Popular Post snoop1130 31125 Posted May 26 Popular Post Share Posted May 26 A surge in foreign interest in luxury property in Thailand has been observed since international tourists began returning in the latter half of 2022, according to property consultancy CBRE. Sales transactions through CBRE have risen by over 200%, indicating a clear trend. In response, developers are preparing to launch new luxury and super-luxury residential projects in 2023, with a focus on single houses. CBRE Thailand represents approximately 30 leading residential projects with a total project value surpassing 40 billion baht, stated Artitaya Kasemlawan, head of residential sales projects. Among these projects, 58% are luxury and super-luxury housing, 40% are luxury condominiums, and the remaining 2% are villa developments. The majority of projects slated for launch this year are single-house developments, which continue to be in high demand. Examples of such projects include Nirvana Collection Krungthep Kreetha, Arch Sukhumvit 39, Vi Ari, Hyde Park Garden, and Mayfield Pinklao. In 2022, foreign travellers returned to Thailand in significant numbers, with 11.2 million arrivals. Among the projects CBRE represents, 89% were purchased by Thai buyers and 11% by foreigners from 2022 to early 2023, said Artitaya. By Alex Morgan Caption: Photo via CBRE Full Story: https://thethaiger.com/news/business/foreign-buyers-fuel-200-surge-in-thai-luxury-property-sales -- © Copyright Thaiger 2023-05-26 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. 1 6 Link to post Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now