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Pattaya Property News & Blog


Pattaya Property News & Blog Supplied by Pattaya Condo Property Sales & Rentals, Real Estate Management.


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News (704)

Asia-Pacific Property Deals Dip in The Second Quarter of 2013


Southeast Asia continued to be blessed with upbeat investment sentiment in the second quarter of 2013, while real-estate owners in Thailand injected assets into property funds, according to CBRE Research.

Overall commercial real-estate transactions in the Asia-Pacific region declined by 11% to US$19.2 billion (Bt600 billion) after an unusually strong first quarter.

Thailand Listed Developers Expect Property Market Continues to Rise

Thailand leading property firms believe the residential market will continue to expand over the remainder of the year, despite indicators pointing to only slight economic growth.

Developers are confident of achieving presales and total revenue targets for the full year, driven by plans to launch residential projects worth more than Bt100 billion during the second half - and on the back of solid revenue and net-profit growth in the first six months.

Pruksa Real Estate Ups Revenue Goal after Strong H1 Demand

Thailand leading property developer Pruksa Real Estate has raised this year's revenue target from Bt33.97 billion to more than Bt40 billion thanks to strongly growing demand in the property market in the first half.

The company has set aside an investment budget of Bt2.5 billion for the current third quarter to build three new prefabrication plants in Rangsit near Navanakorn Industrial Estate Pathum Thani. The new plants will have enough monthly production capacity for 450 detached houses with usable space of about 150 square metres each. This will increase its house-construction capacity to 1,100 a month, up from 650 a month from its five existing prefab plants at Klong 5, Pathum Thani.

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Thailand leading property developer property perfect plans to launch 12 new residential projects worth Bt10 billion after the company recorded presales worth Bt6.6 billion in the first half of 2013.

Chief executive officer Chainid Ngowsirimanee said six of the new projects would be for detached houses and the others condominiums, including one in Hua Hin.

Thailand Developers Seek Ways to Cut Mortgage Rejection Rates

Pruksa Real Estate president and CEO Thongma Vijitpongpun signing a contract to launch a savings programme to help Pruksa customers get a mortgage

Thailand property firms have been negotiating with commercial banks over possible ways to reduce the rejection rate for mortgage applications during a period in which the banks have tightened the lending criteria for what they consider to be risky customers.

The Bank of Thailand has warned commercial banks to restrict loan provision and increase their loan-loss reserves in light of the additional risk inherent in the country's slower economic growth and the impact of heightened political uncertainty.

Saturday, 10 August 2013 15:48

Residential Boom Returns to Chiang Mai

Residential Boom Returns to Chiang Mai

A overlooking of Chiang Mai

Chiang Mai is often hailed as one of the most liveable cities in Asia, occasionally the world. The price of land in Chiang Mai has risen following a residential-project boom in the northern province, according to research by Collier International (Thailand).

The research shows that Chiang Mai's condominium market is booming again after more than a decade of stagnation.

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There are about 10,153 condominium units in 20 projects were launched in Pattaya during the first half of 2013, which boosted supply by 32.9% from the end of 2012 to 40,939 units, according to Knight Frank.

The Jomtien area gained in popularity with 4,247 units, or 42%t of new units, the real-estate consultancy said. "Pattaya has become one of the most desirable seaside locations. It is easily accessible to major destinations in Asia, supported by the government's infrastructure investments, including the upgrade of U-tapao Airport's capacity to 5 million passengers per year, as well as the planned high-speed rail link connecting Bangkok to Pattaya, which will help drive traffic to the resort city.

 Three Concurrent Realty Expos Hold in August 2013

The Queen Sirikit National Convention Centre in Bangkok

To boost sales in the current second half of the year, the Home Builders Association, the Housing Finance Association, and Home Buyers' Guide Co will conduct three expos at Queen Sirikit National Convention Centre in Bangkok between August 22 and 25, targeting sales valued at more than Bt7 billion.

"Home Builder 2013", under the theme "Creative Technology for Home Building Innovation", aims for sales of Bt2.85 billion from the four-day event.

LPN Development Targets to Bt24-25 Billion in 2013

Thai list developer LPN Development has revised its pre-sales target from Bt20 billion to Bt24 billion-Bt25 billion in 2013 thanks to demand for condominiums priced not more than Bt3 million, which is still showing strong growth.

Managing director Opas Sripayak said that the company enjoyed high pre-sales in the first seven months of 2013 worth Bt16 billion after launching six condominium projects worth nearly Bt10 billion in the first half.

The Confidence Co Plans to Launch Two New Condominium Projects in Thailand


As a subsidiary of Quality Houses, The Confidence Co, plans to launch two new condominium projects worth a total of Bt1.23 billion in the second half as it pursues full-year revenue of Bt5 billion.

Managing director Pairote Watanawarodom said that although the demand for homes, especially condominiums, this month was expected to grow only slightly, the company believed that this is temporary situation. Therefore it is going ahead with two new projects in Nakhon Pathom and Chon Buri provinces.

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