Category Archives: News

2023 VIP Event: Property Insight With Tea Set

A private afternoon tea was held for our members during the rainy weekend, to share the latest Vietnam property – The HCMC Metropolitan as well as the investment opportunities in the new market in Vietnam. We are sincerely thankful to all the investors coming for our private event, enjoying the tea set prepared by Savvy.

Uplift your life with a modern area starting at HKD800K. Since Vietnam’s GDP growth is forecast to reach 8% this year, the highest among major countries in the Asia Pacific region. The project only takes a 5-minute drive to the Convention Center, World Trade Center, Vietnam Singapore Industrial Park, VSIP II, and multiple international schools are just meters away. We expect the Metro Central Station to be ready by 2025, which is going to increase the price of the property nearby.

To know more about the property, please don’t hesitate to WhatsApp us👇🏻

WhatsApp: 5226 1138 |


Contact Us

    How important with Chinese investment on Thai property in 2023

    Due to the return of Russian and Chinese buyers, driving prices up by 15-20% in some Thai properties.

    “The Phuket property market is experiencing a surge in demand, fuelled by Chinese property investors and Russian buyers.” – Nattha Kahapana, the Managing Director of Knight Frank Thailand.

    The key reasons for Chinese investment in the following segments of the Thai property market:

    1. Condominiums:
    Condos in Thailand are popular among Chinese investors due to their relatively low cost and promising rental yields. In cities like Bangkok and Phuket, the demand for rental properties has been on the rise, driven by an influx of tourists and expats.

    2. Hospitality sectors:
    With the growth of tourism in 2023, it develops hotels, resorts, and serviced apartments rapidly, increasing the tourism economy.

    3. Luxury properties:
    The number of high-net-worth individuals in China has increased, and there has been a growing demand for luxury residences in Thailand, especially in Bangkok and Phuket. This affects them to choose upscale properties in prime locations, such as penthouses and villas in exclusive developments. Thailand Condominiums with foreigners quotas.

    The Thai economy expanded 2.6% in 2022, undershooting expectations that were already modest as a strong recovery in tourism

    The influx of Chinese investment in Thailand’s property market may create:

    1. Economic growth:
    The increased investment in real estate can drive economic growth in Thailand, create job opportunities, boost local business, and especially in the construction and tourism sectors.

    2. Sustainability impact:
    More developers have made a conscious effort to design the project with the environment in mind to fulfill the market needs. Some projects may be constructed with eco-friendly materials, and the developers have implemented energy-efficient technologies to reduce the community’s carbon footprint.

    The growing interest of Chinese investors in Thai property has make significant effects on the economy and real estate landscape in 2023.

     To know more about oversea properties, please WhatsApp us

    Procedure of buying property in Thailand

    Before investing in Thailand real estate, you must first understand the general procedures for buying real estate in Thailand. Although most of the procedures for buying property in Thailand are similar to those in Hong Kong, it should be noted that there is generally no brokerage commission for buying a property. Also, the cost will be borne by the seller or developer. Therefore, it is best to seek help from a real estate agent if you want to buy a property in Thailand.

    Procedure 1: Property Search

    Investors can first search for their favorite real estate in Thailand online. Most real estate websites in Thailand will provide trend information on property prices, rents and rental yields. After investors have selected their favorite real estate, they can contact real estate agents for help. If possible, investors are advised to visit Thailand to inspect the environment in person.

    Procedure 2: Hiring a Lawyer and Opening a Thai Bank Account

    After you have learned about the real estate information, house type and title period from the real estate agent, you can hire a lawyer to handle legal affairs for you. And remember to open a Thai bank account.

    Procedure 3: Deposit

    Before paying the deposit, the buyer needs to sign the reserved housing unit document and ensure that the important terms such as the unit number, property price, and payment method on the document are clear and consistent. After that, you can pay 5%-10% of the property price as a deposit by transfer or check.

    Procedure 4: Paying the down payment

    Before paying the down payment, the buyer must sign a sale and purchase contract with the seller and clearly state the date of ownership transfer in the contract.

    Procedure 5: Applying for a mortgage

    3 to 6 months before the handover, the buyer can choose to apply for a mortgage for the Thai real estate in a Hong Kong bank, but the interest rate and repayment period of different mortgage plans are different. If you want to apply for a mortgage at the Bank of Thailand, you must pay attention to the fact that you can only borrow up to 50% of the property price.Also, the interest rate is relatively high. Therefore, the best way is to apply for a mortgage from a Hong Kong bank, and then transfer the funds to a Thai bank account for buying a property. However, be careful not to convert Hong Kong dollars into Thai baht in advance, otherwise you will not be able to obtain the FET form (the necessary document for the transfer of title).

