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    With Dubai Expo Postponed, Home Buyers to Benefit from Another Year of Price Declines

    With Dubai Expo Postponed, Home Buyers to Benefit from Another Year of Price Declines

    Home values, where overbuilding has caused a yearslong price slump, were already down 30% from their last peak in 2014 The pandemic and the resulting postponement of Dubai’s long-awaited World Expo, which was supposed to commence in October, ensures the city’s yearslong price slump will persist for at least another year. “Last year, we said […]

    Chalong Underpass makes breakthrough

    Chalong Underpass makes breakthrough

    PHUKET: The tunnel that will become the Chalong Underpass has now been fully excavated and the construction engineer for the project still hopes that the underpass will be open to traffic in April. Somkiet Yimpong, Project Manager at the Phuket office of the Highways Department, told The Phuket News yesterday (Feb 15) that the tunnel […]

    Phuket light-rail up open to public by 2023, assures official

    Phuket light-rail up open to public by 2023, assures official

    PHUKET: Local residents will be able to get on board Phuket’s light-rail by 2023, a top official behind the project has assured. Niran Kaetkeaw, the Director of the Regional Bureau of Transportation and Traffic Promotion, Office of Transport and Traffic Policy and planning (OTP), said on Friday (Oct 26) that the project was making good […]

    Central commits to B1bn Phuket lifestyle mall

    Central commits to B1bn Phuket lifestyle mall

    BANGKOK: The Central Group of Companies, Thailand’s biggest retail conglomerate, plans to spend B1 billion to build its first outdoor lifestyle mall in the Bang Tao area of Phuket next year. Lertvit Pumipitak, the group’s senior executive vice-president of corporate business development, said the company will start to develop Porto de Phuket on 50 rai […]

    Michael Ayling takes the reins at B1.3bn Blue Tree waterpark

    Michael Ayling takes the reins at B1.3bn Blue Tree waterpark

    PHUKET: Blue Tree Phuket has announced the appointment of Michael Ayling, a veteran of Phuket’s hospitality scene, as its General Manager. Having worked in a consulting capacity for the past 24 months, Mr Ayling now takes the reins to lead the development, beginning with its opening to the public in early 2019. The B1.33 billion […]

    Here are new rules to consider before you build in Phuket: expert

    Here are new rules to consider before you build in Phuket: expert

    Hillside and cliffside developments in the Thai island require careful planning Developers who want to build on vantage points, promontories, and other plots of significant terrain in Phuket will need to contend with the government’s new environmental regulations for the touristy Thai island, a leading hospitality consultant said. Under rules issued by the Ministry of Natural […]

    Good fortunes forecast for 2018

    Good fortunes forecast for 2018

    The EEC, mass transit projects and a brighter economy bring good tidings for the real estate market. Thailand’s property market prospects are expected to be bright next year based on the country’s economic expansion, government spending on big-ticket infrastructure projects and the rise of the Eastern Economic Corridor (EEC). Surachet Kongcheep, a property analyst, says […]

    Thailand GDP From Construction

    Thailand GDP From Construction

    GDP From Construction in Thailand increased to 77237 THB Million in the fourth quarter of 2016 from 66489 THB Million in the third quarter of 2016. GDP From Construction in Thailand averaged 58891.02 THB Million from 1993 until 2016, reaching an all time high of 103692 THB Million in the first quarter of 1996 and […]

    Suburban Property market is booming in major Southeast Asian cities

    Suburban Property market is booming in major Southeast Asian cities

    As the advance of transit systems gives rise to suburban bed towns in Southeast Asia, real state developers are quickly seizing the opportunity to supply homes to the emerging ranks of residents who commute to city centers. Near the Chatuchak subway stop about 10km north of central Bangkok, real-estate developer Sansiri is building a large […]