Over the weekend of 23 and 24 May, PropertyGuru held its annual Thailand Property Show at Orchard Hotel, this time hosting five exhibitors and showcasing eight property projects from Bangkok, Krabi and Pattaya.
The event attracted 330 visitors, from which 274 leads worth a total of 1,115 million THB (44.6 million SGD) were collected. There were also 24 transactions made, bringing in a total value of 101.7 million THB (4 million SGD).
The healthy response comes as no surprise, in light of the Thai property market’s positive past performance and current outlook. Property in the country has done well lately, despite the constant political instability of 2014. Gross rental return for Thai condominiums have seen a consistent high of between five and seven percent, while capital gains have also been substantial; average resale prices of freehold condos in Bangkok have risen an average of 47 percent in the last five years.
According to Pornnarit Chonchaisith, President of the Thai Real Estate Association, Thailand’s property market is expected to grow five to 10 percent this year, which is good news for both investors and buyers. The affordability of investing in Thai property is also a major factor in growing the market, alongside the relatively low cost of living in the country.
Cheryl Marie Tay, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email cheryl@propertyguru.com.sg
