The joint investment project was announced last October, between Major and AIG Global Real Estate, the real estate investment arm of American International Group (AIG), to pioneer the upper-upscale sector in the Thailand property market. The new joint venture, MJAI Development Co ltd will be building a new super-luxury condominium tower in Bangkok's prime location.
AIG Global Real Estate Investment (Asia) LLC, is a part of AIG Global Real Estate, a group of international real estate companies that actively invests in and manages real estate for clients and AIG member companies in over 50 countries around the world.
Suriyon is also confident of continued growth in the Thai property sector despite the US financial crisis, citing that low transaction fees and low interest rates are still buoying home purchases.
Tuesday, September 30, 2008
Saturday, September 20, 2008
Thailand to join real-estate expo in Munich
MUNICH — Expo Real 2008, the top international exhibition on real-estate, and an Expo Real Viet Nam – Thailand Forum will be held together in Munich, Germany, from October 6 to 8.
The exhibition is considered a good chance for domestic real-estate companies to call for foreign capital and to introduce their plans to foreign investors.
Last year, Expo Real 2007 attracted nearly 24,000 visitors from 77 countries and territories.
The exhibition is considered a good chance for domestic real-estate companies to call for foreign capital and to introduce their plans to foreign investors.
Last year, Expo Real 2007 attracted nearly 24,000 visitors from 77 countries and territories.
Wednesday, September 10, 2008
Thailand's political turmoil shakes tourists and investors
BANGKOK (AFP) — The political turmoil playing out in Thailand's capital is damaging the kingdom's economy, hitting its thriving tourism sector and making investors wary, business leaders said.
Analysts predict sliding stock prices and cancellations of tourist bookings will only worsen as anti-government protests and a state of emergency in Bangkok continue.
"The current political problems will later cripple the country's economic growth," warned Kavee Chukitkasemm, assistant managing director at Kasikorn Securities.
Thailand's stock market is down more than 26 percent since anti-government protests first broke out in late May, with the market's composite index losing 5.64 percent over the past week.
Analysts predict sliding stock prices and cancellations of tourist bookings will only worsen as anti-government protests and a state of emergency in Bangkok continue.
"The current political problems will later cripple the country's economic growth," warned Kavee Chukitkasemm, assistant managing director at Kasikorn Securities.
Thailand's stock market is down more than 26 percent since anti-government protests first broke out in late May, with the market's composite index losing 5.64 percent over the past week.
Tuesday, September 2, 2008
Phuket market growing despite economic slowdown
Political instability in Thailand and a global economic slow-down have failed to curb Phuket’s booming property industry, according to a report in The Nation newspaper.
Quoting sources from several top real estate agencies, the report claims that Phuket’s strong tourism market is providing the boost needed to counter a slowing national economy.
Phuket remains an attractive retirement destination and every year more and more retirees are looking to Phuket. The growing number of tourists that choose to make Phuket their second or third home has also spurred the exponential growth of the property industry on the island.
Quoting sources from several top real estate agencies, the report claims that Phuket’s strong tourism market is providing the boost needed to counter a slowing national economy.
Phuket remains an attractive retirement destination and every year more and more retirees are looking to Phuket. The growing number of tourists that choose to make Phuket their second or third home has also spurred the exponential growth of the property industry on the island.
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