    Procedure 6: Property acceptance

    After receiving the notice from the developer, the buyer can go through the formalities of taking over the building within the specified time. When taking over the building, the buyer may have to pay a one-year management fee, a one-time maintenance fund, water and electricity meters, and the deed tax for handing over the building. In addition, the exact delivery date will be notified.

    Procedure 7:Handing over the property

    On the day of handover, the buyer will receive the key. The bank will also pay the total amount of the loan to the developer and the balance of the property price must also be paid before then.

    Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. *Rental yield is projected by the agency and not guaranteed by the developer.

    Contact Us Now

      Our Publication


      【THE BASE Height Chiang Mai】| A resort-lifestyle for Families, Digital Nomads and the Thai Locals

      Immediate Release

      Chiang Mai, Thailand – Top investment Opportunity  for Overseas Property

      THE BASE Height-Chiang Mai by Sansiri Thailand’s Top Property Developer

      No.1 Lucrative Investment and Vacation Home for Expats

      Exclusive Foreign Quota First Pre-Sales Launching in Hong Kong this 11-12March

      (Hong Kong – 1st March 2023) As one of the largest economy in South East Asia, Thailand has a strong GDP worth over USD500 billion,  even surpassing Hong Kong. Chiang Mai city is ranked among of world’s top travelling destination  not only the economic and cultural centre of northern Thailand, but also a vibrant city of art, lifestyle, history and culture. As Chiang Mai’s fast-developing economy presents an exuberant and low-cost living that comes with it, countless foreigners and locals are being drawn to the city. In response to the soaring demand for local residences, Thailand’s leading real estate developer Sansiri, Thailand’s most trusted full-service property developer with the highest sales volume among Thai developers in international markets over 10 years, is launching THE BASE Height-Chiang Mai, is the company’s first high-rise freehold condominium in Chiang Mai with nice city vista near the Central Festival Mall in 3 minutes with Ashton Hawks, offering limited exclusive foreign quotas in their pre-sales launching event that will be held on 11th to 12th March at 27/F, Park Lane Hotel, Causeway Bay in Hong Kong, with prices starting from HKD550,000.


      Popular Choice for a Second Home | A resort-lifestyle for Families, Digital Nomads and the Thai Locals 

      With a unique natural scenery combined with the convenience of a cosmopolitan lifestyle, Chiang Mai has become a popular destination for families, couples and digital nomads to migrate to or live in recent years. Earlier, the Thai government implemented a policy which offers a 10-year residency visa to foreigners with assets worth over USD 1 million or an annual income of over USD 80,000 in the past two years along with additional privileges, in order to attract more people to make Chiang Mai their second home. What comes with a low living cost are full-range services, a cool climate, extensive infrastructure and multiple historical and cultural landscapes nearby, including Buddhist temples with various architectural styles. Its safety index is ranked 13th among its hundreds of competitors worldwide, which makes it a desirable destination for both residents and travellers, especially in light of the increasing emphasis of work-life balance nowadays. Chiang Mai’s transport network is also optimizing with the planned bullet trains from Bangkok and LRT (Light Rail Transit System) in Chiang Mai city, which will bring more convenient and efficient transport links to the city.

      Chiang Mai appeals to not only foreign visitors and expatriates but also local citizens. Every year, Buddhist believers flock to local temples throughout the city, with over 7 million domestic visitors recorded in 2018. Chiang Mai is easily accessible by inland flights, trains, night buses, etc. It takes as fast as just one hour and 20 minutes to reach Chiang Mai from Bangkok. Temples are seen all over Chiang Mai. To name a few, they have the 1300-year-old Wat Phra That Doi Kham, the locals’ favourite, the Doi Suthep, a symbol of Chiang Mai and the Wat Chedi Luang which is situated inside the old city.

      Post-pandemic Tourism Rebound Drives a Full Economic Recovery

      As the pandemic eases off, travel restrictions have loosened up in many countries. In 2022, Thailand’s tourist arrivals have already returned to a quarter of their pre-pandemic levels. Tourism is the major contributor to Thailand’s economy, accounting for 25% of the country’s GDP. Before the pandemic, the annual tourist arrivals in Thailand had reached 40 million, of which 1.27 million visited Chiang Mai. It is expected that Thailand’s tourism will recover tremendously in 2023, attracting at least 25 million tourists, hence maintaining its position as the best holiday haven in South East Asia and bringing Thailand’s economy back to its peak.

