Dubai to finance budget hotels in Thailand

Dubai investment company Istithmar and the Hong Leong Group are set to scour the area to search out the best spots for 30 new budget hotels costing around $50 million.

Thailand's economy is fast decelerating

Private consumption fell to its lowest level since the second quarter of 1999, contracting for both durable goods and services, according to recent Phatra Securities research. Meanwhile, James Pitchon, executive director of the international real-estate firm CB Richard Ellis in Bangkok, says year-on-year take-up of office space in the capital city was down 60% last year.

The new condo lifestyle - Tahiland property

Have you noticed the number of condominium projects under construction around Sukhumvit, Sathorn and Ratchadaphisek roads? Bangkok is witnessing not only a new trend in city living, but also the creation of a new community of condo dwellers clustered around the routes of the Skytrain and the subway.

Thailand: Economy back on track

It is clear that Thailand's political uncertainties have undermined business and investor confidence. The economy has slowed and consumption and investment have dropped. The good news is that the Thai economy will improve in this year's second half due to a series of economic stimulus measures.

Thailand considers early election

Thai PM Surayud Chulanont has said he might hold elections to restore democracy earlier than planned.

London prices drive investors abroad

Thailand one of the countries to benefit The boom in London property prices, partly caused by excessive demand for accommodation in the capital, is leading to high-earning property investors to look overseas to add to their real estate portfolio.

Thailand Real Estate & Property News

The success of the projects is evident. On a recent visit to the Udomsuk office, the sales people, who are extremely pleasant, said all of the 210 one-bedroom units, which are nicely designed and selling from Bt1.3 million, are booked.

Thailand to Seize $1.5 Billion of PM Thaksin's Assets

Thailand's army-backed government says it will seize 21 bank accounts with assets worth 52.9 billion baht (US$1.53 billion) from ousted Prime Minister Thaksin Shinawatra and his wife.

Nishaville – Beach Front Villa Resort Aiming at Swedes

Aleenta Resort & Spa is a Thai resort company and developer, so far with two boutique resorts on prime beach locations in Pran Buri and Phang Nga (north of Phuket). Recently they launched their second mixed-use development incorporating and upscale residential development and a hotel, this time targeting the Swedish market.

Thailand property - Golden Land

Flush with the success of its new property fund, Golden Land Plc is now working on two major central business district projects, one of them a nine-rai plot opposite the Queen Sirikit National Convention Center, according to CEO William Wilfong.

Major Cineplex to launch Thailand property fund

Major Cineplex Group, which operates Thailand's biggest cinema chain, plans to launch its delayed 2.29 billion baht ($66.2 million) property fund in early July, fund manager ING Funds, said on Friday.

Thailand's hospitality industry is drawing

CIT has seen several potential deals in the hotel and leisure industries worth about 15 billion baht since being set up four months ago, said Patima Jeerapaet, managing director of Colliers Thailand.

Rulings may ease Thai troubles

Thailand’s real estate and business players are optimistic that Wednesday’s rulings by the country’s Constitutional Tribunal will bring some much needed stability to the economy.

False advertising ploys of real estate developers

Is it too good to be true? In Pattaya where many atheists worshiping money in stead of god can easily make fortune from their euphemism. The soft target is always foreign property buyers who are gullible by their ignorance. The ignorance is not the stupidity but the lack of knowledge.

Bangkok property market sound despite slowdown

The Bangkok property market remains in line with overall Asia-Pacific trends, according to the latest Jones Lang LaSalle Asia-Pacific property digest.