http://www.biz-day.com/property_and_construction/ Business Day Property & Construction Headlines en-us BANGKOK, Jan 22 - Foreign investors are paying less attention to Thailand's property market following unfavourable incidents in the past month, according to a leading real estate service agency.'Jones Lang LaSalle president Supin Meechucheep said the company had previously projected that the property market in Bangkok would be quite promising this year, with property firms enjoying strong operating results.'Such a projection had not factored in several unfavourable incidents that have... http://www.biz-day.com/read/property_and_construction/22_jan_07/itx6q-n/foreign_investors_less_attentive_thai_property_market.htm Bangkok, Nov 21: Dubai-based hospitality group Jumeirah, a unit of Dubai Holding, has been appointed by TGR Group-Asia to manage five-star private island resorts under development in Thailand's Ao Po Bay. 'Scheduled for completion in late 2008, the Jumeirah Phuket Private Island Resort will feature 65 deluxe pool villas, 12 three-bedroom luxury residential villas, four restaurants and bars as well as leisure, spa and fitness facilities, including a 400 metre private beach, reports Gulf News.... http://www.biz-day.com/read/property_and_construction/21_nov_06/fqf2a-b/jumeirah_manage_exclusive_private_island_resort_phuket.htm BANGKOK, Nov 13 - Bangkok's commercial office property market has not been adversely affected by recent political uncertainties, but total leaseholds of office buildings in the business center increased only slightly, according to world leader real estate service Jones Lang LaSalle. ' 'Dan Tantisunthorn, head of Jones Lang LaSalle (Thailand) Co, said the demand for office properties in the city by both Thai and multinational companies still was increasing satisfactorily.' 'In the third... http://www.biz-day.com/read/property_and_construction/13_nov_06/crpn8-3/commercial_property_market_grows_despite_recent.htm Housing loans extended by local financial institutions in the second quarter of this year continued to grow although commercial banks had raised lending rates, according to the Bank of Thailand (BOT).'Reporting housing loan figures released by financial institutions in the second quarter, the central bank said recently that the loans stood at 1.27 trillion baht as of the end of the second quarter, up 58.57 billion baht or 4.8 percent from the first quarter of this year, and 154.97 billion baht... http://www.biz-day.com/read/property_and_construction/24_aug_06/gicie-m/q2_housing_loans_increase_4_8.htm EKARIN PETSIRI'BUSINESS DAY'MK Real Estate, a middle-end residential developer, revised its sales target to 2.5 billion baht with a total growth at 10-12 percent this year due to high oil prices and increasing interest rates.'A source said around 19 percent of the total sales worth 820 million baht were cancelled in the first half of this year.'However, the company expected to reach the sales target from four new middle-end single detached housing projects worth around 3.5 million... http://www.biz-day.com/read/property_and_construction/25_jun_06/eu8gw-x/mk_adjusts_2006_sales_target.htm Construction contractor CH. Karnchang Plc has signed a 1.45-billion-baht contract with the Royal Irrigation Department to build drainage ways and roads in the area of the Suvarnabhumi Airport, the new Bangkok international airport which is due to commence operations later this year. The construction period is set for approximately 780 days. 'Newspaper publisher Matichon Plc will pay 0.35 baht a share full dividend for 2005 on May 18. The share registration book to determine dividend rights... http://www.biz-day.com/read/property_and_construction/21_mar_06/c9tec-n/ck_signs_1_45bn_baht_drainage_deal.htm SEOUL - Orders won overseas by South Korean civil engineering firms jumped last year to top the benchmark 10-billion-dollar mark thanks in large part to the booming Middle East, data showed yesterday. 'South Korea secured a total of 281 overseas construction contracts worth 10.86 billion dollars in 2005, up 45 percent from 2004, the construction ministry said in a report released by Yonhap news agency. 'The orders exceeded 10 billion dollars for the first time in eight years since a... http://www.biz-day.com/read/property_and_construction/15_jan_06/f6nii-w/sk_construction_orders_top_10_bn.htm Construction of the first four expansion phases of Bangkok's mass transit rail systems will move much closer in mid-2006, following agreements on the conditions of construction.'The terms of reference (TOR) on building the first four of 10 planned integrated mass transit rail systems covering most of greater Bangkok and its neighboring provinces is expected to be signed between successful bidders and the Thai government as early as July 2006, Transport Minister Pongsak Raktapongpaisal said... http://www.biz-day.com/read/property_and_construction/25_dec_05/iizar-k/rail_contracts_be_signed_mid_2006.htm Ascott expands beyond Bangkok and enters Pattaya with a management contract for Thailand's largest serviced residence, Somerset Nusasiri Pattaya. 