Marketing

The company is also offering to accept down payments at a starting rate of Bt6,900 a month for most of its condominium projects, including Quattro by Sansiri, the Vertical Aree and Hive Taksin.

The campaign will run until September. - The Nation

Quality Houses plans to launch the latest zone of its Pruekpirom Regent Ratchaphruek-Sathorn project, after recording sales of Bt600 million from the project since its opening in January.

The second phase will involve only six exclusive villas with a combined value of Bt300 million. The company will open presales bookings on July 17 and 18.

Pruekpirom Regent Ratchaphruek-Sathorn is a luxury residential development offering homes that are ready to occupy. The project is located on 97 rai of land and has 106 single-detached houses with a total market value of Bt3.23 billion. - The Nation

Major Development makes plans

Major Development has bought two plots of land on Narathiwat and Phya Thai roads for nearly Bt500 million on which to develop residential projects with a market value of about Bt2 billion. The projects will be launched this year, CEO Suriyon Poolvoralaks said.

The company plans to build condominiums at both locations and has targeted presales of Bt3 billion this year, part of which will come from the new projects. The company expects to book Bt2.6 billion to its revenue this year, he said.

Major Development recorded first-quarter revenue of Bt626.5 million for a net profit of Bt101.5 million. - The Nation

Taiwanese property prices down

Property prices in Taiwan will continue to decline through to next year's first quarter, a new government survey shows.

The property market's leading indicator, which gauges conditions for the coming three quarters, dropped 1.76 per cent in the three months to March, the fourth consecutive decline, said the Interior Ministry.

"Housing demand hasn't improved because of the record unemployment rate," said Chang Chin-oh, director of the Taiwan Real Estate Research Centre at National Chengchi University in Taipei.

"The supply side may experience some recovery as developers bet on warming ties between China and Taiwan. Still, the health of the property market depends on demand, not supply." - Bloomberg