Return of foreign buyers helping property sector to grow

13 Sept 12:14 Key points summarised by AI

Foreign buyers are significantly fueling growth in Thailand's property market, especially since China's reopening and the resurgence of the tourism sector.
Condominium transfers by foreigners surged by 79.2% in units and 67.6% in value during Q1 2023, indicating a strong recovery trend in the real estate market.
International purchasers, predominantly from China, Hong Kong, and other Asian countries, typically have higher budgets (15-30 million baht) and prefer prime business districts in Bangkok.
Forecasts predict foreign purchases will continue to increase, potentially accounting for 15% of total property value and 18% of total units sold within the next two years.

Lamphun in a New Light

Today 15:02 Key points summarised by AI

Lamphun illuminates its ancient city with two concurrent light festivals: the high-tech VIJIT Thailand @ LAMPHUN and the traditional Hundred Thousand Lantern Festival.
VIJIT Thailand @ LAMPHUN transforms historic landmarks into an outdoor gallery, using projections and multimedia to animate Lamphun's history, including Queen Chamadevi's story.
The Hundred Thousand Lantern Festival, part of Yi Peng, fills temples and streets with countless traditional lanterns, symbolizing Buddhist devotion and personal wishes.
These festivals offer a unique after-dark experience, blending contemporary light art with centuries-old Lanna traditions, connecting visitors to Lamphun's past and faith.