By Kanana Katharangsiporn, Bangkok Post, Thailand Jan. 07–Despite an expected slowdown in the condominium market this year, property development remains attractive to contractors with at least two firms including non-listed Ritta Co Ltd and SET-listed Pre-Built Plc entering the higher-margin business from 2009-10. Ritta embarked on property development as the country faced a political crisis […]
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A Chinese company will invest US $100 million toward the construction of an airport near Naypyidaw, the new capital built by Burma’s ruling junta in 2004, in the latest move by China to expand its involvement in the Southeast Asian country’s transport sector. The company, China Communications Construction (CCC), signed a deal to work on […]
Continue Reading A Chinese company will invest US $100 million toward the construction of an airport near Naypyidaw, the new capital built by Burma’s ruling junta in 2004, in the latest move by China to expand its involvement in the Southeast Asian country’s transport sector. The company, China Communications Construction (CCC), signed a deal to work on […]
Continue ReadingThe Yamu, a luxury villa and hotel resort in Phuket, Thailand has secured financial backing from Singaporean investment group Hotel Properties Limited and the Thai KS Group in Thailand. Luxury villa and hotel resort, The Yamu, has secured financial backing from Singaporean investment group Hotel Properties Limited (HPL) and from the Thai KS Group in […]
Continue ReadingTHE NATION The Sino-Thai bullet-train project should advance the interests of both countries, observers say. A Transport Ministry source notes that the attempt of Thailand to make the project happen soon could bring unwelcome consequences to the country. No evaluation has been conducted yet on all the economic impacts of the project on the country. […]
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Slowdown in Cambodia’s construction THE value of construction projects granted the go ahead by the Cambodian government has fallen 66 percent in value in the first 11 months of last year, compared with the same period in 2009. A report from the Ministry of Land Management, Urban Planning and Construction shows 2,000 projects worth US$655 […]
Continue ReadingReal estate sales to foreigners in Phuket are expected to grow 25 per cent this year to 5 billion baht, according to property development firm Seacon. Nevertheless, sales are likely to remain at least 50 per cent lower than during the boom years of 2006 and 2007, when foreign sales came in at 10 to […]
Continue ReadingNews has just been released that Thai property developer, Amari Estates Company, has won the lease management contract for Herathera Island Resort in the south Maldives. Herathera Island, Maldives: News has just emerged that the Thai residential property developer, Amari Estates Company, has won the lease management contract for Herathera Island Resort in the south […]
Continue ReadingChina will build a “commercial city” in Thailand worth $1.5 billion that will allow traders to re-export Chinese-made goods and avoid costly tariffs, state media said Thursday. More than 70,000 Chinese traders are expected to operate in the China City Complex in Bangkok, helping them miss levies on products shipped directly from China, the China […]
Continue ReadingThe Nation The Thai-China joint committee has agreed on the framework of the Thai-Sino high-speed train project, in which Thailand will hold 51 per cent and China will hold 49 per cent. The framework agreed by the joint committee of the two countries is expected to come up for approval from the Transport Ministry and […]
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