Housing market woos Japanese firms

The Thai housing market remains appealing to both new Japanese developers entering with a budget of 100-300 million baht per project as well as existing developers considering a change of partner.

Sumitra Wongpakdee, managing director of property researcher and consultancy Terra Media and Consulting, said at least two Japanese firms are seeking small- to medium-sized Thai developers for potential joint investment opportunities.

“One of these Japanese firms is a developer and the other is a contractor. Both are new to investing in Thailand,” she said. “Their aim is to co-invest with non-listed developers as their investment budget is around 100-300 million baht per project.”

She said the co-investment…