      Emerging Property Market Offers High Return | Paradise for Residents and Investors

      Chiang Mai, second largest city of Thailand, is one of the fastest-growing real estate markets in the world and is home to up to 30,000 digital nomads while is ranked one of world’s top travelling destination. ‘There is not much supply of similar properties in Chiang Mai. With an increasing number of digital nomads choosing to reside in the city, the demand for high-quality, fully furnished condominium is rising. THE BASE Height-Chiang Mai will hence bring forward remarkable residence options in the heart of Chiang Mai,’ said Mr. Frederick Ho, Managing Director & Partner of Ashton Hawks.  He further commented, ‘Many Hong Kong investors have since then seized the opportunity to invest in rising stars such as Chiang Mai especially buying from trusted developer with strong proven track record both in Thailand and international market, excellent after sales service like Sansiri Plc., expecting a lower capital threshold and a return that is double that of the local Hong Kong market.’ The gross rental yield of THE BASE Height-Chiang Mai is estimated at 7% p.a.*, outperforming other properties in the city due to its attractive location near Central Festival Mall

      Major Infrastructure Completion | Benefitting Chiang Mai’s property market

      The Thai government’s plans to expand Chiang Mai Airport, building the Second Chiang Mai International Airport, Chiang Mai Light Rail Transit and the Bangkok-Chiang Mai High-Speed Rail will benefit the property market’s constant development. ‘Multiple major infrastructure projects are due to gradually complete in 2024 and 2028. Chiang Mai is expected to become the fastest growing city in Asia and, with it, the fastest growing real estate market, attracting forward-thinking investors to purchase homes in Chiang Mai early and create more real estate dividends from the infrastructure,’ said Mr. Frederick Ho. 

      A Rare and Unique Residential Combining Convenience and Quality of Life

      THE BASE Height-Chiang Mai is proudly presented by Sansiri Plc, Thailand’s most trusted full-service property developer with the highest sales volume among Thai developers in international markets over 10 years. The project location is a mere 5-minute walk to the Chiang Mai’s biggest shopping mall, Central Festival Walk. It is also a 5-minute drive to the train station and a 20-minute drive to the Chiang Mai International Airport. For those who enjoy a variety of lifestyle and entertainment, it is a 20-minute drive to the local natural hot springs and a 35-minute drive to the golf resort, offering a combination of lifestyle, entertainment, and historical and cultural attractions. With the gradual completion of major infrastructure projects such as the Chiang Mai Light Rail Transit, the accessibility of the area will be enhanced further. The project offers a total of 630 units, ranging from 29.25 sq.m to 56.5 sq.m, with 1 to 2 bedroom, with an estimated average rental yield of 7% p.a.* Owing to the limited foreign quota, only 80 units are available for the Hong Kong pre-sales launch, and overseas residents are entitled to a freehold condominium with prices starting from HKD550,000.

      Ashton Hawks will exclusively pre-sales launch THE BASE Height-Chiang Mai in Hong Kong at 27/F, Park Lane Hotel, Causeway Bay on 11th & 12th March 2023. Interested parties please sign up the RSVP here or contact Customer Service Hotline 5226 1138

      About SANSIRI

      With over 39 years of experience, Sansiri is Thailand’s most trusted full-service real estate developer. With a workforce of over 4,000 employees, Sansiri has built more than 400 projects with over 5 million sq.m. throughout Thailand. Including a residential building in London, all with a strong emphasis on design and liveability. Sansiri provides comprehensive services covering wide range of segments from affordable premium to luxury that go beyond those of traditional developers: concierge services, property management, sales brokerage, and long-term resort rentals. Sansiri believes in constructing lives, not just buildings. Through its innovative products, after-sales, and concierge services, Sansiri offers its residents more than just a home; it presents them with a “way of life”. Sansiri is widely regarded as Thailand’s leading developer of quality houses, townhomes and condominiums. Constructing meticulously designed, well-made homes, it strives to continuously improve the quality of life of our residents. With its subsidiary companies Plus Property Agency, Quintessentially Concierge and Rental for the Holidays Lettings allow the group to fully attend to the needs of the customers all alongside.

      About Ashton Hawks

      Ashton Hawks was established by a group of renowned investment gurus and private collectors who laid the very foundation of the discerning Ashton Hawks, balancing luxury leisure lifestyle and investment. Our headquarter office is located in Hong Kong, with overseas branches in Bangkok and Vietnam. Ashton Hawks’ real estate portfolio is as diverse in style as it is in mega-estate location across the globe, and caters to luxury lifestyles of all kinds. Ashton Hawks takes pride in being a boutique yet original real estate consultant in the luxury market segment for the ultra-affluent.


