The southern property market has bottomed out after falling rubber prices threw the region’s economy into the doldrums in recent years, says the Bank of Thailand.
The Office of the Consumer Protection Board (OCPB) will summon property associations to discuss poor-quality housing projects next month after complaints soared by 68% in the first five months of this year.
Heavy land subsidence has been found in parts of the Baan Klang Krung housing estate in Ratchavipha after a team of Engineering Institute of Thailand (EIT) experts inspected the area.
A founder of former software developer CyberPlanet Interactive Plc plans to launch a 700-million-baht villa project in Pattaya this year.
SET-listed developer Prinsiri Plc is set to acquire a project worth 4 billion baht from an unnamed non-listed property company in a move to tap the high-end market.