The Israeli real estate company Industrial Buildings Corporation Ltd (IBC) is optimistic the Thai property market will fully recover by the end of next year, says chief executive Dalit Braun. Market sentiment has improved since early this year when the company and its Thai partner, Pace Development, formed a joint…Continue reading
Cash-rich early birds are investing in condominiums for attractive returns at a time of low deposit interest rates, says Kittisak Jumpathippong, chief executive of the property consultant Century 21 Realty Affiliates (Thailand) Co Ltd. “No business generates higher margins than property,” he said. “The situation now is like in 2000-01…Continue reading
Bank restrictions stymie small developers – customers lodge complaints with Department of Special Investigation Continue reading
Difficult economic conditions tend to lead to imaginative ways of making money. An interesting example is the attempt by the property agency Engel & Volkers Thailand to get developers to diversify and become its licensed property agents. Continue reading
The property developer Ananda Development Co Ltd yesterday launched the 2.7-billion-baht Ideo Morph 38 condominium to tap demand in the Sukhumvit-Thong Lor area, where the supply of new units is scarce, said president and chief executive Chanond Ruangkritya. Continue reading
Bangkok’s residential development spotlight has shifted to the city’s northeastern suburbs, where under the pressures of changing consumer demand in the current tough economic climate, property developers are rushing to compete on what they see as the city’s most promising location. Continue reading
uxury residential and villa projects in Hua Hin have begun aggressive marketing campaigns following a 30-per-cent drop in buyers – both domestic and foreign – in the first quarter of this year, compared with the first quarter of 2008. Continue reading
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. Continue reading
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…Continue reading
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…Continue reading