The Thai property market will likely fluctuate until 2013, and the current oversupply will not be absorbed even then because new project launches will keep pace with fresh demand. So today’s overbuilt stock will not be completely reduced, says Jens Brochner Nielsen, CEO of D2 Real Estate Company. He also…Continue reading
Bangkok’s residential development spotlight has shifted to the city’s northeastern suburbs, where under the pressures of changing consumer demand in the current tough economic climate, property developers are rushing to compete on what they see as the city’s most promising location. Continue reading
Land and Houses, Thailand’s biggest home builder, expects no revenue growth in 2009 for the first time in more than a decade, due mainly to weak consumer confidence in an economic slowdown, a senior executive said. 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
Most of Thailand’s property developers have revised their 2008 revenue forecasts downwards in the face of a depressed market that began to slide into difficulty several months ago. Continue reading
Despite the economic gloom, leading property firms are approaching 2009 in a mood of cautious optimism, with plans to launch new residential projects with a collective market value of nearly Bt100 billion, according to a survey by The Nation Continue reading
Firms revise business plans to boost sales and cash flow Property companies have revised their strategies and will develop smaller residential projects to speed up their sales in the last quarter of the year until next year because of the negative impact of the country’s political turmoil and global economy…Continue reading