TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

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

Read more

C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
Read more

Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
Read more

Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
SiaJai logo

Thailand's Leading Homecare Marketplace