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Archive | Construction

SCG chief sees only short-term Impact on economy from floods

Siam Cement Group (SCG), the country’s largest industrial conglomerate, foresees disruption from the severe flooding to affect the Thai economy in the short term, however it expects the recovery to be faster than some analysts have predicted. “I read some analysis, which said that |the Thai economy will recover in the final |quarter of next […]

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SENA goes golfing

Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post. The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million). The decision […]

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Ch Karnchang gears up for billions’ of contracts

Ch Karnchang, the country’s second-largest construction company, is ready to take on Bt50 billion to Bt60 billion worth of post-flood work. Chief executive officer Plew Trivisvavet said yesterday that after all flood waters have been mopped up, old infrastructure such as roads would need to be repaired while new infrastructure, such as roads, buildings and […]

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Thailand’s expats get duped in purchasing property

Residential sales to expats in Pattaya and Phuket plummeted after a Swedish television show alleged that Swedes have been swindled in property purchases. According to the television show, the Swedes had paid for their villas but hadn’t received the keys to their properties. Andrew Dummond’s website outlines a case against three men, who according to […]

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Pruksa slashes targets for 2011

Leading property firm Pruksa has lowered its revenue target for this year by Bt7-Bt8 billion from Bt30 billion, taking into account the negative impact of the floods in the current fourth quarter. The company’s presales target has also been dropped to Bt30 billion from Bt42 billion, Pruksa president and chief executive officer Thongma Vijitpongpun told […]

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Atlantis Resort Pattaya unveiled

Pattaya’s largest resort condominium project was unveiled on Saturday night at the launch party held at the Centara Grand Ballroom at Wong Amat, Pattaya. The Mayor of Pattaya, Khun Ittipon Khunpluem, cut the ribbon to reveal the giant model of the project, he went on to welcome Blue Sky’s commitment to Pattaya, and praised the […]

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Thai floods create demand for short-term rentals in Hua Hin

Sansiri’s property management unit Plus Property Co Ltd has been approached by over 150 Thai clients in late October when the floods approached the capital, applying for short rental contracts in the resort city of Hua Hin. The units that have been shown most interest are those for a stay of under 3 months, with […]

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Demand for low-rise homes expected to drop

DBS Vickers Securities (Thailand) said the flood crisis would chiefly affect Property Perfect, Land & Houses, Quality Houses and Pruksa Real Estate, which have low-rise developments in those areas. Meanwhile, LPN Development could benefit the most, given that fears of severe floods recurring in Bangkok in the future could sway demand towards condominiums in the […]

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Floods may see shift in Bangkok residential market

For Bangkok condominium developers, every sky has a silver lining. While the condominium market has severely curtailed in Q3 following widespread floods and the ongoing doubts regarding the government’s policy regards to incentives for first home buyers, experts foresee a strong comeback once the floods have receded and the government’s policies are properly in place. […]

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Restructuring Ratchada

New business and luxury residential locations are springing up in Bangkok and investors are wasting no time in buying up the land. Ratchadaphisek Road is attracting companies such as American International Insurance (AIA) and the Thailand Stock Exchange. The construction of new offices on the north-south strip has a market value of THB80 million (US$ […]

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