1 hour ago, KhunHeineken said:

Is this fake news?

 

https://www.nationthailand.com/business/property/40053949

 

"Thai Real Estate on the Brink of Collapse Amid Unprecedented Crisis"

 

"Thailand's property market is facing a "severe crisis" in 2025, with industry-wide home loan growth projected to turn negative for the first time in the country's history.
 

 

https://www.investasian.com/property-investment/thai-real-estate

 

"Some of our team members are living in, or are native to Thailand as well. With all that said, we’re not positive about the Thai real estate market’s future."

 

 

https://internationalinvestment.biz/en/real-estate/5705-thailand-cuts-property-transaction-taxes-how-authorities-are-supporting-the-real-estate-market-in-2025.html

 

"Thailand Cuts Property Transaction Taxes: How Authorities Are Supporting the Real Estate Market in 2025"

 

 

https://asianews.network/thai-property-sector-faces-crisis-as-debt-burden-soars

 

"Thailand’s property sector is teetering on the brink of collapse as soaring household debt and tightening credit conditions create a perfect storm threatening the industry’s survival, according to leading experts."

 

As can be seen in just these few links, all is not well in Thailand's property sector.  Clearly, you are talking property up on this forum as you try to cash out your position. 

 

Can you post links, not you opinion, to counter the information in the links I have posted?  Are they credible sources?  Are their stats correct?  Why does the information in these links differ so much from what you post indicating a healthy property market here? 

    I report on what I see for myself, and I do not rely on opinion pieces.  I did not bother to read your links but 'soaring household debt' and 'tightening credit conditions' are both more focused on Thai buyers, not foreigners, who, in many cases, pay cash for their property purchases and have foreign credit.   I do not need to 'talk up property' in order to 'cash out my position' as I sold the last Pattaya property I had on the market on July 4th--easy to remember as an American.  

21 hours ago, newnative said:

I report on what I see for myself,

What you "see" is nothing more than bar stool banter without any links to back up your claims. 

 

I have posted many links.  I have asked you, "Is it fake news?"  You conveniently decline to answer. 

 

21 hours ago, newnative said:

I did not bother to read your links but 'soaring household debt' and 'tightening credit conditions' are both more focused on Thai buyers, not foreigners, who, in many cases, pay cash for their property purchases and have foreign credit. 

So, if there are many distressed Thai sellers, does that not have an effect on market forces, being supply and demand?  Or, are you relying on the 51% to 49% foreign ownership laws to keep the prices higher for foreigners?  If so, that's a very long bow to draw. 

 

21 hours ago, newnative said:

 I do not need to 'talk up property' in order to 'cash out my position' as I sold the last Pattaya property I had on the market on July 4th--easy to remember as an American.

You've been talking up property on this forum since a lot longer then the 4/7/25. 

2 hours ago, KhunHeineken said:

What you "see" is nothing more than bar stool banter without any links to back up your claims. 

 

I have posted many links.  I have asked you, "Is it fake news?"  You conveniently decline to answer. 

 

So, if there are many distressed Thai sellers, does that not have an effect on market forces, being supply and demand?  Or, are you relying on the 51% to 49% foreign ownership laws to keep the prices higher for foreigners?  If so, that's a very long bow to draw. 

 

You've been talking up property on this forum since a lot longer then the 4/7/25. 

    The links you post are utterly useless.   Is it fake news, you ask?  How do I know?   I couldn't care one way or the other anyway.  I rely on what I see and check myself, and my personal experiences.  I keep urging you to do the same--and, no, sitting on a bar stool bantering with someone who likely knows little is not going out and checking for yourself. 

     Yes, I've certainly been talking about property 'since a lot longer' than 4/7/25' but I believe it's only you that thinks I've been 'talking it up'.  Talking about and talking it up--two very diffferent things.   

     Feel free to post some examples of where I have urged readers to go buy a property in Thailand.  Feel free to post some examples where I have stated that if you buy a property in Thailand you're sure to make a lot of money for yourself.   Feel free to post some examples where I have urged readers to never, ever rent in Thailand.   

    I think what you'll find with my posts are tips on what has worked for me with buying and selling, stuff I have learned, sometimes the hard way, my take on things like condo fees, buying in foreign quota, what should be in a sales contract, staging and listing a property, real estate agents, commissions, and so on.  I've also said many times that I buy because I like to own the space I live in and I buy knowing that I might lose money--not sure how you make the leap to 'talking up' property from that but knock yourself out.  

