SDB Club Benchmark Real Estate

Bangkok Bank plans to increase its focus on the foreign property market in Phuket, a market worth 20 billion baht per year and expected to grow by 20% to 30% annually over the next three to four years. Piya Sosothikul, a BBL executive vice-president, noted that about 250 condominium, detached home and vacation villa projects [...]

Strong baht, legal hurdles hurt market. The political situation, stronger baht and changes to the foreign ownership law have slowed down property sales to foreign buyers, according to the Phuket-based property broker and consultant Andrew Park Co Ltd. Graeme Laird, the company’s president and chief executive, said property agents in Pattaya, Samui and Phuket discussed [...]