Developers continue to remain confident in the property market in 2013. Predictions are property will grow by 5-10 per cent, this based on strong growth in gross domestic product, which is anticipated at roughly 4-5 %.
This confidence is spurring a plan to launch new residential projects worth more than Bt200 billion next year. locations targeted are the Greater Bangkok community and upcountry regions such as Chon Buri, Pattaya, Hua Hin, Chiang Mai, Phuket and Khon Kaen.
The top three property firms - Pruksa Real Estate, Land & Houses and Sansiri - told The Nation last week that they would each launch between 30 and 40 projects, totalling nearly 100. These 3 developers projects are estimated to be worth around Bt90 billion to Bt100 billion.
Asian Property Development, a top 10 listed real estate firm, is planning at least 18 projects worth a total of Bt20 billion. SC Asset Corporation is also planning at least 14 projects worth Bt20 billion, and LPN Development is planning at least another10 projects. their projects will also be worth between Bt15 billion and Bt20 billion. This creates a total investment budget for these launches next year will be between Bt100 billion and Bt130 billion.
Pruksa Real Estate president and chief executive officer,Thongma Vijitphongpun has stated that the company has strong confidence demand for home purchases will grow next year at an estimated 5 to 7 %. This is in line with Thailand's expected GDP growth.
Kree Dejchai, SC Asset Corp chief operating officer, said the company would continue to focus on the middle-to-upper-income market next year. Up to 70% of its new projects will be low-rises projects including detached houses and townhouses.
Most property firms stated that the market this year would post 5-per-cent growth over 2011.
This confidence is spurring a plan to launch new residential projects worth more than Bt200 billion next year. locations targeted are the Greater Bangkok community and upcountry regions such as Chon Buri, Pattaya, Hua Hin, Chiang Mai, Phuket and Khon Kaen.
The top three property firms - Pruksa Real Estate, Land & Houses and Sansiri - told The Nation last week that they would each launch between 30 and 40 projects, totalling nearly 100. These 3 developers projects are estimated to be worth around Bt90 billion to Bt100 billion.
Asian Property Development, a top 10 listed real estate firm, is planning at least 18 projects worth a total of Bt20 billion. SC Asset Corporation is also planning at least 14 projects worth Bt20 billion, and LPN Development is planning at least another10 projects. their projects will also be worth between Bt15 billion and Bt20 billion. This creates a total investment budget for these launches next year will be between Bt100 billion and Bt130 billion.
Pruksa Real Estate president and chief executive officer,Thongma Vijitphongpun has stated that the company has strong confidence demand for home purchases will grow next year at an estimated 5 to 7 %. This is in line with Thailand's expected GDP growth.
Kree Dejchai, SC Asset Corp chief operating officer, said the company would continue to focus on the middle-to-upper-income market next year. Up to 70% of its new projects will be low-rises projects including detached houses and townhouses.
Most property firms stated that the market this year would post 5-per-cent growth over 2011.
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