New projects to drive 2010 revenue up 30 pct
* To launch 48 projects worth 30-35 bln baht this year
* Plans 1.5-2.0 bln baht of bonds to fund expansion (Add details, quotes)
BANGKOK, Jan 11 - Preuksa Real Estate PCL, Thailand's second-largest housing firm by market value, said on Monday it expected revenue growth of at least 30 percent this year, more than forecast, as it launched new housing projects.
Seventeen projects launched in the fourth quarter of 2009 and another 48 new projects worth 30-35 billion baht this year would help push up growth, chief financial officer Somboon Wasinchutchawal told Reuters.
"This year's growth will mainly come from new detached houses and town house projects which were already released late last year," Somboon said, adding they would realise revenue of 9-10 billion baht this year.
Wednesday, January 13, 2010
Saturday, January 9, 2010
Thai property market lagging Asia: REIC
(Source: Bangkok Post)trackingBy Bangkok Post, Thailand
Jan. 7--The property market should improve this year due to progress on new mass
transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region. The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Jan. 7--The property market should improve this year due to progress on new mass
transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region. The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Thursday, January 7, 2010
Thai property market lagging Asia
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
Thai property market lagging Asia
The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC).
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region.
The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Stimulus packages implemented in China and other countries including Thailand, aided the rebound.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
The strength of East Asia's economy in part buoyed the Thai economy last year, helping the country to better cope with upheavals caused by the global financial crisis, the report said.
Economies such as China, South Korea and Taiwan, recovered quickly due to an increased influx of capital seeking the higher returns available in the region.
The rise in East Asia's stock markets outperformed those in other regions, enabling investors to reap the gains and make investments in property, said the report.
Stimulus packages implemented in China and other countries including Thailand, aided the rebound.
More capital will flow into the region throughout 2010, especially in China whose economy is larger than Germany's and is now ranked third in the world behind the US and Japan.
China's economy is likely to exceed Japan's within the next two years, the report said.
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