Developer says foreigners will be attracted to resort projects in places like Hua Hin, Phuket Thailand’s Sansiri Group, one of the country’s largest developers, is looking to sell more homes to Singaporeans and other foreigners as the Thai property market recovers from the devastating effects of last year’s floods. “Prices here are so much cheaper than in Singapore and we have a lifestyle here...
Thailand Property
Despite its name, there is nothing small about the Minor Group, which plans to attract Singaporeans to invest in Thailand's luxury property sector as well as expand its presence in Singapore. With gross revenues of over S$1 billion, Minor is one of Thailand's largest hotels and resorts operators with over 70 properties, and also one of the country's largest fast-food operators, with over 1,200 outlets...
PACE Development on Wednesday announced its Singapore roadshow for Thailand's super luxury Ritz-Carlton Residences development. The Thai residential property developer, which focuses exclusively on prime-location projects, said that strong interest from Singapore investors led them to stage the roadshow for the Ritz-Carlton Residences, Bangkok. The Ritz-Carlton Residences, to be located in Bangkok's...
Mainboard-listed luxury resorts operator Banyan Tree says one of its subsidiaries is selling a hotel asset in Thailand for some S$110 million. The subsidiary, Laguna Resorts & Hotels, is selling the "Dusit Thani Laguna Phuket" in Phuket to Dusit Thani Public Company. The expected gain on disposal for Banyan Tree is about S$68.4 million. The excess of the sale proceeds over the book value is expected...
Mainboard-listed Amara Holdings' hospitality arm, Amara Hotels & Resorts, says it will develop its first hotel in central Bangkok. The 272-room hotel will be located on Surawong Road, an area known for its rich and colourful local entertainment and shopping activities, as well as the financial district of Bangkok. Amara says the location was also chosen for its convenient access to and from...
Mainboard listed engineering and real estate group TEE International said it has bought a plot of land in the Thai capital Bangkok for S$6.6 million. The parcel, which spans 6,312 square metres is located near Bangkok's Ramkhamhaeng University and shopping malls. TEE International said the area is popular for education and commerce and is well connected by transport infrastructure. It intends to develop...
Two Singapore-listed developers are offering a buyback scheme for a new condominium project in Bangkok. Under the deal, buyers who are not satisfied with their units at The Surawong can sell them back to the developers at 95 per cent of the purchase price. Developers Tee International and Hup Soon Global are launching the project in Singapore on Friday. The Surawong comprises 52 freehold units, ranging...