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Failure to Launch

Category: Real estate, Posted:04 Jun 2009 | 07:58 am

The quietness on property launches so far this year is deafening. With the exception of Surin's "The Quarter' which hit the market in Q1 so far resort grade real estate entries have been muted. I'm in Bangkok today where leading developer TCC have announced two new condominium launches for H2 2009 at a consolidated valued over THB 4 billion. In the capital's dailies the TCC CEO has been quoted as saying "we will focus on Thai buyers rather then foreigners, as they still have no confidence in Thailand."
Its interesting to note another leading edge indicator with Thailand's largest cement maker SCG reporting a forecasted 10-15% drop in demand for the full year and stating they have reduced prices on some products by 10% to fuel revenue. At the same time they have cancelled plans for an expansion in Cambodia who is also feeling the strain of the economic slowdown.

Other News

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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]