How Will The Market Change

[churchill]

It seems now that ( in Samui ) it is very difficult for a foreigner to buy land more than 1 Rai even if he holds less than 49% shares in a company - Things may change but there are now many companies in Thailand with nominee shareholders and to find genuine Thai investors will be immpossible . Why would a Thai invest with a Foreigner when they can invest for themselves , unless the foreigner sells at a big discount .

Will existing projects come to a halt until foreigners can find thai investors - which will mean that projects that already have correct company and shareholder set up will power ahead and have a big advantage ?

I don't see land or house prices dropping in resort areas as there is still a strong demand - but those that don't have genuine thai partners must be in a difficult situation ?

[bingobongo]

the market will go down as vredit is cut off and supply increases.....

the real estate noose is tightening while supply is increasing........

PROPERTY

Check buyers' credit, firms are urged

Banks reject 30% of presales purchasers, seminar is told

Property firms must inspect home-buyers' financial status before making a purchase agreement, since commercial banks are now rejecting their presales home-buyers at a rate of up to 30 per cent , said speakers at a recent seminar jointly organised by the Thai Condominium Association and the Housing Estate Association.

Thai Condominium Association president Atip Bijanonda said bank rejections of up to 30 per cent of total home-buyers have had a negative impact on the property market, because firms must resell the projects again. As a result, the property market has had more supply than demand in this year's first quarter.

http://www.nationmultimedia.com/2007/03/29...siness_30030520

[backflip]

boingoboingo,

What is your point, exactly: you're upset, you're disappointed, your medication ran out? You have posted the same link in every real estate-related forum. Do you plan to do the same for every investment-related thread? Give it a rest.

[merlion]

the market will go down as vredit is cut off and supply increases.....

the real estate noose is tightening while supply is increasing........

PROPERTY

Check buyers' credit, firms are urged

Banks reject 30% of presales purchasers, seminar is told

Property firms must inspect home-buyers' financial status before making a purchase agreement, since commercial banks are now rejecting their presales home-buyers at a rate of up to 30 per cent , said speakers at a recent seminar jointly organised by the Thai Condominium Association and the Housing Estate Association.

Thai Condominium Association president Atip Bijanonda said bank rejections of up to 30 per cent of total home-buyers have had a negative impact on the property market, because firms must resell the projects again. As a result, the property market has had more supply than demand in this year's first quarter.

http://www.nationmultimedia.com/2007/03/29...siness_30030520

Thanks for the repeat info, now give it a rest....