Chinese buyers top the table of foreign condominium purchasers in Thailand, buying up 15 billion baht worth of property in the first eight months of this year.
Luxury property developer K.E. Group and a former major shareholder of Raimon Land have set up a private equity fund with an initial investment of 2 billion baht to co-invest in existing property projects whose developers are in need of liquidity or who want to cash out.
Old office buildings should be renovated to retain tenants amid lower demand driven by larger new supply of more than 2 million square metres in 2022-26 and changing behaviours, according to property consultant JLL Thailand.
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Bangkok's residential market will improve next year as supply and demand will be more balanced, while foreign buyers, particularly Chinese, are still interested in Thai property, according to property experts.