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 [...]
Tag Archives | Thailand Developers
Bangkok’s ‘farangs’ target lower and mid-priced properties
While the luxury real-estate market in Bangkok has fallen for the second quarter of this year due to the global market turmoil, the recent extension of the Thai capital’s skytrain lines is opening new investment options for expats. The market jitters and fears of a looming ‘double dip’ have fueled a trend to ditch the [...]
Raimon Land Plc announces new ‘hip’ brand
Raimon Land Plc today announced plans for the launch of a new condominium brand targeted at young professionals. The company also announced sales performance, backlog status and financial results for the first half of 2011. Traditionally exclusively a high-end property developer, Raimon Land announced plans to increase overall market share in terms of sales and [...]
Slow stock markets help fuel Asian real estate boom
While stock markets the world over continue their bearish ways, real estate is becoming an increasingly attractive form of investment. In Asia, the market has seen major growth recently, and industry experts anticipate the expansion to continue into the future, according to Property Wire.
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.
Proximity to Bangkok, world class amenities drive Pattaya boom
Foreign and Thai buyers alike are flocking to the beaches of Pattaya, snapping up condominiums and giving the local real estate market a needed boost. As the closest beach to the capital of Bangkok and boasting top of the line amenities, the beachside city will only continue to grow in the near future, according to Property Wire.
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.
Sansiri looking to build in luxury market
As new low-rise supply in the mid- to high-priced market is very limited, the listed developer Sansiri Plc (SIRI) will launch three-storey single houses priced over 10 million baht and four-storey townhouses priced 19 million baht this quarter.
Appraised prices to rise by 15-30% in next revision
Land appraisal prices in Bangkok will rise 15-30% on average in the next revision to take effect next year while condominium valuations will rise 15%, according to the Treasury department.
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