City Realty Co, owned by Thai tycoon family Sophonpanich, joined hand with The Mall Group to develop a new mix-used property project with an investment of around 30 billion baht ($857.14 million). This is their second project together after the companies co-developed the Emporium project before. The new project, which is to come up in […]
Continue Reading
With an unfavourable economy and the property market slowing, developers in southern Thailand must work harder to understand demand, develop better quality products and manage risks prudently, says a senior Bank of Thailand official. Sureeratana Luckananit, senior director at the central bank’s southern region office, said the global economic recovery would be gradual and likely […]
Continue Reading
The Thailand Property Awards nominations for the Eastern Seaboard’s Best Condominium Development and Best Villa Development are being submitted until July 8, with the nominated developments submitting their entry forms up until July 15. Eastern Seaboard site visits will be conducted from July 25 to August 15, with the Thailand Property Awards 2016 Central and […]
Continue ReadingFour decades of solid Thailand and China relations have almost been derailed by their failure to reach a final agreement on the construction of a high-speed train system. After nine rounds of back and forth negotiations since January 2015, Thailand surprisingly has thrown down the gauntlet. At the end of March in Sanya, Hainan Island, […]
Continue Reading
Thailand’s Finance Ministry is considering offering incentives to property developers that build homes for Thai seniors. Thailand’s population is aging, according to Wisudhi Srisuphan, Deputy Finance Minister. Mr. Wisudhi stated that the government wanted property developers to build homes for the disabled and elderly that were innovative. “If property firms developed innovative homes, they could […]
Continue ReadingBuilk Asia launched last week as an e-commerce portal that connects steel producers with buyers in the construction industry. After a year of testing its e-commerce operations, Builk Asia’s Builk.com launched last week as a portal where construction companies in Thailand and other Asian countries can buy steel and other construction materials and products. Builk.com […]
Continue ReadingThai construction contractor Ch Karnchang Pcl said on Thursday it expected higher revenue this year thanks to the government’s infrastructure investments, which should help stimulate activity in the sector. Ch Karnchang, one of Thailand’s top three firms in the sector, aimed for construction revenue of 35-38 billion baht ($998 million-$1.08 billion) in 2016 versus 34.8 […]
Continue ReadingThe real estate sector will continue to enjoy windfall from the construction and extension of both sky train and subway train routes this year, according to Mr Sophon Pornchokechai, managing director of the Agency for Real Estate Affairs (AREA). He stated that real estate developers were showing strong interest in developing properties located along planned […]
Continue ReadingThailand’s Inter Far East Energy Pcl said on Wednesday that China’s Goldwind International Holding will buy a 10 percent stake in its wind power unit as part of a partnership to expand the wind power business. Goldwind International is part of Xinjiang Goldwind Science & Technology Co Ltd, the world’s biggest wind turbine maker. The […]
Continue ReadingLAOS AIMS to use Monsoon Wind Power, Asean’s largest wind farm to be built by a Thai developer, as an exemplary prototype for Asean Monsoon Wind Power is a 600-megawatt wind-farm project that will be the largest in Asean. The site covers two districts in southern Laos – Dak Cheung in Sekong province and Sanxay […]
Continue Reading