Thailand Business News – A total of 32 residential pool villas will form part of the new Conrad Koh Samui which will open in late 2010. Prices start at THB43.8 million for two-bedroom pool villas and THB88 million for three-bedroom pool villas. Thailand Business News
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Hong Kong launch for Thailand’s luxury residence in Samui
In spite of these positive signals, figures from the Real Estate Information Centre indicate a lack of confidence from the banking sector in approving new loans, which has tightened criteria to require presales of 40-50% versus 30% a year ago. With the availability of debt finance in Thailand still limited, many expect an increase in foreign fund providers from Malaysia, Israel and Singapore to start driving the recovery of Thailand’s condominium market.
Later, as investors tried to rebuild their diminished wealth, they turned to the very sector they had abandoned first, property development.
Developers with solid projects have access to financing while buyers have access to credit.