Movement at the High-End of the Market
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Mr Neilsen perceives the outlook for the Bangkok market to be very mixed, with demand being very weak at the moment while there is overcapacity. Continue reading
Tag Archives: global economic crisis
Soi Thonglor defies economic gloom
Surrounding the two-kilometre stretch of Soi Thonglor (Sukhumvit 55), between Sukhumvit and Phetchaburi roads, no fewer than seven luxury condominiums with a combined market value of about Bt20 billion are climbing toward their place in the city’s skyline. Continue reading
Middle-income group will keep buying
Property firm Supalai is confident of continued growth in demand for houses from middle-income earners, despite the global economic malaise. Continue reading
Economic woes not the main concern
Sansiri’s president, Srettha Thavisin, is confident in the face of economic gloom – confident mainly in the strength of the managements steering the Thai private sector. Continue reading
TCC to fund all investments via cash flow
TCC Land, the property arm of beverage tycoon Charoen Sirivadhanabhakdi, will expand its investments, both domestically and overseas, by nearly Bt4.5 billion in the coming year by shifting its focus to retail and hospitality business, deputy chief executive Soammaphat Traisorat said Continue reading
Khao Yai Growing at top end
Khao Yai, in Nakhon Ratchasima province, adjacent to the national park of the same name, has become a new target for property developers, who are expanding their investments in the area by launching luxury residential developments worth several billion baht Continue reading
Commercial market slide in office and retail rents has begun
Three international property agencies expect Bangkok’s rental market to fall by 5 to 10 per cent next year when multinational firms begin to slash spending as their head office operations suffer under the impact of the global economic crisis Continue reading
Property market recovery in 2011
Thailand’s property market cannot be expected to recover from the present slump until 2011, according to Aliwassa Pathnadabutr, managing director of international property agency CB Richard Ellis (Thailand).
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Supalai upbeat on middle market growth
Supalai continues to be optimistic about the property market next year and plans to launch 12 residential projects in 2009 with a market value of nearly Bt16 billion, its president, Prateep Tangmatitham, said this week. Continue reading
Local equilibrium a healthy sign
Few signs of a US-style property bubble as supply matches demand and pricing is rational. Asset price inflation and soaring US property prices over the past decade certainly represent one major factor behind today’s global economic crisis. Could it happen again in Thailand? After all, the 1997 Asian economic crisis…Continue reading