{"id":3117,"date":"2019-05-21T08:58:18","date_gmt":"2019-05-21T08:58:18","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3117"},"modified":"2021-06-04T14:25:17","modified_gmt":"2021-06-04T07:25:17","slug":"joint-venture-projects-with-international-firms-are-on-the-rise-for-thai-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/joint-venture-projects-with-international-firms-are-on-the-rise-for-thai-real-estate-market\/","title":{"rendered":"Joint venture projects with international firms are on the rise for Thai real estate market"},"content":{"rendered":"<figure id=\"attachment_3118\" aria-describedby=\"caption-attachment-3118\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3118\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1240472803.jpg\" alt=\"\" width=\"1000\" height=\"564\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1240472803.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1240472803-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1240472803-768x433.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3118\" class=\"wp-caption-text\">Bangkok remains hotspot for joint-venture real estate projects. Chalermphon SrisangC\/Shutterstock<\/figcaption><\/figure>\n<p>Thai developers have been enjoying success of joint ventures formed with foreign developers, especially with Japanese firms, where businesses have been conducted for decades.<\/p>\n<p>As reported by <a href=\"https:\/\/www.bangkokpost.com\/business\/news\/1671300\/condo-joint-ventures-trending\">Bangkok Post<\/a>, most of the joint-venture projects being built are condominiums as The Condominium Act allows foreigners to own up to 49 percent of the residential space. The report stated that China and Hong Kong firms are now showing growing interest in collaborating with Thai partners on projects that can be catered to Chinese buyers, who are becoming the largest foreign buyer group in the kingdom.<\/p>\n<p><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/www.asiapropertyawards.com\/how-internet-of-things-iot-will-influence-the-thailand-real-estate-market\/\">More: How Internet of Things (IoT) will influence the Thailand real estate market<\/a><\/strong><\/span><\/p>\n<p>Total value of joint-venture property projects involving Thai and foreign developers is currently more than THB 500 billion and is expected to grow further. Twenty-five such projects announced in 2019 call for a total investment value of THB 117 billion, an increase of 7 percent from last year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai developers have been enjoying success of joint ventures formed with foreign developers, especially with Japanese firms, where businesses have been conducted for decades. As reported by Bangkok Post, most of the joint-venture projects being built are condominiums as The Condominium Act allows foreigners to own up to 49 percent of the residential space. The<\/p>\n","protected":false},"author":7,"featured_media":20072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-3117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Joint venture projects with international firms are on the rise for Thai real estate market | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/joint-venture-projects-with-international-firms-are-on-the-rise-for-thai-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joint venture projects with international firms are on the rise for Thai real estate market | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Thai developers have been enjoying success of joint ventures formed with foreign developers, especially with Japanese firms, where businesses have been conducted for decades. As reported by Bangkok Post, most of the joint-venture projects being built are condominiums as The Condominium Act allows foreigners to own up to 49 percent of the residential space. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/joint-venture-projects-with-international-firms-are-on-the-rise-for-thai-real-estate-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-21T08:58:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T07:25:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1240472803.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Richard Allan Aquino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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