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Thailand Property News

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Thailand’s central bank cuts interest rate

Shares in Thailand’s property firms rallied on Wednesday after the central bank unexpectedly cut rates. The property sub-index jumped 3.2 percent, the best performing sector on the Thai stock exchange. “The unexpected rate cut gave a psychological lift to the laggard sector,” said analyst Danai Tunyapisitchai of broker Phillip Securities. “Lower rates fundamentally are positive […]

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Boom in Chinese tourism offers opportunity

Thailand is enjoying a boom in Chinese tourists with visitor numbers more than quadrupling over the last decade. According to the Thai-Chinese Tourism Alliance Association in February 2013, Chinese tourists are the main supplier of Thailand’s tourism industry and 3.3 million Chinese tourists are to be expected throughout this year. With a simple visa process […]

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Bright horizon for Phuket property

Southeast Asia continues to see upbeat investment sentiment with Thailand seeing real estate owners inject assets into property funds while overall commercial real estate transaction volume in Asia Pacific declined by 11% q-o-q to US$19.2 billion after an unusually strong Q1 2013. The market remained active and the quarterly total was in line with volumes […]

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