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What’s It Like Renting a Property in Thailand?

What’s It Like Renting a Property in Thailand?

Since formal legislation for rental agreements is not clear-cut in Thailand, existing statutes tend to favor landlords more than tenants. While the contract serves as the binding documents, only the landlord has the privilege to define the terms of rental deposits or call the police to evict tenants. Terms & Conditions of Rental Agreements Prior […]

Bangkok land prices plateau, new tax on the way

Bangkok land prices plateau, new tax on the way

Land prices in the Thai capital are forecast to plateau, or even drop this year. This would be the first time in more than ten years that Bangkok’s land prices have levelled off. So what is causing the sudden surge in land becoming available? Property and real estate consultants say the changes can be blamed […]

Bangkok Rental Apartments Facing Change in Demand

Bangkok Rental Apartments Facing Change in Demand

As the number of Japanese expats in Thailand decreased to lower than 20% of the total expats for the first time in 2019 and dropped to 34,133 as of April 2019, a 4% decline Y-o-Y, CBRE is seeing a change in demand and its impact on the rental apartment sector in Bangkok, despite a healthy […]

Government Savings Bank of Thailand Relaxes Reverse Mortgage Loan Policy

Government Savings Bank of Thailand Relaxes Reverse Mortgage Loan Policy

The Government Savings Bank (GSB) will relax certain rules on its reverse mortgage loan, aiming to widen the access for senior people to the service, GSB president Chatchai Payuhanaveechai said. Growth has been slow for the loan programme, amounting to Bt400 million and Bt500 million since its launch early this year. Chatchai attributed the main […]

High demand for luxury villas in beach destinations in Thailand

High demand for luxury villas in beach destinations in Thailand

Business owners in Thailand are demanding for more supply of luxury villas in the country’s prime beach destinations. Making the most out of lower interest rates, demand for beachfront property remains strong in the face of conflicting economic sentiments. Popular Demand for Beachfront Properties Prapavadee Sophonpanich, founder and CEO of Ideas 1606 Co, a luxury […]

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply continued to rise in Bangkok

Newly launched condo supply in the second quarter continued to rise in Bangkok, with most launches in June after the political situation became clearer, says property consultant Colliers International Thailand. Despite many negative factors, developers still launched new condo supply in Bangkok in the second quarter, said Phattarachai Taweewong, Colliers’ associate director. “Developers need to […]

How Blockchain Could Change the Real Estate Investment Landscape

How Blockchain Could Change the Real Estate Investment Landscape

An increasing number of countries have begun the process of implementing functional and legal frameworks to regulate blockchain-recorded tokens over the past several months, which has led to increasing exploration of these technologies across many investment sectors. Further, the use of distributed ledger technology (DLT) is a powerful disruptor at the transactional level, where significant […]