Tisco Securities Co. Ltd. recently made a suggestion to investors in Thailand, which might interest those looking for a family residence in Pattaya or any sort of housing or property development in Thailand.
The company notes that the Thai property sector has shown that it is recovering from the issues that plagued it in the past, and are saying that investors interested in the country should consider moving into the sector, noting companies like Land & Houses PLC. as good options.
Tisco points out that this developer, and quite a few others, have built low-rise housing developments, such as townhouses and twinhouses, which they note is a good strategy that will generate income faster than with the usual option, condominiums. The brokerage adds that share prices in the sector are actually not as high as the numbers suggested by companies’ fundamentals, which means that investors could look to developing a new family residence in Pattaya, or whatever piques their interest.
The research done by the brokerage also shows that the Thai government’s proposal for an investment aimed at helping out large infrastructure projects, which would start sometime in 2018, would also drive up demand for residential developments, especially around the new transit routes.
Thai property firms also took notice, with many having plans for residential developments, including condos and low-rise residences in 2018, around current and potential mass transit routes.
Further data and statements from developers and other brokerages also expect good things from the market, with companies like Yuanta Securities (Thailand) Co. Ltd. expecting Quality Houses PLC. to rack in around Bt961M by the 2017, an increase of 42% from the 2016’s total numbers.
Sansiri PLC. revealed via its Chief Operating Officer, UthaiUthaisangsuk that the company had already sold out two of its condominium projects, both under the D Condo brand. One of these was at Chiang Mai, the other at Phuket. Both were sold out to tenants, with total revenue amounting to Bt3.3B. According to Uthaisangsuk, demand in Thailand’s residential market, particularly in the capital and the suburban areas, are strong, which not only helped them reach their target profits, but also set up a good forecast for 2018.