Thailand Property Development Industry News

The National Housing Authority (NHA) plans to launch a mortgage loan for homebuyers who want to buy residential units but cannot apply for mortgage loans from commercial banks.

The price index of condominium units priced below 50,000 baht a square metre has risen 10% this year despite the large new supply, against a rise of just 6% in the condominium price index overall.

Translating the notion of a knowledge- and creativity-based economy into practice.

S&P Syndicate, a leading local operator of restaurants and bakeries, plans to focus on expanding its overseas business over the next 10 years.

Tesco Lotus, Big C adopt same gimmick. A new chapter in Bangkok's retail war has opened with the two main players both erecting new store signs proclaiming "Extra".

The Government Housing Bank was swamped yesterday on the launch of the Bt25-billion First Home Loan scheme, with nearly 6,000 eager applicants seeking almost Bt9 billion in zero-interest mortgages.

LPN Development is expected to be a prime beneficiary of a government plan to offer zero interest loans for first-time homebuyers who purchase properties costing below Bt3 million, said DBS Vickers Securities (Thailand).

Thailand saw strong growth in launches of new property projects in the first quarter with a total of 28,683 units, up 28.4% yearon-year, with the value rising 35% to 68.75 billion, according to Agency for Real Estate Affairs.

The Tourism Council of Thailand is has re-forecasted 2011 numbers, with expectations in the range of 16.76 to 17.21 million.

The GHB zero interest campaign would help buyers afford units for under THB3 million at developments like Pruksa's Plum Condos.