Quality Houses Plc (QH) is aiming for 15-20% growth this year, planning to launch 22 new housing projects worth a combined 28.6 billion baht, including developments in new locations including Rayong and Cha-am. However, CEO Rutt Phanijphand admits he is keeping a wary eye on political developments. Like many businesses,…Continue reading
Luxury property developer Raimon Land has released Condominium Focus Bangkok Update, its first quarterly research publication of the year. The document reveals a remarkable recovery of the Bangkok upscale condominium market despite the ongoing domestic political tensions. The fourth quarter of 2009 saw the Thai economy post 5.8% GDP growth,…Continue reading
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC). The strength of East Asia’s economy in part buoyed the…Continue reading
Thailand’s Real Estate Investment Centre (REIC) has released a report advising developers to downsize residential projects in anticipation of a drop in demand in 2009. REIC director-general Samma Kitsin expects Thailand’s property market will soon start to feel the effects of the widening financial turmoil and slowing global economy. According…Continue reading