Thailand Real Estate

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 Transport Ministry has waived landing and parking fees at 12 state-run provincial airports, most of them inactive, to encourage airlines to offer commercial services through them.

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.

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".