Archive for property sector
You are browsing the archives of property sector.
Banks tighten up project financing and mortgages
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 to contractors because [...]
Industry to Thrive in Near-Term
Colliers Predicts Tax Breaks Will Matter
Despite the global financial meltdown and local political turmoil, the industrial property sector should continue to prosper in the next few years as the government considers extending property tax incentives and tax and duty privileges for investment, according to the property consultancy Colliers International (Thailand).
Managing director Patima Jeerapaet said the [...]
Bangkok market resilient
The Bangkok property market performed steadily during the first six months of 2008, especially considering political and economic constraints, according to data collected by CB Richard Ellis as part of its Market View Q2 2008 report.
Three apartment buildings were completed in Q2 2008, raising total supply to 10,576 units, which represents growth of 3.6 percent [...]
Patong Land Hits Up to 200mill. Per Rai
Land prices on Patong Beach in Phuket now reach 100 to 200 million baht per rai (250,000 to 500,000 per square wah), showing strong demand from high-end buyers
Property sector likely more active in latter half of 2008
The Thai government’s economic stimulus package is expected to help boost property trading activities in the second half of this year
Finance minister upbeat on property market
Finance and Deputy Prime Minister Surapong Suebwonglee has voiced confidence that the property business will grow markedly in the second half of this year once measures issued to stimulate the sector start to take effect.
