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Asian Property Development warns of tough times.
Byline: Kanana Katharangsiporn
Nov. 3--Small and medium-sized developers should tighten their belts or seek merger deals in order to survive coming fierce competition in the property market next year, according to Anuphong Asavabhokin, chief executive officer of the listed developer Asian Property Development Plc.
Mr Anuphong said that large developers, many of whom are rubbing their hands in anticipation of a strong recovery in the sector next year, have a lot of investment capital in hand and lower debt-to-equity ratios for new investment after the lavish returns seen in 2003. With these advantages, large developers are likely to set an agenda for next ...
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Source: HighBeam Research, Asian Property Development warns of tough times.