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GENERAL

Homebuyer confidence down from 2022

Business, Kanana Katharangsiporn, Published on 08/12/2023

» The homebuyer confidence index in 2023 fell from last year as faith in respondents' financial status weakened, leading to a perception that it was not the right time to invest in high-value items, according to recent research.

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PROPERTY

Office occupancy rate dips

Kanana Katharangsiporn, Published on 29/11/2023

» The occupancy rate for Bangkok office space is expected to keep dropping over the next few years because of the enormous supply of more than 1.6 million square metres in the pipeline.

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PROPERTY

Reignwood set to plough B60bn into luxury project

Kanana Katharangsiporn, Published on 30/11/2023

» Reignwood Group, a property firm owned by Chinese-Thai businessman Chanchai Ruayrungruang, plans to invest more than 60 billion baht to develop Reignwood Park in Pathum Thani as the largest luxury mixed-use project in Southeast Asia.

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PROPERTY

PF preps 2nd phase of Khao Yai villas

Business, Kanana Katharangsiporn, Published on 27/11/2023

» SET-listed developer Property Perfect (PF) plans to launch a second phase of its luxury villa project in Khao Yai worth 1.6 billion baht after selling two-thirds of the units from the first phase -- valued at 1 billion baht -- in two years amid a fivefold increase in land prices over a five-year period.

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PROPERTY

JV set to launch B1.7bn condo project

Business, Kanana Katharangsiporn, Published on 24/11/2023

» Issara United, a joint venture between SET-listed developer Charn Issara Development and Thai conglomerate Saha Group, will launch a new condo project in Hua Hin worth 1.7 billion baht to capitalise on the robust demand for vacation homes.

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PROPERTY

Sector steered by demographic trend

Kanana Katharangsiporn, Published on 23/11/2023

» The development of nursing homes has an estimated market value of up to 19.2 billion baht over the next decade, a significant sum thanks to a substantial gap between limited supply and a projection of high demand.

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PROPERTY

Experts see residential recovery next year

Kanana Katharangsiporn, Published on 22/11/2023

» The residential market won't recover until 2024 due to mortgage loan approval issues, particularly in the mass market which has been affected by higher interest rates, according to property experts.

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PROPERTY

Construction jobs to grow amid condo revival

Kanana Katharangsiporn, Published on 23/11/2023

» Construction jobs in the private sector are expected to rebound next year as the effects of the pandemic on the property sector, particularly the condo segment, are projected to end this year, according to SET-listed contractor Prebuilt Plc.

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PROPERTY

Bangkok condo market slows in Q3

Kanana Katharangsiporn, Published on 20/11/2023

» The Bangkok condo market slowed in the third quarter of 2023, plunging to its lowest point for supply and demand since the third quarter of 2021, mainly attributed to rising interest rates.

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PROPERTY

Interest rate increases hit demand for residential units

Business, Kanana Katharangsiporn, Published on 15/11/2023

» Interest rate hikes have affected demand in the lower-end segment for residential units, resulting in a consecutive decline in transfers in the third quarter of 2023.