Archive for December, 2008

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The Lofts Southshore’s second tower launch

The Lofts Southshore's second tower launch
Despite the current global economic slowdown, luxury real estate developer Raimon Land remains committed to the long-term potential of the Thai property market with the launch of the 417-unit second tower at The Lofts Southshore in Pattaya Full story

TCC to fund all investments via cash flow

TCC to fund all investments via cash flow
TCC Land, the property arm of beverage tycoon Charoen Sirivadhanabhakdi, will expand its investments, both domestically and overseas, by nearly Bt4.5 billion in the coming year by shifting its focus to retail and hospitality business, deputy chief executive Soammaphat Traisorat said Full story

Property market likely to fall despite stimulus

Property market likely to fall despite stimulus
The property market is expected to experience a drop of 5-10 per cent in value next year as Thailand becomes caught up in the global financial crisis, say experts. Full story

Khao Yai Growing at top end

Khao Yai Growing at top end
Khao Yai, in Nakhon Ratchasima province, adjacent to the national park of the same name, has become a new target for property developers, who are expanding their investments in the area by launching luxury residential developments worth several billion baht Full story

Commercial market slide in office and retail rents has begun

Commercial market slide in office and retail rents has begun
Three international property agencies expect Bangkok's rental market to fall by 5 to 10 per cent next year when multinational firms begin to slash spending as their head office operations suffer under the impact of the global economic crisis Full story

Luxury project comes with plane-parking

Luxury project comes with plane-parking
Best Ocean Golf has earmarked up to Bt7 billion extra to expand development of an integrated-property project on 2,800 rai of land on Rama II Road in Samut Sakhon's Muang district. Full story

Property market recovery in 2011

Property market recovery in 2011
Thailand's property market cannot be expected to recover from the present slump until 2011, according to Aliwassa Pathnadabutr, managing director of international property agency CB Richard Ellis (Thailand). Full story

Developers urge the govt to double tax allowances for home-buyers

Developers urge the govt to double tax allowances for home-buyers
Property developers have called on the new government to increase the tax allowance for home-buyers from Bt100,000 to Bt200,000, as a means of directly increasing purchasing power next year at a time when consumers will be hit by the global economic downturn. Full story

Developers cut back revenue forecasts

Developers cut back revenue forecasts
Most of Thailand's property developers have revised their 2008 revenue forecasts downwards in the face of a depressed market that began to slide into difficulty several months ago. Full story

Leading players forge ahead despite gloom

Leading players forge ahead despite gloom
Despite the economic gloom, leading property firms are approaching 2009 in a mood of cautious optimism, with plans to launch new residential projects with a collective market value of nearly Bt100 billion, according to a survey by The Nation Full story
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