Grandhome seminar shares ‘Insights on Real Estate in 2018’

But Grandhome officials told 600 customers and business owners attending a seminar at their Bang Na headquarters this week that there will be volatility ahead because investments in Thailand and its real estate market are slowing, along with the economy. 
Although consumers have purchasing power, they lack confidence in the economy and their future income. 
Current forecasts indicate growth will not exceed 5 per cent, but, thanks to positive factors like the government’s investment in infrastructure and transportation, there is liquidity and spending in the market. 
Grandhome offered strategic plans and management advice from top experts at the seminar “Insights on Real Estate in 2018”.
“We see the importance of real estate business, which is an important drive of the country’s economy,” Grandhome Mart managing director Prapai Thayanuwat said. 
“Grandhome plays a role in the growth of the real estate industry, and we want to support every party so that we can move forward and grow together.”
Speakers at the seminar included Sansiri president Settha Taweesin, Supalai managing director Traitecha Tangmatitham, Goldenland Property Development managing director Sanpin Suki, SCB first executive vice president Jamaree Ketrakool, Dr Vichai Viratkapan of the Government Housing Bank and Heng Asia chief executive Chea Kin.
In his talk on “Making It through a Dead End in Real Estate, Settha-style”, the Sansiri chief noted that real estate in Thailand is in line with the country’s GDP growth, “which is not very high”. 
“Our company’s goal is much higher than the GDP and the real estate industry average. Therefore, we have to look into new related businesses and strengthen our core business, while also pushing Sansiri to become a global brand,” Settha said. 
“We use technology in our real estate business. Recently we have partnered with six global partners in technology and lifestyle in order to expand in the international market. We focus on high-potential investment to generate more revenue from businesses related to real estate, and our partners strengthen our core business at the same time. This is our way of becoming a global brand.”
Goldenland’s Sanpin, Supalai’s Traitecha and SCB’s Jamaree Ketrakool participated in a roundtable discussion about the industry’s future as an economic driver. 
Sanpin offered tips on land purchase, design, sale, construction and transfer, and described tricks for making townhouse projects sell well. The company has achieved Bt900 million in presales in recent years. 
Traitecha shared his success recipe for single-home projects around Bangkok and condominiums along the BTS lines. He also shared tips on home loans.
Heng Asia’s Chea Kin shared his experiences in developing more than 8,000 projects in Cambodia under in a talk about “Opportunities for Thai Real Estate in Asean”. Vichai of the Government Housing Bank backed that up in his talk “Big Data – Forecast for Real Estate 2018”.