Thailand’s real estate investment market in the second half of 2010 remained buoyant with several major transactions being sealed, according to the latest report from Colliers International. The THB35.5 billion (US$1.16 billion) sale of Carrefour retail stores to the French retail operator Big C Supercenter boosted up the Kingdom’s investment…Continue reading
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…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
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
Few signs of a US-style property bubble as supply matches demand and pricing is rational. Asset price inflation and soaring US property prices over the past decade certainly represent one major factor behind today’s global economic crisis. Could it happen again in Thailand? After all, the 1997 Asian economic crisis…Continue reading
Developers plan for year ahead with caution; buyers warned to be wary. Thailand’s property market is expected to shrink by 5 to 10 per cent next year as the country falls under the full impact of the global economy recession and local political uncertainty continues without resolution, property experts say….Continue reading
The listed developers Sansiri Plc and Asian Property Development Plc have both reported a surge in net profit in the third quarter due to the delivery of more condominium units to buyers while Golden Land Property Development posted a loss which it blamed on market volatility and uncertainties. Sansiri reported…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
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
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