Real Estate High-light

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 [...]

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 [...]

No witch-hunt, says Lands Department

Thursday, June 18th, 2009

Foreign ownership debate intensifies “We have some regulations and processes to investigate illegality ..”