December 19, 2024 | Luxury Marketplace

Summary Thailand Property 2024-2025

Thailand’s real estate market is expected to experience steady growth in 2024–2025, with some key trends including:

Luxury properties

Demand for luxury condos and beachfront villas is increasing, particularly in areas like Pattaya, Hua Hin, and Koh Samui.

Mixed-use developments

These developments are becoming more popular, especially with expatriates, as they offer a variety of spaces in one location.

Emerging areas

Areas like Chiang Rai and Rayong are gaining attention from foreign investors due to their affordable property prices and growth potential.

Alternative assets

Investors and developers are increasingly focusing on alternative assets, such as data centers, as a way to grow in sectors that are traditionally less active.

Foreign investment

The Thai real estate market is expected to benefit from increased foreign investment.

Tourism

The expanding tourism sector is expected to support growth in the real estate market.

However, there are also some factors that could negatively impact the real estate market in 2025, including: High household debt, Strict lending policies, Geopolitical conflicts, Economic policies of the new US president, and The fragile economic recovery in China.

The Real Estate Information Center (REIC) also expects housing prices to rise in 2025 due to increasing costs affecting new projects.

19/12/2024ZONEZI No commentsBusiness, News, Real Estate

Miami Beach Mansion for $35.5 Million

Hedge Funder Dan Loeb Just Sold His Waterfront Miami Beach Mansion for $35.5 Million.

The Choeff Levy Fischman-designed property overlooking Biscayne Bay on exclusive North Bay Road includes a roof deck, infinity pool and private dock.

Four years ago, Dan Loeb forked over $20 million for a modern mansion overlooking Biscayne Bay in Miami Beach. Late last year, the East Coast-based founder and CEO of the hedge fund Third Point hoisted the property back up for sale at $45 million. The price was subsequently reduced to $41.5 million before it was removed from the market this past June.

After buying Jeremy Renner’s snazzily revamped midcentury residence, the “Truth Hurts” singer has opted to sell her 90210 property once owned by Harry Styles.

Now that Lizzo has doled out $12.4 million for actor Jeremy Renner’s longtime midcentury digs in the Hollywood Hills neighborhood of Los Angeles, the Grammy-winning singer, rapper, and classically trained flutist has decided to put her other home that’s tucked away in a celeb-favored enclave in the mountains above Beverly Hills on the market. The ask is an impressive $16 million, which is a whopping million dollars more than she paid for the place a little more than two years ago.

Records show the Detroit-born musician acquired the modern spread from Warner Brothers CEO and co-chairman Aaron Bay-Schuck in spring 2022 for $15 million

Purchased by the “Tulsa King” star for his daughters, the newly built home features almost 12,000 square feet of turnkey living space decked out with hand-picked designer furnishings.

Sylvester Stallone already owns a $35 million mansion in South Florida’s affluent Palm Beach community. But now the actor has decided to plump up his real estate portfolio, this time tacking on a home in the East Hampton enclave of New York for three of his most cherished family members.

As first reported by the New York Post, the veteran TV and film actor has doled out a speck under $25 million in an apparent all-cash deal for a newly built home owned by married interior designers Phoebe and James Michael Howard.

Thai property market down 13%

Thai property market down 13%, with transferred units at lowest level since 2018.

Thailand Business News

Thai property market down 13%, with transferred units at lowest level since 2018

Real Estate promotion billboards in downtown Bangkok

In the first quarter of 2024, the transfer of residential properties in Thailand decreased by 13% compared to the same period last year, reaching the lowest level since 2018.

Key Takeaways

Residential property transfers in Thailand dropped by 13% in the first quarter of 2024, indicating a significant slowdown in demand.
New housing loans granted in the same period fell by 20.5% year on year, attributed to tighter loan conditions imposed by financial institutes.
The transfer of horizontal residences saw a larger decline compared to condominium transfers, with the total value of transferred units reaching its lowest point in 19 quarters.

In the first quarter of 2024, residential property transfers to buyers decreased by 13% compared to the same period in the previous year, as reported by the Real Estate Information Centre (REIC) of the Government Housing Bank. From January to March, a total of 72,954 units were transferred, which is the smallest number recorded since 2018.

By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-12-18 20:14

China has executed housing acquisition projects in more than 10 cities, converting unsold commercial homes to more than 10,000 units of affordable housing in the latest progress of the country’s ratcheted-up efforts to stabilize the real estate market, industry data indicated.

The participating cities include Chongqing and others in provinces such as Jiangsu, Hubei, Henan, Jilin, Zhejiang, Hebei, Sichuan and Anhui, supported by a central bank lending tool that provides banks with low-cost funding to finance the acquisition projects.

In 2024, the JP Morgan Asia Credit Non-Investment Grade Index continued to build on its positive total return with the index up by 16.1% year-to-date (as of November 8), outperforming both US and European high yield (HY) indexes.1 The high total return has been driven by spread tightening across various sectors aside from just the real estate sector, as evidenced in Table 1.

Table 1 – JP Morgan Asia Credit Non-Investment Grade Index return attribution by sector

Source: JP Morgan, Aladdin, data as of 8 November 2024. Past performance is no guarantee of future results. An investment cannot be made directly in an index.

2025 Investment Outlook

We expect growth to continue to slow in the near term, followed by a reacceleration through 2025, which should foster a favorable environment for risk assets globally.

Executive summary

Many of the world’s central banks, having largely succeeded in curbing inflation, are now easing monetary policies with the aim of stimulating growth. In 2025, we anticipate signs of economic deceleration to be counteracted by the supportive impact of the global rate-cutting cycle. In other words, we think we are seeing a soft landing.

We expect a near-term growth slowdown followed by a reacceleration through 2025. This should create a favorable environment for global risk assetsR