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BUSINESS

Grande Asset revives suspended project

Business, Kanana Katharangsiporn, Published on 10/05/2012

» The listed developer Grande Asset Hotels and Property Plc (GRAND) will spend 3.2 billion baht to continue the development of a suspended Bangkok project comprising a condominium, a hotel and retail space worth a combined 7 billion baht.

BUSINESS

Malaysian resort over water being offered in Thailand

Business, Kanana Katharangsiporn, Published on 30/04/2012

» A resort project in Malaysia in which the units are set over water is being marketed in Thailand.

BUSINESS

NHA offers 50,000 new budget digs

Business, Kanana Katharangsiporn, Published on 21/04/2012

» The National Housing Authority (NHA) will launch 50,000 low-priced condominium units at 89 sites nationwide, with unit prices of between 500,000-590,000 baht by August 2012 as a first lot under the newly named Keha Chumchon project.

BUSINESS

NL Asset braces for Songkran discount

Business, Kanana Katharangsiporn, Published on 11/04/2012

» Small developer NL Asset Co plans to launch a condominium project worth 700 million baht on Sukhumvit Soi 101/1 with a one-price campaign during Songkran as advertising costs are lower than normal.

THAILAND

Nominee use in property market a national headache

Spectrum, Kanana Katharangsiporn, Published on 25/03/2012

» When government ombudsman Siracha Charoenpanij claimed that one third of all land in Thailand, or about 100 million rai, is in the hands of foreigners through proxy ownership made possible by legal loopholes and corruption, it created uproar and claims of racism and xenophobia. But an important underlying issue is the question of nominee ownership itself.

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BUSINESS

Pruksa slows down condo launches

Business, Kanana Katharangsiporn, Published on 19/03/2012

» The SET-listed developer Pruksa Real Estate Plc (PS) will be conservative developing high-rise condominium projects due to fierce competition and oversupply in some locations.

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BUSINESS

Flood-free projects selling well at fair

Business, Kanana Katharangsiporn, Published on 16/03/2012

» Property projects in areas safe from flooding are selling well at the 26th House & Condo Fair.

BUSINESS

Pattaya wants 70% foreign condo limit

Business, Kanana Katharangsiporn, Published on 12/03/2012

» PATTAYAPattaya officials want condominium foreign ownership limits increased to 70% from 49% to help keep Thailand competitive once the Asean Economic Community (AEC) is formed in 2015.

BUSINESS

Lalin turns focus to condos

Business, Kanana Katharangsiporn, Published on 07/03/2012

» Lalin Property Plc will develop properties upcountry starting this year and focus more on low-rise condominiums.

BUSINESS

QH firm focuses on provinces

Business, Kanana Katharangsiporn, Published on 06/03/2012

» The Confidence Co, a subsidiary of the listed developer Quality Houses Plc (QH), plans to tap upcountry locations in a bid to achieve 55% sales growth this year.