Asias once-booming property market seems to be heading for some kind of a slowdown of which local Thai companies are looking to take advantage by venturing into the unknown.
The latest to take the plunge is Preuksa Real Estate Plc, which has said that it would invest around 300 million baht in its first venture in Bangalore by the end of this year after having cancelled its plans in a more volatile Vietnam.
But its move comes on the heels of a more uncertain environment in the property market in India and across the region. Rising oil prices, construction costs and inflation and the gloomy outlook of the global economy seem to be taking their toll on most regional markets.
More : bangkokpost.com
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