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Jarken eyes strong market
Jarken, a Thai provider of architectural, design and construction services, is upbeat about the sector, believing the Thai economy will recover in the third quarter. "In line with the anticipated economic...
"In line with the anticipated economic recovery, the real estate business, particularly housing projects, condos and office buildings, is expected to improve," said Siritorn Sitthiwattanawong, manager...
"This will benefit related businesses and services such as construction raw materials, furniture, electrical appliances and interior architectural design and architectural services." Samma Kitsin, director-general...
Samma Kitsin, director-general for the Real Estate Information Center (REIC), last month told a seminar that Greater Bangkok’s housing situation would return to normal in the second half after a sluggish...
Consumers and investors are more confident as political tensions ease, he said.
Government investment in infrastructure has been brushed up since the coup, boosting employment and consumers' purchasing power.
The REIC estimates the total number of condo units launched this year will fall by 23.5% to 65,000 units from 85,000 last year after the number in the first four months dropped by 40% year-on-year.
Last year was the first year that condominiums launched in Greater Bangkok outnumbered low-rise housing.
However, the absorption rate of condos was higher than that of low-rise housing due to a change in lifestyles since the advent of the skytrain and an upward trend in the prices of low-rise units in the...
Ms Siritorn said in a move to cope with growing business ignited by imminent regional economic integration, the group had four main business units in place.
Those are Jarken, which specialises in interior and architectural design; JK Builders, which provides quality construction service; Pye, designated as an interior and architectural design service provider with an emphasis on quick turnaround times, ease of usage and efficiency; and TigerLily, a boutique branding and styling firm.
