The three main real-estate-industry associations, namely the Thai Real Estate Association, the Housing Business Association and the Thai Condominium Association, have jointly organised the 24th semi-annual "House and Condo Expo" over the past weekend.
Property funds offer attractive returns but liquidity is a concern. All investors want their investments to deliver handsome returns, or at least to beat inflation.Thailand's inflation rate is expected to stand around 3-4% this year, with high oil prices caused by unrest in the Middle East one key factor.The Bank of Thailand last week lifted its policy rate by 0.25 percentage points to 2.5% to curb rising inflation.
Quality Houses Plc says it plans to launch 22 projects worth Bt28.6b this year, mostly detached houses.
Housing prices are forecast to rise by at least 5% this year, reflecting the higher costs of construction, wages and land, says the Housing Business Association.
The Erawan Group plans to sell Ploenchit Center to SCB Asset Management for Bt1.4b to help improve its financial performance this year, said its chief financial officer, Kamonwan Wipulakorn.
Luxury property developer Raimon Land has announced the forthcoming opening of Vue, a boutique fusion mall adjacent to The River, its prestigious development along the Chao Phraya. Located by The River's main road entrance on Charoen Nakorn Road, Vue will be completed by the end of the year, before The River's owners and tenants move in to their units during the course of 2012.
© Copyright 2007 - 2024 ThaiIVest I Thai Stocks & Investment I Terms of Use & Privacy I 
