|
 |
Thailand - May 2008
Experts favour Asian real estate
Thailand Property Report
According to a research report released during the
Colliers International Asian Valuation and Advisory
Conference, held in Bangkok on 11 April 2008, Thailand,
China and India were singled out as the three most
profitable Asian countries for foreign property investors.
International property consultant Colliers International
Thailand, who hosted the conference and prepared the
report, said that property valuations in the three
countries were likely to provide strong returns even in
spite of the fact that real estate valuations had already
risen 10 to 20 percent so far during 2008. Hotels and
resorts, serviced apartments, office buildings and retail
space were all expected to perform well.
The company said that with current market trends, the
Kingdom could see more than a doubling of property
investments in 2008, taking the total to Bt70bn, from
Bt30bn last year. According to Patima Jeerapaet, Colliers’
managing director for Thailand, resort developments at
locations like Phuket, Koh Samui, Hua Hin and Pattaya have
attracted foreign investors. “Three or four of our
customers are negotiating to set up joint ventures with
local partners, with both listed and unlisted property
developers,” Patima said.
In the first quarter of 2008, Mitr Phol Group and Japanese
based, Asian Partnership Fund Group, invested Bt630m in a
joint venture to build Koh Phi Phi’s Zeavola Hotel.
Regional director at Colliers International (Hong Kong),
David Faulkner, noted that Hong Kong, Vietnam and the
Philippines had already seen property prices rise by
between 25 and 40 percent this year, with the Singapore
market being particularly strong, posting rises of up to
50 per cent. As well as the strong market outlook for
China, Thailand and Vietnam, Faulkner expected property
prices in Indonesia, Taiwan, South Korea and Pakistan to
also rise by 10 to 20 per cent this year CB Richard Ellis
pointed out that the property market in the Asia Pacific
region was outperforming most Western markets. Separately,
head of research for Asia-Pacific at Jones Lang LaSalle,
Jane Murray, said that Thailand was expected by
international investors to outperform the region.
|
|
Return to our latest headlines by clicking
here
Access our archive of previous monthly bulletins by clicking
here
Bookmark this website as we constantly
update you with market analysis from the region and
the widest choice of quality real estate listings. To
receive our regular monthly newsletter, subscribe
here. |
|
|
|
