Developers Snap Up Land

[churchill]

Confident that the country's economy is recovering, property firms have revised their investment plans to allow for the purchase of more land in the final four month of this year on expectations that prices will rise after a period of stability.

According to a survey by The Nation, property firms including Preuksa Real Estate, Land & Houses, Sansiri, LPN Development, Noble Development and Asian Property Development have increased their investment budgets to buy land between now and the end of the year for the purpose of developing residential projects next year and in 2011, believing the economy will return to strength in 2010.

Most are convinced that land prices are likely to rise after remaining flat since 2008.

http://www.nationmultimedia.com/2009/08/31...ss_30111092.php

-- The Nation 31/08/09