Thailand’s 2024 growth forecast maintained at 2.8 to 3.3%
The Thai business group has upheld its growth forecast for 2024, anticipating a GDP expansion of 2.8% to 3.3%. Thailand's economy is poised to maintain this projection, with the Joint Standing Committee on Commerce, Industry, [...]
Myanmar nationals snapping up properties in Bangkok, Chiang Mai and Phuket
Karlo Pobre, Colliers' Deputy Managing Director, highlighted insights from the Real Estate Information Centre (REIC) of the Government Housing Bank, revealing a strong interest among Myanmar buyers in real estate across Bangkok, Phuket, and Chiang [...]
Thailand’s GDP growth in 2023 comes in at 1.9% on the back of weak export figures
Official data released on Monday indicates that the Thai economy experienced a 1.9% expansion in 2023, marking a deceleration from the revised 2.5% growth observed in the preceding year. This downturn is attributed to lackluster [...]
[ANNOUNCEMENT] The Invest Bangkok Property WhatsApp Community
Dear all, We have started to use communities to disseminate messages. This will allow us to get announcements out to clients more efficiently. We need to harness the use of WhatsApp communities as our [...]
Bangkok condo prices continue to rise in 2023
The real estate landscape in Bangkok is witnessing a notable shift in condominium prices. Lower Sukhumvit has emerged as the focal point of a substantial surge in prices, contributing to the overall upward trajectory in [...]
Thailand achieves its foreign tourist target of 28 million for 2023
Thailand is poised to achieve its target of welcoming 28 million foreign tourists in 2023, with a notable increase in visitors from neighboring Malaysia compensating for a sluggish recovery in the Chinese market, which was [...]
Both China and Thailand permanently waive visas for each other’s citizens from March 2023
Thailand and China are set to establish a permanent visa waiver for each other's citizens starting in March, as announced by Thai Prime Minister Srettha Thavisin on Tuesday (Jan 2). As the second-largest economy [...]
A Foreign Buyer’s Guide to Condominium Purchases
When pursuing the acquisition of a condominium unit in Thailand, foreign buyers should adhere to the following constructive guidelines to facilitate a seamless transaction: Ownership Allocations Foreign ownership is capped at 49% of the [...]
Thailand’s Prime Minister has ambitious plan to attract Thai professionals back
Driven by a desire for his sons' return, PM Srettha aims to amplify the government's broader agenda for a prosperous Thailand. His appeal to his sons abroad serves as a heartfelt connection underlying a [...]
CLI partners Pruksa Holding in wellness real estate fund
CapitaLand Investment (CLI) and Pruksa Holding (PSH), Thailand's prominent real estate entity, have disclosed the inception and successful initial closure of the CapitaLand Wellness Fund (C-WELL), a pioneering real estate fund centered around wellness and [...]
Foreign demand for Thai property surges in the 1st half of 2023
In the first half of 2023, there was a remarkable surge in international demand for condominiums, offsetting a slowdown in local buyer activity. Foreign buyers, predominantly led by those from China, accounted for a substantial [...]
Thailand to accelerate construction of China-Thailand Railway
Thailand intends to accelerate the development of the China-Thailand railway, a significant project within the framework of the China-proposed Belt and Road Initiative (BRI), as announced by Thai Prime Minister Srettha Thavisin during a live discussion on Thailand's future in 2024.
The Emsphere to open in December 2023
The Mall Group Co is set to unveil The Emsphere on Sukhumvit Road in December 2023.
Developer sentiment index, while remaining positive, slips in 3rd quarter
In the third quarter, housing developers' sentiment for the next six months saw a decline, primarily driven by growing concerns about employment following the government's announcement of a minimum daily wage of 400 baht for [...]
A rising thai baht…
The US dollar saw a decline as the 10-year US Treasury yield dropped to 4.65% yesterday. Nevertheless, Poon Panitpiboon, a currency analyst at Krungthai Bank, has advised caution regarding the Thai Baht, indicating that it [...]
Central Pattana Plc (CPN) aims to complete B100billion worth of mega projects in Bangkok by 2027
Central Pattana Plc (CPN), a prominent player in the retail and real estate sector, best known for managing Central shopping centers, has revealed its ambitious strategy to embark on the development of five extensive mixed-use [...]
Thailand is now the 5th most popular property investment destination for Chinese investors
Chinese real estate investors who once dominated the market for luxury condos and apartments in Thailand are now scaling back their activity due to China's economic downturn and the real estate turmoil [...]
Thailand’s economic growth revised to 3.4%: World Bank
The World Bank has reduced its economic growth predictions for Thailand for both the current year and 2024 due to expectations of a decline in the country's exports caused by a decrease in [...]
Thailand’s visa-free travel begins for Chinese tourists
On Monday, Chinese tourists arriving in Bangkok were personally welcomed by the Thai prime minister as part of a new visa-free initiative aimed at revitalizing the country's crucial tourism sector. Prime Minister Srettha Thavisin, accompanied [...]
Thailand finally has a new Prime Minister
Srettha Thavisin from the populist Pheu Thai party has secured the parliament's approval to become Thailand's next prime minister. This marks the beginning of a new coalition government and an end to weeks of uncertainty [...]
Growth of 3.1% in Thailand’s economy as tourism picks up
In the April-June quarter, Thailand's economy expanded by around 3.1%, a rise from the previous quarter's growth of 2.7%. This upswing is attributed to the increased influx of foreign tourists, as predicted by a median [...]
The latest on the Ashton Asoke Condo saga
So if you have not already heard, on the 27th of July 2023, the Thai Supreme Administrative Court revoked the construction permit for Ashton Asoke. The already completed 6.481 billion baht project in Bangkok had [...]
Growth of property sector to be fueled by the return of foreign buyers
According to real estate appraisal and consultancy agencies, the growth in Thailand's property market during the second half of this year will be driven by foreign buyers, while domestic buyers have not fully regained their [...]
Thailand lifts mask wearing mandate with immediate effect
The Thai government has lifted its mask-wearing mandate with immediate effect. This is in line with the improving Covid-19 situation in the country as the country moves towards living with the virus. On Thursday 23rd [...]
China’s zero-Covid strategy affecting condominium transfers
The number of condominium transfers made by foreigners in the first quarter of 2022 continued to fall. The main reason for this is the draconian measures put in place by China to control the movement [...]