Thailand Real Estate

Thai liquor tycoon Charoen Sirivadhanabhakdi’s TCC Land now holds 100 per cent ownership in its former joint-venture subsidiary TCC Capital Land after buying 40 per cent of it for THB2.33 billion (US$77.82 million) from its partner CapitaLand in Singapore. TCC Land formerly held 60 per cent of TCC Capital Land.

Despite some impact from mortgage lending curbs on the high-rise market, Supalai Plc remains confident in condominium demand with the launch of a new riverside project worth 5 billion baht, expecting sales of one-fifth on the launch date.

Pattaya gained the highest occupancy averages, January through to the end of April’s Songkran festival, of all the regions monitored by Thai Hotels Association, according to eastern chapter president, Bundarik Kusolvitya.

With a series of natural disasters and political crisis that has happened globally during the past 12 months, we are urged to realise the fact that we live in uncertainty.

The listed developer Raimon Land Plc plans a new subsidiary this year that will serve as a property agent to its own customers.

The government's land and property tax bill has passed final legal screening and is ready for parliamentary consideration, but politics will remains the key obstacle.

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.

Hotels are reporting signs of recovery throughout the country, Thai Hotels Association president, Prakit Chinamornpong, told in the association's bimonthly meeting Tuesday.