Real Estate & Other News in Thailand from Propertyshowrooms.com

New Thai property exhibition announced

Fri, 13 Apr 2012 00:00:00 GMT

An international property event called Thai +Overseas Property & Lifestyle is due to take place in Bangkok later this year.

The exhibition, which will run between November 9th and 11th, will offer Thai and international developers, as well as real estate agents from around the world, the opportunity to interact with one another and learn more about Thailand's property market.

Chief executive officer at Ensign Media - one of the event's media partners - Terry Blackburn commented: "We have seen huge growth and diversity in the Thailand real estate market since we launched eight years ago, so [we] are delighted to be supporting this event."

Meanwhile, organiser Mike Bridge is confident November is the right time to hold the exhibition, pointing to several large-scale developments that are due to come on to the market towards the end of this year.

Data published recently by the Thai Home Constructors Association revealed there is increasing demand for new homes throughout the country.

Reporting on the research, the Bangkok Post highlighted the north, north-east and south of Thailand as areas where more residential properties are needed.

Thai real estate 'still presents opportunities'

Wed, 7 Mar 2012 00:00:00 GMT

One of the biggest property investment companies in Asia has voiced its confidence in the Thai real estate market.

Pacific Star Group's country manager for Thailand Pritpal Singh told The Nation his firm remains optimistic about the future of the property sector.

"Despite the political uncertainty of the last few years, our view is that the Bangkok property market continues to offer attractive opportunities," he asserted.

Political stability is returning to the nation, while work to rebuild after the flooding last year continues.

Mr Singh added it is encouraging to see an increase in the number of tourists travelling to the country, noting that Thailand is "domestically resilient" and that rising activity in the tourism sector will have a knock-on effect for development in the hospitality industry.

Pacific Star Group has been involved in the construction and management of four properties in the Thai capital, the majority of which are residential schemes, with one building - Eight Thonglor Residences - also featuring retail and food outlets in a three-storey mall.

Protests have 'not impacted on Thai property market'

Wed, 11 Aug 2010 00:00:00 GMT

The protests which took place in Bangkok earlier this year have had little effect on the Thai real estate market, property investors will be interested to hear.

According to CB Richard Ellis, there has been little change in the property sector in recent months, and real estate developers are again marketing new projects, reports Property Community.

"There are limited investment choices in Thailand, the stock market is seen as being volatile, the fixed income market is very small and so money is being driven to the property market," said the firm's executive director James Pitchon.

"Interest rates are going to have to rise substantially before people decide that keeping money in the bank on deposit is better idea than investing in property."

Last month, Property Abroad suggested that Thailand's property market could benefit from the political turmoil, with the issues within the nation creating a low-cost environment which will appeal to savvy buyers and is likely to lead to some good yields.

US sees good post-Bush relations with Thailand

Mon, 10 Nov 2008 00:00:00 GMT

(BangkokPost.com) - United States Ambassador to Thailand Eric G. John said Monday he assured Commerce Minister Chaiya Sasomsab that good Thai-US relations would continue after president-elect Barack Obama takes office...

Powerful quake rattles north Japan

Thu, 11 Sep 2008 00:00:00 GMT

Tokyo (dpa) - An earthquake registering 7 on the Richter scale struck Thursday in northern Japan, prompting authorities to issue tsunami warnings that were later lifted...

Property developers move to small Thai islands to cope with privacy demand

Sun, 27 Jul 2008 00:00:00 GMT

Property development in Phuket is expanding to four small nearby islands because of the demand for privacy...

Surapong optimistic about better trade in South

Thu, 17 Jul 2008 00:00:00 GMT

(BangkokPost.com) - Finance Minister Surapong Suebwonglee said he believes southern border trading and tourism will improve after a group claiming to be leaders of southern insurgency announced a ceasefire.

Phuket property booming as fears of adverse effects of the tsunami and political coup subside

Sun, 6 Jul 2008 00:00:00 GMT

A booming tourism industry is helping one part of Thailand buck the downward trend in property prices...

