Two years of shoring up finances, restructuring and refining focus begin to pay off for luxury property developer. Raimon Land Plc, the listed luxury property developer, has spent the past two years addressing its financial problems, restructuring, refocusing its market and adjusting its business direction and strategy. The move seems…Continue reading
The property market is expected to experience a drop of 5-10 per cent in value next year as Thailand becomes caught up in the global financial crisis, say experts. Continue reading
Medium-sized property firm Kanda Property has revised downwards its sales target for 2008, from Bt800 million to Bt750 million, following a significant drop in demand for residential projects in the first ten months of this year. Continue reading
The global financial crisis is affecting the Thai property market as a Singaporean investor just withdrew an investment in a project on Sukhumvit Road, said Patima Jeerapaet, managing director of the property consultant Colliers International Thailand. Continue reading
Commercial banks should loosen their home-loan approval conditions including income and employment requirements in order to help the property industry, suggests Atip Bijanonda, president of the Thai Condominium Association. Due to the global financial crisis, many banks in Thailand have tightened screening of mortgage applicants for fear of non-performing loans…Continue reading
Cost outlook good but economy a concern The developer of the Gaysorn complex will reconsider the timeline for its multi-billion baht residential and retail investment next to its luxury shopping centre due to economic uncertainties. Gaysorn Land Asset Management is reviewing the planned residential and retail project with 40,000 square…Continue reading