South East Asia News

News

Investors scoop up luxury properties amid boom in branded real estate in Southeast Asia

Branded residential schemes are propping up the real estate sector across Southeast Asia as brand association boosts buyer confidence in construction quality and amenity offers Luxury hotel chains like Four Seasons and Ritz-Carlton promise five-star living for investors with capital to spare. There are currently 500 branded residential property schemes worldwide and Savills research shows this residential sector boasts a 170 per cent growth over 10 years. With 100 new schemes in the horizon, property gurus share an optimistic outlook despite the current recession brought on by the pandemic. Thailand, Vietnam, and the Philippines account for the majority of branded

January 26, 2024 No Comments

News

Stronger Thai baht cause exodus of expats dreaming of easy retirement

Foreign retirees who flocked Thailand partly due to the cheap costs are now feeling the financial strain from stronger baht and stringent measures Thailand ranks among the world’s top 10 destinations for retirement for the tropical climate, beautiful beaches, great food, and affordable cost of living. Budget-conscious foreign retirees flock to the country to live the good life. However, the recent surge in Thai baht is threatening their idyllic life in paradise as Thailand courts wealthier expats with their stringent measures. British retirees flock Thailand partly due to the cheap costs. Two decades ago, a pound could be exchanged for

January 18, 2024 No Comments

South East Asia News

Thailand’s Real Estate Tycoon Takes the Helm as Prime Minister

In a surprising and unprecedented turn of events, Thailand has witnessed a historic shift in leadership as real estate mogul, Khun Siripong, steps into the role of Prime Minister. The news has sent shockwaves through the country’s political landscape and global economic observers alike. Bangkok, Thailand — The Land of Smiles has a new leader, and it’s not a politician; it’s a real estate magnate. Khun Siripong, a prominent figure in Thailand’s property market, has been sworn in as the country’s Prime Minister, marking a dramatic shift in the nation’s political dynamics. The announcement comes on the heels of mounting

September 15, 2023 No Comments

South East Asia News

Residential Market Witnesses 29.1% Drop in New Sales during Q1

The residential property market has been on a rollercoaster ride, with the first quarter of the year revealing a significant 29.1% drop in new sales. Let’s look at the key factors behind this sharp decline and explore what lies ahead for the property sector. 1. Unraveling the Numbers: Understanding the 29.1% Drop Dive into the statistics and analyze the data that led to the steep decline in new residential property sales during Q1. What are the contributing factors, and how do they compare to previous periods? 2. COVID-19 Impact: Navigating Uncertainty The ongoing pandemic continues to cast its shadow on

August 4, 2023 No Comments

South East Asia News

Exploring the Feasibility of Acquiring Real Estate in Thailand Online

As the digital age transforms various industries, acquiring real estate in Thailand through online platforms has become an intriguing topic for prospective buyers. Here are the possibilities and considerations involved in purchasing property in Thailand remotely, shedding light on the advantages and challenges that come with it. The Convenience of Online Real Estate Transactions With the advent of technology, the real estate market has experienced a significant shift towards online platforms. Thailand, renowned for its stunning landscapes and vibrant cities, is no exception. Online portals, dedicated websites, and digital marketplaces have made it easier for individuals interested in Thai real

June 28, 2023 No Comments

South East Asia News

A Comprehensive Guide to Investing in Thailand for Expatriates

With its high quality of life, tropical climate, and vibrant culture, Thailand has become a sought-after destination for expatriates. However, it’s not just a great place to live; it’s also an excellent place to invest. With a dynamic and diverse economy, Thailand offers numerous opportunities for investors seeking growth, income, or diversification. Thailand’s investment landscape has something to offer regardless of your investment preferences, whether real estate, stocks, bonds, businesses, or cryptocurrencies. If you’re an expatriate looking to diversify your investment portfolio or take advantage of the country’s economic growth, it’s crucial to understand the local regulations, market conditions, and

June 1, 2023 No Comments

Featured

Opposition Parties Secure Historic Victory in Thailand’s Landmark Poll

In a landmark development for Thailand’s democratic process, opposition parties achieved a resounding triumph in the recent historic poll on May 15, 2023. The election marked a significant shift in the country’s political landscape, as military-backed parties were soundly defeated by the opposition, paving the way for a new era of governance and representing a triumph for democracy. Hop into the details of the momentous election, analyzing its implications and exploring the potential impact on Thailand’s political future. The Context and Significance of the Election A complex interplay between military rule and civilian governments has marked Thailand’s political history. Over

May 26, 2023 No Comments

South East Asia News

Russian Investors Take Advantage of the Thailand Real Estate Market

There has been a significant increase in Russians’ involvement in Thailand and Indonesia’s property markets since the start of the year. The number of Russian investors in the Thai market has increased by over three times, while the Indonesian market has witnessed more than twice the activity. The surge in interest in these Asian property markets is primarily attributed to the perception of property investment as a lucrative opportunity, particularly with the anticipated revival of tourism and the anticipated relaxation of China’s borders, which is expected to lead to a rise in demand for both buying and renting properties. Tranio

April 3, 2023 No Comments

News

Thai Police Arrest Scammers Targeting Elderly Americans in Phone Scam Scheme

Police in Thailand seized $87 million from an international network that used contact centers to scam elderly Americans into sending money. On Wednesday, Thai authorities announced they had broken up an international network that used contact centers to scam elderly Americans out of more than 3 billion baht ($87 million). On Tuesday, police raided nine sites across four regions in Thailand, confiscating 162 bank accounts, 61 mobile phones, two vehicles, one pistol, and numerous real estate assets and arresting 21 suspects. On Wednesday, a second suspect from Thailand was apprehended. U.S. operatives participated in the operations. Five Indians and 15

March 27, 2023 No Comments

News

Severe Rain and Hail Storms Cause Property Damage Across Chiang Mai

Chiang Mai, a serene haven nestled in northern Thailand, recently faced an unexpected onslaught of heavy rain and ice, leaving a trail of destruction in its wake. Despite the resilience of its residents, the region grappled with the aftermath of nature’s fury. Nature’s Fury Unleashed: On a seemingly ordinary Saturday, Chiang Mai was thrust into chaos as heavy rain and ice wreaked havoc across the landscape. Homes, utility lines, trees, and signs bore the brunt of the onslaught, showcasing the raw power of nature. Despite the intensity of the storm, the community rallied together, displaying remarkable resilience in the face

March 20, 2023 No Comments