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KS Fortune taps serviced apartments

KS Fortune taps serviced apartments
The property firm KS Fortune Co has invested more than one billion baht to offer Narathiwas Residence, a large-scale serviced apartment building in Bangkok. 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

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

Ticon cuts revenue forecast to B3.7bn

Ticon cuts revenue forecast to B3.7bn
Assets sold to TFUND at 8% discount. Ticon Industrial Connection Plc, a SET-listed developer of factories for rent, has trimmed its four-billion-baht revenue forecast for 2008 due to discounted prices for assets sold to its property fund. Ticon now anticipates total revenue of 3.7 billion baht ... Full story

Variety helps spice up Supalai results

Variety helps spice up Supalai results
Product diversification gives firm an edge Opinions vary on the impact that Thailand's protracted political turmoil has had on the real estate industry, depending on which property company one asks. Ask Supalai Plc, which posted very good results in the first three ... Full story

Banks urged to ease tight loan rules to help market

Banks urged to ease tight loan rules to help market
Commercial banks should loosen their home-loan approval conditions including income and employment requirements in order to help the property industry, suggests Atip Bijanonda, president of the Thai Condominium Association. Due to the global financial crisis, many banks in Thailand have tightened screening of mortgage applicants for fear of non-performing loans (NPLs), which is ... Full story

Impact of global woes limited so far

Impact of global woes limited so far
Low- and mid-priced segments still healthy Of the two storms currently hitting Thailand's property market, local political unrest has had a far greater impact than the global economic panic because most of the buyers are Thais who are affected more by events within their own country, according to Apisit Limlomwongse, managing director of Nexus Property ... Full story

Gaysorn expansion on hold

Gaysorn expansion on hold
Cost outlook good but economy a concern The developer of the Gaysorn complex will reconsider the timeline for its multi-billion baht residential and retail investment next to its luxury shopping centre due to economic uncertainties. Gaysorn Land Asset Management is reviewing the planned residential and retail project with 40,000 square metres and ... Full story

‘Greater Phuket’ may have its limits

'Greater Phuket' may have its limits
Developers pursuing visions of expanding Phuket's property market into neighbouring Phangnga and Krabi have run into regulatory problems that impede large hotel developments in Phangnga, says Ramesh K. Hamal, CEO of Green Heritage Group, the developer and marketer of the Serenity Terraces project on the island. Full story
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