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Bangkok House Developer Supalai, Expects Q3/Q4 Recovery

By on Jun 06, 2016 in Property News, Residential

The Bangkok house developer, Supalai is expecting the property sector to recover later this year even though tax incentives have expired. The Chief Executive, Prateep Tangmatitham said the overall economic outlook was improving with positive factors including low interest rates, the government’s economic stimulus measures and spending on mega projects. He said some small and medium sized developers had struggled to get loans for condo projects from financial institutions as their sales rate might be too small.

Supalai Managing Director Tritecha Tangmatitham said the property market was not so poor for large developers.  “In unfavourable market sentiment, consumers prefer to choose reliable brands or developers. Even contractors choose to deal with large developers as they have fewer financial problems,” he said.

Supalai plans to launch 17 projects worth 25 billion THB in the second half of 2016 after launching 7 projects worth 7.1 billion THB in the first 5 months.

CBRE Bangkok have a range of houses and condominiums for sale in Bangkok.

Source: Bangkok Post 28th May 2016
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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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