Archive for July, 2009

Rama IV – Bangkok’s future development

Thursday, July 16th, 2009

Rama IV set to become central business district – projects poised as available land dries up in other locations
Bangkok’s central business district seems set to spread along Rama IV Road as land for development becomes scarce on Sukhumvit, Silom and Sathorn roads. A growing number of property projects will be launched around Rama IV Road.
Plans [...]

MQDC launches B500m Bangkok condominium

Friday, July 3rd, 2009

MQDC launches B500m Bangkok condominium

Whizdom
Magnolia Quality Development Corporation (MQDC), a property subsidiary of the agribusiness giant Charoen Pokphand Group (CP), yesterday launched a condominium in Bangkok to capitalise on an anticipated industry recovery.
But a 2-billion-baht joint-venture project in Pattaya remains on hold, as the resort city’s investment climate has yet to recover from political turmoil [...]

Quad seeks petrodollars for projects

Friday, July 3rd, 2009

The new property developer Quad Co Ltd, 40% owned by a Democrat MP, plans to draw investment from the Middle East to jointly develop a luxury mixed-use residential project worth 10 billion baht on Sathon Road by the fourth quarter of the year.
Buranaj Smutharaks (left), managing director of Quad Co, and Alan Lin, chairman of [...]

Market Trend Summary

Friday, July 3rd, 2009

According to the new promotion plan from the Board of Investment (BoI) in which the developers will be qualified for a tax reduction by building at least 50 housing units (townhouses or detached houses) with a minimum size of 70 square metres (up from 31 sq m) and a maximum price of 1.2 million baht [...]

Preuksa to gain from BoI rule change

Friday, July 3rd, 2009

Prefab technique nets bulk of tax cuts
Preuksa Real Estate, the country’s second-largest developer and housing market leader, is the only listed developer to fit requirements for BoI homes in Zone 1 or Greater Bangkok.
Developers now qualify for a tax reduction through the Board of Investment (BoI) by building at least 50 housing units (townhouses or [...]

Townhouses trump condos as hot trend

Friday, July 3rd, 2009

Townhouses will lead Bangkok’s new residential supply this year as they best fit current purchasing power as an alternative to condominiums, says Samma Kitsin, director-general of the Real Estate Information Center (REIC).
“Due to the sluggish economy, developers have shifted to townhouses as they expect more real demand than from condominiums. One-third of condo purchases are [...]

Bangkok facing glut of apartments

Friday, July 3rd, 2009

Supply builds as ongoing recession begins dragging tenancies down
Thailand’s residential-leasing market is suffering from oversupply following the downsizing or closure of local operations by multinational firms in the face of the economic downturn, says real-estate services firm Colliers International Thailand.
As a result, most property developers who are building apartments and serviced apartments have slowed their [...]