Land and Houses, Thailand’s biggest home builder, expects no revenue growth in 2009 for the first time in more than a decade, due mainly to weak consumer confidence in an economic slowdown, a senior executive said. Continue reading
The government’s property tax measures launched this week are unlikely to be strong enough to encourage consumers to start spending again on home purchases, at least in the short term, real-estate associations said at a “Property market outlook 2009″ seminar yesterday. Continue reading
The property market is expected to experience a drop of 5-10 per cent in value next year as Thailand becomes caught up in the global financial crisis, say experts. Continue reading
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. Continue reading