Archive for September, 2008

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Property ventures on track

Property ventures on track
Two property developers, Major Development Plc (MJD) and Ananda Development Co Ltd, have insisted that their joint ventures with the leading insurance firms AIG and Prudential are safe from the global financial crisis as the funds were raised in Asia. MJD president Suriyon Poolvoralaks said his ... Full story

Risk for prime office market

Risk for prime office market
Lehman was a major Bangkok landlord The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand’s prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman’s global assets, listed at $639 billion as of May 31, include an ... Full story

Wealthy buyers put plans on hold

Wealthy buyers put plans on hold
The country’s protracted political turmoil has had a negative impact on the luxury property market as investors and buyers hesitate to make decisions, says a broker who specialises in marketing high-end residences in Hua Hin, mainly to foreigners. ” has been so quiet ,” said Duangjai Kraus, managing director of Double 8 Realty ... Full story

Office market’s appeal undimmed

Office market’s appeal undimmed
Many multinationals looking to expand. Despite political uncertainty, Thailand remains an attractive destination for regional offices in Asia Pacific as international companies continue expanding business, according to Patima Jeerapaet, managing director of the property consultant Colliers International (Thailand). He said international businesses that continued investing and expanding ... Full story

A new tool for real estate buyers

A new tool for real estate buyers
Thailand’s property market is still on the rise and highly competitive. Advertisements for new real estate developments are everywhere, and with them are promises of freebies. While some projects offer free air-conditioners, televisions and furniture, others promise gyms, swimming pools and even nurseries. Often such promotional gimmicks are not referenced in the purchase ... Full story

Trump in venture with Gaysorn

Trump in venture with Gaysorn
Narai Phand site to be redeveloped. The American property billionaire Donald Trump will join in the investment and development of a new luxury retail plaza with Gaysorn Group on the four-rai plot that used to house the Narai Phand handicraft centre in central Bangkok. An industry source said Mr Trump flew to Bangkok last month to ... Full story

Law firm devises developer test

Law firm devises developer test
Scoring system can protect buyers The law firm Rene Philippe & Partners Ltd suggests property buyers check developers' credibility before signing deals that cause losses and legal troubles. Managing partner Rene-Philippe Dubout said the developer test compiled by the company was 90% accurate when tested on developers ranging from strong, ... Full story

Bangkok market resilient

Bangkok market resilient
The Bangkok property market performed steadily during the first six months of 2008, especially considering political and economic constraints, according to data collected by CB Richard Ellis as part of its Market View Q2 2008 report. Three apartment buildings were completed in Q2 2008, raising total supply to 10,576 units, which represents growth ... Full story

Koh Chang resort properties for sale

Koh Chang resort properties for sale
Harlequin Property has begun selling property at five-star Nirvana Beach Resort, a development situated on the north-western tip of Koh Chang inThailand. Nirvana is situated in a stunning location at the north western tip of the island of Koh Chang which is on the eastern side of Thailand. Surrounded by lush tropical rain forest it ... Full story

Property market in Phuket sees little fallout

Property market in Phuket sees little fallout
Despite the closure of Phuket International Airport for two days, real estate professionals on the island claim their business is unlikely to be affected because foreign buyers understand Thailand's political situation. Martin Phillips, based in Phuket as managing director of the upmarket residential brokerage Engel & Volkers (Thailand) Co, said no clients had postponed purchases ... Full story
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