In the “land of smiles”, the real estate market is really attractive and the requirements to buy or rent an apartment or a condo are easier. Welcome to Thailand where more than 8,000 French and over 15,000 American expats have been attracted by the quality of life, the strong purchasing power and the amazing tropical climate.
A Jones Lang LaSalle Thailand (JLL) report says that a slew of high-end condominium projects will launch in Bangkok this year, bringing the total stock to 22,834. According to the company’s managing director Suphin Mechuchep, luxury condo developers are now more confident in both local and the world economies. Several projects postponed their launches last year due to political instability and a lack of confidence in economies
Thai listed developer Sansiri has revised its 2010 sales target up to THB25 billion (US$822 million) and increased its land purchase budget from THB7 billion (US$230.2 million) to THB10 billion (US$328.8 million) as it plans to jump into the low-priced housing market during the last quarter of the year.