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PROPERTY

Plus Property sets ambitious 2024 revenue goal

Post Reporters, Published on 24/04/2024

» Plus Property Co Ltd (PLUS) is reinforcing its leadership in comprehensive professional property and facility management, aiming to expand its business while maintaining its top position in quality. Over the past year, PLUS successfully managed approximately 400 real estate projects nationwide, covering more than 20 million square metres of area under management.

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PROPERTY

Minimum wage hits construction prices

Business, Kanana Katharangsiporn, Published on 23/04/2024

» The new daily minimum wage, which became effective in early January, drove up home construction prices in the first quarter, despite a drop in costs due to the influx of Chinese steel and the delayed disbursement of the government's budget.

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PROPERTY

Residential prices to rise in second half

Kanana Katharangsiporn, Published on 22/04/2024

» The price index for new residential supply in Greater Bangkok should continue to rise in the second half as older inventory is absorbed following property stimulus measures starting this month, according to a research firm.

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PROPERTY

Stimulus expected to spur developer confidence in Q2

Business, Kanana Katharangsiporn, Published on 20/04/2024

» Sentiment among housing developers is expected to significantly improve in the second quarter following the implementation of property stimulus measures approved earlier this month.

PROPERTY

Public keen to purchase Escent units

Business, Published on 19/04/2024

» Central Pattana Plc (CPN) is unveiling the Central Nakhon Pathom project, a new landmark for the western suburbs that includes Escent Nakhon Pathom.

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PROPERTY

Amending property rules likely to spur sales

Business, Kanana Katharangsiporn, Published on 19/04/2024

» Amending obsolete rules regarding property development can improve home purchasing power, enabling homebuyers to afford units, say developers.

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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

Property tax rejig to amplify revenue

Wichit Chantanusornsiri, Published on 17/04/2024

» Amendment of the land and building tax law is meant to enhance both the efficiency of collection and levy an appropriate rate, while the criteria will have to be tightened to close tax loopholes, says finance permanent secretary Lavaron Sangsnit.

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PROPERTY

Property stimulus bump to lift Thai stock market

Business, Nuntawun Polkuamdee, Published on 12/04/2024

» The recently approved property stimulus measures should help the Thai stock market as they significantly lower costs for homebuyers, with the cuts to transfer and mortgage fees applying to up to 70% of the units available in the property market.