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Developers warn higher prices for units will be an
almost-certain result
Real-estate developers have warned they will likely have to increase residential property prices, as the government's tax incentives for home-buyers are set to expire against a backdrop of rising oil and construction raw-material prices. Competition in the property market is stiff, forcing developers to absorb cost increases. If the government does not extend its tax incentives for home-buyers, which expire on March 28, 2010, residential prices will increase by at least 4.2 per cent, they say. More>> |  |
Property industry to show 5-10%
growth in 2010
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Albright opens new condo
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Preuksa to invest Bt8 billion next year
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The real estate market could pick up 5-10 per cent if the recovery momentum extends into next year, property experts said yesterday.
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The new property developer Albright Holdings Co Ltd shifted from exporting textiles to launch a high-priced condominium worth 4 billion baht on Sukhumvit Soi 24.
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Property firm Preuksa Real Estate has set aside nearly Bt8 billion for the purchase of 50 plots of land, construction of a prefabrication plant and investment in the Maldives next year,
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| | | Ref No. INV001 | | Location : Soi Kasemsan 3 | | | 7% | | FORECASTED RETURN | | |
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| | | Ref No. INV004 | | Location : Sukhumvit 21-63 | | | | | Below Market Price | | |
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| | | Ref No. INV007 | | Location : Sukhumvit 39 | | | | | FORECASTED RETURN | | |
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| • Selling Off-Plan Contracts | |
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| | | Ref No. INV002 | | Location : Sukhumvit 71, Phra Khanong | | | | | 50000/sqm for Brand New Unit | | |
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| | | Ref No. INV005 | | Location : Sukhumvit 44/1 | | | 7% | | FORECASTED RETURN | | |
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| | | Ref No. INV008 | | Location : Sukhumvit 42 | | | | | FORECASTED RETURN | | |
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| | | Ref No. INV003 | | Location : Soi Pipat, Silom | | | 7% | | FORECASTED RETURN | | |
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| | | Ref No. INV006 | | Location : Sukhumvit 36 | | | 8.28% | | FORECASTED RETURN | | |
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| | | Ref No. INV009 | | Location : Sathorn/Silom | | | | | FORECASTED RETURN | | |
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