Expat speaks of move to Thailand

Tue, 3 Jun 2008 00:00:00 GMT

A British expatriate has revealed his reasons for moving to Thailand and the impact this has had on his life.

Jay Walker moved from Essex to Phuket in 2007 after a friend encouraged him to get a job in the region.

Speaking to the Sun, he stated that despite spending most of his working life overseas, moving to south-east Asia was still a "huge culture shock".

He said this is because his experiences had been confined to western locations such as Europe.

Mr Walker added that he was surprised to see how modern Thailand is in terms of its amenities and facilities.

He commented: "Stupidly I thought it was less developed and less advanced with regards to infrastructure."

This comes after the Telegraph said Phuket is becoming increasingly popular with foreign property investors who are looking at the top-end of the market.

This area was immortalised in 1974's The Man With the Golden Gun, which starred Roger Moore in the lead role.

James Bond fans urged to buy in Thailand

Mon, 14 Apr 2008 00:00:00 GMT

Overseas property buyers may find locations used in James Bond films good markets to consider, according to a newspaper.

The Telegraph stated that many places which have been visited by the legendary British spy area now attracting lots of attention from second home buyers.

For example, areas such as Phuket in Thailand are becoming increasingly popular with investors who are looking at the top-end of the market.

This area was immortalised in 1974's The Man With the Golden Gun, which starred Roger Moore in the lead role.

In fact, one of the mountainous islands in Phuket has become so closely associated with the movie that it is now widely referred to as James Bond Island.

The Telegraph remarked. "Locations that were considered exotically remote while Bond was causing mayhem in them now read like a list of emerging overseas hotspots."

Thai property market 'bounces back'

Wed, 18 Jul 2007 00:00:00 GMT

After a financial crisis hit the region in July 1997, the property market in Thailand has bounced back in Bangkok, it is claimed.

Acording to Jones Lang LaSalle, the average price for a new condominium in the city is now 81,000 baht per sq m (£1,309), 55 per cent above the pre-crisis peak, of 52,000 baht per sq m, DPA reports.

The Bank of Thailand was forced to float the baht after July 2nd 1997 after unsuccessfully defending the currency against international speculators amid declining exports and rising current account deficit.

However, with recoveries also reported in the office and retail property markets, Jones Lang LaSalle managing director Suphin Mechuchep is "optimistic" that the market's recovery can be sustained.

"This is reflected by the relatively good balance between supply and demand growth in most property sectors and generally more subdued speculation in the market," he says.

With the Thai economy "going very well", overseas investment is likey to increase after the present political instability is resolved, property firm Capitaland senior vice president Bassakaran Nair told the Bankok Post.

'Expect Thailand to be back on even keel in near future'

Tue, 22 May 2007 00:00:00 GMT

Thailand could soon witness a "property turnaround", an expert in the field has said.

Despite the recent spate of terrorist incidents in Bangkok, Robert Collins, managing director of the property management firm Savills (Thailand) believes this is a global phenomenon and is not confined to Thailand.

Although Bangkok has seen a decline in sales, the market has managed to resist a serious drop in prices, while some premium sector prices are actually rising, reports the Bangkok Post.

''It doesn't really affect the need for housing. Population growth needs catering to,'' he told the newspaper.

''If anything, we foresee pent-up demand. As soon as Thailand is back on an even keel, a very significant volume of transactions will happen again.''

Mr Collins' view echoes that of Longlom Bunnag, from Jones Lange LaSalle, who said that overseas investors have remained focussed on Thailand despite political and economic uncertainties

According to the Thai News Agency, Mr Bunnag believes that the country's economic conditions will improve after the general election in December.

