lower than 1.2 million baht, for about 25-30 square metres, in areas less than 500 metres from mass transportation. How…
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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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Is Phuket the island of scams?
With powdery white-sand beaches and sparkling blue ocean stretching as far as the eye can see, it’s easy to fall in love with Phuket. For many years, the island has been attracting holiday-goers seeking tropical gateways, as well as digital nomads, remote workers, and retirees looking for cost-efficient places of living. Hundreds of thousands of foreigners have settled and made…
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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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