Property rents are on the rise throughout Asia on the back of strong economic growth, with Singapore’s 15 per cent rise last year earning it the accolade of the world’s 5th most expensive city to rent a two-bedroom property. Tokyo is the most expensive location globally, according to a report by international human resources solutions […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand’s board Tuesday approved a plan to seek bids for THB17.23 billion ($561 million) worth of civil construction works for an extension to Bangkok’s elevated rail system. The civil works for the 12.6-kilometer extension of the green line that will link a Bangkok suburb to the southeastern province of […]
Continue ReadingOne down, three to go Three more huge drainage tunnels will be built over the next five years to provide a longterm solution to flood problems, Bangkok Governor MR Sukhumbhand Paribatra said yesterday. Sukhumbhand announced the news while presiding over an opening ceremony for the Rama 9 Ramkhamhaeng tunnel. It is one of four tunnels […]
Continue ReadingGaysorn Property has resumed residential development with the launch of its second condominium project on Sukhumvit soi 61 worth THB1.3 billion (US$42.35 million). After the launch of its first residential project Domus on Sukhumvit 16 four years ago, the company will launch the Mode Sukhumvit 61 next month. This low-rise condominium development will be located […]
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King Power is spending more than 500 million baht to build a duty-free emporium in the eastern resort city of Pattaya, aiming almost exclusively to tap the spending spree among Chinese and Russian visitors. Construction of the facility, which was previously delayed by the political turmoil in 2009, has recently begun in earnest for an […]
Continue ReadingThailand’s largest condominium developer LPN Development believes the revision of condo laws will negatively affect most developers due to an increase in costs to build larger units. Last week the Lands Department said it planned to amend the current condominium law to change the definition of a condo, including a requirement that a condominium complex […]
Continue ReadingPurple Line victory to call for more funds Bangkok Mass Transit System Plc (BTSC), part of the SET-listed BTS Group Holdings (BTS), may consider listing on the Stock Exchange of Thailand if the SkyTrain operator wins the bid for the 20-billion-baht operating and maintenance contracts of the Purple Line. BTS will join a race of […]
Continue ReadingCOMO Hotels and Resorts is set to develop and manage a new resort on the Yamu Peninsula of Phuket, the group’s second property in Thailand. Located in Phang Nga Bay, some 20 minutes’ drive from the Phuket International Airport, the resort is the ninth property for the Singapore-based hotel group. The 129-room resort will feature […]
Continue Reading10-year budget lifted to B75 billion B. Grimm, one of Thailand’s oldest trading conglomerates, expects to be awarded four additional small power producer (SPP) licences on top of five already granted as it expands its 10-year investment budget to 75 billion baht. Preeyanart Soontornwata, president of Amata B. Grimm Power Ltd, said the company was […]
Continue ReadingThe construction of Neak Loeung Bridge, a part of ASEAN’s highway, will play a vital role in boosting the development of Cambodian and regional economy, said Cambodian Prime Minister Hun Sen on Saturday during a ground breaking ceremony for the bridge construction. The Neak Loeung Bridge across the Mekong River along the National Road No. […]
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