'The Ascott Group (Ascott) has secured a management contract for a 630-unit serviced residence from The Nusasiri Group, a leading real estate developer in Thailand, as the serviced residence, which will be located along Jomtien Beach, is aimed at catering to long-stay expatriates from burgeoning industrial and manufacturing zone in Eastern Seaboard... http://www.biz-day.com/read/property_and_construction/25_dec_05/caggw-p/ascott_expands_operations_pattaya.htm Land & Houses Retail Bank Plc, an affiliate of the country's largest housing developer Land & Houses Plc), plans to upgrade into a full-service commercial bank and list on the Stock Exchange of Thailand around the end of 2008. 'The bank is also planning to increase its registered and paid-up capital to 2.6 billion baht ($63.6 million) by the end of 2006 from 1.5 billion baht at present to meet growing demand for credit - mostly housing loans, bank President Anant Asavabhokin, pictured, said... http://www.biz-day.com/read/property_and_construction/20_dec_05/hpf4r-d/land_houses_bank_list_set.htm The Thai government-sponsored mega-projects, including 10 mass transit rail systems covering most of Bangkok and its surrounding areas aimed at easing the traffic problems in the capital, will not be implemented simultaneously as the government will have to also take financial discipline into consideration, Government Spokesman Surapong Suebwonglee said here on Friday.'Dr Surapong said that the mega-projects would be prioritised, as the government would have to certify that total public debts... http://www.biz-day.com/read/property_and_construction/18_dec_05/g834u-4/mega_projects_not_start_simultaneously.htm The government has announced expanded plans for an integrated mass transit rail system covering most of Bangkok and its surrounding areas, with the aim of improving urban communication and easing traffic congestion.'Transport Minister Pongsak Raktapongpaisal revealed that the system, which might be built over the coming years, will see three new electric train lines added to seven previously plannedroutes. The 10 lines will also have links to the existing underground and Skytrain systems.'The... http://www.biz-day.com/read/property_and_construction/01_dec_05/eg78q-9/mass_transit_rail_plans_ease_jams.htm Thailand will spend 40 billion baht ($975 million) to build an elevated train network in Bangkok after studies showed a plan for a special lane for buses wouldn't ease traffic, Transport Minister Pongsak Raktapongpaisal said. 'Work on the train line between Bang Sue in the capital and Bangyai district in nearby Nonthaburi province will start next year, Pongsak told reporters in Bangkok today. 'Prime Minister Thaksin Shinawatra set a plan for the government to spend as much as 1.7 trillion... http://www.biz-day.com/read/property_and_construction/05_oct_05/h6hxu-c/govt_build_40bn_baht_railway.htm Thai construction firm Ch Karnchang Plc said yesterday it plans to sell a combined 9.8 percent stake in its 99.99 percent-owned unit Thai Tap Water Supply to three parties for a total of 855.5 million baht .'Ch Karnchang will sell a 2.5 percent stake, or 750,000 shares, in its tap water production and distribution unit to Thai Military Bank Plc, and another 2.5 percent to Bangkok Bank Plc at the price of 290 baht a share, the company said in a statement to the Stock Exchange of Thailand.'The... http://www.biz-day.com/read/property_and_construction/29_aug_05/g794r-5/karnchang_sell_stake.htm The government has set aside a budget of 70 million baht to ensure safe and quick passage for some 44,000 tonnes of the longkong fruit harvest from the southern border provinces to reach consumers in the rest of the country. 'Farmers in the three southernmost provinces have suffered economic losses from security threats which deter the harvest, as well as sales and distribution. 'As the peak harvest for longkong is about to set in, government officials yesterday met to consider measures to... http://www.biz-day.com/read/property_and_construction/08_aug_05/jsbkb-f/govt_ensure_safe_passage_of_longkong.htm Thailand plans to select this year the contractor for its new 25 billion baht ($595 million) electric train system as part of government's plans to ease traffic congestion.'The construction of the 23-kilometer elevated train system will start early next year and be completed in 2009, Prapat Chongsanguan, pictured, governor of the Mass Rapid Transit Authority of Thailand, told reporters in Bangkok. The new train line will link the district of Bangsue with Bang Yai, one of Bangkok's biggest... http://www.biz-day.com/read/property_and_construction/11_jul_05/e29ve-7/train_system_contract_be_given.htm <BR>You can read the rest if you subscribe http://www.biz-day.com/read/property_and_construction/14_oct_04/f3w4t-w/property_goes_up_smoke.htm