Pattaya’s real estate and tourism markets will grow by 5% and 10%, respectively this year, regardless of the political situation, says Jugkarut Ruangratanakorn, vice-president of Ratanakorn Asset Co Ltd, a property firm in the seaside resort city. The Pattaya real estate market slowed last year and will remain sluggish in…Continue reading
Prime Nature Group may face hard times after its chairwoman, Sunattee Nerng-chamnong, was shot dead on Sunday, real estate industry sources said yesterday. The residential development firm was managed by “Khun Sunattee” herself, a source said. Her two daughters and son are still young, a property expert said. The company…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
Homebuyers warned to investigate developers’ ability to deliver their products. Some of Thailand’s property and construction firms are beginning to face the negative impacts of the global economic crisis, with commercial banks restricting both project loans and mortgages, property experts say. “We are now seeing some property firms delaying their…Continue reading