Wednesday 30 April 2008

Massive Nordic boom set to hit resort towns


Scandinavian investors are forecasted to invest up to Bt16.2 billion in residential developments in Thailand property this year and the next. This money will be expended into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand).
The company's managing director, Patima Jeerapaet, said Swedish investors figure dominate in the list, followed by Finns.
The main residential projects developed by Scandinavian investors include resorts, villas and condominiums at tourist hotspots.

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