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Ustanu Mahagitsiri, the heiress of the Mahagitsiri Orphanage, the 11th richest person in Thailand with a fortune of $2,300 billion, is active in the real estate market. In June 2022, Thoresen Thai Agencies or TTA was listed on the Thai Stock Exchange as a subsidiary. There is an obligation to invest together with a partner from Japan, Kanden...
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Thai developer Sansiri announces a partnership with a Hong Kong real estate agent. To search for large foreign buyers in Hong Kong. Since the beginning of 2023, the developer has been selling apartments in the luxury condominium FLOby Sansiri overlooking the river, with a total cost of 2.3 billion baht. Sansiri, Chief Executive Officer for...
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The state-owned bus operator Transport Co wants to turn part of its land holdings into additional income. The firm has announced that it hopes to lease two of the four plots it owns, and the company is expected to announce a bid in the next few months. The land provided includes a plot near the Fai Chai intersection on the Thonburi side of...
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In the Bangkok housing market, demand is almost equally divided between private homes and condominiums, although foreign buyers have not yet fully returned to the market. This means that developers should continue to focus on the domestic sales market. Last year, 96% of the demand for private homes and 83% of the demand for condominiums came from...
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Home buyers need to have more financial discipline and willingness before buying a home as house prices rise, interest rates are rising, while real estate benefits have not been extended for the new year 2023. House prices are expected to rise 5-10% this year in line with higher interest rates and increased construction costs. Costs are rising due...
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The Bang Phli-Bang Bo-Bang Sao Ton cluster in Samut Prakan was the hottest zone in Greater Bangkok in 2022, with land prices rising the most in the last two quarters of the year. There are also the newest low-rise buildings in the area. According to the Real Estate Information Center (REIC), the number of low-rise buildings commissioned in Bang...
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Housing prices are projected to rise 5-10% this year as the price index for standard housing construction continued to rise, increasing at an annualized rate of 5.6% in the fourth quarter of 2022 amid labor shortages. The price index for the construction of standard houses in the fourth quarter of 2022 was 131.9, which is 5.6% more than in the...
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Developer Noble Development plans to launch 10 new residential projects totaling 23.3 billion baht, with more than a quarter of this amount expected to be received from foreign buyers. The company expects to receive up to 6.5 billion baht, which is 28% of the target for this year, from foreign buyers. The Chinese consumer market is expected to...
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The price index for new detached houses in Samut Prakan, Nonthaburi and Pathumthani rose sharply in the fourth quarter of last year, reaching a record high after land prices in three provinces rose in the previous quarter. According to the Real Estate Information Center (REIC), the price index for new detached mansions for sale in these three...
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In 2022, Russians took 1st place among foreign nationals interested in purchasing real estate in Thailand. With this ranking, they shifted the leading position of Chinese residents. Russians choose the kingdom not only for tourism or permanent residence but also for investing in real estate. If you compare apartments in development projects in...
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