Tourism and Property Surge in Phuket

Mon, 22 Jan 2007 00:00:00 GMT

Exotic Thailand has long been Asia’s top tourist destination and maintains its world-class standards to capture an ever increasing international market. In particular, Phuket contines to welcome a huge influx of tourists. Arrivals in Phuket reached 4.7 million in 2006 which, in turn, produced tourism-related spending of US$1.7 billion, up 87% from 2005, according to research from the Kasikorn Bank’s Research Centre. Meanwhile, forecasts this year are for some 5.2 million tourist arrivals in Phuket, spending US$2 billion.

Thailand as a whole offers a world class tourist industry at affordable prices, making it a magnet for visitors, re-locators and property investors alike. In many key locations in Thailand such as Phuket, the local economy relies heavily on tourism. The booming tourist sector in Phuket keeps the property market strong, with many major institutional investors entering the market - all great news for today’s investors, particularly those purchasing involved with new luxury hotel chains, managed properties and related buy-to-let purchases.

Increased tourist numbers are being driven by the emergence of low-cost carriers serving Thailand. Tiger Airways now flies three times daily from Singapore. Jetstar Asia has started direct flights from Sydney and Dragonair recently resumed daily flights from Hong Kong. Direct flights from the Middle East are currently in final stages of negotiation and are also due to commence in the near future.

Shopping at its Best at King Power Complex, Bangkok

Mon, 27 Nov 2006 00:00:00 GMT

Due to open soon in 2007, the latest tourist attraction in Bangkok is the 150,000sqm King Power Complex. The centre is to rank amongst the top retail centres of the world and offers visitors a cutting edge shopping experience, including a duty free mall, along with a hotel, theatre and impressive Thai restaurant.

The state-of-the-art Thai design theatre at King Power Complex is an impressive 1,580m2 theatre that will accommodate an audience of some 1,000 people. The King Power Novotel is due to open in June next year and with 21 floors and 430 rooms plus every facility, including a glass sided pool and spa, it is due to fully complement the sheer magnitude and style of the entire Complex. In addition, the two-storey King Power Down Town Duty Free Mall offers a wide array of major brand names and top-quality Thai products. The beautiful Ramayana Thai Restaurant covers some 1,220sqm and has a seating capacity for 1,000 diners at a time.

The King Power Complex is located in the heart of the capital on the Sri Ayudhaya to Rangnam road and is well connected by shuttle services to the rest of the city. It will form part of a growing infrastructure that is set to serve an international public seeking the very best in 21st century luxury and style within a country where up-market tourism is fast becoming endemic. It is projects like these that reaffirm Thailand’s importance within the Asian economy, while many global investors and property purchasers continue to be impressed by this country’s ongoing potential.

Air Shuttle Service in Thailand

Thu, 27 Jul 2006 00:00:00 GMT

SGA (Siam General Aviation’s) newly-launched Bangkok to Hua Hin air shuttle service now offers visitors to Thailand the option of flying between their arrival airport at Bangkok and Hua Hin in only 40 minutes, reducing travel time within the country by two hours.

Hua Hin is currently one of Thailand’s hotspots in terms of tourism and property investment due to a well established tourist infrastructure, while the shuttle service will entice ever growing numbers of affluent international travelers to the area.

This shuttle echoes a general mood of improved tourist facilities in Thailand as a whole, while last year alone, in the aftermath of the Tsunami disaster, some 12 million tourists visited Thailand, boosting the tourist economy and greatly increasing investment potential in areas such as Phuket, Pattaya, Hua Hin and Koh Samui.

The Tourism Authority of Thailand (TAT) said, "This year the target is 13.8 million and 79.3 million domestic trips, which together should generate about US$20 billion [Bt756.7 billion]." This year Thailand is hosting the 55th annual meeting of the Pacific Asia Travel Association (PATA) which unites tourism ministers from eleven countries, to discuss travel trends in the Asia Pacific region.
In a recent report, the TAT governor states that Thailand's tourism sector has grown enormously and in the first quarter of this year, arrivals were up by 37 per cent in January, 30 per cent in February and 20 per cent in March.