Thai Property Can Stay Hot in Chillier Times
ByChinese demand and a tourism boom will soften the impact of overbuilding and weakening global growth.
Clouds are gathering, but the sun’s still shining. Photographer: Dario Pignatelli/Bloomberg
Thailand’s booming property market is at risk of cooling this year as rampant construction threatens an oversupply of apartments amid increasing global economic headwinds.
The country has been a relative bright spot in an otherwise lackluster Southeast Asian real estate market. Thai residential property has experienced substantial growth in recent years, much of it fueled by buyers from China, Japan and Singapore. The thriving hospitality sector has also drawn money from foreign and local investors to fund the building of many new hotels and resorts…
Thai Property Can Stay Hot in Chillier Times
