TCC Still Waiting For the Right Time to Come

At the same time as a lot of Thailand's bigger property developers look as if confident of economic upturn and are launching fresh projects at full steam in advance, Thai-Singaporean joint project TCC Capital Land continues to be careful, saying the market is still inactive for developers and is simply in favor of purchasers.

The company, in cooperation possessed by Charoen Sirivadhanabhakdi and the Singaporean-based CapitaLand Group, is still researching the market vigilantly and in the hunt for the "right time" to launch fresh projects.

As per the CEO of the company, although lots of economics experts were quite optimistic there were only a few signs of a better economic situation and that this was expected to turn up in the last four to five months of 2009, so, there persists a few erratic aspects that could outcome in a slow recuperation around the world. These take in political matters in several countries, interest rates, limitations on new loans forced by banks and financial institutions, price increases and joblessness.

Thailand is facing all of these economic intimidations in the middle of an unsteady political atmosphere that is not encouraging for an active market.

"We think the property market for the last six months of the year 2009 will continue to be inactive for developers however would be in favor of purchasers. Therefore, we're cautiously looking out the circumstances, to settle on the right timing to launch fresh projects," he said.