Thailand Business News –
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The Thanachart Bank Thailand Property Awards were first held in 2006. Now in their sixth year, the awards aim to promote, reward and showcase the best in Thailand’s real estate industry. |
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Winners of Thailand Property Awards 2011 Announced
While focusing on different products, detached houses and townhomes in greater Bangkok, the company spent much of last year improving its key financial ratios.
Several factors have contributed to the strong and rapid rebound.
The mid to high-end segment boomed this year in Thailand as demand was wide and remained strong. The high-end will recover in the third or fourth quarter. But supply in this segment is very limited due to scarcity of land for new developments. Around 80% of the new launch in this segment was taken up. New supply in the high-end segment, now quoted at 150,000 to 200,000 baht a square metre, will be provided by developers with a strong financial status, experienced teams and products that match demand.
Currently, the MahaNakhon project is the only new high-end project in the pipeline. The Sukhothai Residence project on Sathorn Road, which is 70% sold, has frozen sales until demand can sustain the desired prices.
