Fly oversea to see property project of Nomura Real Estate Development, which is known for having the strongest Common Space Design and Brand Image in Japan.
It have been almost 3 years that Propholic have presented special scoops about the survey of condominium market in the sushi land like Japan. And we know that the last 3-4 years, the property market in Thailand have been greased in the money from Japan. It’s like premium grade engine oil from various huge property companies. And made all the big name developers, which already have their names in stock market, when join the cooperation with Japanese developer (that also looking for ability to grow their own market in their own land which get smaller day after day) and being as big as they can be, ready to collect all the market in Thailand so other small ones don’t have any money supplied or cooperate with anyone and in the end gone from the market as well.
Actually, it is no surprised that property business in our land do have big name companies from abroad especially from Japan and Hong Kong to join the investment and be the business partner. Because the business in their own country have the market situation with less liquidity than Thailand. With the main factor of buying behavior in that country, the price of property is much higher than what most of people can afford and Law & Regulation of the tax used to be like a Barrier, very important for foreigner who want to buy for the investment …When collecting all together, the way out for those companies is to change the course to new target group or invest in other land that still have some gap left in the property business. Both standard construction that are waiting for the development in the future and property price in Thailand. Even if today is still to high to the most of people in the country, but still have a standard price which is sensible for other great nation around the world (it can say that people from Chaina, Hong Kong, and Singapore have it really easy to buy) And right now, a lot of Thai developer are saving their capital of almost 20% to make International Marketing of their project. That shows the factor about Thailand is on the way to unlock the law about foreign ownership of condominium in Thailand that is limited at only 49% today.