22 Mar '16, 5am

Thai developers now building more luxury homes - PropertyGuru Singapore (press release)

The interior of an apartment unit at 98 Wireless. Property firms in Thailand have already launched several residential projects targeted at the high-end market in the first quarter of 2016, reported The Nation . This is due to the high household debt, which continues to create uncertainty in other segments of the property market. Anant Asavabhokhin, Chairman of Land & Houses’ Executive Board, reckons that the government should stimulate spending in the luxury segment, to help boost the overall economy. Land & Houses recently launched an upscale detached housing project in the Rama II area, and is one of a handful of developers hoping to cash in on the growing demand for high-end condos and detached homes. And it doesn’t look as though this trend will subside anytime soon. Launching luxury units at this time helps developers to boost pre-sales, as banks are still reluctant ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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