|
| Bright Outlook for Real Estate Firms in 2010 |
| UPDATE : 21 January 2010 |
A leading real estate consultant firm predicts a positive outlook for Thailand's property industry in 2010 in light of the recovering global economy.
Managing director of property agent CB Richard Ellis Group, Aliwassa Pathnadabutr, said the outlook for Thailand's real estate market is bright in 2010 as the world economy is doing better and local property prices are relatively low compared to those in other countries.
She added that the promising outlook is owing to an increase in home buyers' confidence.
Aliwassa revealed that the demand for office and commercial spaces as well as industrial sites has been humble for the past two years due to the recession but she expected the trend this year to be more favorable.
In term of the housing sector, she said foreign minority investors may find Bangkok's condominium market more attractive than those in cities such as Shanghai, Hong Kong and Singapore thanks to a desirable price range.
The top executive urged the government to extend tax incentives for the real estate sector which are due to expire in March, saying that the continuing measures will benefit both owners of large-scale housing projects and home buyers.
She also supported restructuring of tax collection structure and introduction of property tax laws to promote a fair business environment.
|
|
|
| |
|
|
|
|
|
