Showing 21 - 30 of 125
Sansiri sells Standard shares to Hyatt
Nuntawun Polkuamdee, Published on 21/08/2024
» Shares of Sansiri Plc (SIRI) rose by nearly 5% on Wednesday after Thailand’s leading property developer announced an agreement to sell shares of the US-based lifestyle hotel Standard International to the Hyatt group for US$355 million.
Double financing adds to property sector's woes
Business, Somruedi Banchongduang, Published on 20/08/2024
» Higher debt leverage resulting from double financing is making it more difficult for property companies to secure bank loans, forcing some developers to rely on short-term loans from major shareholders.
Inner-city land prices increase in first half
Business, Kanana Katharangsiporn, Published on 17/08/2024
» The rise in land prices in Bangkok's inner-city locations was among the top five largest increases in both the first and second quarters of 2024, reflecting the trend of higher volumes of new condo supply launched in these areas.
Hunting for a place at the financial table
Wichit Chantanusornsiri, Published on 16/08/2024
» Amid the wreckage of the 1997 Asian financial crisis, also known as the "Tom Yum Kung" crisis, the Thai financial sector worked to develop a strong and resilient infrastructure.
Pruksa slashes value of new developments by B2bn
Molpasorn Shoowong, Published on 16/08/2024
» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.
AssetWise posts record Q2 revenue
Kanana Katharangsiporn, Published on 14/08/2024
» SET-listed developer AssetWise set a record for revenue in the second quarter, driven by a strong performance from its campus condo and Phuket projects as the company expects to maintain momentum in the second half.
More foreign ownership ‘could mean more illegal hotels’
Molpasorn Shoowong, Published on 13/08/2024
» Hotel operators are concerned about changes to foreign ownership rules for real estate because they believe it could lead to another influx of illegal hotels in Thailand.
Mortgage rejection rates likely to persist
Business, Somruedi Banchongduang, Published on 09/08/2024
» Mortgage applications for homes priced below 3 million baht will likely continue to face higher rejection rates over the next two years because of a slowdown in the residential segment.
Condo launches set to fall below projections
Business, Kanana Katharangsiporn, Published on 09/08/2024
» New condo launches in Greater Bangkok this year are expected to fall short of projections, primarily attributed to weak demand amid an economic slowdown, according to consultant Colliers Thailand.
Anabuki puts focus on provinces
Business, Kanana Katharangsiporn, Published on 08/08/2024
» After investing 1 billion baht in the Greater Bangkok housing market during the past five years, Japanese developer Anabuki Kosan Group is focusing on real demand and targeting major provinces such as Chiang Mai and Khon Kaen.