The slowing residential market has prompted property consultancy Savills (Thailand) to reposition its business, shifting its focus towards recurring income from property management while resuming overseas marketing of Thai luxury homes after a six-year hiatus.
Prapaporn Boonkajornkul, deputy managing director, said the company's strategy has evolved alongside changing market conditions, with residential brokerage becoming more selective as domestic demand slowed, while industrial and property management businesses expanded.
