economy

Bangkok office rents drop for the first time in 10 years

Colliers predicts fall in 2020 Bangkok office rents for the first time in 10 years

Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy. Phattarachai Taweewong, associate director of research and communication at Colliers International Thailand, said the Bangkok office market has grown consistently since 2010. "This year will be the first contraction in the sector...

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 on the general economic slowdown and the Land and Buildings Tax that takes effect early...

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. (adsbygoogle = window.adsbygoogle || ).push({}); 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...

The Growth of Chinese Demand in the Thai Real Estate Market

China is playing a growing role in Thailand’s property market

China is playing a growing role in Thailand’s economy and property market, according to CBRE, a leading international property consultant. A total of 10.5 million Chinese tourists visited Thailand last year, accounting for 30% of total arrivals. This number has grown by 1,175% over the last ten years. (adsbygoogle = window.adsbygoogle || ).push({}); Chinese nationals now comprise...

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