Archive for April, 2008

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Massive Nordic boom set to hit resort towns

Massive Nordic boom set to hit resort towns
Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in ThailandScandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand). Full story

Pure Luxury for Scandinavians

Pure Luxury for Scandinavians
The real estate tycoon from Norway, Arne Hvidsten, has a dream. He’s building extraordinary holiday apartments at Jomtien Beach and wants it to be the most amazing holiday resort in Thailand. And on top of it he hopes it will become a luxury colony for Scandinavians. Full story

Sansiri looks to develop more high-end housing projects

Sansiri looks to develop more high-end housing projects
The listed developer Sansiri Plc (SIRI) plans to develop 300 units of high-end single houses worth 5.4 billion baht next year with an investment of around 800 million baht for new land plots in the Srinakarin, Ekamai-Rarm Intra and Kallapapruek areas, says Samatcha Promsiri, the company's assistant vice-president for marketing. Full story

Top Property Investment Hotspots

Top Property Investment Hotspots
Despite the fears of a global market slowdown caused by what many analysts are already calling a recession in the U.S., the overseas property investment sector continues to flourish. While David Stanley Redfern Ltd research into overseas property markets is ongoing, their 2008 research is finally at a point where they are willing to present their top investment destinations and the reasons why. Full story

Infinity Heights Apartments

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Pattaya Heights Residence

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Property sector looks set to prosper in 2008

Property sector looks set to prosper in 2008
Market buoyed by profit potential, removal of 30% requirement. Foreign investors are expected to invest up to Bt70 billion in the Thai property sector this year, following the lifting of the Bank of Thailand's 30-per-cent capital reserve requirement. Full story

Developers return to Koh Samui

Developers return to Koh Samui
Builders to resume work on projects as government dispels uncertainty about FBA. The Koh Samui property market is poised to stage a recovery this year, following the government's decision to relax the Foreign Business Act (FBA), says property expert Pisarn Tangkasombat. Full story

Hilton Hotels Corporation to manage Hilton Pattaya

Hilton Hotels Corporation to manage Hilton Pattaya
Hilton Hotels Corporation announced that its subsidiary has signed an agreement with CPN Pattaya Beach Co. Ltd (a subsidiary of Central Pattana Public Company Ltd) to manage the Hilton Pattaya, a 300-room upscale full service hotel in the beginning of 2010. Koos Klein, Area President, Hilton Hotels - Asia Pacific commented, "With its rich diversity of culture, climate and topography, Thailand continues to be an ... Full story

Amendments to protect home-buyers

Amendments to protect home-buyers
Even as Thailand's popularity as a tourist destination has seen steady growth over recent years, the number of foreigners looking to invest in real estate has also gone up. This is evident from the many new condominium projects being developed not only in and around Bangkok, but also in popular beach-front areas of Hua Hin and Phuket. Full story
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