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PROPERTY

Russians control residential leasehold segment in Phuket

Business, Kanana Katharangsiporn, Published on 15/03/2024

» The value of residential units in Phuket leased long-term by the top 10 foreign nationalities almost tripled to 12.8 billion baht in 2023, mainly driven by Russian buyers fleeing the conflict in Europe as the foreign quota for condos was filled in many areas of the island.

PROPERTY

Sukosols deny selling Bangkok plot

Business, Published on 13/03/2024

» The Sukosol family has denied selling a prime land plot in Bangkok for a record-high price, saying they are only interested in leasing.

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PROPERTY

Mortgage rejection rate soars after pandemic

Business, Somruedi Banchongduang, Published on 12/03/2024

» Following the pandemic, there has been a surge in the rejection rate of housing loan applications, attributed to would-be homebuyers' weakened debt repayment capability, stemming from the sluggish economic growth and higher cost of living.

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PROPERTY

Ananda readies seven projects worth B18.6bn

Business, Kanana Katharangsiporn, Published on 12/03/2024

» Despite carrying unsold condo units ready to transfer worth a total of 33 billion baht, SET-listed Ananda Development is planning to launch seven new projects worth a combined 18.6 billion baht this year.

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PROPERTY

Overwhelmed by success

Published on 11/03/2024

» Phuket has been in the limelight the past six months after the government announced a plan to elevate Thailand to an aviation hub, with Phuket the key gateway in the South.

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PROPERTY

90-day deadline set for condo dispute

News, Supoj Wancharoen, Published on 08/03/2024

» A solution to a legal dispute over the 6-billion-baht Ashton Asoke condominium project in the Watthana district of Bangkok needs to be found in three months, according to a court official.

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PROPERTY

Ministries vow to ease land & building tax

Business, Wichit Chantanusornsiri, Published on 07/03/2024

» The Finance Ministry and Interior Ministry have pledged to improve the land and building tax to prevent a negative impact on the public amid several economic challenges.

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PROPERTY

Sena strategies aim to shift unsold condos

Business, Kanana Katharangsiporn, Published on 06/03/2024

» SET-listed developer Sena Development is planning to implement new strategies to rent out and transfer completed unsold condos, coping with a high mortgage rejection rate in an effort to increase sales and revenue this year.

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PROPERTY

Travellers push up demand for rental residences

Business, Molpasorn Shoowong, Published on 05/03/2024

» Thailand can expect stronger demand for rental residences, especially from foreign expatriates or young workers who may not be able to afford to purchase a home, according to rental residence developer Homa.

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PROPERTY

Influx of mixed-use projects poised to transform market

Business, Kanana Katharangsiporn, Published on 05/03/2024

» An influx of new property supply from 10 world-class mixed-use development projects located in the central business district (CBD) is set to transform Bangkok and Thailand, according to property consultant Jones Lang LaSalle (Thailand) (JLL).