Showing 1 - 10 of 22
Foreigners lead the way in condo market
Business, Kanana Katharangsiporn, Published on 14/05/2024
» Foreign buyers dominated the condo market in the first quarter of 2024, with new launches focused on major tourist destinations, amounting to a combined investment value of more than 56.6 billion baht.
Developers want foreign quotas to be hiked
Kanana Katharangsiporn, Published on 17/04/2024
» Foreign ownership quotas for condos should be increased in certain areas to stimulate the economy as increasing demand from foreign buyers last year is expected to continue this year.
Russians control residential leasehold segment in Phuket
Business, Kanana Katharangsiporn, Published on 15/03/2024
» The value of residential units in Phuket leased long-term by the top 10 foreign nationalities almost tripled to 12.8 billion baht in 2023, mainly driven by Russian buyers fleeing the conflict in Europe as the foreign quota for condos was filled in many areas of the island.
Overwhelmed by success
Published on 11/03/2024
» Phuket has been in the limelight the past six months after the government announced a plan to elevate Thailand to an aviation hub, with Phuket the key gateway in the South.
Foreigners drive condo market
Kanana Katharangsiporn, Published on 18/12/2023
» Condos are still in demand among foreign buyers targeting investment or second homes, as the market has ample room with foreign ownership remaining below the legal limit of 49%.
Chinese, Russians among top condo buyers
Bloomberg News, Published on 15/12/2023
» Chinese and Russians have topped the list of foreign buyers of condominiums in Thailand this year, with sales surging in tourist hotspots like Bangkok, Pattaya and Phuket.
Russians spur Phuket luxury villa market
Business, Kanana Katharangsiporn, Published on 04/10/2023
» Increasing demand for luxury villas in Phuket from Russian buyers is driving new supply in the market to reach a record high this year, which could result in a glut.
Foreign demand continues to surge in H1
Business, Kanana Katharangsiporn, Published on 19/09/2023
» While the number of local buyers in the condo market has slowed, foreign demand continued to surge, accounting for 24.6% of the total transfer value nationwide in the first half of 2023, up from 20.5% last year, led by Chinese buyers.
Partners co-develop Phuket villa project
Kanana Katharangsiporn, Published on 18/09/2023
» Amid a foreign purchasing boom led by Russians, MontAzure has partnered with local developer Botanica Luxury Phuket to develop villas priced 49-170 million baht on Kamala Beach targeting overseas buyers.
CPN keen on Phuket condos
Kanana Katharangsiporn, Published on 11/09/2023
» SET-listed Central Pattana (CPN) plans to launch two new phases of Phyll Phuket, a condo project near Central Phuket Floresta, with 700 units worth a combined 3 billion baht next year as condo demand in Phuket remains robust, driven by the tourism sector.