Thailand Property – Phuket sea front villas best performers (CBRE)
The best performing real estate market sectors in Q3 2010 were prime seafront properties and entry level projects, according to a recently released report by CBRE. Tourist arrivals continued to recover in the quarter, boding well for the property market on the Thai vacation isle. The total stock of completed resort standard condominium was approximately 3,000 units, up 3% Q-o-Q and 31% Y-o-Y, according to CBRE, which estimated that approximately 84 per cent in completed of condominiums have been sold.
Thailand Property- Land and Houses to launch 18 projects in 2011
Land & Houses has revised its property portfolio by dropping the the proportion of houses priced in the range of THB3-5 million from 38 per cent to 30 per cent this year. Thailand’s largest developer Land & Houses (L&H) is planning increase revenue with the launch of 18 new projects in 2011
Thailand’s Home Builder Association to launch R&D information centre
Thailand’s Home Builder Association (HBA) has announced that it will create an information center for research and development as a means to upgrade the industry standard. It has also targeted five per cent year-on-year growth of home building market by the year end.