A stronger baht is emerging as another major headwind for Thailand\u2019s property sector, particularly the condominium market that relies heavily on foreign high-spending buyers, with signs some are delaying both title transfers and new deals amid exchange-rate uncertainty.<\/p>\n
Industry assessments say the baht\u2019s appreciation against major currencies such as the US dollar and the yuan makes Thai condominiums instantly more expensive for foreign investors\u2014even if developers do not raise prices\u2014reducing investment yields, especially for buyers planning to rent out units or hold them for medium- to long-term gains.<\/p>\n
Foreign buyers slow down, waiting for a weaker baht<\/p>\n
Major developers say foreign buyers\u2014especially from China, Hong Kong and Singapore\u2014are increasingly adopting a \u201cwait and see\u201d approach, delaying transfers to watch the baht\u2019s direction.<\/p>\n
This has left developers carrying higher interest costs, while some buyers have sought to postpone final instalments or negotiate additional discounts to offset currency-related costs.<\/p>\n
Analysts note that a rapidly strengthening currency often spooks investors more than a gradual depreciation, because it is harder to predict where the currency will peak\u2014prompting investors to delay decisions on high-value assets such as property.<\/p>\n","protected":false},"excerpt":{"rendered":"A stronger baht is emerging as another major headwind for Thailand\u2019s property sector, particularly the condominium market that…\n","protected":false},"author":2,"featured_media":373325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,201759,1348,99,8058,5304,164,201760,2356],"class_list":{"0":"post-373324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-baht-appreciation","11":"tag-breaking-news","12":"tag-business","13":"tag-condominium","14":"tag-currency","15":"tag-economy","16":"tag-foreigners","17":"tag-transfers"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/373324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=373324"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/373324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/373325"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=373324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=373324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=373324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}