The operator of MBK shopping centre in the heart of Bangkok Siam area is turning its focus to property. MBK Plc plans to spend some THB2 billion (US$65.4 million) each year in the coming years to develop retail and property projects in Bangkok and upcountry. CEO Suvait Theeravachirakul said the new business venture will double [...]
Tag Archives | Bangkok Developers
Tax benefits questioned
The government’s housing incentive scheme will be unfair to low-income earners and discriminate against buyers of second-hand and self-built homes, which have as big a multiplier effect on the economy as new homes do, say industry executives. Since the incentives do not cover self-built homes, the Home Builders Association wants the government to refund the [...]
Tax deductions for up to half a million baht
Tax incentives for first-time home buyers will be submitted for the Cabinet’s approval today, Finance Minister Thirachai Phuvanatnaranubala said yesterday. He said the tax package would be expanded to cover homes priced up to Bt5 million, instead of Bt3 million as previously planned, because the government wanted to provide tax incentives for those seeking homes [...]
Uncertainty among Thai property developers
Rising construction prices and uncertainty over the government’s housing policy may affect the real estate sector significantly worry property developers. Thailand’s business outlook is generally bright due to high consumer confidence in the second half and the real estate sector will remain active as developers launch a number of new projects, but Therdsak Theveeteeratham, a [...]
Pruksa Real Estate Plc, Ariva Hospitality to offer serviced apartments
With an aim to clear unsold units, Pruksa Real Estate Plc has joined with Singaporean serviced apartment operator Ariva Hospitality to offer a rental programme to buyers of its high-end Ivy Thonglor condominium and future units. According to the Bangkok Post, Prasert Taedullayasatit said under the new programme remaining units will be more attractive for [...]
Jungceylon operator opening first Bangkok mall
The operator of the Jungceylon shopping centre in Phuket plans to open its first community mall in Bangkok in the first quarter of next year. The Mille Malle is being built on a one-rai plot on Sukhumvit Soi 20 at a cost of 300 million baht, said Pravit Janyasithikul, the CEO of Phuket Square Co. [...]
Developers oppose city plan
Bangkok has a new city plan designed to make the capital more liveable with a smoother traffic flow and faster fire response. However, developers are uneasy with some of the changes, which they complain will force low- and middle-income earners to live outside the city. The main disagreement voiced by some members of the Housing [...]
Under 1million Baht homes to see sales boost
Six-figure homes will sell like hotcakes after the Bt15,000 salary policy is implemented.”This will create a new market for residential projects priced up to Bt1 million,” Opas Sripayak, managing director of LPN Development, said yesterday.
Optimism for stronger market
The property market will benefit from political stability and the government’s policy of boosting demand in the first-home market in the second half of this year, according to property experts.
Investors unconcerned about bubble as Bangkok set to have new tallest tower
Despite fears of a bubble from some experts, Bangkok’s property boom continues and a new 77-storey tower could take over from the Baiyoke Tower as Bangkok’s tallest building. Expected to be completed in 2014, the MahaNakorn’s unique design will surely be a standout on Bangkok’s skyline, according to AFP.
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