Posts Tagged ‘political uncertainty’

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 Full story

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. Full story

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 offers many parallels to today's situation, where low interest rates, lax lending practices and a mismatch in ... Full story

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 ... Full story

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 ... Full story

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 Securities senior executive director ... Full story

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 slump, property experts ... Full story

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 ... Full story

Despite the closure of Phuket International Airport for two days, real estate professionals on the island claim their business is unlikely to be affected because foreign buyers understand Thailand's political situation. Martin Phillips, based in Phuket as managing director of the upmarket residential brokerage Engel & Volkers (Thailand) Co, said no clients had postponed purchases ... Full story

Anyone thinking of selling a condominium should do so soon because prices are likely to drop in six to 12 months due to political uncertainty and oversupply, says Ian Soo Full story