The housing market slowed a bit in 2009 but will require some scrutiny in the months ahead to prevent an oversupply. Agency for Real Estate Affairs, the largest real estate information and valuation centre in Thailand, just released a survey on its outlook for the housing market for the Bangkok…Continue reading
Because of some of the problems that have come up lately it has become apparent to us that some simple rules need to be conveyed to anyone considering purchasing property. Continue reading
The listed developers Sansiri Plc and Asian Property Development Plc have both reported a surge in net profit in the third quarter due to the delivery of more condominium units to buyers while Golden Land Property Development posted a loss which it blamed on market volatility and uncertainties. Sansiri reported…Continue reading
A single page of reports from Thailand’s seaside resort of Pattaya made grim reading in a recent edition of the local newspaper. A one-legged Finnish lawyer was stabbed to death when he caught his mistress’s real boyfriend robbing his apartment. A scantily clad Thai woman, with an Englishman riding pillion,…Continue reading
Thailand’s Real Estate Investment Centre (REIC) has released a report advising developers to downsize residential projects in anticipation of a drop in demand in 2009. REIC director-general Samma Kitsin expects Thailand’s property market will soon start to feel the effects of the widening financial turmoil and slowing global economy. According…Continue reading
Real estate developers targeting foreign buyers, especially those in tourist destinations, may need to adjust their business plans to make their products appeal to a wider group of potential customers, according to executives. Udorn Olsson, managing director of Para Development Co, the developer of Panorama Pool Villa in Hua Hin,…Continue reading
The country’s protracted political turmoil has had a negative impact on the luxury property market as investors and buyers hesitate to make decisions, says a broker who specialises in marketing high-end residences in Hua Hin, mainly to foreigners. ”[The property market in Hua Hin] has been so quiet [since the…Continue reading
Scoring system can protect buyers The law firm Rene Philippe & Partners Ltd suggests property buyers check developers’ credibility before signing deals that cause losses and legal troubles. Managing partner Rene-Philippe Dubout said the developer test compiled by the company [see chart] was 90% accurate when tested on developers ranging…Continue reading
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,…Continue reading
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…Continue reading