Phuket Property Watch Your Eyes on Real Estate in Thailand
Related Articles
Thailand’s residential property market is experiencing a prolonged slump, according to a recent report by Nikkei Asia. This comes as a blow to investors and developers alike, as the market struggles to recover from the impacts of COVID-19.
Adding to the property market woes, POSCO E&C, a major player in the construction sector, has reported multi-billion won losses. The company is now focusing on core management to enhance its domestic profitability and stimulate overseas recovery, as per this report.
In other news, WhatNow has announced the opening of the Grand Thai Princess on Grand River Avenue near downtown Farmington, a development that may stimulate local commercial property interests.
In trade news, Thailand and India are strengthening ties as the Thai Commerce Minister leads a business delegation to Mumbai, a move that could potentially boost commercial real estate in both countries.
Meanwhile, Siam Legal International has highlighted the extension of the Thailand Elite Visa Bronze Membership and Family Promotion through 2026. The move is expected to stimulate the real estate market by attracting more foreign investors to Thailand.
In other developments, HCLTech has reported a 4.2% QoQ revenue increase, as annualized revenue crosses $15B. The company’s high bookings of $3B are a testament to the strong business climate in Thailand, which could indirectly influence the property market.
