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Thailand: Condo prices surge 40% in Thong Lor

Condominium prices on Sukhumvit Soi 39 and the Thong Lor area have surged by 40% over the past five years.  Thong Lor also takes the cake for the highest rental costs in Bangkok at 1,000 baht per square metre per month, reported property consultant Nexus Property Marketing Co.  Managing director Nalinrat Chareonsuphong said the company, […]

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Thailand – Somkid: Oil prices won’t hurt GDP

Rising oil prices are unlikely to create a major headwind for the country’s ongoing economic growth, a sharp departure from the financial turbulence experienced after oil prices hit UScopy00 a barrel for the first time in 2008, says Deputy Prime Minister Somkid Jatusripitak.  Mr Somkid’s position, however, has sparked a wave of scepticism from the private […]

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Thailand: High-speed airport link auction shapes up

The terms of reference (ToR) for the 224.54-billion-baht high-speed railway linking Don Mueang, Suvarnabhumi and U-tapao airports to serve the much-touted Eastern Economic Corridor (EEC) scheme are scheduled to be unveiled today.  Deputy Prime Minister Somkid Jatusripitak said interested private firms will be allowed to buy the ToR next week after today’s joint announcement by the […]

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