TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Strong Baht Surge Damaging To Property

Category: Real estate, Posted:04 Oct 2010 | 06:00 am

As the Thai baht continues its steroid appreciation Kasikornbank's Head of Financial Markets has been quoted in the press as saying the USD Rate could hit $29.5 in 2011.
This is fresh on the heels of the current breaching into the THB30 level which is the strongest the currency has been in 13 years.
For Phuket which has high exposure to both the tourism and property markets there is a resulting link also to a large expat retirement market.
Many of these who are not US nationals have USD savings, investments or recurring pension payment.
For any of these high inflation and weakening spending power create a negative which could impinge on new arrivals looking to stay and buy real estate.
While trends are impossible to forecast with certainty, all across Asia, regional currencies which were slammed in 1997 including Singapore, Philippines, Malaysia and of course Thailand could see a return back to the heyday of 15 years ago.
At this point from a layperson's view could a USD25 point be possible; most would not rule out the idea.

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]