Story perspectives

Luxury Property Surge Highlights Southeast Asia's Wealth Divide

12/13/2025

48 6

Summary

Story summary

Wealthy clients drive demand for luxury properties in Bangkok and Manila, signaling a gulf in Southeast Asia's real estate market.
Charoen Kijvekin, an asset manager with JZD Asset Management, serves debt-stricken Thais seeking repossessed homes.
His firm offers loans to bank-rejected clients and buys repossessed homes at auction for resale to former owners at rates.
The pattern shows a widening gap between the affluent and financially distressed residents.

1 of 1

Story summary

Wealthy clients drive demand for luxury properties in Bangkok and Manila, signaling a gulf in Southeast Asia's real estate market.
Charoen Kijvekin, an asset manager with JZD Asset Management, serves debt-stricken Thais seeking repossessed homes.
His firm offers loans to bank-rejected clients and buys repossessed homes at auction for resale to former owners at rates.
The pattern shows a widening gap between the affluent and financially distressed residents.