Thailand Business News – Thailand Business News
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For the third consecutive year CB Richard Ellis (CBRE) Thailand has made outstanding achievements at the Asia Pacific Property Awards in association with Bloomberg Television. The winners were announced at the gala dinner on 31st May at The Longemont Hotel in Shanghai which was well attended by hundreds of property professionals from across Asia Pacific. The annual event is part of the International Property Awards, the world’s most prestigious competition dedicated to identifying the best real estate professionals across the globe.
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CBRE Thailand wins 4 Property Awards
When the crisis ignited on Wall Street hit Thailand, our economic engine stalled early in 2009 and so did developers’ sales and revenues.
Third, and perhaps most importantly, the property sector is benefiting from a deep and fundamental change in Thai society. Traditionally, children have stayed in their parents’ home well into adulthood. Even though they may work in urban areas, they often live in suburban neighborhoods and commute to work.
Only large developers on the stock market remain on the Thai market, as they can access a source of funding. Prices of single detached houses and townhouses only rose moderately over the past year, with condominium prices increasing the most to more than 100,000 baht a square metre in Bangkok from 80,000 to 90,000 baht.
