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Property sector in Thailand returns to the spotlight

PHUKET: Thailand has had a very interesting past couple of years. From the unruly political situation that dominated the first half of 2014, the market steadily gained back the confidence of investors, only to be challenged again by a slowing economy in 2015.

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By The Phuket News

Wednesday 26 August 2015, 08:00AM


Despite the temporary slowdown, the local property market has shown the capacity to deal with hurdles, and now developers are redirecting their attention toward the high-end and luxury segments.

Despite the temporary slowdown, the local property market has shown the capacity to deal with hurdles, and now developers are redirecting their attention toward the high-end and luxury segments.

Despite the temporary slowdown, the local property market has shown the capacity to deal with hurdles, and now developers are redirecting their attention toward the high-end and luxury segments. With demand from affluent Thais impacting price increases by as much as 35 per cent in the first half of the year, the market has stayed afloat due to the strong purchasing powers of wealthy and informed real estate buyers.

As the spotlight returns on the Thai market, the milestone 10th anniversary of the Thailand Property Awards will also be celebrated in a glittering, black-tie ceremony. Organised by Ensign Media, the Awards will reward the Kingdom’s best developers and finest current projects in Bangkok, Phuket, Hua Hin, Chiang Mai, Khao Yai, Samui and the Eastern Seaboard.

Companies will be competing in 29 categories over three sections: Developer, Development and Design, with the trophies presented to the Winners and Highly Commended at the Gala Dinner and awards presentation ceremony on September 16 at the Plaza Athenee Bangkok (a Royal Meridien hotel), to be attended by more than 600 high-profile guests and VIPs.

“Celebrating 10 years of the Thailand Property Awards, and Asia Property Awards as a whole, is not only a milestone for us, but for the Thai real estate industry as well,” said Terry Blackburn, CEO of Ensign Media. “In the past decade we have witnessed how much the industry has evolved from being an emerging market to becoming one of the stars of Southeast Asian real estate, despite certain challenges.”

New Paths Retreat

Supervised by BDO, the fifth-largest accountancy network in the world, the Thailand Property Awards boasts of a highly respected independent judges panel, headed by chairman Sunchai Nuengsit, managing director of BuilderSmart Public Co Ltd.

The Awards will be supported by the British Chamber of Commerce Thailand, the Irish-Thai Chamber of Commerce and the Swedish Chamber of Commerce; gold sponsors JLL Thailand, Hansgrohe, BSG Glass, Rococo Flooring, TMDC Construction, and Condo Butlers; official supplier Sanpellegrino; and media partners such as Town & Country Thailand, LuxurySocietyAsia.com, Pattaya Today, Hot Magazine, DDProperty.com, Zagranitsa.com, Mango, Living Etc, and The Phuket News.

Tickers, sponsorship and media partner opportunities are available. Visit: AsiaPropertyAwards/ThailandPropertyAwards or email: info@asiapropertyawards.com.

Follow also #AsiaPropertyAwards to join the conversation about the Asia Property Awards series on social media.

 

 

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