Condo rental rates in Bangkok expected to face continued pressure.

January 18, 2010 - Bangkok

Rental rates in Bangkok´s condominium market are expected to face continued pressure during 2010 as more new units come onto the market.

Research from DTZ showed that during the final quarter of 2009, six projects with 1,408 units were launched within the Central Business District of the Thai capital.

The total number of launches in 2009 stood at 5,726 – a 196 per cent increase on the 1,938 units the debuted during 2008. Most new launches during the quarter were in the mid-tier range.

Developer is confident Thai property sector will fully recover by end of 2010.

December 11, 2009 - Bangkok

Industrial Buildings Corporation Ltd is optimistic the Thai property sector will experience a full recovery by the end of 2010.

Market sentiment has improved since early this year when the Israeli company and its Thai partner, Pace Development, formed a joint venture to construct the Bt14 billion MahaNakorn project.

OMA-Designed MahaNakhon Tower Announced

July 23, 2009 - Bangkok

The Office for Metropolitan Architecture (OMA) released renderings today of their forthcoming MahaNakhon tower and plaza in Bangkok, Thailand, with design led by OMA partner Ole Scheeren, head of the firm’s Beijing office.

The 1.6 million-square-foot, $515 million complex plans to include 200 apartments, a 150-room “Bangkok Edition” hotel operated by Marriott Group International with hotelier Ian Schrager, and mixed-use public and commercial space.

Construction begins later this year with an intended completion in late 2012.