Home building market is poised to grow further in 2009 after its combined market value exceeded its target of 11 billion Baht. With improving economy, a research finding that 50% of the targets plan to build new homes in 2010 as well as the fact that home building prices are revised up from 1-2 million Baht to 2-3 million Baht range, the market value in 2010 is now projected at 12 billion Baht.
Mr. Panthep Tharnchitikul, President of the Home Building Association, reveals today that the home building market value in 2009 is expected to grow 12% YoY from 9.8 billion Baht in 2008 to 11 billion Baht in 2009, which is 5% higher than its target of 10.5 billion Baht. Looking backward, the 1H09 market was adversely hit by local economic downturn and political stalemate, which resulted in lower sales figure for many companies, while the market well recovered in the 2H09, especially, when the Home Building Association staged the Home Builder 2009 to help stimulate sales. With total registered on-site sales of 2.4 billion Baht, the figure was a record-high in its history and significantly helped contribute to the higher-than-expected growth of the home building market in 2009.
In 2010, it is expected that the home building market would grow 9-10% YoY to 12 billion Baht mainly due to several improving economic figures. While the mode prices found at the Home Builder 2009 were up from 1-2 million Baht in 2007-2008 to 2-3 million Baht range in 2009, the average on-site price at the Home Builder 2009 was up from 4.3 and 4.2 million Baht in 2007 and 2008 respectively to 4.7 million Baht in 2009.
“Home building market outlook has significantly improved since mid of last year partially due to improving economy, which resulted in rising consumer confidence. At the same time, many home building companies have also launched more marketing activities in the 2H09. This coupled with the staging of the Association’s Home Builder 2009 significantly help reverse the decreasing purchasing power in the 1H09 back on track. Furthermore, according to a research conducted at the Home Builder 2009, it is found that about 50% of the targets have plans to build new home in 2010, which makes us believe that the home building market in 2010 would continue to grow as we expected.” Mr. Panthep said.
Mr. Panthep further added that though the Association’s guidelines and policy in 2010 would have to wait for the appointment of a new President and an executive committee, which were expected in January 2010 after the election on November 27, 2009, he believed that the Association would maintain its main policy and commitment to upgrading the standard of the Home Building business so that it is widely accepted by the consumer as well as the general public as a whole.
Saturday, November 21, 2009
Wednesday, November 11, 2009
Major powers fret over future as Irish vote on Lisbon treaty
Europes big powers are banking on Irish voters backing reforms to make the European Union a stronger player on the world stage and avert a crisis they fear could paralyse the 27-nation bloc.
Irish approval for the EUs Lisbon treaty in a referendum on Friday would clear an obstacle to streamlining decision-making and put pressure on the Polish and Czech presidents to follow other EU leaders by signing it into law.Rejection could delay moves towards closer EU integration and enlargement,and undermine public and investor confidence, at least briefly hitting the euro currency.Theres a sense its going to be a Yes vote, said Hugo Brady, of the Centre for European Reform think tank.
A Yes vote would allow the EU to improve the way it makes decisions,particularly in foreign policy, he added in a research note.A No vote would lead to recrimination, policy paralysis and probably a freeze on further EU enlargement.
If the treaty is rejected, he said, leaders would be divided and distracted from urgent tasks such as responding effectively to the global economic crisis and making a success of talks on a new global deal to combat climate change.
Plans to develop the EU could be frozen and the bloc could struggle to project itself as a global economic power.Investors could sell off the euro because of uncertainty about Europes future.
Opinion polls suggest Irish voters will back the Lisbon treaty, partly because many say being in the EU has helped Ireland through the global economic crisis.
But leaders of EU states that have already backed the treaty are taking nothing for granted because Ireland has already rejected it once, in June 2008,and are avoiding saying anything that might be seen as interference and cause a voter backlash.Its not all over yet,said Roland Freudenstein, a political analyst at the Centre for European Studies.
The Lisbon treaty was drawn up after Dutch and French voters rejected a draft EU constitution in 2005. It would supercede the Nice treaty, agreed in 2000 to help cope with enlargement.
