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PROPERTY

Reaping the property stimulus rewards

Business, Kanana Katharangsiporn, Published on 18/04/2024

» The cabinet last week offered Thai New Year's gifts to potential homeowners, approving measures that extend the price range of houses eligible for a cut in transfer and mortgage registration fees to 7 million baht, up from a ceiling of 3 million baht.

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PROPERTY

Developers want foreign quotas to be hiked

Kanana Katharangsiporn, Published on 17/04/2024

» Foreign ownership quotas for condos should be increased in certain areas to stimulate the economy as increasing demand from foreign buyers last year is expected to continue this year.

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PROPERTY

Sena unveils rent-to-own condo scheme

Business, Kanana Katharangsiporn, Published on 11/04/2024

» SET-listed developer Sena Development is launching a rent-to-own programme for ready-to-move-in condos, aiming to close sales of 1,000 units worth 1.4 billion baht by the end of the year.

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PROPERTY

Greater Bangkok housing market still tepid in Q1

Business, Kanana Katharangsiporn, Published on 09/04/2024

» Despite recording a 30% increase in visitor numbers at the House & Condo Show last month, the residential market in Greater Bangkok in the first quarter of 2024 remained unfavourable, attributed to poor purchasing power.

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PROPERTY

Raimon preps trio of deluxe projects

Business, Kanana Katharangsiporn, Published on 05/04/2024

» SET-listed developer Raimon Land plans to launch three new luxury low-rise housing projects worth a combined 16 billion baht, while selling the One City Centre office building to generate revenue more quickly, aiming to turn a profit next year.

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PROPERTY

Prospect allocates B22bn for expansion

Business, Kanana Katharangsiporn, Published on 03/04/2024

» Factory and warehouse developer Prospect Development Co will invest 22 billion baht between 2024 and 2028 to add new space covering 1.25 million square metres in total, with the aim of capitalising on growing demand in the market.

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PROPERTY

Bangkok office blocks told to upgrade 'to survive'

Business, Kanana Katharangsiporn, Published on 02/04/2024

» Older office buildings in Bangkok should accelerate their upgrades as existing tenants are relocating to new prime towers, widening the gap in rents, says property consultant Jones Lang LaSalle (Thailand) (JLL).

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PROPERTY

Eastern developers ease supply

Kanana Katharangsiporn, Published on 01/04/2024

» The ability of local developers to adapt improved absorption rates across most housing categories in three eastern provinces, as they slowed launches amid unfavourable conditions.

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PROPERTY

New residential sales fell 22.5% in 2023

Business, Kanana Katharangsiporn, Published on 29/03/2024

» New residential units sold in Greater Bangkok in the fourth quarter of 2023 declined by 14.5% year-on-year, resulting in a 22.5% decrease for the full year, according to the Real Estate Information Center (REIC).

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PROPERTY

Supalai, Huawei join forces on solar rooftops

Kanana Katharangsiporn, Published on 28/03/2024

» As the cost of solar rooftop installation has decreased, SET-listed developer Supalai expects to install 15,000 solar rooftops at its projects nationwide by 2028 through a partnership with Huawei to incorporate digital technology.