Thailand Property Development Industry News

The Pattaya property market has potential to stage a full recovery this year, spurred by 15 billion baht in spending planned to improve transport and utilities services, communities and the environment.

Thailand's fast-growing property market runs a risk of facing a slowdown after its robust growth last year, according to a real-estate expert.

Bangkok contains the most office space of any ASEAN city, including Singapore, according to research by Colliers International throughout Asia Pacific.

The first community mall developed by relatives of whisky tycoon Charoen Sirivadhanabhakdi will open in downtown Bangkok in May.

Amid a recovery in the UK property market, Sansiri Plc will launch its first project in London this year - six apartment units worth a combined 600 million baht.The company is looking at New York as its next destination, with a net profit target of 15%.

While world markets for office space continue their slow recovery from the global financial crisis, Bangkok is found to contain more office space than other ASEAN commercial citiesm including Singapore, according to international property agencies.

Demand for new homes in Thailand remained robust in the first quarter despite measures passed by the Bank of Thailand limiting loans to 90 per cent of the value of condo units.

Apartment rentals in Bangkok's prime expatriate area decreased slightly in the fourth quarter of 2010 due to a surge in condominium developments, according to CBRE's latest market research.

Leading property firm Pruksa Real Estate will propose measures to treat wastewater from its four residential projects in Rangsit in Pathum Thani province to the Senate subcommittee on the environment at the end of this month.

Rising business confidence evidenced by more jobs, abundant liquidity Asia's real-estate investment market has seen encouraging growth in terms of the total value of sales this year and the second half of 2010 thanks primarily to the abundant liquidity and continued inflow of capital, a study by Collier International showed.