A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s ever-changing skyline, already transformed by a construction boom that has raised fears of a property bubble. Variously described on Internet forums as looking “like it has been eaten by giant termites” and reflecting “the chaos of…Continue reading
In every established property market, the super prime properties are a segment on their own. Super prime properties do not follow the mass market, neither do the super rich buyers whose criterion and judgement are far removed from the general market trends. London, for example, clearly reflects this. While the…Continue reading
Thailand’s luxury property developer Raimon Land has awarded the THB 2.4 billion (US$79.3 million) building contract for its 185 Rajadamri condominium project to Bouygues Thai, the local subsidiary of leading international construction firm Bouygues. Bouygues Thai will be responsible for the overall building construction including the management of sub-contractors for…Continue reading
The real estate market in Bangkok is largely dominated by domestic buyers as various restrictions on foreign investment is ensuring that they stay away, according to a new analysis. There were no significant income producing property transactions in Bangkok during the fourth quarter of last year and yields did not…Continue reading
CB Richard Ellis Thailand says that the demand from developers for well located plots of land, especially in the centre of Bangkok and along mass transit routes, will remain strong this year. Kulwadee Sawangsri, executive director and CBRE’s Head of the Investment and Land Services, said developers looking to launch…Continue reading
2010 represented a record number of launches, dwarfing the figure for 2009 according to the latest Bangkok condominium market report from Colliers International Thailand (CIT). In Q4 2010 alone, over 20,000 units were launched for the whole of Bangkok, including the suburbs, while a total of newly launched condominiums for…Continue reading
The economic crisis has shaken the West’s confidence and the fact that the economies of China and India are growing by 10% and 9% respectively, compared with 3% for America and 2% for Europe, goes somewhere to demonstrate that shift happens. At the end of last year, The Economist published…Continue reading
Quality Houses Plc (QH) is aiming for 15-20% growth this year, planning to launch 22 new housing projects worth a combined 28.6 billion baht, including developments in new locations including Rayong and Cha-am. However, CEO Rutt Phanijphand admits he is keeping a wary eye on political developments. Like many businesses,…Continue reading
Oversupply fears will slow the Thai property market for a couple of months before positive sentiment will resume next year, according to local developers. Mayta Chanchamcharat, Director and Chief Business Officer of Pruksa Real Estate said concerns about a possible property bubble in Bangkok and the Bank of Thailand’s announcement…Continue reading
With both profits from property development and demand for precast low-rise units growing, the listed contractor Pre-Built Plc will expand its investment in two businesses for targeted annual growth of 30%. The company has earmarked one billion baht for land on which to develop three new condominium projects next year…Continue reading