Myanmar ranks second in Thai condo sales

Thai condo transfers to Myanmar buyers ranked second in the first nine months of 2024, setting a new record last year as the nine-month figure already surpassed that recorded in 2023.

Saturday, January 11, 2025 01:00

Illustrative image (Photo: Bangkok Post)

Bangkok (VNA) - Thai condo transfers to Myanmar buyers ranked second in the first nine months of 2024, setting a new record last year as the nine-month figure already surpassed that recorded in 2023.

According to Thailand’s Real Estate Information Centre (REIC), units sold to buyers from Myanmar during the period tallied 1,050 worth 5.46 billion THB (257.7 million USD), up from 347 units worth 2.25 billion THB in the same period of 2023.

Condos transferred to buyers from Myanmar had the third-highest average unit price at 5.2 million THB, following Indian buyers at 6.3 million THB and US buyers at 5.3 million THB.

During this period, the total number and value of condo transfers to foreign buyers nationwide was 11,036 units worth 51.5 billion THB, up 3.1% year-on-year, but down 1.5% in value compared to 2023.

Bangkok remained the top destination with the largest number and value of condos transferred to foreign buyers, followed by Chon Buri, which accounted for 38.7% and 36%, respectively./.

VNA

#Thailand’s Real Estate Information Centre #Thai condo transfers Myanmar Thailand

See more

Cambodia sets up genocide crime-related historical sites

07/03/2025 02:15

In the decree issued on February 25, Cambodian King Norodom Sihamoni ordered the establishment of three sites where genocide crimes occurred in the country, namely the former M-13 prison in Kampong Chhnang and Kampong Speu provinces, and the Tuol Sleng Genocide Museum, and the Choeung Ek Genocide Centre in Phnom Penh.

Cambodian Prime Minister Samdech Thipadei Hun Manet speaks at the forum (Photo: khmertimeskh.com)

Vietnam attends ASEAN – Cambodia Business Summit 2025

06/03/2025 19:18

ASEAN boasts an attractive investment environment, strong economic vitality, and a steadfast commitment to regional development, said Cambodian PM Hun Manet.

Singapore adds charges to suspects in Nvidia chip transportation

06/03/2025 18:54

The case is part of an investigation into 22 individuals and companies suspected of making false statements, amid concerns that AI chip smuggling into China may involve countries such as Singapore.

Indonesia faces hurdles in pursuing progressive VAT system

06/03/2025 16:52

Indonesia’s value-added tax (VAT) system is struggling to balance the need to generate sufficient revenue for public services while avoiding regressivity, according to an analysis published by the East Asia Forum.

People using their mobile phones. (Photo: CNA/Calvin Oh)

Singapore urges social media platforms to strengthen measures against harmful content

06/03/2025 07:30

Singapore's Ministry of Digital Development and Information has urged social media platforms to respond more effectively and promptly to user reports, as most currently take an average of five days or longer to act.

Thailand strives to expand voluntary carbon market

06/03/2025 05:18

Thailand aims to have an emissions trading system in full operation by 2030 and is preparing to impose a carbon tax of 200 THB (5.94 USD) per tonne on oil products.

Sasikarn Wattanachan, deputy spokesperson for the Prime Minister's Office (Photo: The Nation)

Thailand makes progress in fight against cybercrime

06/03/2025 05:02

The spokesperson said the crackdown highlighted the government’s commitment to safeguarding citizens from the growing threat of online criminal activity.

Bangkok Airways is suspending some domestic flights as smog could make visibility too poor for planes to land (Photo: straitstimes.com)

Thai airline halts some domestic flights due to air pollution

05/03/2025 23:43

The carrier said flights from Bangkok to the north-western town of Mae Hong Son because smog was expected to make visibility too poor to land.

Capital Flow Management System launched (Photo: kpl.gov.la)

Lao central bank launches Capital Flow Management System

05/03/2025 23:33

The Bank of the Lao PDR (BOL) has recently launched the Capital Flow Management System (CMS) to enhance foreign exchange management and improve financial stability in the country.

Thailand tightens safety measures for agricultural exports

05/03/2025 19:28

Efforts are focused on ensuring compliance with international safety standards through stricter oversight, chemical residue testing, and pest inspections.

Malaysia expands cooperation in semiconductor industry

05/03/2025 17:18

The Prime Minister’s senior press secretary Tunku Nashrul Abaidah said that through the collaboration, Malaysia will make history in the global technology industry and witness a transformation in its AI and semiconductor landscape.

Thailand rolls out policies to boost wellness economy

05/03/2025 14:33

The cooperation between inventors and investors aims to promote high-quality health products and services, including innovative pharmaceuticals, medical equipment, herbal products, and cosmetics.

Last year, Indonesian President Prabowo Subianto committed to phasing out coal power generation over 15 years and reaching net-zero emissions by mid-century. (Photo: AFP)

Indonesia plans over 20 energy projects in 2025

05/03/2025 07:39

Indonesia remains heavily dependent on coal and is one of the world’s top greenhouse gas emitters. However, President Prabowo Subianto has pledged to phase out coal-fired power generation within 15 years and achieve net-zero emissions by 2050.

Cambodia criminalises denial of Pol Pot crimes

05/03/2025 06:02

Cambodian King Norodom Sihamoni has officially enacted a law criminalising the denial of crimes committed under the Democratic Kampuchea regime, under which individuals who refuse to acknowledge the atrocities of the Pol Pot-led genocide could face prison sentences ranging from one to five years.