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CBRE sets B300m sales target for Elite partnership published : 24 May 2021 at 04:30 Government stimulus schemes, a successful vaccination rollout, easing of travel restrictions and a partnership with Thailand Elite Card can triple the growth of residential sales from foreign buyers by the end of this year, says property consultant CBRE Thailand. Charinya Youngprapakorn, head of advisory and transaction services for residential projects at CBRE, said residential purchases by foreign buyers through CBRE dropped to 5% of the total last year, attributed to the pandemic. That figure could rise to 15-20% this year, said Ms Charinya. Key factors encouraging foreign investment are government policies, including a long-term visa for foreign investors, an extension of property leases to 60 years, or a certain quota for housing project purchases with specific regulations, she said.

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