In the first quarter Pre-Built Plc mainly received condominium projects in Phuket and in the northern provinces of Thailand. The Phuket Post reported that the listed contractor Pre-Built Plc (PREB) has revised this year’s revenue target to THB 4 billion (US$125.4 million) from THB3.7 billion (US$116 million) as concerns about a contractor shortage and higher costs lead developers to accelerate condominium construction. ctor shortage amid the higher costs.

Original post:
Pre-Built raises revenue target in Thailand

Thailand Investment

Although the Thai real estate industry has continued growing significantly since 2008, we have not seen a real estate bubble environment manifesting. The industry seems to have learned its lessons during the 1997 financial crisis and has successfully implemented the following safeguards: The banking industry has become much more cautious providing project financing and mortgage loans.
Being a developing country, the cost of property in Thailand is much lower than in the more developed European markets. But, on the other hand, prices for Thai property, in general, are rising at a much faster rate.

Real estate developers in 2010 are more cautious and many have professionalized their operations

Thailand’s property market was able to rebound from past crises and there is every reason to believe it will be able to absorb the blow of recent political tensions. The taxation situation has actually improved the conditions for purchasing property in Thailand, and if property prices do dip slightly as a result of the current situation it may actually be a good time to buy as there is a very real possibility Thailand property will regain its golden outlook soon. As a result, the financial condition of most major housing developers in Thailand is much more robust than in the past. The development of the local bond markets and increasing domestic savings has the made the industry much less dependent on foreign funds, a significant difference from 1997.

 

About the author

Zhong Li is a tech journalist who covers the latest developments in artificial intelligence, robotics, and biotechnology. Zhong Li is passionate about exploring the ethical and social implications of emerging technologies.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thai Residential market sluggish on the back of higher interest rates and stricter loans

Unfavourable factors include higher interest rates, increases in expenses related to home purchase, and stricter criteria for approving loans.

Foreign buyers are back in Thailand’s property market

Foreign buyers typically have higher budgets than Thai buyers, preferring to live in main business districts and along the banks of the Chao Phraya River.

Invest Smart in Thailand and make sure you get extra Rental Yields

Ashton Hawks proudly brings you to The Origin Kathu Patong, located in the heart of the thriving district Kathu. The Origin Kathu Patong is the latest freehold low-rise luxurious condos, offering you a high standard of luxury living in the tropical paradise.