Real Estate

Ikaros Group Corporation´s subsidiaries include the following companies, operating in both, Thai Residential- and Foreign Luxury Real Estate markets. Please click the following links for more information of the Company:

REAL ESTATE MARKETS IN THAILAND

The Real Estate markets in Thailand can be divided in to two very different sectors: The Local Residential Market and the Foreign Market. From an investor point of view, both of these markets offer a highly interesting opportunity for capital growth, with an added option of personally owning a Tropical home or a Second home in Thailand.

FOREIGN MARKET

As seen in general, the Real Estate market in Thailand has expanded rapidly during the past few years. The highest growth in value of land and properties has been seen in Phuket and Bangkok areas.

Phuket was recorded having the highest average growth rate in land value in Thailand during the last five years, with an approx. +170% per sqm. in average.

As with Real Estate developments in Thailand overall, all market sectors can offer an interesting investment tool for international investors as well as a beautiful retreat for everyone looking for a home in a tropical paradise, as for example in Phuket.

Ikaros Group believes that this market area will be seeing some major operational changes after the Economic Crises of 2009, mainly in sales and customer acquisition.

The management of Ikaros Group is of the strongest opinion that the developers who will be strong in future in the Thai Luxury Property sector, will be the ones that are able to have strong financing for their projects and also provide financing for their customers.

The largest amount of Luxury Developments in Thailand can be found in cities such as Phuket, Pattaya, Samui, Hua Hin and Krabi.

If you are interested to learn more about buying or investment opportunities in properties in this area, for more information please visit Ikaros Group’s Real Estate Consultancy, Nine Star Asia Company Limited.

RESIDENTIAL MARKET

In spite of the current economic crisis, the Thai residential market has not been adversely effected by the turbulence. In general, the market can still be considered to be healthy and profitable for developers to operate.

Local banks are still financing buyers, especially the ones buying units from nearly or fully completed housing projects.

The Real Estate Information Centre (REIC) of Thailand estimates that a total of 70.000 new housing units will be registered in Thailand during 2009.

The Thai government is also supporting buyers by giving favorable tax advantages when investing into real estate in 2009.

As the annual population growth in Thailand is approx. 1% (600.000 citizens), this means that the demand in the Low- and Mid-End property market is growing faster than what is being developed at the moment.

Please visit the LSP Asia Company Limited website for more information on Ikaros Groups development projects in this sector.

Sep 23, 2009