Siam Commercial Bank has provided a Bt3 billion fund to Land & Houses’ “Terminal 21″ shopping and serviced apartment project near the Asoke-Sukhumvit intersection. “With its location at the Asoke-Sukhumvit 21 Intersection, one of the most sought-after areas in central Bangkok, we are confident that the project will attract interest…Continue reading
Senior executives from nine property companies have been sharing their views on how to survive in today’s twin crises – the global economic downturn and the country’s political turmoil. Today, we start with the views of Naporn Soonthornchitcharoen, senior executive vice president of Thailand’s leading property firm, Land & Houses Continue reading
Unstable politics and tighter credit have hit the local market hard in the latter half and no end to the gloom is in sight. But this acid test will leave the industry in better shape than ever, with only truly tested warriors the last men standing Continue reading
Third quarter results likely to trail second quarter as buyers defer decision Property firms will face hard times in the last quarter of this year as homebuyers may delay their decision to invest in residential projects beginning in the third quarter, according to research by Asia Plus Securities. Asia Plus…Continue reading
Thailand’s property market is about to slow down, despite a downward trend in construction costs, oil prices and interest rates, as buyer confidence is ebbing, says Anant Asavabhokhin, the chief of Land & Houses Plc, the country’s biggest residential developer. He said the global financial crisis had raised anxiety among…Continue reading
Land & Houses LH.BK(LH), Thailand’s biggest housing firm, reported a 28 percent rise in quarterly earnings on Tuesday helped by subsidiary earnings and lower expenses. Continue reading