Tag Archives: Housing

Market News

How important with Chinese investment on Thai property in 2023

Posted on by admin_silvia
28
Mar

Due to the return of Russian and Chinese buyers, driving prices up by 15-20% in some Thai properties.

“The Phuket property market is experiencing a surge in demand, fuelled by Chinese property investors and Russian buyers.” – Nattha Kahapana, the Managing Director of Knight Frank Thailand.

The key reasons for Chinese investment in the following segments of the Thai property market:

1. Condominiums:
Condos in Thailand are popular among Chinese investors due to their relatively low cost and promising rental yields. In cities like Bangkok and Phuket, the demand for rental properties has been on the rise, driven by an influx of tourists and expats.

2. Hospitality sectors:
With the growth of tourism in 2023, it develops hotels, resorts, and serviced apartments rapidly, increasing the tourism economy.

3. Luxury properties:
The number of high-net-worth individuals in China has increased, and there has been a growing demand for luxury residences in Thailand, especially in Bangkok and Phuket. This affects them to choose upscale properties in prime locations, such as penthouses and villas in exclusive developments. Thailand Condominiums with foreigners quotas.

The Thai economy expanded 2.6% in 2022, undershooting expectations that were already modest as a strong recovery in tourism

The influx of Chinese investment in Thailand’s property market may create:

1. Economic growth:
The increased investment in real estate can drive economic growth in Thailand, create job opportunities, boost local business, and especially in the construction and tourism sectors.

2. Sustainability impact:
More developers have made a conscious effort to design the project with the environment in mind to fulfill the market needs. Some projects may be constructed with eco-friendly materials, and the developers have implemented energy-efficient technologies to reduce the community’s carbon footprint.

The growing interest of Chinese investors in Thai property has make significant effects on the economy and real estate landscape in 2023.

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Market News

Vietnam Real Estate Market Expected to Rocket

Posted on by admin_silvia
11
Jan

After the epidemic, Vietnam’s economy has recovered strongly, and property prices are expected to rise even more sharply than in 2022.

 

Vietnam’s gross domestic product (GDP) growth in 2022 can reach up to 8%, surpassing the target of 6.5%, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.

Housing prices in Vietnam continued to rise in 2022 as low mortgage rates are one of the factors that boost housing demand. People typically look to buy a house for living or as an investment.

Assessing the real estate market in 2022, the director of a real estate business in Ho Chi Minh City, who declined to be named, said it became warmer in November and December after the government stabilized the macroeconomic situation. Particularly in the last month of the year, with the State Bank’s decision to raise the credit growth cap for banks by 1.5-2 percentage points, customers began to pay attention to real estate again.

“With the current lending interest rates of 11-12%, real estate or other investment channels will turn out bigger profit than bank deposits,” he said, noting that as property contributes greatly to the country’s GDP, if the market becomes frozen, it will certainly affect hundreds of other industries and the economy as a whole.

Becoming one of Apple’s main manufacturing hubs

Regarding market opportunities next year, he predicted that if the credit situation is positive, the segments of land plots worth below VND1.5 billion ($63,600) and apartments from VND2 billion ($84,800) will thrive. In particular, 2023 will be the year of segments that meet real demand.

Apple will begin producing some of its MacBook computers in Vietnam in 2023, according to a Nikkei Asia report Tuesday. The move reflects the tech giant’s push to expand its manufacturing beyond China, as it grapples with increased U.S.-China trade tensions and supply chain disruptions related to Covid lockdowns.

Besides, Nike, Adidas, Foxconn, Intel, Samsung, etc, have been expanding their presence in Vietnam, showing that the business and investment environment is still stable and has good growth potential.

51% of Nike Shoes are “Made in Vietnam”

Previously, CNBC quoted the financial report of Nike, a corporation specializing in sports products, saying that Vietnam’s shoe production for Nike will account for 51% of its global output, while this proportion is in China. dropped to 21%. In 2006, China made Nike shoes for 35% of its global production. Thus, Vietnam has officially surpassed China, becoming the main production base for this brand. Notably, even Indonesia has overtaken China as the market share of Nike shoe production in the country increased from 21% to 26% in the past 15 years.

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Market News

Thailand ranked Asia’s best place to retire. Housing ahead France and Ireland

Posted on by admin_silvia
09
Dec

According to the specialist overseas retirement magazine International Living, Thailand is Number 1 in Asia and 11th of all international destinations in the Annual Global Retirement Index (2022).

The Index is recognized as a comprehensive and in-depth survey of the best retirement destinations around the globe, It ranks countries according to the 10 categories of Housing, Benefits and Discounts, Visas and Residence, Fitting In/Entertain, Development, Climate, Healthcare, Governance, Opportunity, and Cost of Living. Topping the list is Panama, for its low cost of living and easy travel within the city. And Thailand scored an impressive average of 72.9, securing its position at number 1 among Asian while its score on Housing is even ahead of many western countries like France and Ireland. Unsurprisingly, many expats see it as their “second hometown”. And foreigners can buy property in Thailand too.

BangKok the most welcomed 

Apart from the impressive score on Housing, Thailand also wins a particularly high scores in the Visas and Residence (82), Fitting In/Entertain (81), Development (81), Healthcare (80), and Cost of Living (90) categories. The index also indicates BangKok, Chiang Mai and Hua Hin are the most welcomed retiring cities in Thailand.  

There are tremendous reasons for people calling it the dreamy second hometown. An estimated 70,000 retirees call Thailand home for its easy-going lifestyle and lower cost of living. People are attracted by the country’s diversity, from lush green mountains to sunny seaside locations, warm tropical climate, a renewable 12 months visa, good infrastructure and healthcare, and friendly locals. The rest of the listed Southeast Asian countries included  (in order) Cambodia, Malaysia, Bali, Sri Lanka and Vietnam. Other countries among the top list are Costa Rica, Mexico, Portugal, Ecuador, Colombia, France, etc.

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