Posts Tagged ‘property developers’

Property developers have called on the new government to increase the tax allowance for home-buyers from Bt100,000 to Bt200,000, as a means of directly increasing purchasing power next year at a time when consumers will be hit by the global economic downturn. 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

The Escrow Act B.E. 2551 is not yet compulsory but it can be an important tool to protect consumers, build homebuyers' confidence and raise developers' standards. The act, which took effect on on May 21 this year, covers not only property but also all kinds of assets for which specific delivery schedules exist. This property-buyer ... 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

Homebuyers warned to investigate developers' ability to deliver their products. Some of Thailand's property and construction firms are beginning to face the negative impacts of the global economic crisis, with commercial banks restricting both project loans and mortgages, property experts say. "We are now seeing some property firms delaying their payment of construction fees ... 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

Thailand's leading property companies have started to accumulate plots from landowners as well as small- and medium-sized developers at prices that are 10 to 15 per cent lower than last year's. Full story

Branded residences are finally finding their way into Thailand's real estate portfolio, and they are quickly attracting the attention of overseas investors Full story