Archive for April, 2009

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Foreigners shun new property

Foreigners shun new property
New investment in Thailand this year will come mainly from local investors as foreigners might focus on their current holdings and on their home countries, according to the international real estate firm Jones Lang LaSalle (JLL). Full story

Chong Nonsi lures developers

Chong Nonsi lures developers
Locations on Narathiwat Ratchanakharin Road and Silom Road near the Chong Nonsi BTS station are becoming hot with three new property projects scheduled for future development with a total value of at least 30 billion baht. Full story

Stephen Michael Carleton

Stephen Michael Carleton
Stephen Michael Carleton, a resident of Pattaya for the past 15 years, died in his sleep on April 22, 2009, aged 43. Full story

Modern tropical – a greater affinity with the outdoors

Modern tropical - a greater affinity with the outdoors
Adjusting its housing designs to reflect demand for a "younger" lifestyle, Preuksa Real Estate has revealed plans for a detached house project under the brand Preuksa Village Delight designed along "modern tropical" lines. Full story

Office rents to fall 10% in 2009

Office rents to fall 10% in 2009
Bangkok office rents and occupancy rates will contract by 10% in 2009 due to decreasing demand, new supply and major tenant relocations, says the property consultancy Colliers International Thailand. Full story

The direct approach

The direct approach
Property developers are turning increasingly to direct approaches to stimulate real demand in the economic downturn, with more selective and effective marketing channels beyond mainstream and traditional ones. Full story

Andara expects to glide through economic gloom

Andara expects to glide through economic gloom
Developer Allan Zeman is counting on an upscale clientele to claim the choice properties at Phuket's Andara Resort & Residences Full story

Property fair a victim of turmoil

Property fair a victim of turmoil
Worsening market sentiment in the aftermath of the Songkran political riots has caused the postponement to October of a property fair scheduled for next week by Knight Frank Chartered (Thailand). Full story

Foreign property demand could fall 50%

Foreign property demand could fall 50%
Foreign demand for Thai property will collapse in the aftermath of the Songkran protests, property experts say. They say the government needs to implement measures to spur foreign demand, such as increasing maximum lease terms, having 100% foreign ownership zones for condominiums, providing financial support for foreign buyers, and issuing longer visas. Full story

Market Hinges on Unknowns

Market Hinges on Unknowns
Supalai Plc chairman and CEO Prateep Tangmatitham says there was clearly a negative influence on the property market from November last year to January 2009, when political confrontation reached boiling point, and he expects this year's performance to hinge on political stability as well as economic recovery. Full story
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