Posts Tagged ‘crisis’

The global financial crisis has not stopped Phuket luxury villa earn Bt3.5bn in the first half of 2009. Based on the report from the Phuket Luxury Villa Market Update Mid-Year Report released by leading Thailand consulting firm C9 Hotelworks, sales volumes for units priced upwards of Bt65m outperformed other sectors by significant numbers. C9´s Managing Director Bill Barnett ... Full story

One of the sectors severely affected by the global financial crunch are the construction firms. Based on the data from the Stock Exchange of Thailand construction firms continue to report difficult business conditions extending into the second half despite some of them reporting year-on-year increases in their first-half net profit. Italian-Thai Development achieved first-half revenue of Bt21.16 billion, ... Full story

The second largest developer in Thailand has surpassed its sales target for 2009 despite the bad economy. With its achievement, Preuksa Real Estate (PS) is now planning to revise its sales target for this year from Bt18bn to Bt20bn after it surpassed its mid-year pre-sales target. Khun Prasert Taedullayasatit, the company’s COO, explained that despite a gloomy first ... Full story

To cope up with the financial crisis affecting many nations around the world, Thailanders are shopping less to save money. In a recent survey made by OgilvyAction it was also discovered that consumers are now thinking harder when shopping in stores because they have limited budgets and this change also affects certain product categories. Managing director Mitch Webber ... Full story

Due to the global financial crisis the number of local and foreign tourists visiting the world-class hideaway Koh Samui in Thailand has dropped. Based on the data gathered by the Tourism Authority of Thailand’s (TAT) visitors who flocked Koh Samui has dropped to 40-50 percent compared to the same figure in 2008 in the first six months ... Full story

There is still some pot of gold in the end of a rainbow. This is the scenario in Phuket, Thailand when another world-class condominium property was successfully completed and now for occupancy to the public. Luxury property developer, Raimon Land, recently celebrated the completion and opening of its award-winning The Heights Phuket condominium development on Phuket Island. The 51-condominium ... Full story

Good news to all Thais, despite the economic crisis retail supply stores in Bangkok, Thailand continuous to grow. This was revealed in the latest report released by Colliers International, one of the highly respected real estate consultants in the world. Colliers International said Thai developers are pushing ahead with plans for new retail stores in Bangkok withstanding the ... Full story

TO cope up with the global financial crisis, budget hotels are sprouting in Thailand. Accor Hospitality, one of the leading hotel operators in Thailand is aggressively expanding its budget hotels in the highly progressive Asian country. Now, Accor operates five budget hotels in Thailand namely: Ibis Phuket Patong, Ibis Pattaya, Ibis Bangkok Sathorn, Ibis Samui Bophut and Ibis ... Full story

THE GLOBAL financial crisis and the ongoing political trouble have not totally dampened the economy of Thailand. In a recent study, it was discovered that 15 of Thailand's listed property developers increased its profit by 13-26 percent in the first quarter of 2009. Among the housing developers, Supalai lead the pack in terms of earnings as it posted ... Full story

TO cope up with the current political and global financial crisis, Thai investors are seriously planning to invest outside of Thailand to recover their financial losses. Suphin Mechuchep, managing director of international property agency Jones Lang LaSalle in Thailand revealed Thai investors are planning to pour in some money in commercial buildings outside their own country particularly ... Full story