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Thailand Sees Slight Rise in Foreign Condo Transfers Despite Value Drop
File photo for reference only Condo transfers to foreign buyers in Thailand saw a modest increase of 0.86% over the past year, though the total transaction value dipped by 6.8%. This trend reflects ongoing concerns about the global economy, particularly as US tariff policies add further pressure. The Real Estate Information Center (REIC) has noted steady foreign interest in Thai condominiums, even amidst economic uncertainties sparked by tariff hikes. However, the purchasing power of buyers from key markets, like China and Russia, faced challenges. China, the largest group of foreign buyers, transferred 5,670 condo units in 2024, representing 38.9% of the total units and valued at 26.6 billion baht. This is a decline from the previous year's 6,614 units worth 34.1 billion baht. Myanmar buyers ascended to second place by acquiring 1,388 units, overtaking Russian buyers, whose purchasing power has weakened. Russians fell to third in unit count and fourth in value, as political and economic challenges continue to affect their buying capacity. In 2024, foreigners acquired 14,573 condo units across Thailand. While this reflects a slight increase, the value share decreased compared to 2023, representing 23% of the total. Bangkok reclaimed the top spot for foreign condo transfers at 39%, overtaking Chon Buri, which stood at 35.1%. Both Phuket and Chiang Mai also shifted rankings, with Samut Prakan solidifying its fifth place. The average size and value of condo units purchased by foreigners were notable, with units averaging 44.1 square metres and valued at approximately 4.7 million baht each. Indian buyers topped the list for the highest average price and size, with units costing 5.9 million baht and measuring 71.6 square metres on average. Looking ahead, the REIC anticipates that condo transfers to foreign buyers may remain flat or rise slightly, with steady interest expected from Chinese, Myanmar, Russian, and Taiwanese buyers. Despite the economic headwinds, Thailand's real estate market remains an attractive option for international investors seeking property in the region. Adapted by ASEAN Now from Bangkok Post -- 2025-04-22 -
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Report Thailand Declines US Loan Deal for F-16 Jets Over Tough Terms
It makes sense to rely less on the U.S. for military equipment and perhaps turn to other competent, less expensive, sources. Better still, improve maintenance on what you have and spend the money on improving the economy at home. -
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White House Revamps COVID-19 Website to Promote Lab Leak Theory
Yep if only someone had told them to eat healthy foods get outside in the fresh air and exercise take some vitamin D, Zinc.... and most of all stop being afraid. The constant fear porn propagated by the "legacy media" was almost as bad as anything else... Well I must also mention the inappropriate medical protocols once admitted to a hospital and the refusal to even consider alternative medications as only a "vaccine" could solve the problem. -
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Opinion Russian Teacher to Thais: Drop ‘Farang’ if 'Ni Hao' Offends
Yep and I live in Baan Farang according to the locals. -
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THAILAND LIVE Thailand Live Tuesday 22 April 2025
New Cybercrime Law Targets Personal Data Misuse to Combat Cyber Threats Photo courtesy of Medium In a concerted effort to curb cybercrime, a new law has been introduced to tackle the misuse of personal data, marking a significant step forward in protecting digital privacy. Announced by the Personal Data Protection Committee (PDPC), the Royal Decree on Measures for the Prevention and Suppression of Cybercrime 2025 was officially published in the Royal Gazette, coming into effect on April 13. Full Story: https://aseannow.com/topic/1358466-new-cybercrime-law-targets-personal-data-misuse-to-combat-cyber-threats/ -
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In Britain Criticizing your child’s school can land you in jail, astonishing and disturbing
One small step for the UK . One giant leap for Mankind., Fingers crossed .
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