Property development in Thailand looks bright next year: Special report

[tim armstrong]

For twenty years there has been an oversupply of property, with only a few smart and devious developers making money. Property prices of condos are vastly overpriced. I can't see that changing much, with or without the Chinese input.

[mike324]

developers are mainly betting on the AEC integration as the borders will be more lax and they expect more foreigners from neighboring countries to live in Thailand. I think people are still underestimating the number of buyers, there are a lot of high income folks in Thailand who are buying condos for everyone of their adolescent children, you can say its a trend. 1.) Its for investment 2.) kids nowadays are adapted to western lifestyles, they want to live away from home.

There is also a boom in kids in 20s-30s starting their own businesses and buying their own condos through mortgages. Not only that, there are some affordable condos for middle income folks who can finally own a decent living space also.