Phuket Property Market Dynamics: New Hotel Opening and Banking Support for SMEs

The Watcher 20 hours ago Business 15 Views

The property market in Thailand continues to witness varied activities, with a significant focus on Phuket, one of the country’s leading real estate hubs. In recent developments, SureStay Plus by Best Western Pattaya has made its debut, marking the arrival of a new player in the hospitality sector. The new hotel in Pattaya is a significant addition to the local property market, and it is expected to attract both domestic and international tourists, thereby indirectly impacting the real estate sector in the region.

In a bid to support the property market and the overall economy, Bangkok Bank in collaboration with the Massachusetts Institute of Technology (MIT) has embarked on a journey to aid SMEs and farmers. The initiative is expected to provide significant relief to the SMEs involved in the property market, including small construction firms, property consultancies, and real estate agents.

In the investment realm, the Third Avenue International Real Estate Value Fund reported its Q3 2025 activity, providing insights into global real estate trends and investment opportunities.

Meanwhile, the aviation industry is bringing positive news for the tourism and property sectors. After a hiatus of 11 years, United Airlines is returning to Thailand with a new Los Angeles-Bangkok route. This return is a clear indication of the recovery of Thailand’s tourism sector, which is a key driver for the country’s property market.