A surge in foreign interest in luxury property in Thailand has been observed since international tourists began returning in the latter half of 2022, according to property consultancy CBRE.
Sales transactions through CBRE have risen by over 200%, indicating a clear trend. In response, developers are preparing to launch new luxury and super-luxury residential projects in 2023, with a focus on single houses.
CBRE Thailand represents approximately 30 leading residential projects with a total project value surpassing 40 billion baht, stated Artitaya Kasemlawan, head of residential sales projects. Among these projects, 58% are luxury and super-luxury housing, 40% are luxury condominiums, and the remaining 2% are villa developments.
The majority of projects slated for launch this year are single-house developments, which continue to be in high demand. Examples of such…
