Archive for the ‘Development News’ Category

A low cost yet creatively decorated condominium property will soon rise at the Sukhumvit Soi 26, Sukhumvit Road in Bangkok, Thailand. No less than the Preuksa Real Estate, the second leading property developer in Thailand will finance the boutique looking condominium property. Chief operating officer, Prasert Taedullayasatit revealed they designed the project with creative art from several artists, ... Full story

Thailand's biggest company that arranges the auction of second-hand vehicles will soon launched the "Khao Kho Hiland City" property development project in the Khao Kho district of Petchabun province that aims to capture rich clients. Union Action Group will embark on the property development after its resort in  Khao Koh, launched a decade ago, became a such ... Full story

One of the leading housing developers in Thailand has recently launched its service apartment project in Bangkok. Oakwood, the leading global temporary housing provider, has launched Oakwood Residence Garden Towers Bangna Bangkok. Situated some 15 minutes from Bangkok´s international airport, the project is the first internationally managed serviced apartment block to open in the Bangna district. The ambitious project ... Full story

In 2010, another residential condominium property will joint the ranks of other properties in Bangkok, Thailand. Italthai has recently announced the launch of its exclusive residential project, Oriental Residence, on Wireless Road, Bangkok. Due to be completed by the end of 2010, the project will offer a new dimension to the area with a 32-storey condominium overlooking the ... Full story

To cope up with the financial crisis, one of the top operators of amusement park in Thailand is now planning to operate malls in the top Asian country. The management of Rangsit Plaza Co, the operator of Future Park Rangsit, plans to expand into mall management this year as smaller operators struggle to cope with the recession. Ratana Anuntanupong, the company's ... Full story

The financial crisis affecting almost all nations worldwide has also taken its toll in Phuket, Thailand. Based on the Phuket Hotel Market Update Mid-Year Report released by respected hospitality consulting firm C9 Hotelworks has negative impact on 48 percent of property projects in Phuket. Despite the negative news, developer's enthusiasm to construct more property projects in the island ... Full story

One of the top hotels in Thailand is now mapping out strategies to bring back Japanese tourist in one of the best vacation sites in Thailand. Royal Orchid Sheraton Hotel & Towers is currently doing its best to revive the Japanese market after arrivals dipped to their lowest level in nine years. To achieve their goal, the Bangkok ... Full story

A respected property developer will soon construction a condominium property on New Phetchaburi Road to capitalize on the completion of the Airport Link. Fragrant Property plans to launch the 3-billion-baht condominium project  on a four-rai plot opposite Fragrant's flagship Circle project in 2010. Company CEO James Duan revealed they will start the construction of the property in line ... Full story

To usher development in the whole city of Bangkok in Thailand, the Bangkok Metropolitan Administration (BMA) and the Interior Ministry have set up a committee that will work closely with six neighbouring provinces to integrate their development with Greater Bangkok´s city plan, due to be launched in 2011. The BMA's Department of City Planning identified the provinces ... Full story

To better serve the public and further increase its revenues, the operator of Skytrain in Bangkok, Thailand has planned to expand its business by becoming a property developer, focusing solely on locations around the Skytrain's routes. The Bangkok Mass Transit System (BTS) has allocated Bt5 billion to develop properties it owned at five locations. They include land ... Full story