Jones Lang LaSalle (JLS) has announced that it has entered into an agreement to manage The Pelican Krabi, a prime resort development by Perry Group International. The agreement is JLS’s first property management contract in Krabi and marks the fast growth of the firm’s property management business in Thailand
The Thai property sector has seen only marginal growth during the political crisis of the last six years, and while domestic and international economic realities always play a large role in shaping the property market, the situation in Thailand is truly remarkable. A new government that could bring true stability would be an important first [...]
The Pattaya, Thailand property market is growing in popularity and more big developers are expanding their investments in the area, The Nation newspaper has reported. Listed developer LPN Development is a new name in the resort town market. The company recently launched its first condominium project in Pattaya called Lumpini Condotown North Pattaya-Sukhumvit, a THB1.2 [...]
The Thailand division of property services firm Jones Lang LaSalle has pointed out a growing concern over the potential negative impact of the Thai baht’s appreciation on the country’s real estate sector. According to Jones Lang LaSalle Thailand’s managing director Suphin Mechuchep, sectors including Bangkok high-end condominiums and resort properties in key holiday destinations like [...]
Investments in Bangkok’s property sector were robust in the first half of 2010 despite protests that paralyzed parts of the capital and ended in a looting and arson rampage, a leading property broker said Tuesday. “For the past six months, investment activity in the Bangkok property market was buoyant,” said Umpon Thepnumsommanus, director of investment [...]
While rental yields may seem moderate in the current economic climate, continued low interest rates are likely to ensure market stability as property remains the favoured investment. Interest rates play a complex role in the property market. On the one hand, they help set the price of property by dictating the affordability of mortgage repayments. [...]
While economic difficulties are affecting many aspects of the property industry, Bangkok’s rental-house business is growing rapidly, because among other things, it generates high returns on investment.
Property players in Phuket are acknowledging the impact of fresh political turmoil in Thailand and the global recession and downgrading their expectations of a recovery from the third and fourth quarters of this year to 2010.
New investment in Thailand this year will come mainly from local investors as foreigners might focus on their current holdings and on their home countries, according to the international real estate firm Jones Lang LaSalle (JLL).
Thai real estate prices will not tumble as they did in the post-1997 economic crisis period as there will be no forced sales, says Suphin Mechuchep, managing director of property consultant Jones Lang LaSalle (Thailand).
The Thai government’s economic stimulus package is expected to help boost property trading activities in the second half of this year