Thai Property Continues To Be the Top Most Priority among the Investors

Raimon Land, one of the leading developers of Pattaya recently stated that it’s projects will be opened on the planned time with the latest approval of the EIA for The Lofts Southshore and the ongoing progress for the company’s major development, Northpoint. The persistence of these projects in the face of the financial slump disproves any negative outlook that the property market of Pattaya is inactive.

With the approval of the EIA for The Lofts Southshore, the project can now get off to its completion with assurance as the major trouble being solved. Till now, approximately 90 units of this project were sold; viewing that off-plan sales buoyancy is still there among careful investors, in spite of political disturbances.

Northpoint, too, is making major developments, work having been constant through Songkran and with the destruction of the beachfront sales offices, the primary work on the landscaping can begin.

Raimon Land’s fresh project, The Edge, has just gone through the intangible design stage, displaying excellent progress for the company all together in Pattaya. On the whole, Pattaya property market looks to be in a good position, with prices are constant.

A persistency in prices is also observed in Samui and Phuket, where there is a different disinclination among developers to decrease prices. They keep up any reductions would be motivated by investor influence and the overseas and local ex-pat investors, who comprise the majority of the investors in these two resorts, do not have enough weight of power and developers which would to a certain extent take developments off-line and put them on hold than making available significant discounts. Though, the condition may be dissimilar in Bangkok, as the majority of investors there are Thai, who do have the necessary control.

Thailand Property Market Improving Little Bit In 2009

A leading property developer of Thailand, Puerska Real Estate Plc has observed that its sales figure has improved a little bit in the initial two months of this year. This increase in sales figure had given strength to their confidence and in the initial quarter of 2009 they are looking forward to attain a sale figure of at least Bt3 billion.

This increase in sales figure of a particular property developer firm is also showing positive signs of recovery of the entire Thai property market.

The sale figure of Puerska is Bt 1.3 billion in February 2009 and Bt 995 million in January 2009. The sale figure in December 2008 was Bt 400 million. Most of the properties sold by Puerska include single houses and town houses.

Puerska is all set to launch 22 fresh projects this year. In total this projects will be of value Bt15-18 billion. Puerska Real Estate Plc is also ready to launch its first international project in Bangalore, India. Among the remaining 21 fresh projects, 8 are all set to be launched in the first quarter of 2009. These 8 projects will comprise of approximately 2625 units of total value Bt 5.93 billion. These are 4 townhouse projects, 3 single housing projects and 1 low rise condominium project.

Several other property developer firms are also ready to launch many fresh projects in the first quarter of 2009. These projects will be of value around Bt.30 billion.

Launch of these fresh projects in the market will certainly boost confidence in the market.

Another leading developer Sansiri has already launched 11 fresh projects till now in 2009.

Land and Houses Developers have launched 3 fresh housing projects of value nearly Bt.3 billion in the initial two months of 2009.

Many other leading developers like Supalai, Asian Property Development and Pace Development etc. have launched fresh projects in the initial two months of 2009.