Magnolia shrinks condominium units

Target now young professional buyers Magnolia Quality Development Corporation Ltd is scaling down to smaller condominium units to make the prices more affordable to younger buyers. Managing director Visit Malaisirirat said unit sizes at the new Whizdom @ Punnawithi Station would start at 34 square metres while those at its previous project next door started […]

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S.Korea's Hyundai Motor seeks to buy construction firm

South Korea‘s top carmaker Hyundai Motor confirmed Monday it will bid for a troubled construction firm, setting the stage for a bidding war with its former parent Hyundai Group. Hyundai Motor said in a statement it would seek a major stake in Hyundai Engineering and Construction to strengthen its “future business opportunities and diversify its […]

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GE planning bigger local investment

Energy, water, health care the main focus General Electric (GE), the world’s leading industrial conglomerate, is eyeing more investments in energy, water and health care businesses in Thailand as it aims to increase Asean revenue by two to three times the regional economic growth in five years. The Thai government’s priorities in infrastructure investments fit […]

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Japan and Thailand to cooperate in construction of 2 major infrastructure projects

BANGKOK, 28 September 2010 – The Deputy Finance Minister reveals today that the Japanese government is willing to provide financial support to the MRT Purple line and the Chao Phraya bridge construction projects with a total investment fund of more than 8,600 million baht. Mr. Pradit Phataraprasit, the Deputy Finance Minister, has disclosed early today […]

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Phuket market looks buoyant

Phuket’s residential property market should continue to improve in line with the global economic recovery given no new political turmoil, according to new research from Knight Frank Thailand. The company believes that political stability will reinforce consumer confidence, not only for Phuket but for Thailand as a whole. Managing director Phanom Kanjanathiemthao said the economies […]

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Bangkok’s CentralWorld, reopens today

Bangkok’s CentralWorld, reopens today Bangkok’s CentralWorld, reopens today (28 September 2010) following a THB2,800 million (HK$560 million) reconstruction and renovation. The giant 550,000 sqm CentralWorld complex reopens with 80% of its retail space open for business, with the remainder expected to be completed in December and connecting Zen Department Store re-opening in August 2011.

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