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BUSINESS

Fynn remains committed to condo sector

Business, Kanana Katharangsiporn, Published on 09/01/2019

» Despite high competition and a slowing market, small developer Fynn Development Co will launch a new low-rise condo project worth 1.8 billion baht on Sukhumvit Soi 10 as it is confident about demand and supply at the location.

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BUSINESS

Port Authority of Thailand to build condos for slum folk

Business, Kanana Katharangsiporn, Published on 10/01/2019

» The Port Authority of Thailand (PAT) will spend 7.5 billion baht to build 6,144 condominium units at Soi Trimitr on Rama IV Road for 26 slum communities that encroach on PAT land spanning nearly 200 rai in Klong Toey district.

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BUSINESS

Lending curbs set to hit residential sales

Business, Kanana Katharangsiporn, Published on 14/01/2019

» The Bank of Thailand's macroprudential policy will hurt future residential sales in 20 first- and second-tier provinces, with Chon Buri continuing to see the largest number of unsold units, which last year represented more than one-third of the total.

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BUSINESS

Supalai optimistic amid gloomy signals

Business, Kanana Katharangsiporn, Published on 15/01/2019

» SET-listed developer Supalai Plc is upbeat this year despite a rash of negative factors such as new lending curbs, rising interest rates and an uncertain economy.

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BUSINESS

Apex making B12bn splash in Krabi, Phuket

Business, Kanana Katharangsiporn, Published on 28/11/2018

» SET-listed Apex Development Plc will launch four new projects with hotel rooms and villas for sale in Krabi and Phuket worth a combined 12 billion baht in 2019 to capitalise on booming tourism in the two provinces.

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BUSINESS

Singha turns to commercial acquisitions for revenue

Business, Kanana Katharangsiporn, Published on 18/12/2018

» SET-listed Singha Estate Plc (S), a property development arm under the Boon Rawd Brewery Group, will invest 17 billion baht to both develop and acquire four commercial projects during 2019-23 to boost revenue from recurring income to 50% from 30%.

BUSINESS

Origin to withhold middle-class condo offerings

Business, Kanana Katharangsiporn, Published on 27/11/2018

» SET-listed developer Origin Property Plc (ORI) will freeze launches of new condo projects for the middle class for at least two years, due to the new requirements on mortgage lending taking effect on April 1 deterring some buyers in this segment.

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BUSINESS

Kohler talks up smart mirrors, faucets

Business, Kanana Katharangsiporn, Published on 29/11/2018

» Kohler Co, an American sanitaryware and kitchenware producer, plans to introduce smart bathroom mirrors and kitchen faucets next year to boost its sales growth in Thailand to at least 10%.

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BUSINESS

Property market forecast to slow in 2019

Business, Kanana Katharangsiporn, Published on 01/12/2018

» The property market will slow next year amid negative factors such as new mortgage lending requirements, an uptrend in interest rates and the prolonged US-China trade war, according to developers and experts.

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BUSINESS

Developers advised to be alert in 2019

Business, Kanana Katharangsiporn, Published on 04/12/2018

» Residential developers should seek strategies to cope with the Bank of Thailand's new requirements on mortgages, be cautious of new supply and manage financial liquidity as the new lending rules and rising interest rates will hit demand next year.