Posts Tagged ‘Bangkok’

If there had been optimism in the Thai property market, the global financial turmoil has swiftly turned the sentiment around. Most property markets around the world have been hit and Thailand is no exception. Worse, the domestic political turmoil and reports of recent unrest may have added to the worries of property investors. Indeed, ... Full story

Falling demand leaves developers with a large inventory of unsold units Bangkok may find itself with a significant oversupply of city condominiums located around mass-transit systems if demand tumbles next year once the impact of the global economic crisis strikes Thailand's economy. This was the message from property experts yesterday at a seminar entitled "Outlook for ... Full story

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

Thailand's property market is well insulated from the global financial crisis as it is far less dependent on debt than most property markets, said real estate firm CB Richard Ellis Thailand. Chairman David Simister, as a longstanding player in Thai real estate and resort property, said Thai politics had been troubled for over ... Full story

Lehman was a major Bangkok landlord The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand’s prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman’s global assets, listed at $639 billion as of May 31, include an ... Full story

Many multinationals looking to expand. Despite political uncertainty, Thailand remains an attractive destination for regional offices in Asia Pacific as international companies continue expanding business, according to Patima Jeerapaet, managing director of the property consultant Colliers International (Thailand). He said international businesses that continued investing and expanding ... Full story

Narai Phand site to be redeveloped. The American property billionaire Donald Trump will join in the investment and development of a new luxury retail plaza with Gaysorn Group on the four-rai plot that used to house the Narai Phand handicraft centre in central Bangkok. An industry source said Mr Trump flew to Bangkok last month to ... Full story

The Bangkok property market performed steadily during the first six months of 2008, especially considering political and economic constraints, according to data collected by CB Richard Ellis as part of its Market View Q2 2008 report. Three apartment buildings were completed in Q2 2008, raising total supply to 10,576 units, which represents growth ... Full story

Bangkok remains tremendously appealing to institutional property investors looking for international-standard office buildings but supply has been a limiting factor, said William Wilfong, CEO of Golden Land Property Development Plc. Apart from Sathorn Square, which Golden Land is due to complete in 2010, no office tower has been built in Bangkok since the Asian financial ... Full story

Prices are set to rise in the next couple of years, especially at the low end After being stagnant in the first half, the Thai property sector has witnessed substantial growth in the third quarter of the year, particularly in the luxury condominium and housing estate segments. Thai Real Estate Association president ... Full story