Connect with us

Real Estate

Property developer confidence index hits record high in the fourth quarter of 2009

Avatar

Published

on

Thailand’s property developer confidence index reached a record high of 57.8 in the fourth quarter of 2009, boosted by an increase in total sales, employment, and the launch of new projects, according to the Bangkok-based Real Estate Information Center.

Loading...

Government Housing Bank president Kan Prachuabmoh, acting in his capacity as chairman of the centre, said the index rose from 55.8 in the previous quarter and 36.3 in the same quarter the year before.

Sales, employment and project launches increased, particularly in December last year when property developers accelerated project construction, consumers rushed to buy in response to sales promotion, and commercial banks stepped up lending because state-supported ownership fees and mortgage reductions were due to expire.

In addition, at that time property developers needed to speed the activities to close their balance sheets

He said the confidence index in the next six months will edge up slightly showing that property developers are confident the property sector will improve in the future as new developers gradually inaugurate new projects.

However, he allowed that spate of anti-government protests, fuel price fluctuations, and higher steel prices due to the substantial demand for steel in China remained key negative factors that need to be closely watched and understood.

via MCOT English News : Property developer confidence index hits record high 57.8.

Lifestyle

Bangkok falls 19 places to 49th most expensive location worldwide

Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.

Olivier Languepin

Published

on

The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.

Loading...
(more…)

Continue Reading

Property

Is There a Silver lining amid COVID-19?

Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.

Daniel Lorenzzo

Published

on

A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.

Loading...
(more…)

Continue Reading

Property

The time is ripe to embrace Industry 4.0

Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns

Daniel Lorenzzo

Published

on

We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,985 other subscribers

Latest

Trending