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West No Longer Best For Condos

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

Reading recent research by leading Thai listed developer Raimon Land on the state of the condominium market points to some significant changes in buyer demographics.
While Thai domestic buyers still add fuel to the fire as the broader market continues to soar in Bangkok, overseas composition has slid away from Western purchasers. The new face of foreign demand for now looks to have an Asian address and passport.
Raimon's findings on the resort market of Pattaya highlight trends toward emerging Indian and Chinese buyer and greater velocity on lower priced products under THB5 million located within interior areas. As seen widely across the country the small economical Mickey Mouse flats are seeing the greatest transaction activity.

Other News

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Trio Of Phuket Start-Ups As We Go Local

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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]