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 [...]

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 managing director Virapan Pulges.
This is largely due [...]

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 in the purchase agreement. So what [...]

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, [...]

Harlequin Property has begun selling property at five-star Nirvana Beach Resort, a development situated on the north-western tip of Koh Chang inThailand.
Nirvana is situated in a stunning location at the north western tip of the island of Koh Chang which is on the eastern side of Thailand. Surrounded by lush tropical rain forest it is [...]

Political instability in Thailand and a global economic slow-down have failed to curb Phuket’s booming property industry, according to a report in The Nation newspaper.
Quoting sources from several top real estate agencies, the report claims that Phuket’s strong tourism market is providing the boost needed to counter a slowing national economy.
Phuket remains an attractive retirement [...]

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

The Phuket property market is expected to show strong growth despite political instability and slower economic growth in Thailand, research by property agencies showed.

Land prices on Patong Beach in Phuket now reach 100 to 200 million baht per rai (250,000 to 500,000 per square wah), showing strong demand from high-end buyers

Sales of luxury property in Thailand remain buoyant despite global concerns, according to CB Richard Ellis, the leading international property consultants in Thailand.