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PROPERTY

Real estate leader advocates ESG

Poramet Tangsathaporn, Published on 30/05/2024

» The real estate sector can help improve society and the environment by adopting environmental, social and governance (ESG) practices, says Panote Sirivadhanabhakdi, Group CEO of Frasers Property Limited.

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PROPERTY

Anticipated rate cut expected to bolster residential market

Kanana Katharangsiporn, Published on 20/05/2024

» The expected dip in interest rates by 25 percentage points in the second half this year is expected to help the residential market, resulting in projected growth of 5.5%, in contrast with a decline of 0.7% without a rate cut.

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PROPERTY

Loan rejections cause drop in housing transfers in Q1

Business, Kanana Katharangsiporn, Published on 17/05/2024

» Home loan rejections caused a dip in housing transfers nationwide in the first quarter, dropping to the lowest point in six years and marking five consecutive quarters of decline.

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PROPERTY

Central Pattana profit up 28% to B4.15bn in Q1

Business, Published on 15/05/2024

» Central Pattana Plc (CPN) reported total earnings of 12.2 billion baht in the first quarter of this year, up 19% year-on-year.

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PROPERTY

Struggling to recover

Kanana Katharangsiporn, Published on 06/05/2024

» With an unfavourable economy and expiration of discounts for the land and building tax this year, property developers are thinking twice about acquiring new land plots, shifting instead to draining inventory.

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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

Raimon preps trio of deluxe projects

Business, Kanana Katharangsiporn, Published on 05/04/2024

» SET-listed developer Raimon Land plans to launch three new luxury low-rise housing projects worth a combined 16 billion baht, while selling the One City Centre office building to generate revenue more quickly, aiming to turn a profit next year.

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PROPERTY

Foreign condo sales top pre-Covid level

Published on 04/04/2024

» Chinese and Russians topped the list of foreign buyers of condominiums in Thailand last year, with visa waivers and geopolitical conflict driving demand above pre-Covid levels, according to the Real Estate Information Center (REIC).