Manakhon will be the tallest building in Thailand. The two joint-venture firms hold the hotel and retail assets of MahaNakhon, a luxury mixed-use project located on a nine-rai leasehold site near the Chong Nonsi BTS station in Bangkok, said Sorapoj Techakraisri, chief executive of Pace. Continue reading
Prospective home-owners looking for a townhouse designed in tropical style may find Baan Prin Ram-Indra-Watcharaphon, by Prinsiri, to their liking, with prices starting at Bt1.99 million per unit. Continue reading
Modern tropical and modern oriental are the design themes for 43 detached houses at the Baan Bussaba Tiwanon project, by home-building firm Four Pattana, which has diversified its business to undertake residential development. Continue reading
Last week we emphasised the importance of finding out everything you can about property before you buy. Continue reading
A number of Thai property developers have such confidence in continued upper-income demand for luxury homes that they are planning to launch big-budget residential projects catering to the higher end of the market. Continue reading
Reduce inventories, manage operational costs and generate more cash flow are the key strategies being adopted by Thailand’s leading property developers as they brace themselves for a tough year ahead. 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
Assets sold to TFUND at 8% discount. Ticon Industrial Connection Plc, a SET-listed developer of factories for rent, has trimmed its four-billion-baht revenue forecast for 2008 due to discounted prices for assets sold to its property fund. Ticon now anticipates total revenue of 3.7 billion baht for the year, said…Continue reading
Thailand’s property market is still on the rise and highly competitive. Advertisements for new real estate developments are everywhere, and with them are promises of freebies. While some projects offer free air-conditioners, televisions and furniture, others promise gyms, swimming pools and even nurseries. Often such promotional gimmicks are not referenced…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