Centara Hotels & Resorts has announced its third hotel in Bangkok, Centara Watergate Pavillion Hotel & Spa Bangkok, a 4-star property located at Rachaprarop and above the Watergate Pavillion shopping complex. The announcement follows the signing of a management contract on June 7, 2011 with Oversee Construction Co Ltd., the owners of the project. Centara’s […]
Continue ReadingKey issues on transport projects are awaiting decisions by the new government. A Transport Ministry source said one project was the Thailand-China high-speed rail system on which China is considering a memorandum of understanding submitted by Thailand. Prapat Chongsa-nguan of the Pheu Thai Party, former governor of the Mass Rapid Transit Authority, appears to be […]
Continue ReadingVattanac Properties Ltd, a leading property development company in Cambodia, has appointed Jones Lang LaSalle as property management consultants for Vattanac Capital, a mixed-use commercial development in Phnom Penh. Jones Lang LaSalle will provide property management consultancy, client representation and operations management services for the property. Vattanac Capital is the largest mixed-use development project in […]
Continue ReadingSingapore-based Dalvey Development plans to invest more in the Thai condominium market with a 1-billion-baht annual budget for new projects. The company is shrugging off political uncertainties, noting that Thailand is a very attractive market with high growth potential. Moreover, property prices remain low when compared to neighbouring countries, said business development manager Noel Goh. […]
Continue ReadingThe 5.3km-long Taksin-Phetchakasem skytrain extension construction, for which the Bangkok Metropolitan Administration (BMA) invested some Bt7.5 million, will be complete and ready for public service on December 5, 2012. BMA Govorner M.R. Sukhumbhand Paribatra and city executives Tuesday inspected the Pho Nimit station construction site which was in the process of placing the railway. He […]
Continue ReadingBang Buathong site sought for big plant The property developer Pruksa Real Estate Plc (PS) is looking for a large piece of land in the Bang Buathong area for a new precast concrete factory in the next two years, according to Jutha Promchinwong, the company’s deputy managing director. It wants a plot of around 200 […]
Continue ReadingThe Energy Ministry assured the Cabinet Tuesday that the gas leakage off Rayong’s coast would not lead to higher electricity bills to the public, though several power plants will need to shift to more expensive bunker oil following the suspension of the first gas transmission pipeline. Government spokesman Panithan Wattanayakorn said that the Energy Ministry […]
Continue ReadingRetrofitted buildings more competitive New building control regulations covering retrofits to enhance earthquake preparedness will help to boost confidence among users and tenants and make the structures more competitive. Buildings erected before 2007 will be allowed to meet only those earthquake resistance standards in force at the time of construction and will not have to […]
Continue ReadingCentara Anda Dhevi Resort & Spa Krabi – Honeymoon Suite Pool Access Centara Hotels & Resorts has announced that its second property at Ao Nang in Krabi will soft-open in September. Centara Anda Dhevi Resort & Spa Krabi is a newly-built, four-star property situated in extensive grounds and spread across five low-rise buildings. Just 100 […]
Continue ReadingGrowing demand also brings about high competition The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they launch condominium projects worth more than Bt100 billion, with more than 10,000 units. Since last year nearly 100 projects have been launched in the area by both […]
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