Phuket Property Watch Your Eyes on Real Estate in Thailand
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In a significant development, American giants are eyeing major investment in Cambodia’s key sectors, which could have implications for the property market in neighboring Thailand. Meanwhile, the Mass Rapid Transit Authority of Thailand (MRTA) is considering a Japan model for Praram 9, which may bring changes to property values and development strategies in the area. This could also influence the decision-making process for potential investors and homebuyers in Thailand. On a different note, a real estate broker has issued a harsh reality check to Gen Z, indicating that getting on the property ladder may not be as easy as it used to be. This serves as a reminder of the challenges that first-time buyers often face in the real estate market. Developers are also being urged to reduce parking spaces for new projects near public transport stations, reflecting a growing focus on sustainability and efficient urban planning. Finally, Limestone Asset Management and Orion Real Estate Group have sold the renovated Pinecrest Town Center for $42.5 million, illustrating the potential returns for property investors in the region.