    

    

On 7/13/2025 at 1:41 PM, flaming dragon said:

The French woman in Phuket who shot herself and left everything to her maid, only for the government to snatch it (due to the corporate structure) comes to mind. 

That was on Samui

On 9/2/2025 at 3:04 PM, newnative said:

The links you post are utterly useless. 

You only view them as useless because they don't fit your narrative because you buy and sell property here. 

 

Are these research houses wrong?  Is the Bangkok Post a credible source? 

 

https://www.bangkokpost.com/property/2990142/research-houses-ponder-potential-lost-decade

 

"The SCB Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, forecasts the Thai housing market will continue contracting across various segments this year,"

 

"In 2025, the total number of residential unit transfers nationwide is projected to reach 338,000 units, down 3% year-on-year."

 

What YOU claim to "see" is not the reality in the Thai housing market. 

40 minutes ago, KhunHeineken said:

You only view them as useless because they don't fit your narrative because you buy and sell property here. 

 

Are these research houses wrong?  Is the Bangkok Post a credible source? 

 

https://www.bangkokpost.com/property/2990142/research-houses-ponder-potential-lost-decade

 

"The SCB Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, forecasts the Thai housing market will continue contracting across various segments this year,"

 

"In 2025, the total number of residential unit transfers nationwide is projected to reach 338,000 units, down 3% year-on-year."

 

What YOU claim to "see" is not the reality in the Thai housing market. 

       I make observations of what I see in Pattaya.  Just observations, sometimes with my experiences thrown in.  I think someone wondered on a thread who was buying property in Pattaya and I posted who some of the buyers were at the last few housing projects I lived at.  That was my observation.  I also observed that all but 2 of the 28 homes had sold. 

     Someone else posted that agents are useless.  I responded with my observations, based on personal experiences working with a number of them.   Yet another poster said he was having trouble selling his property.  I posted my experiences and what I had observed that had worked for me when I was selling.  Readers can take my relayed observations and experiences or leave them, as can you.

     You seem to keep looking to me as some expert on Thailand property, and I am not, and have never claimed to be.  It does no good to send me links like the above to comment on regarding Bangkok property and Thai buyers and their finances.  Nor links to what may or may not happen in the future with Thailand property.  That's not my wheelhouse. 

     What I mostly relay, as I said, are observations on Pattaya, and my personal experiences with real estate in Pattaya.   I'll go visit a new project and observe.  Sometimes I'll check a sales chart in the sales office, sometimes spouse and I will just drive around a new project observing which homes are lived in.  Sometimes we just drive around looking at new projects being built to get a feeling for the volumn being built in various areas, and the variety.  

    Nothing scientific, just observations.   We've been in Pattaya 15 years but only just recently got around to touring Rugby School.  Quite impressive, including the housing built around it in the Wisdom project.  There's always more to see and I'm sure we are still missing quite a lot of it. 

     Sometimes we will tour model homes to keep current on what is being built and how much new homes are costing.  Recently, we went to a large, new Pattaya house project on the Darkside by a name developer.   We toured several of the model homes.  I think we were both surprised that the largest 4-bedroom model, costing, if I remember correctly, around 12MB and up, was mostly just a shell inside. 

    It seemed a bit pricey to us since it came with so little--no finished kitchen or bedroom built-ins, no furniture, appliances, private swimming pool, electronics, drapes, air cons, ceiling fans, rugs, etc.  You'd likely spend at least 1MB--or more--finishing it. 

     A few weeks later we visited another new, smaller housing project, also on the Darkside.  Also a 4-bedroom model, this house came with all the above items I mentioned, and a lot more.  It was move-in ready, for less than 10MB.   Nice house in a nice area and just a short distance to popular Lake Mabprachan.  The first large project had front gate security guards and a community pool and gym.  The second, smaller project did not--but the house had a private pool and room for a small home gym.   Some things you would weigh when comparing the two projects, along with others.  And, just my observation.

One poster seems to have Chronic & Compulsive "newnative Disorder Syndrome" (NDS).  

It made that posters negative comments & unwarranted accusations interesting for a while. 

But only until the Chronic Compulsive repetition became boringly obvious.