Thailand’s real estate: Trends, transformations, global impact

As Thailand’s real estate market evolves, industry leaders are gathering valuable insights.

Chotika Tungsirisurp, head of research and consulting at CBRE Thailand, sees emerging trends, urban development shifts and the impact of international investments as great opportunities.

According to Tungsirisurp, obsolete commercial buildings will transform in central business district locations, mixed-use developments will thrive around transit hubs, and sustainability will take center stage in the office sector.

Clayton Wade, managing director of Premier Homes, says the robust return of tourism will become a catalyst for Thailand’s real estate resurgence. Foreign condominium purchases are soaring, especially in Bangkok and the Eastern seaboard. Wade sees 2023 as Phuket’s “Golden Year” for property and recommends strategic off-plan investments.

Yuji Okamoto, the managing director of Mitsubishi Estate (Thailand) Co. Ltd., has insights to share about the company’s role in Thailand’s real estate industry. Mitsubishi Estate’s commitment to sustainability is evident in projects like One City Centre, a Grade A+ office building with cutting-edge technology and environmental certifications.

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