Foreigners Keen to Purchase Property in Thailand
Decrease in the prices of land and housing projects have encouraged many foreigners to invest in Thailand's property market, mainly condominiums.
Foreign investors are convinced that this is the best time to purchase a property in Thailand. A few foreigners have also shown a great interest in purchasing depressed assets, which are going for 20-30% below that of 2008.
Interest is also being revealed in undeveloped land for developing housing projects, because the land prices are down by 10-20% from 2008.
Chiwathai Hub Soon, is planning to launch a low-rise condominium project of value Bt350 million, the project is named “The Surawong”. The company is all set to purchase undeveloped land and capture existing housing projects of value almost Bt1 billion in 2009 and 2010.
Thailand's property market is looking quite fascinating to foreign investors, due to the fact that prices of land and housing project are quite lower than that of 2008.
Experts believe that US economy would start recovering in the final quarter of 2009, which would in turn encourage the recovery of Thailand's economy.
Thailand property market has always been a challenge for foreign investors. Now, when land and housing prices are quite cheaper than earlier they are ready to accept the challenge.
A property management company well known as Akando Co Ltd is planning to take over housing projects, which is in construction pipeline, however, its project owner is trying to sale the project, on Rama 9 of market value Bt2 billion in 2009.
The managing director of Akando Co Ltd said that the company wants to purchase or take over projects in Thailand property market when land and housing prices have decreased a lot and a few land owners and housing project owners are going through financial troubles. Till nearly all of them have decided to reduce price for sale.
Foreign investors are convinced that this is the best time to purchase a property in Thailand. A few foreigners have also shown a great interest in purchasing depressed assets, which are going for 20-30% below that of 2008.
Interest is also being revealed in undeveloped land for developing housing projects, because the land prices are down by 10-20% from 2008.
Chiwathai Hub Soon, is planning to launch a low-rise condominium project of value Bt350 million, the project is named “The Surawong”. The company is all set to purchase undeveloped land and capture existing housing projects of value almost Bt1 billion in 2009 and 2010.
Thailand's property market is looking quite fascinating to foreign investors, due to the fact that prices of land and housing project are quite lower than that of 2008.
Experts believe that US economy would start recovering in the final quarter of 2009, which would in turn encourage the recovery of Thailand's economy.
Thailand property market has always been a challenge for foreign investors. Now, when land and housing prices are quite cheaper than earlier they are ready to accept the challenge.
A property management company well known as Akando Co Ltd is planning to take over housing projects, which is in construction pipeline, however, its project owner is trying to sale the project, on Rama 9 of market value Bt2 billion in 2009.
The managing director of Akando Co Ltd said that the company wants to purchase or take over projects in Thailand property market when land and housing prices have decreased a lot and a few land owners and housing project owners are going through financial troubles. Till nearly all of them have decided to reduce price for sale.
Labels: Housing projects, low rise condominium project, Thailand property market
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