Tag Archives | Thailand Property

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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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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Developers put off launches – Third-quarter results better than expected

The financial results of Thailand’s top 10 stock-exchange-listed property firms show continued growth in the third quarter of this year, despite a lengthy “quiet” period as home-buyers delayed the transfer of finished residences while waiting for the government to finalise its first-home stimulation scheme. Meanwhile, developers have opted to delay the launch of some new […]

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Show-stopping growth for Thai developers

Many developers in Thailand are holding back on development of certain properties due to the financial results of Thailand’s top 10 stock exchange listed property companies. The results showed growth in the third quarter. The better than expected financial result is not the only reason for delays. Developers are also awaiting the changes to labour […]

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Zero-interest loans a reality

The Government Housing Bank has announced plans to offer new home buyers an interest-free mortgage of up to THB1mn (US$32,082) for the first three years. The programme is aimed at low-income earners and can carry terms of up to 30 years. The GHB said it will set aside up to THB20bn (US$641.6mn) for the programme, […]

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Tesco Lotus property fund pitched

Tesco Lotus yesterday announced plans for an initial public offering (IPO) of a Thai property fund to be listed on the Stock Exchange of Thailand. With an appraised asset value of more than 14 billion baht, the fund would initially comprise 15 existing shopping malls, each anchored by a Tesco Lotus hypermarket, in prime locations […]

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