Thailand signs a deal to build a deep-sea port on Burma‘s coast. As Burma’s military generals rebuff international concerns over the legitimacy of their November elections, neighbor Thailand is already eyeing mammoth post-election plans to boost trade with the pariah state. Following a trip to Burma, Thai Prime Minister Abhisit Vejjajiva said this week that […]
Continue ReadingAscott has been recognised as the best serviced residence brand, company and operator by leading travel publications in Asia Pacific and Europe CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has been recognised as the best serviced residence brand, company and operator by leading travel publications in Asia Pacific and Europe. Ascott was […]
Continue ReadingThe Swiss-based Company Plans to Open New Properties in Bangkok, Chiang Mai and Koh Samui and Operate Five Hotels in the Country by 2014 Movenpick Hotels & Resorts announced today plans for three new properties in Bangkok, Chiang Mai and Koh Samui during the next three years, signalling a solid period of strategic Asian expansion […]
Continue ReadingWe are now back from annual holidays and ready to go. We’ll be updating the site in the next 24 hours, and issuing a long over due TCN E-Newsletter shortly. ED Tuesday 26.10.2010
Continue ReadingOnyx turns focus to serviced apartments Segment viewed as industry growth driver Onyx Hospitality Group, formerly known as Amari Hotels and Resorts, is focusing on serviced apartments as part of its plan to expand its service line and become Asia‘s leading hospitality provider by 2018. The group yesterday launched its first serviced apartment worth 800 […]
Continue ReadingAsian Development Bank finances solar power projects in Thailand The Asian Development Bank Tuesday signed a loan agreement for 140 million dollars to the Bangchak Petroleum Company to build two solar power plants in Thailand. Bangchak, a partly state-owned oil refinery and petrol retailer, has already started construction on 8-megawatt and 30-megawatt solar plants in […]
Continue ReadingCentara Signs Centra Hotel in Patong, Phuket Centara Hotels & Resorts has signed a management contract for the first property under its new Centra brand. The Centra Ashlee Hotel Patong, in Phuket, is scheduled to open end-2010 and brings the total number of properties under Centara management in Phuket to six.
Continue ReadingDemand for luxury real estate in popular far east tourist destinations such as Phuket and Koh Samui is increasing and experts are upbeat on the medium and long term outlook for the region. Property firms are reporting a recovery of purchasing power affecting the luxury residential markets in Bangkok as well as resort destinations and […]
Continue ReadingThai SEC OKs Establishment Of Real Estate Investment Trust Funds Thailand‘s Securities and Exchange Commission said Monday that it has approved in principle a plan to allow the establishment of real estate investment trust funds. A Reit fund will be more flexible than existing property funds as it can invest in any kind of property, […]
Continue ReadingA survey conducted by the Agency for Real Estate Affairs has revealed a rise of 4.4% for average land prices in Greater Bangkok from last year. The most expensive land plots are located near the Siam, Chidlom, and Phloen Chit BTS stations, costing THB1.2m per square wah (THB480m/rai equivalent to USD 40.4m/acre).
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