Thailand Property Development Industry News

The Joint Foreign Chambers of Commerce in Thailand (JFCCT) should be congratulated for raising the issue of foreign ownership.

The Democrat Party is seen as having an edge over Pheu Thai in terms of megaproject policies.

The resort town of Pattaya has become a favourite destination for older tourists, welcoming more than four million visitors every year.

Central Retail Corporation (CRC), the country's largest retail chain, has made history in the Thai retail business by acquiring a 150-year-old chain in Italy for 11 billion baht.

Property-sales activity has rebounded in Phuket, according to global property-services firm CB Richard Ellis (CBRE).

The Bank of Thailand is widely expected to increase its policy interest rate on Wednesday by a quarter percentage point to 3%.

Special promotional offers may entice home buyers after the number of unsold residential properties held by most Thailand property firms increased in the first quarter of 2011 from the fourth quarter of 2010.

Examining trends for the real estate business this year, Thailand’s Real Estate Information Centre (REIC) held its “Property Market Outlook in 2011.

Strong demand for beachfront homes in Thai resort town Hua Hin is leading to growing competition for seaside land amongst developers and rising prices.

The National Economic and Social Development Board warned the fragile recovery in the US economy would be a key threat to the Thai economic growth this year.