Archive for November, 2008

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Foreign investor interest in Thai property weakening

Foreign investor interest in Thai property weakening
The global financial crisis is affecting the Thai property market as a Singaporean investor just withdrew an investment in a project on Sukhumvit Road, said Patima Jeerapaet, managing director of the property consultant Colliers International Thailand. Full story

Supalai upbeat on middle market growth

Supalai upbeat on middle market growth
Supalai continues to be optimistic about the property market next year and plans to launch 12 residential projects in 2009 with a market value of nearly Bt16 billion, its president, Prateep Tangmatitham, said this week. Full story

Real estate loses billions

Real estate loses billions
The Suvarnabhumi Airport shutdown has scared away potential foreign investors and buyers in the property market, causing billions of baht worth of damage, according to Patima Jeerapaet, managing director of the property consultant Colliers International Thailand. Full story

Pattaya seeing a slowdown as supply jumps significantly

Pattaya seeing a slowdown as supply jumps significantly
Pattaya is currently witnessing a slowdown with a very significant volume of new supply entering the market in 2008 and a lot more in the pipeline for 2009, says Robert Collins, managing director of Savills (Thailand) Limited. Full story

Escrow offers new level of protection

Escrow offers new level of protection
The Escrow Act B.E. 2551 is not yet compulsory but it can be an important tool to protect consumers, build homebuyers' confidence and raise developers' standards. The act, which took effect on on May 21 this year, covers not only property but also all kinds of assets for which specific delivery schedules exist. This property-buyer ... Full story

Branded developments propel Samui upmarket

Branded developments propel Samui upmarket
Three branded developments and a successful condominium project have propelled Samui to the high-end realm of the market while still maintaining its boutique appeal, says David Simister, chairman of CB Richard Ellis Thailand. Full story

Local equilibrium a healthy sign

Local equilibrium a healthy sign
Few signs of a US-style property bubble as supply matches demand and pricing is rational. Asset price inflation and soaring US property prices over the past decade certainly represent one major factor behind today's global economic crisis. Could it happen again in Thailand? After all, the 1997 Asian economic crisis offers many parallels to today's situation, where low interest rates, lax lending practices and a mismatch in ... Full story

Clouds form on the SKYLINE

Clouds form on the SKYLINE
Unstable politics and tighter credit have hit the local market hard in the latter half and no end to the gloom is in sight. But this acid test will leave the industry in better shape than ever, with only truly tested warriors the last men standing Full story

Building on a rock-solid reputation

Building on a rock-solid reputation
A star in its own right, Hua Hin continues to make its mark as a prime resort for all nationalities. Hua Hin and its surrounding seaside destinations - from ... Full story

Japanese agent taps rentals

Japanese agent taps rentals
Strong Japanese demand for rental condominiums has prompted the Japanese property agent Siam Kotobuki Co Ltd to move into property development, with the launch of a 600-million-baht building in Soi Thong Lor 25, said managing director Seita Hagiwara. Over its 15 years in the housing agency business, the ... Full story
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