Thailand Real Estate Magazine

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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 511.36 million baht in consolidated net [...]

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, was knocked off a motorbike [...]

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 to Samma, a decline in exports [...]

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, said the failure to endorse the [...]

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 political problems intensified],” said Duangjai Kraus, [...]

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 from strong, listed firms to small, [...]

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 of 3.6 percent [...]

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 crash. [...]

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 Somchao Tanterdtham predicted the realestate [...]

Phuket’s property development boom is expanding to four small nearby islands with total project investments of around 20 billion baht