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BUSINESS

Toto Thailand projects ricochet to 2019 sales level

Business, Kanana Katharangsiporn, Published on 24/12/2021

» Japanese sanitaryware manufacturer Toto (Thailand) Co is expecting domestic sales in 2022 to bounce back to 2019 levels, driven by commercial property projects.

BUSINESS

One.Six Development preps for launch

Business, Kanana Katharangsiporn, Published on 21/12/2021

» One.Six Development Corp, a joint venture between the fourth generation of the Chearavanont family and the Athakravisunthorn family, is planning to launch a second luxury condo project next year following the successful completion of the first project in Thong Lor in October this year.

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BUSINESS

Bangkok housing prices dip to new low

Business, Kanana Katharangsiporn, Published on 21/12/2021

» Offering prices for residential units in Greater Bangkok during the third quarter of 2021 fell to the lowest level since the fourth quarter of 2016 because of the ailing economy, according to property website DDproperty.com.

BUSINESS

Siamese Asset seeks new sectors

Business, Kanana Katharangsiporn, Published on 15/12/2021

» SET-listed developer Siamese Asset plans to diversify to asset management, technology and health and wellness businesses to increase non-property income from 5% to 20% of total revenue by 2026.

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BUSINESS

Proud planning to diversify

Business, Kanana Katharangsiporn, Published on 09/12/2021

» MAI-listed developer Proud Real Estate wants to diversify to low-rise houses and put a greater emphasis on Bangkok, with at least three new projects worth a combined 5.8 billion baht next year.

BUSINESS

BoT call to extend incentives

Business, Kanana Katharangsiporn, Published on 08/12/2021

» The government should extend its property tax incentives to next year to drive housing market growth in 2022, in line with the projected economic recovery, the Bank of Thailand suggested.

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BUSINESS

Course operator taps into growing interest in golf

Business, Kanana Katharangsiporn, Published on 07/12/2021

» A member of the Phornprapha family, which owns Siam Motors Group, plans to revamp its marketing strategy for a new golf course to target younger players who have become more interested in the sport.

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BUSINESS

Creating a property-based ecosystem

Business, Kanana Katharangsiporn, Published on 04/12/2021

» Self-disruption and diversification to various businesses in the past decade has helped Chon Buri-based property developer Ratanakorn Asset survive the Covid-19 crisis, turning it into a property-based ecosystem development group.

BUSINESS

Noble bullish on property market next year

Business, Kanana Katharangsiporn, Published on 30/11/2021

» SET-listed developer Noble Development Plc is bullish about the 2022 property market, planning to launch 18 new projects worth a combined 47.4 billion baht with nearly half being joint ventures with BTS Group Holdings.

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BUSINESS

Singha upbeat on outlook for hotels

Business, Kanana Katharangsiporn, Published on 27/11/2021

» SET-listed developer Singha Estate expects the tourism sector in Thailand, Mauritius and Fiji to rebound by the second quarter of 2022, helping to revive its hotel business in the three countries.