A CLEAR shift has emerged in the Bangkok property market with residents increasingly opting for second-hand housing as reflected in a 1.5-fold increase in this segment’s transfer value, from 27% in 2020 to 38% in 2025, PPTVHD36 said today (Feb. 25). Research by Krungthai Compass shows that there are three key factors driving second-hand
Tag: property
99-year land lease to foreigners, digital wallet scheme will harm the country: Jatuporn
A FORMER MP/Red Shirt leader Jatuporn Prompan warned that allowing foreigners to lease land for 99 years because they have so requested would only benefit real estate companies that are unable to sell 1.3 million condo units, TV Channel 7 said today (July 12). Prime Minister Srettha Thavisin recently moved to relax property regulations
Read morePM defends easing property regulations for foreign buyers
PRIME Minister Srettha Thavisin today (June 23) defended relaxing regulations to allow foreigners buy up to 75% of condominium unit space and increase property lease to 99 years pointing out this is prevalent in other countries too with there being no impact on the country, Thai Rath newspaper said. Amid criticism that this move
Read moreGovt looking at letting foreigners buy up to 75% of condo unit space
THE INTERIOR Ministry is studying the easing of real estate laws to allow foreigners to buy up to 75% of total unit space in condominium buildings, up from 49% at present, in an effort to stimulate the economy, Naewna newspaper said this afternoon (June 21). Officials are also looking at extending property lease period
Read moreChinese buying trends still strongly boost residential market: Savills Thailand
By Nina Suebsukcharoen THE Thai residential market is still being strongly reinforced through Chinese buying trends that added quite significant value all of last year with Thai buying too remaining reasonably consistent in all sectors, Mr. Robert Collins, CEO of Savills Thailand said in an exclusive interview on Tuesday (Mar. 5). While Mainland Chinese
Read moreSrettha alleged of involvement in another property trading scam
By Thai Newsroom Reporters REAL ESTATE TYCOON-TURNED-Pheu Thai prime-ministerial candidate Srettha Thavisin was again today (Aug.15) doubted he would ever run the country on basis of honesty and good governance, given allegations of his previous involvement in a suspected scam over a mega-million-baht property dealing. In a press conference at a Bangkok hotel, political
Read moreProperty developer warns political deadlock affecting market
A THAI property developer warned that the political situation now appears to have reached a deadlock with this affecting the market particularly the budget condo segment where a large number of buyers are unable to get loans, Matichon newspaper said today (Aug. 10). Mr. Chanin Vanijwongse, CEO of the Habitat Group Co., Ltd., said
Read moreBriton files complaint after losing 15m baht in Koh Samui condo scam
A BRITISH businessman today (June 1) filed a complaint at the Central Investigation Bureau (CIB) after losing over 15 million baht in a condominium scam at Koh Samui, TV Channel 7 said. Mr. David Edward Chappelle (name translated as written in Thai), 70, was accompanied by Mr. Pattakorn Teepbunrat, a representative of Thailand Consumers
Read morePrivate sector ‘confident senators will back Pita for PM’
THE head of Thai Condominium Association Mr. Peerapong Jaroon-ek said today (May 21) the private sector is certain senators would definitely endorse Move Forward leader Pita Limjaroenrat for prime minister as they would not dare oppose voters who gave his party a huge victory with Pheu Thai Party coming second, Matichon newspaper said. Peerapong,
Read moreIndian, Chinese investors buying pubs, restaurants in Pattaya
WHILE many foreigners are investing in Chonburi province, Indian and Chinese investors have channelled the most funds in buying up businesses in Pattaya to cater to their countryfolk holidaying at this seaside tourist city, Matichon newspaper quoted business people in this province as saying today (Feb. 27). Indian investors bought up pubs and restaurants
Read moreRow erupts after 2 houses are built on wrong land plot
THE owner of a plot of land in Kanchanaburi province is perplexed how two houses could have been built there by mistake with the party at fault now keen on buying it and urging him to reduce the price, Sanook.com said this afternoon (Nov. 20). Mr. Pairat (surname withheld), 45, accompanied by his wife,
Read morePrivate sector: Extending foreign leasehold ownership a better option
THE head of a real estate association today (Nov. 4) said allowing foreigners to buy one rai of land under a new ministerial regulation still being vetted is unlikely to motivate them to do so because of difficult procedures and it would be better to extend their leasehold rights from 30 to 50 years,
Read moreBank explains seizing wrong house, holding talks today
GOVERNMENT Savings Bank last evening (Oct. 3) clarified the seizing of a wrong house in Pathum Thani on Sept.5 pointing out that it had apologised to the owners and had renovated it for resale prior to the mistake being discovered, Sanook.com said. The bank said it had purchased house number 99/44 located in a housing
Read moreBank mum on 2m baht claim for seizing the wrong house
AN UNNAMED bank has so far not paid any compensation to the owner of a house in Pathum Thani which they seized by error on Sept. 5 when their contractor removed all the belongings, locked the gate with a padlock and put a for sale sign on it, Sanook.com said today (Oct. 3). Mr.
Read moreFormer head of Krisda Mahanakorn property giant gets 860 years in jail
THE former top executive of Krisda Mahanakorn was sentenced to 860 years in jail by the Central Criminal Court for Corruption and Misconduct Cases today (August 19) on money laundering charges with five other defendants including his son also given lengthy jail terms, Matichon newspaper said. However as the maximum imprisonment is 20 years
Read moreRenowned real estate executive Nigel Cornick launches development partnership in Thailand
Property expert with THB45 billion track record in completed luxury condominium projects returns to help industry navigate new market challenges and opportunities ONE OF Thailand’s most renowned real estate personalities has established a new development partnership to guide developers and owners through market challenges and allow them to maximise the potential of their assets. Far East Consultants
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