Real Estate & Currency Exchange News in Thailand from Propertyshowrooms.com

Thai developers 'adjusting to the economic downturn'

Fri, 7 Aug 2009 00:00:00 GMT

The economic downturn has resulted in developers in Thailand making changes to the types of properties they have available.

This is the view of Marcus Burtenshaw, director at Knight Frank Chartered Thailand, who told Property Report Asia that many are carrying out more market research to ascertain trends among those looking to purchase real estate in the country.

Noting that the high-end market in the country has suffered of late, he told the news source: "Developers might find that projects directed to the mid-range or budget end will be more successful."

Mr Burtenshaw added that construction is still continuing despite the financial crisis, with lower commodity prices meaning that developers are "pushing ahead with carefully considered projects".

Elsewhere in Asia, the Global Property Guide for 2009 recently stated that the effects of the global economic downturn on the property market in Malaysia have been minor.

It ranked the country as ninth out of a total of 91 territories.

BOT: baht not performing worse than the region

Fri, 21 Nov 2008 00:00:00 GMT

(BangkokPost.com) - Bank of Thailand governor, Tarisa Watanagase reaffirmed the baht's value is still moving in the same direction as other currencies in the region and has not depreciated much...

BoT fails to halt baht drop

Tue, 2 Sep 2008 00:00:00 GMT

The baht fell to a one-year low against the US dollar on Tuesday morning shortly after the prime minister declared a state of emergency, even though the Bank of Thailand intervened in the foreign exchange market...

Baht weakens to 9-month low

Wed, 20 Aug 2008 00:00:00 GMT

The Thai baht continued to weaken on Wednesday’s morning trading and broke through a psychological support level to stay at 34.15 to the US dollar, the lowest in 9 months, according to the Kasikorn Research Center...

BOT: Baht's devaluation follows other Asian currencies

Tue, 19 Aug 2008 00:00:00 GMT

(BangkokPost.com) - Bank of Thailand (BOT) governor Tarisa Watanagase said the depreciation of Thai baht is in line with other Asian currencies...

Thailand Property Still Buoyant

Tue, 3 Oct 2006 00:00:00 GMT

Despite last month's coup in Thailand, many investment analysts, amongst them Colliers CRE, are confirming there has not been a fall in property demand in Thailand. In fact the property market still looks sound, and the Thai interim government is intent on keeping the property sector buoyant.

Fund managers are reinforcing general views of economic stability, good exports and the fact that the coup was merely a result of short-term volatility. Banluesak Pussarangsri, director of Bangkok Bank’s Macro-economy Analysis Centre, draws attention to the fact that the currency and economy have actually stood up well in the face of recent events and states the Thai economy is expected to continue growth at approx. 4.5% this year. Meanwhile, many shrewd property investors are using the aftermath as an opportunity to buy in at better prices.

Thailand's new Suvarnabhumi Airport is preparing to open soon and it is expected this will transform Pattaya and its surroundings into a family resort area. Developers are buying up land to build quality hotels and shopping malls etc. and it is believed Pattaya will transform over the next five to 10 years. Other hotspots are currently in areas near the airport at Hua Hin, and Phuket, where tourism remains strong and well able to keep the property sector buoyant.