More than THB100 million worth of sales were signed at the recent PropertyGuru Thailand Property Show, which took place in Singapore late last month. DDproperty.com is PropertyGuru’s market-leading property website in Thailand.
The event highlighted eight projects from Bangkok, Krabi and Pattaya from five Thailand property developers, and attracted more than 320 visitors who generated a combined THB1.11 billion worth of leads for the exhibitors.
The healthy response to Thailand property investments from Singapore comes as no surprise, in light of positive past performance and current outlook. Increasing numbers of Thai developers have been viewing the buyers and investors from the city-state as an important target for their projects.
Property investment in the Kingdom has performed well for many years despite sporicidal periods of political instability during the past decade.
Gross rental return for Thai condominiums have seen a consistent high of between five and seven percent, while capital gains have also been substantial. Average resale prices of freehold condominiums in Bangkok have increased by an average of between 40 percent and 47 percent during the past five years, according to recent data from CBRE and other real estate agents.
According to Pornnarit Chonchaisith, President of the Thai Real Estate Association, Thailand’s property market is expected to grow by between five to 10 percent this year.
The affordability of investing in Thai property is also a major factor in growing the market, alongside the relatively low cost of living in the Kingdom and its high ranking in numerous quality of life reports.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
