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US Developers Marketing Property to Mainland Chinese

Category: Real estate, Posted:25 Apr 2009 | 15:51 pm

A Beijing property exhibition has attracted 76 US property developers looking to move product despite the economic downturn and severely depressed domestic housing market. With more then 7000 prospective clients, over 500 of them signed reservations for units. The Chinese buyers said their primary motivation was for investment and also possible migration to the US at some later date.
One attractive aspect of the market is that financing in many cases is still available for international buyers. Unlike Thailand where limited leveraging is available and foreign ownership of units restricted to freehold condos or leasehold units. As more markets start to turn their eyes abroad to attract property players, the playing field is becoming more and more crowded and competitive. It remains unknown how the present Thai government is going to react to continued depression of the real estate sector but given declining domestic demand, the country needs to recognize the importance of foreign investment.

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Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
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Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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