South East Asia News

News

New JLL and Richmont Partnership Unlocks Lucrative UK Property Investment Opportunities for Thai Buyers

A new partnership between Jones Lang LaSalle’s (JLL) International Residential business and Richmont’s Co Ltd is opening fresh opportunities for Thai investors to venture into the UK property market. This collaboration promises a wide range of property types and price points in London and other global investment hubs, catering to both high-end buyers and those looking to diversify their portfolios with lower-price assets. James Puddle, head of International Residential for JLL in Southeast Asia, emphasized the significance of this agreement at a press conference. He highlighted that London remains an attractive market due to low global interest rates and a

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property News

Property News Asia: Surge in Southeast Asian Real Estate Investments as Global Demand Shifts

As global economic landscapes evolve, Southeast Asia has emerged as a key player in the real estate market, attracting significant attention from investors, homebuyers, and industry professionals. The region’s dynamic growth, coupled with shifting global demand, is fueling a surge in real estate investments across countries like Thailand, Vietnam, Indonesia, and the Philippines. This blog post will explore the driving factors behind this trend, highlight key investment hotspots, and provide predictions for the future of Southeast Asia’s property market. The Rise of Southeast Asia in Global Real Estate Over the past decade, Southeast Asia has transitioned from a relatively under-the-radar

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Featured

Thai transport department auctions license plates for 179 million baht

In a recent auction held by the Thai Transport Department, license plates fetched an impressive sum of 179 million baht. This remarkable event highlights the unique value attached to license plates in Thailand’s automotive culture. The auction, which saw fervent bidding from collectors and enthusiasts, underscores the significance of personalized license plates in the country. For many, owning a distinctive license plate is not just a matter of legality but also a symbol of status and prestige. Thailand’s license plate auctions have become increasingly popular in recent years, drawing attention from both local and international buyers. The allure of owning

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South East Asia News

Thailand meets its goal of 10 million international tourists

Thailand’s critical tourist sector, nearly ravaged by the Covid virus H1N1 pandemic, has recovered faster than predicted, with the country having already welcomed 10 million international visitors this year. To mark the accomplishment before the end of the year, the Thai government conducted celebrations all around the country on Saturday, including cultural acts at seven airports and two border crossings. Garlands and gift bags were distributed by officials, some of whom were dressed in colorful traditional Thai garb, to arriving visitors at airports and land crossings. Our faith in a clear sky following a storm is unshakeable. Prime Minister Prayuth

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South East Asia News

TAT Introduces Thailand’s Luxury Travel Package to Affluent South Korean Tourists

The Tourism Authority of Thailand (TAT) has released a luxury vacation package for wealthy South Koreans named “Amazing New Chapters: Discover Luxperience in Thailand.” The package includes round-trip business class airfare on Asiana Airlines and a five-night stay at the luxurious Siam Kempinski Hotel Bangkok for around 12,000 baht. The TAT’s marketing effort aims to attract high-spending visitors, those who plan to stay for an extended period, honeymooners, couples, millennials, and families to Thailand. Five-star hotels, premium rooftop bars, Michelin-starred restaurants, cruises, expensive vehicle rentals, private boats, and helicopter tours are part of the Discover Luxperience initiative, which is part

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South East Asia News

Thailand’s Mushroom-Shaped Airbnb You Must Experience

Leafy Green is a sustainable eco-retreat center in Chiang Mai, Thailand, that will make you feel like you’ve stepped into a scene from a contemporary “Alice in Wonderland.” Gie Anywhere, a digital nomad, claims that the outdoor paradise comprises five enormous clay fungus strongholds, two cottages dubbed the Peanut House and Snail Dome, the greenery room (an upstairs apartment), and a big inside meditation area appropriately named the Lotus Dome. The organic vegetable and herb garden is nestled against an alfresco kitchen, pizza oven, and barbeque. Also, a few cats live on the premises permanently. According to its listing on

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Investments

Thailand has abandoned plans to sell land to foreign buyers.

Opposition parties vehemently opposed the government’s proposal to allow foreigners to acquire land for housing in Thailand, labeling it as detrimental to the nation’s sovereignty. They argued that such a move would essentially amount to “selling out” the country’s valuable resources. Government spokesperson Anucha Burapachaisri announced during a recent cabinet meeting in Bangkok that the proposal was being withdrawn for further evaluation. He emphasized the government’s commitment to considering public sentiment and feedback on the matter before any decisions are finalized. Prime Minister Prayuth Chan-Ocha addressed reporters, clarifying that while the initiative is temporarily on hold, it is not entirely

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South East Asia News

Government supports land sales to foreigners.

The government has defended a law letting four categories of foreigners seek authorization to purchase up to 1 rai of land, provided they invest at least 40 million baht for at least three years. According to government spokesperson Anucha Buraphachaisri, the law is only an update to the ministerial rule that has existed since 2002. According to him, if the change is approved, it will apply to four categories of foreigners who hold Long-Term Resident (LTR) visas under a recently implemented program to promote foreign investment. He stated that the targets are high-net-worth individuals, wealthy retirees, work-from-Thailand professionals, and highly

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Featured

Phuket real estate fluctuates in response to urban flight

The real estate market in Phuket, Southeast Asia’s top resort destination, is seeing drastic changes due to urban flight and a steady influx of new lifestyle inhabitants. The rising demand for detached houses and more enormous condos has become the island real estate mantra. Since 2019, when over 9 million sun seekers visited Phuket, the island has seen a dramatic shift. Most of these visitors came from mainland China. At that time, condo developments catering to first-time investors sprung up around Phuket. Many carried hotel chains’ names and assured high rates of return. However, COVID-19 quickly put a damper on

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Australia News

Australian borrowers will highly experience mortgage stress due to high rates

How many Australians are now likely to have trouble with their mortgages? The sharp rise in mortgage rates over the past few months will force families to make complex changes to how they spend their money. What is mortgage stress? There is no official definition of mortgage stress, but it is when a family has trouble making home loan payments. People who spend more than 30% of their income on mortgage payments are often used as a measure. However, it doesn’t do an excellent job of expressing this idea. Situations are different for everyone. This is usually easy for households

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