All Entries in the "Thailand" Category
Thailand’s new-build market begins to surge forward
According to Thai Home Construction Association, new-build property demand in Thailand is pushing up prices in the country, with growth particularly strong in the north, north-east, and south.
Hermaraj acquires land on Koh Lan for resort project
Industrial-estate developer Hemaraj Land and Development has acquired land on Koh Lan, an island near Pattaya, to build an integrated resort, entertainment, and leisure complex.
Thailand’s largest real-estate developer withdraws investment from Maldives most ambitious urban project
Government implementation of ‘managed floatation’ of the currency in 2011 allowed the rufiyaa to be traded within a 20 per cent margin of its former rate.
The result being: the devaluation of the currency to a rate of 15.42 to the US dollar – which is unable to be exchanged outside the blackmarket, where rates can reach Rf 17-18 to US$.
The problem is likely to continue as the government’s budget deficit was predicted to reach 27 per cent of the country’s GDP in 2012, according to figures released by the Majilis Finance Committee.
“As long as the government continues to inject substantial amounts of new spending into the economy, the foreign exchange situation in the country will not be resolved,” said Jonathan Dunn, International Monetary Fund’s head of mission to the Maldives.
A Pruska representative was unable to confirm the cessation of the company’s project in the Maldives.
The Hulhumale project is considered as the most ambitious urban development project in the history of the country. The internal migration of Maldivians to the island and the reclamation of land is seen as fundamental to the country’s long term plans for congestion relief and economic development.
Demand for housing on the rise after flood
Housing demand in both flooded and non-flooded locations in Bangkok is returning to normal in the second quarter, according to Pruksa Real Estate Plc (PS). Pruksa, the country’s largest developer, had THB5.62 billion (US$180.4 million) in presales, THB4.67 billion (US$149.9 million) in revenue and THB633 million (US$20.32 million) in net profit in the first quarter [...]
Thailand’s rising prices creating rising property demand
Thailand’s rising prices are pushing consumer to make faster decisions resulting in a higher demand for new properties, according to the Thai Home Construction Association.
June to herald the beginning of Thailand REITs
The Securities and Exchange Commission (SEC) has allowed the creation of real estate investment trusts (REITs) in Thailand starting in June.
The Estate set to launch near MRT extension
Thailand’s The Estate Co Ltd. is set to launch The Estate @Thapra, an 8 story modern low-rise condominium valued at THB 300 million (US$9.6 million) near the Thapra Station MRT.
New condominium project set to soar Bangkok’s skyline
Real estate and property developer, Grande Asset Hotel and Property Ltd. is to launch its latest luxury property development, Hyde Sukhumvit.
The development comprises of 455 high-end condominiums, a 30-floor hotel and retail stores. The ethos of the development is ‘mixed use.’
Speaking at the launch, Mr Pheeraphon Nonthasoot, executive vice president of Grande Asset Hotel and Property Ltd. said: “This project will feature the best of three key assets in one single development. The residence owners will be in the enviable position of living in the centre of Sukhumvit with the best of all facilities and services at their doorsteps.”
Construction will commence in June 2012. The completion date is March 2014.
Situated on the tip of soi 13 and within a stones throw of the BTS line the development is within close proximity to restaurants, five star hotels, and leading schools and hospitals.
New development for Bangkok riverside
Chao Phraya River in Bangkok is set to get a THB35 billion (US$1.12 billion) development set on 40 rai of land. The project will feature retail facilities and a residential condominium. Siam Piwat, owner and operator of Siam Paragon, Siam Center and Siam Discovery, Magnolia Quality Development and CP Group will work together [...]
Phuket rental market shows healthy demand
In a press release by Knight Frank, it was reported that Phuket has continued to be a global attraction for holiday makers as well as for those renting private villas instead of staying in hotels.
