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BUSINESS

China picked to catapult Thai economy

Business, Kanana Katharangsiporn, Published on 16/03/2023

» China's economic growth and the preference among Chinese for Thai properties should make it a key driver for the Thai economy and property market, according to economic and property analysts.

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BUSINESS

AWC unveils remaking of riverside

Business, Kanana Katharangsiporn, Published on 16/02/2023

» Developer Asset World Corp Plc (AWC) plans to build new riverfront projects near its flagship Asiatique open-air mall, starting with an investment of 800 million baht to refocus the riverside complex as an entertainment hub.

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BUSINESS

FPH pivots to luxury single detached home sector

Business, Kanana Katharangsiporn, Published on 04/02/2023

» As the impact of the pandemic slows the townhouse market, developer Frasers Property Home (Thailand) or FPH is shifting to luxury single detached houses as well as adding a condo development business.

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BUSINESS

Lalin unfazed by LTV change, eyes 10% growth

Business, Kanana Katharangsiporn, Published on 10/01/2023

» SET-listed developer Lalin Property Plc is aiming for growth of at least 10% in 2023 as the normal loan-to-value (LTV) limits will have a minimal impact on target customers in the real demand segment.

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BUSINESS

A passion for luxury

Business, Kanana Katharangsiporn, Published on 24/12/2022

» Suriyon Poolvoralaks, a founder and former major shareholder of SET-listed developer Major Development (MJD), has started a new property company, SPJ Land Co, to focus solely on luxury residential development.

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BUSINESS

Standard forecasts continuing tourism growth

Business, Kanana Katharangsiporn, Published on 12/12/2022

» Standard International, a hospitality subsidiary of SET-listed developer Sansiri, is expecting this year's strong tourism recovery to continue into 2023, with the resumption of the Chinese market a key driver.

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BUSINESS

Sansiri anticipates record net profit

Business, Kanana Katharangsiporn, Published on 07/12/2022

» SET-listed developer Sansiri is expecting to secure a record-high net profit in 2022, besting the 3.5 billion baht posted in 2015, resulting from its strategy to maximise cash flow during the pandemic.

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BUSINESS

UHG keen on mid-tier hotels

Business, Kanana Katharangsiporn, Published on 23/11/2022

» Commercial property developer UHG is continuing to tap the mid-range market with plans to open two new hotels over the next 12 months in Bangkok, one by the Chao Phraya River in Klong San and another in Ratchathewi.

BUSINESS

Sena diversifies as margin narrows

Business, Kanana Katharangsiporn, Published on 19/11/2022

» SET-listed Sena Development has diversified into other property-related businesses as the margin from residential development is lower and younger people are not buying houses.

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BUSINESS

Business leaders back U-turn on land sales

Business, Kanana Katharangsiporn, Published on 09/11/2022

» The government's decision to withdraw its proposal to sell land to prospective foreign investors has been supported by key business leaders, with the move seen as having no significant impact on the Thai property market.