Magnolia Quality Development Corporation (MQDC), a property arm owned by the Chearavanont family, is spending over 10 billion baht to develop a commercial complex on Sukhumvit Soi 101/1, targeting a rental income of 1 billion baht in 2019.
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A study by international property services firm JLL shows that both residential and commercial developments that have been managed professionally and consistently have outperformed competing properties that are less well managed.
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A study by international property services firm JLL shows that both residential and commercial developments that have been managed professionally and consistently have outperformed competing properties that are less well managed.
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Small and medium-sized developers should analyse demand and supply, develop products targeted at customer segments and do mortgage pre-approvals for homebuyers to survive the highly competitive industry, according to property experts.
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