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Luxury condos change the face of Sathorn in Bangkok

Luxury condos change the face of Sathorn in Bangkok

Since 2009, the section of Sathorn Road from Sathorn junction to Taksin bridge has undergone a transformation from a strip of merchant shophouses to a luxury residential area boasting condominiums with over 8,000 units, according to a recent Nation survey. “I was born in and have stayed at Soi Suan Phlu for 48 years, I […]

Residents of Condo want action as foreigners flaunt rules on daily rentals

Residents of Condo want action as foreigners flaunt rules on daily rentals

The ongoing issue of condos and rooms being rented out as daily and weekly rentals, illegally, is making headlines again. A group of tenants went to the media complaining that they discovered owners of apartment rooms in their ‘luxury condo’ on Rama IV were contravening condominium rules and sub-letting their rooms. A sting was set […]

US-China Trade War Gives Thailand’s Industrial Property Market a Boost

US-China Trade War Gives Thailand’s Industrial Property Market a Boost

Thailand’s industrial property sector stands to benefit from the trade war between the United States and China. Meanwhile, manufacturers from mainland China relocate their production to Southeast Asia and subsequently avoid increasing tariffs. According to the Bank of Thailand, 2018 Chinese foreign direct investment (FDI) into Thailand’s industrial property sector grew 31.7 per cent (approximately […]

Russian tourism is expanding the real estate sector in Phuket

Russian tourism is expanding the real estate sector in Phuket

Russians visit Thailand frequently and mostly stay in Pattaya and Phuket. Indeed, Russian buyers ‘ demand for real estate in Phuket continues to grow over the years. In a recently released report from the Phuket Russian Tourism Market report, over 51 per cent of Russian tourists enter Thailand just to visit Phuket. Russia’s contribution to […]

Bangkok City Plan to be Revised Before its Implementation in 2020

Bangkok City Plan to be Revised Before its Implementation in 2020

The up and coming Bangkok city plan which will be set into motion in 2020 will change the atmosphere of Bangkok yet again Real estate developers are becoming more aware of the possible changes. In fact, some have held their land purchasing and new development plans in check until there are clear details. The City […]

Asean launches $1-billion initiative for green projects

Asean launches $1-billion initiative for green projects

Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched a new $1 billion (Bt32 billion) initiative to spur green infrastructure investments across Southeast Asia. The launch ceremony was witnessed by Thailand’s Minister of Finance Apisak Tantivorawong and ADB President Takehiko Nakao. Senior officials from the Association of Southeast Asian Nations […]

Japanese hotels are investing more in Thailand

Japanese hotels are investing more in Thailand

Japanese hotels are investing more in Thailand to meet rising demand for high-end accommodation, vying for market share with such global players as Marriott of the United States and Accor of France. Okura Nikko Hotel Management Co plans to set up a third hotel in 2021 after opening its 22-story, 301-room Hotel Nikko Bangkok in […]