Australians file fraud complaint over Phuket condominium project
Two Australian nationals lodged a formal complaint on September 3 at Kamala Police Station in Phuket, accusing Kata Beach Company, the developer behind The Peaks Residences, of fraud. The...
Thai Hotels Oppose Increased Foreign Ownership of Condos
The Thai Hotels Association (THA) has voiced strong opposition to the government's plan to permit foreign ownership of up to 75% in condominium units. The association argues that this...
Phuket Real Estate Market Surges Beyond Pre-COVID Levels
Phuket's real estate market is experiencing an unprecedented boom, surpassing pre-COVID levels, with a reported 500 active projects valued at 470 billion baht ($12.8 billion USD) in the first...
Sansiri Maintains Condo Strategy Amid Economic Slowdown
Sansiri, a SET-listed developer, will continue its condo business strategies to address slow economic growth, focusing on locations with strong demand across all pricing segments.
Ongart Suwannakul, senior vice-president for...
Residential Construction Permits Plunge Amid Weak Demand
Nationwide Residential Construction Slumps Amid Weak Demand in Early 2024
The residential construction area permitted across the nation in the first quarter of 2024 is projected to hit its lowest...
Calls for Increase in Foreign Condo Ownership Quotas
Amidst growing demand from foreign buyers, calls for an increase in foreign ownership quotas for condominiums have surfaced, particularly in key tourist destinations like Phuket and Pattaya. Brenton Mauriello,...
