Thailand Real Estate News

PropertyScout consistently closes around 50% of transactions with co-brokers. Growth in customer enquiries and available listings for co-broker partners. Expansion of service offering to Phuket through acquisition of REAL Phuket. Second Co-Broker Partner Network Event with more than 100 participants. Bangkok, June 13th, 2022: PropertyScout (https://propertyscout.co.th/en/), Thailand’s favorite PropTech startup,…

EIC predicts a significant increase in construction costs due to rising energy prices  The construction industry’s value in 2022 will continue to expand at 4% YOY, reaching 1.42 trillion baht. However, construction operators face challenges from rising construction costs and labor shortages. The number of foreign workers in the construction…

PropertyScout Begins Year With Multiple Acquisitions The leading Thai Proptech PropertyScout announced its growth plans led by the acquisitions of Fresh Property and assets of Piri Property, two well-known and long-established real estate agencies in Bangkok. Both Pierre Leung of Fresh Property and Felix Wittlinger of Piri Property joins as…

[Bangkok, Thailand, February 9th, 2022] PropertyScout, a Bangkok-based transactional real estate marketplace, announced its ambitious growth plan led by the acquisition of Fresh Property and assets of Piri Property, two well-known and long-established real estate agencies in Bangkok, with teams of both companies joining to support the fast growth. This…

Thai Real Estate Association Expects High Demand in Second Half of 2022 President of the Thai Real Estate Association, Meesak Chunharakchot, projected this year’s real estate demand to be outstanding. The government is encouraged to create a more flexible policy, allowing foreigners ease of accessibility in owning Real Estate in…

Foreign Land Ownership in Thailand – soon a reality? After the Economic Management Committee meeting that was held this week, the government house spokesperson has announced that there might be a consideration on allowing property ownership for foreigners. The benefit will only be provided to those who fulfill certain criteria…

First Networking Event by Thai Condo Association The Thai Condominium Association has organized its first event for real estate businesses, introducing a training course for executives to broaden their knowledge and relationships in the industry.  Objectives: The goal of this event series is to develop the real estate industry and…

[Bangkok, Thailand, January 2022] PropertyScout (https://propertyscout.co.th/en/), a Bangkok-based prop tech startup that is building a transactional platform for buying, renting, and selling homes, recently announced reaching USD 2.5 million in total funding after successfully closing its Pre-Series A round. Hustle Fund, a well-known, US-based early-stage VC investing into startups in…

Cabinet approved: Reduction of property transfer fee to 0.01% for 2022 On the 21st of December, 2021, the Thai Cabinet approved measures to stimulate and revitalize the economy in 2022, reducing the current property transfer fee for real estate transfers from 2% to just 0.01%. Additionally, the registration fee for mortgaged…