TS-Fang launched as the first full-service Chinese-language property trading website, highlighting the most comprehensive Chinese real estate dictionary

Real Estate Press Releases Thursday August 9, 2018 09:20
Bangkok--9 Aug--Triple P Connection

TongThai Group Co., Ltd., under the management of three young startups and gurus in Chinese market, hosted an opening of TS-Fang website (www.ts-fang.com), the first Chinese website in Thailand that provides property information. With 30-million-baht investment, this full-service website aims to be a real estate dictionary for Chinese people via O2O platform, targeting at least 30,000 Chinese users a month.

Nattapong Lertwuthirak, co-founder of TongThai Group Co., Ltd., revealed the overview of Thai property market, which still enjoys continued growth. Thanks to several positive factors, Thailand has become China's main target for market expansion and the center of Southeast Asian countries. Therefore, a large group of Chinese investors buy up condominiums, causing the property-holding quota of 49% to reach the limit. Many Chinese, Hong Kong people, and Taiwanese would like to purchase property and land in Thailand. However, Thai law allows only foreign juristic person, not individual, to buy or own land. To avoid this complication, most Chinese investors purchase condominiums because of attractive price. Down payment is also much smaller than China, which requires 50-60% down payment. Furthermore, they can purchase property in Thailand on freehold. Currently, the prime locations eyed by most investors, especially Chinese, include Ratchada, Rama 9, Sukhumvit, Silom, and Sathorn. The price per unit Chinese people are willing to pay is five million baht on average. Interestingly, Chinese market responds well to rising condominium price and hi-end condominiums become more popular in the market.

Tiensak Thamcharonkij, co-founder of TongThai Group Co., Ltd., said, "TS-Fang website (www.ts-fang.com), the first Chinese-language property website in Thailand, aims to serve as a dictionary and center for real estate investors, both Chinese expats in Thailand and Chinese who work in their home country. It will also be a database providing information on Thai property in big cities such as Bangkok, Pattaya, Hua Hin, Chiang Mai, and Phuket, which are in high demand. The company's business strategy focuses on O2O (Online to Offline) platform, which combines online and offline business. This is also one of Chinese government's strategic policies that rapidly and perfectly responds to the behavior of Chinese consumers."

The target groups are categorized into agencies and property owners while the users are divided into Chinese expats who work and live in Thailand and Chinese investors residing in their country. The website aims to attract at least 30,000 users a month. All target groups will be in tier one, namely Beijing, Shanghai, Guangzhou, Hong Kong, Singapore, and Malaysia.

"TS Fang website (www.ts-fang.com) provides a full scale of information on property, houses, new condominiums, and second-hand houses. In the near future, the users will be able to search for condominiums on lease. The website therefore needs continued improvement to become the comprehensive real estate dictionary for Chinese or Thai people who can speak Chinese. From 2016 to 2018, the company spent 30 million baht or 10 million baht a year on system development because it believed that a good dictionary must provide comprehensive information that truly serves the needs of investors," concluded Mr. Tiensak

Latest Press Release

Ministry of Industry honors Gyproc with Green Mining Award 2018

Thai Gypsum Products Public Company Limited's industry-leading Bang Pa-In manufacturing facility was recently honored by Thailand's Ministy of Industry for its innovative ways of helping to tackle the environmental issues challenging our world today. In...


Raimon Land Public Company Limited, Thailand's leading luxury real estate developer, announced that it has achieved a combined first week pre-sales of 4.6 billion baht for two new projects, "The Estelle Phrom Phong" and "Tait 12". The combined pre-sales...

SCG showcases innovative Floating Solar Farm at the Asia Clean Energy Summit Conference 2018 in Singapore

Chemicals Business, SCG, showcases the innovative "Floating Solar Farm" as the first integrated solution in Thailand at the Asia Clean Energy Summit Conference & Exhibition 2018 from the 31st of October to the 2nd of November in Singapore. Dr....

ICONSIAM opens first-in-Thailand riverside floating museum #Sri Mahasamut Ship in celebration of Krung Thonburis 250th anniversary

- Get excited with the ancient ship coming to life once again for the public to observe different areas on board which tell historical accounts using advanced techniques to immerse visitors in virtual past - Showcases the life and legacy of King Taksin...

Ananda Development PCL announces third quarter profits up 593% on previous year and 67% up on previous quarter. Delivers all-time high transfers for the quarter at 11.8 billion Baht, an 267% increase on previous year.

Ananda Development Public Company Limited announces strong net profit performance in the third quarter of 976 million Baht, an increase of 593% over the same quarter of 2017 and 67% on the previous quarter mainly driven by share of profit (loss) from...

Related Topics