News

Airbnb is illegal in Thailand – court declaration

People who rent out their rooms via Airbnb on a daily or weekly basis are acting illegally, according to a recent court ruling handed down to the Wan Vayla Condo in Hua Hin district of Prachuap Khiri Khan province. The court ruled that people renting out their rooms have not obtained a licence to run […]

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Thai Property Market Grow 5% – Strong First Quarter

THE property market is expected to expand at least 5 per cent this year, according to the consensus from the listed developers that have posted double-digit growth for the first quarter compared with the year-earlier period. Nine of the 11 developers that have announced their first-quarter results reported strong gains in net profit from the […]

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Thailand: property market reflects strengthening economy

The outlook for the Thai economy in 2018 appears positive, based on trends that we saw emerging in the second half of last year. Most property developers have announced investment plans that feature higher revenue targets compared with last year. Available information so far shows that listed developers plan to launch about 400 billion baht […]

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Hotel Investment in Thailand hit an all-time high in 2017

Hotel investment in Thailand hit an all-time high last year, totalling 17 billion baht, led by a number of marquee transactions. Despite high levels of investor interest, transaction volume in 2018 is unlikely to match last year as fewer investment-grade hotel assets are on the market this year, said property consultancy JLL. Data from JLL’s […]

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Thailand Safe and Unsafe Zones

For many people around the world, an extended vacation to Thailand is a dream come true. Many American expats have fared well with long trips to the country where they can enjoy traveling from one hot tourist spot to another. For some, just a little relaxation off the beaten path in a quiet province where […]

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The Bangkok Thonglor

Condominiums Will Continue to Dominate Bangkok Property Market in 2018

Drive past Sukhumvit-Asoke intersection and you may notice a new billboard has come up in the past few days advertising a special discount for buyers of a high-end condominium project on Sathon Road that until recently was being touted as having been 100% sold out. One would be forgiven if they thought that this was […]

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The Bangkok Thonglor

Thai Developers Confident On Revenue Growth

LISTED property developers Supalai Plc and Ananda Development plc have announced solid revenue expansion for last year, while SC Asset Corporation posted a decline in revenue growth. However, all three companies have expressed confidence that they will close out this year with double-digit revenue growth. Supalai reported total revenue of Bt25.78 billion and net profit […]

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Comprehensive Guide: Extending the current maximum land lease term in Thailand

A large number of foreigners work and live in Thailand. Many of them use lands on the lease. They are always concerned about the possible change in their position as a tenant, the end of the lease and the contract. Many building developers rent houses to individuals only on the continuation of the established period. […]

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Residential Research Report Bangkok 2017

Highlights The Bangkok condominium sector in 1H 2017 showed positive growth adversely to recent market concern about possible oversupply situation. Total number of new supply in 1H 2017 increased 39% to 30,493 units compared to 21,927 units in 1H 2016. On demand front, there were 27,275 condos sold in the first half of 2017, up […]

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Six Steps RE/MAX Uses to Qualify Phuket Developers and Projects

It’s not a secret that Thailand’s real estate market is far less regulated than most Western countries, and even some Asian regions. That is why it’s important for property investors to rely on a credible third party with global reputation and expertise in the Thai property marketplace. RE/MAX CondoDee has established and created PhuketLux with […]

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