Posts Tagged ‘credit crunch’

Clouds form on the SKYLINE

Clouds form on the SKYLINE
Unstable politics and tighter credit have hit the local market hard in the latter half and no end to the gloom is in sight. But this acid test will leave the industry in better shape than ever, with only truly tested warriors the last men standing Full story

Banks tighten up project financing and mortgages

Banks tighten up project financing and mortgages
Homebuyers warned to investigate developers' ability to deliver their products. Some of Thailand's property and construction firms are beginning to face the negative impacts of the global economic crisis, with commercial banks restricting both project loans and mortgages, property experts say. "We are now seeing some property firms delaying their payment of construction fees ... Full story
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