      For media enquiries, please contact:

      Ashton Hawks Marketing Department

      Tel: (852) 2155 4421/5226 1138

      [email protected]


       Thai VISA and Property Investment Seminar 

        2023 VIP Event: Thailand Property Investment Outlook

        Sustained strong growth and a rapidly modernizing economy have turned Thailand into an upper middle-income country with a strong urban center. Yesterday our Managing Director and Partner Fred Ho delivered an overview of the Thailand economy and 𝐭𝐡𝐞 𝟐𝟎𝟐𝟑 𝐟𝐥𝐚𝐠𝐬𝐡𝐢𝐩 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐂𝐡𝐮𝐥𝐚, 𝐨𝐧𝐥𝐲 𝟑-𝐦𝐢𝐧 𝐰𝐚𝐥𝐤𝐢𝐧𝐠 𝐝𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐭𝐨 𝐁𝐓𝐒 𝐚𝐧𝐝 𝐌𝐑𝐓 𝐢𝐧 𝐒𝐚𝐥𝐚 𝐃𝐚𝐞𝐧𝐠.
        If you are interested in the property and want to know more about LTR VISA, please come to our exclusive events this weekend. 𝑹𝑺𝑽𝑷 ☎️5226 1138 | WhatsApp
        𝐁𝐚𝐧𝐠𝐤𝐨𝐤 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐒𝐞𝐦𝐢𝐧𝐚𝐫
        25 -26 FEB 2023 (Sat & Sun) |12noon- 7pm
        📍27/F, The Park Lane Hong Kong, Causeway Bay


        Contact Us

          2022 Team Building: Cycling

          Happy Cycling! We sweated and pumped up by the sunshine weather! Thanks for the companionship!


          Contact Us

            Kick Start of the Year

            Kung Hei Fat Choy! Chinese New Year is important in Asian culture. Here is our tradition of celebrating the start of the Rabbit year! The rituals always tie to good fortune ahead and blessings to all of us. Ashton Hawks is ready to welcome the Year of Rabbit, which symbolizes longevity, peace, and prosperity. We wish you and your family as prosperous as a rabbit.  More happenings will be announced! Stay tuned! 


            Contact Us

              2023 Team Building: Hiking

              What better way than to celebrate the CNY with a team-building hike? We had such fun hiking out in the wild, experiencing the joy of the outdoors. Definitely, a good vibe will be with us all this year. 


              Contact Us

                2023 Team Building: Beach Cleaning

                So much to share about the amazing work done by teams during the 30th day of the lunar month. We managed to collect loads of garbage that shouldn’t belong to the beach. Keep holding nature’s best interests in your heart. Gear up, power on, and leave no trace! ⁠ Outstanding teamwork!!


                Contact Us

                  Vietnam Real Estate Market Expected to Rocket

                  After the epidemic, Vietnam’s economy has recovered strongly, and property prices are expected to rise even more sharply than in 2022.


                  Vietnam’s gross domestic product (GDP) growth in 2022 can reach up to 8%, surpassing the target of 6.5%, according to Director General of the General Statistics Office (GSO) Nguyen Thi Huong.

                  Housing prices in Vietnam continued to rise in 2022 as low mortgage rates are one of the factors that boost housing demand. People typically look to buy a house for living or as an investment.

                  Assessing the real estate market in 2022, the director of a real estate business in Ho Chi Minh City, who declined to be named, said it became warmer in November and December after the government stabilized the macroeconomic situation. Particularly in the last month of the year, with the State Bank’s decision to raise the credit growth cap for banks by 1.5-2 percentage points, customers began to pay attention to real estate again.

                  “With the current lending interest rates of 11-12%, real estate or other investment channels will turn out bigger profit than bank deposits,” he said, noting that as property contributes greatly to the country’s GDP, if the market becomes frozen, it will certainly affect hundreds of other industries and the economy as a whole.

                  Becoming one of Apple’s main manufacturing hubs

                  Regarding market opportunities next year, he predicted that if the credit situation is positive, the segments of land plots worth below VND1.5 billion ($63,600) and apartments from VND2 billion ($84,800) will thrive. In particular, 2023 will be the year of segments that meet real demand.

                  Apple will begin producing some of its MacBook computers in Vietnam in 2023, according to a Nikkei Asia report Tuesday. The move reflects the tech giant’s push to expand its manufacturing beyond China, as it grapples with increased U.S.-China trade tensions and supply chain disruptions related to Covid lockdowns.

                  Besides, Nike, Adidas, Foxconn, Intel, Samsung, etc, have been expanding their presence in Vietnam, showing that the business and investment environment is still stable and has good growth potential.

                  51% of Nike Shoes are “Made in Vietnam”

                  Previously, CNBC quoted the financial report of Nike, a corporation specializing in sports products, saying that Vietnam’s shoe production for Nike will account for 51% of its global output, while this proportion is in China. dropped to 21%. In 2006, China made Nike shoes for 35% of its global production. Thus, Vietnam has officially surpassed China, becoming the main production base for this brand. Notably, even Indonesia has overtaken China as the market share of Nike shoe production in the country increased from 21% to 26% in the past 15 years.

                   To know more about oversea properties, please WhatsApp us