As confidence grows of a significant property market recovery in the second half of this year, Thailand’s major developers are walking a financial tightrope between prudence imposed by the downturn and grasping the opportunities of recovery. Continue reading
Adjusting its housing designs to reflect demand for a “younger” lifestyle, Preuksa Real Estate has revealed plans for a detached house project under the brand Preuksa Village Delight designed along “modern tropical” lines. Continue reading
Property developers are turning increasingly to direct approaches to stimulate real demand in the economic downturn, with more selective and effective marketing channels beyond mainstream and traditional ones. Continue reading
Firms may take more than three years to sell out an inventory of residences worth more than Bt200 billion in Bangkok and its suburbs because of a slowdown in demand arising from the economic downturn, property experts say. Continue reading
Thailand’s second largest property developer, Preuksa Real Estate Plc, says its sales figures for the first two months of 2009 have improved markedly since December 2008, and the firm is now targeting sales of Bt3 billion for the first quarter of this year. 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