Thailand Property Development Industry News

Land prices in Bangkok have surged following the Treasury Department's first review in eight years, with significant increases in Yaowarat, Silom, and Phloenchit roads affecting land taxes.

Established in 1982 as Amarin Plaza Plc, The Erawan Group Plc has a mission to be an explorer and well-diversified leader.

Property firms are planning to ask the incoming government after next month's election to revise the taxation system related to buying and selling residences and to introduce fixed interest rates for first-home buyers as a long-term policy.

Passenger traffic at Suvarnabhumi Airport rose 9 per cent in the first seven months of the 2011 fiscal year to 40 million.

Centara Hotels & Resorts has signed a management contract with Oversee Construction Co Ltd for a new Bangkok property to be called the Centara Watergate Pavillion Hotel.

Rush to launch new projects sends land prices soaring

Modest adjustments to existing foreign property ownership legislation to improve inbound investment could help produce major benefits in real estate, construction, retail consumption, education, transport, schooling, and tourism, says a local property executive.

The Treasury Department's latest revaluation exercise could give a further boost to land prices, especially for plots along the commuter-rail lines in Greater Bangkok.

Thai hospitality group Minor International is planning to introduce a new four-star hotel brand this year as part of a global expansion strategy.

Noble Development Plc expects to develop three high-rise condominiums in Bangkok's central business district.