Archive for Sukhumvit

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Capital faces oversupply of condo units

Capital faces oversupply of condo units

Falling demand leaves developers with a large inventory of unsold units
Bangkok may find itself with a significant oversupply of city condominiums located around mass-transit systems if demand tumbles next year once the impact of the global economic crisis strikes Thailand’s economy.
This was the message from property experts yesterday at a seminar entitled “Outlook for City [...]

Property ventures on track

Property ventures on track

Two property developers, Major Development Plc (MJD) and Ananda Development Co Ltd, have insisted that their joint ventures with the leading insurance firms AIG and Prudential are safe from the global financial crisis as the funds were raised in Asia.
MJD president Suriyon Poolvoralaks said his company’s subsidiary MJAI Development Co had been formed by a [...]

Firms say now is best time to buy realty

Firms say now is best time to buy realty

Prices are set to rise in the next couple of years, especially at the low end
After being stagnant in the first half, the Thai property sector has witnessed substantial growth in the third quarter of the year, particularly in the luxury condominium and housing estate segments.
Thai Real Estate Association president Somchao Tanterdtham predicted the realestate [...]

Now’s the time to sell condos

Now's the time to sell condos

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

Sukhumvit 6 plot fetches record B1m a square wah

Sukhumvit 6 plot fetches record B1m a square wah

A land sale on Sukhumvit Soi 6 has set a record at one million baht per square wah, according to the property agency CB Richard Ellis Thailand (CBRE).

Thai Property Bucks Global Trends

Sales of luxury property in Thailand remain buoyant despite global concerns, according to CB Richard Ellis, the leading international property consultants in Thailand.

Japanese fuel Thai rental market

Increasing Japanese production activity in Thailand is leading to a rise in the number of Japanese expatriates living in the country – which is in turn fueling demand for Bangkok apartments and condominiums for rent

Real estate scores over bank deposits

At a time when fixed deposits earn interest at only 2.5 per cent, property companies and agencies suggest buying residential property located close to the mass-transit system

Apartment glut possible

Bangkok Skyline Thumbnail

Colliers International Thailand anticipates tougher competition in the serviced apartment market and has urged owners and to refocus their marketing strategy, said managing director Patima Jeerapaet.