Real Estate

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. 

December 19, 2024No comments, , ,
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.

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December 19, 2024No comments,
Lizzo’s Modern Beverly Hills Home Just Hit the Market for $16 Million

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

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December 19, 2024No comments,
Sylvester Stallone Drops $25 Million in Cash on a Ritzy Hamptons Estate

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.

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December 19, 2024No comments,
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

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.

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December 19, 2024No comments, , ,
China housing : acquisition projects to stabilize real estate market

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.

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December 19, 2024No comments, , ,
2025 Investment Outlook – Asia Fixed Income: High Yield

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.

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December 19, 2024No comments, , ,
‘Dumb and Dumber’ Producer Brad Krevoy

‘Dumb and Dumber’ Producer Brad Krevoy Lists His Ocean-View Malibu Estate for $8.5 Million

The Motion Picture Corporation of America CEO purchased the beach getaway in 2019 for nearly $7.8 million.

Brad Krevoy doled out a speck under $7.8 million for a bluff-top estate in the heart of Malibu, in the Sycamore Park enclave across Pacific Coast Highway from the Pacific Ocean, back in 2019. Now, five years later, the veteran entertainment industry executive’s coastal getaway has popped up for sale. But if you’re hoping to score the property, you’re probably out of luck. Records show it’s already under contract to be sold after barely a week on the market.

Listed by Kathryn Bentzen of Coldwell Banker Realty for a speck under $8.5 million, the roughly 1.7-acre parcel is tucked away behind high walls and gates. Multiple structures include an Australian farmhouse-style main home, plus a guesthouse, a pool house with changing facilities and a gym—for a combined total of seven bedrooms and nine baths in about 6,400 square feet.

Brad Krevoy House Malibu
The 1.7-acre spread has an Australian farmhouse-style main home surrounded by palm-laced grounds.Scott Everts/SAE Photography

RELATED: A Filmmaker’s Laid-Back Malibu Home Sits Right on the Sand. It Can Be Yours for $20 Million.

The fully updated two-story primary residence is adorned throughout with dark hardwood floors and soaring vaulted and beamed ceilings. Highlights include a living room sporting an ornate stone fireplace and French doors spilling out to a wraparound veranda, as well as a wood-paneled dining area that connects to a gourmet kitchen outfitted with stone countertops, dual islands, and a pricey La Cornue range. Five en suite bedrooms include a posh primary retreat flaunting a fireplace, a private patio, and a luxe bath equipped with dual vanities, a vintage clawfoot soaking tub, and a roomy freestanding shower.

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December 11, 2024No comments, ,
‘Masters of Sex’ Star Lizzy Caplan

‘Masters of Sex’ Star Lizzy Caplan Lists Her Hollywood Hills Home for $2.85 Million

The 3-bedroom modernist retreat above L.A.’s Bronson Canyon has a peek-a-boo view of the famed Hollywood Sign.

About four years before Lizzy Caplan married English stage and screen actor Tom Riley (and not too long after she split up with late actor Matthew Perry), the veteran film and television actress plunked down a tad more than $1.8 million for a circa 1961 modernist home in Los Angeles that nearly a dozen years later has popped up for sale with a $2.85 million price tag. Patricia Ruben of Sotheby’s International Realty—Los Feliz Brokerage holds the listing.

Alternatively, the 2,100-square-foot, three-bedroom, two-bath Hollywood Hills home, on a quiet street above Bronson Canyon in the Los Feliz Oaks neighborhood, is also available for rent at $15,000 per month, down from the original ask of $17,500 per month.

Lizzy Caplan House Los Angeles
The kitchen’s emerald-green cabinets contrast with the wood ceiling and butcher block island.Jo David for Sotheby’s International Realty

Beyond the gated courtyard entry and through the front doors, an atrium is bursting with lush greenery. Pale wood floors flow into the living room, anchored by a whitewashed raised hearth brick fireplace. Glass sliders open the room to the backyard, and clerestory windows bring tons of light into the fashionably eclectic space. A cozy adjoining sitting area is decked out with a curvaceous built-in sofa alongside built-in bookshelves.

The nearby kitchen, fitted with chef-grade appliances, emerald-green laminate cabinets and a rustic butcher block island set below two Moroccan lanterns, is open to a relaxed dining area that spills out to the backyard through more sliding glass doors.

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December 11, 2024No comments,
Paul Newman and Joanne Woodward’s

Paul Newman and Joanne Woodward’s Manhattan Pied-à-Terre Can Be Yours for $10 Million

The Oscar-winning Hollywood legends owned the terraced Fifth Avenue penthouse since the early 1980s.

One of Hollywood’s most successful and enduring couples, Paul Newman and Joanne Woodward, long made their home on a 6.8-acre spread in Westport, Connecticut. For decades, they also maintained a penthouse pied-à-terre that Woodward, sixteen years after Newman’s death, has just hoisted onto the market for $9.95 million. Maintenance charges tally up to more than $13,000 per month, according to listings held by Noble Black and Jennifer Stillman of Douglas Elliman Real Estate.

 

According to The New York Times, the couple acquired the penthouse in the early 1980s and used it for weeks-long stays in the city and for entertaining prominent, high-powered friends such as Barack Obama, Bill Clinton, Tom Cruise, Cher, and Harry Belafonte. The sale is being handled by the couple’s children on behalf of Woodward, who largely retreated from public life after she was diagnosed with Alzheimer’s disease in 2007. Carefully maintained but not updated much in recent years, the top-floor spread retains original prewar features like nearly 11-foot ceilings, herringbone wood floors, a wood-burning fireplace, and decorative wood moldings and built-ins.

RELATED: This $20 Million Manhattan Penthouse Is Perched Atop the Tallest Residential Tower on Fifth Avenue

paul newman joanne woodward new york apartment
Newman was a skilled jazz and blues pianist who kept a grand piano in the living room.Evan Joseph Studios

The apartment is one of two penthouses atop a handsome, J.E.R. Carpenter-designed limestone-clad building, which was completed in 1925 and stands at the corner of East 93rd Street and Fifth Avenue across from the Jacqueline Kennedy Onassis Reservoir. One of the more distinguished cooperative apartment houses on Fifth Avenue, other notable residents over the years include another entertainment industry couple who have been married for decades, Michael J. Fox and Tracy Pollan, and James Gorman, the former CEO of Morgan Stanley, who will become chairman of The Walt Disney Company next year.

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December 11, 2024No comments, ,
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