If ratified by all EU states, the Lisbon treaty would amend voting rules to ease decision-making, which has become unwieldy following the accession of 12 countries since 2004.
It would also create two new posts a president of the European Council of EU states leaders and a high represen-tative for foreign affairs.
Even Irish support would not clear all obstacles to the treaty going into force because Polish President Lech Kaczynski and Czech President Vaclav Klaus have so far refused to sign it.
A Yes would in effect clear two obstacles, Ireland and Poland, because Kaczynski says he will sign the treaty if Ireland backs it. Whether Klaus would then back it is less clear, Mr Freudenstein said.If theres a No vote, all dynamism would be lost. Wed talk ourselves into some kind of paralysis.
Mr Klaus could try to hold out until Britain holds a parliamentary election next year which is expected to be won by the Conservative Party, his allies.
The EU could find other ways to push through reforms, just as it did after the draft constitution was rejected in 2005.
But the changes could be delayed for years at a time when unity is being sought to maintain Europes influence in the new world order that is taking shape following the economic crisis.
Europe is facing stark choices in todays interdependent world. Either we work together to rise to the challenges.Or we condemn ourselves to irrelevance,said Jose Manuel Barroso, the president of the European Commission.
Irish approval for the EUs Lisbon treaty in a referendum on Friday would clear an obstacle to streamlining decision-making and put pressure on the Polish and Czech presidents to follow other EU leaders by signing it into law.Rejection could delay moves towards closer EU integration and enlargement,and undermine public and investor confidence, at least briefly hitting the euro currency.Theres a sense its going to be a Yes vote, said Hugo Brady, of the Centre for European Reform think tank.
A Yes vote would allow the EU to improve the way it makes decisions,particularly in foreign policy, he added in a research note.A No vote would lead to recrimination, policy paralysis and probably a freeze on further EU enlargement.
If the treaty is rejected, he said, leaders would be divided and distracted from urgent tasks such as responding effectively to the global economic crisis and making a success of talks on a new global deal to combat climate change.
Plans to develop the EU could be frozen and the bloc could struggle to project itself as a global economic power.Investors could sell off the euro because of uncertainty about Europes future.
Opinion polls suggest Irish voters will back the Lisbon treaty, partly because many say being in the EU has helped Ireland through the global economic crisis.
But leaders of EU states that have already backed the treaty are taking nothing for granted because Ireland has already rejected it once, in June 2008,and are avoiding saying anything that might be seen as interference and cause a voter backlash.Its not all over yet,said Roland Freudenstein, a political analyst at the Centre for European Studies.
The Lisbon treaty was drawn up after Dutch and French voters rejected a draft EU constitution in 2005. It would supercede the Nice treaty, agreed in 2000 to help cope with enlargement.
If ratified by all EU states, the Lisbon treaty would amend voting rules to ease decision-making, which has become unwieldy following the accession of 12 countries since 2004.
It would also create two new posts a president of the European Council of EU states leaders and a high represen-tative for foreign affairs.
Even Irish support would not clear all obstacles to the treaty going into force because Polish President Lech Kaczynski and Czech President Vaclav Klaus have so far refused to sign it.
A Yes would in effect clear two obstacles, Ireland and Poland, because Kaczynski says he will sign the treaty if Ireland backs it. Whether Klaus would then back it is less clear, Mr Freudenstein said.If theres a No vote, all dynamism would be lost. Wed talk ourselves into some kind of paralysis.
Mr Klaus could try to hold out until Britain holds a parliamentary election next year which is expected to be won by the Conservative Party, his allies.
The EU could find other ways to push through reforms, just as it did after the draft constitution was rejected in 2005.
But the changes could be delayed for years at a time when unity is being sought to maintain Europes influence in the new world order that is taking shape following the economic crisis.
Europe is facing stark choices in todays interdependent world. Either we work together to rise to the challenges.Or we condemn ourselves to irrelevance,said Jose Manuel Barroso, the president of the European Commission.
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