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L&H Hotel Management Co, the hospitality subsidiary of property company Land & Houses Plc, is set to spend 4 billion baht to open two luxury hotels in Bangkok and Pattaya by 2018.

At least seven Chinese investors with a combined 10 billion baht are looking for joint ventures in Thai condominium development this year due to a slowdown in their country\’s construction sector and overall economy.

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Despite a spate of challenges, SET-listed developer Sansiri Plc (SIRI) remains bullish on its sales prospects and will almost double its number of new projects to 21 worth 50.5 billion baht this year.

The government should focus on people\’s general consumption and avoid intervention in the property sector, as the market will be better than expected this year, says one industry veteran.

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SET-listed Inter Far East Energy Corporation Plc (IFEC) expects the acquisition of the Dara Dhevi Chiang Mai Hotel will generate an additional 600 million baht in net profit next year.

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