Moving Forward
Welcome to the last issue of Momentum for 2012, as we look forward to a new year, capping off the success of a fairly tumultuous 12 months.
For Thailand investors, we have seen a substantial growth in the Thai stock market, at time of print one of the top 3 bourses around the world in terms of performance. Given the issues of flooding in late 2011 and worldwide economic recession, the strength of exports and business profitability says a lot about the resilience of Thai people and the strength of many of the companies doing business here.
Having seen a reduction in taxes for corporations, I am sure some investors are looking forward to 2015 when the ASEAN Economic Cooperation takes effect. For real estate investors, the proposed change in REIT legislation may also play a major factor in future investment decisions.
This issue we have taken a look at the probable impact of AEC on the Thai property sector and REITs. This has been a very solid year for PACE, with Saladaeng Residences almost sold out, and progress on MahaNakhon continuing strongly, now that our main contractor Bouygues-Thai has been appointed and commenced work.We have welcomed a wide range of visitors over the last 6 months, and in this issue we outline some of the main activities held onsite. One of the interesting trends has been the increase in foreign visitors continuing to purchase real estate in Thailand, and this reflects the confidence the rest of the world has in the Thai economy.
As always if you have questions or comments, please send through to [email protected]
Best Regards,
Sorapoj Techakraisri
