Showing 1 - 10 of 39
CPN eyes 20% growth for residential unit
Business, Molpasorn Shoowong, Published on 28/06/2024
» SET-listed Central Pattana (CPN) is targeting 20% annual growth for its residential property business in the coming years, while aiming for 7 billion baht in revenue in 2024 via the high-spending domestic segment in the provinces.
MontAzure’s luxury beachfront community shines
Published on 27/06/2024
» MontAzure is setting new standards in luxury beachfront living, combining residential, commercial, and hospitality components to create a world-class destination on Kamala Beach. The project is a joint venture between three prominent property and hotel investment groups in Asia: the Narai Group (Thailand), ARCH Capital (Hong Kong), and Philean Capital (Singapore), part of the Pontiac Land Group. Each partner brings unique strengths to the venture, bolstering MontAzure’s stature as a premier beachfront community in Thailand and Asia.
Frasers Property allots B25bn for expansion
Kanana Katharangsiporn, Published on 27/06/2024
» SET-listed Frasers Property (Thailand) (FPT) plans to spend 25 billion baht from 2025 to 2029 to expand its industrial business in Thailand, Vietnam and Indonesia, capitalising on the growth of foreign direct investment (FDI) in Southeast Asia.
Julapun defends new property proposals
Business, Wichit Chantanusornsiri, Published on 26/06/2024
» The proposal to allow foreigners to purchase real estate in Thailand will help stimulate the local economy, says Deputy Finance Minister Julapun Amornvivat.
Amata VN forecasts revenue to rise by up to 20%
Business, Lamonphet Apisitniran, Published on 25/06/2024
» SET-listed Amata VN, an industrial estate developer in Vietnam, expects its revenue to increase by 15-20% in 2024, driven by more foreign investment in Vietnam, especially from China, as a result of geopolitical conflicts and the US-China trade war.
'No effect' from increasing foreign ownership quota
Kanana Katharangsiporn, Published on 24/06/2024
» An increase in the foreign ownership quota for condos to 75% is unlikely to significantly impact the Thai property market or economy as very few condo projects have reached the quota, an analyst said.
PM allays foreign quota fears
Published on 23/06/2024
» Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75% and extend land lease terms for foreigners to 99 years from 30-50 years, saying these measures will help stimulate the economy.
Real estate execs back steps to boost foreign investment
Online Reporters, Published on 22/06/2024
» Local real estate executives have expressed support for proposals to extend land-lease periods to as long as 99 years, saying the change would be conducive to attracting more foreign investment.
Bangkok townhouse sales plunge
Business, Kanana Katharangsiporn, Published on 22/06/2024
» New sales of Greater Bangkok townhouses plummeted in the first quarter of 2024 to a 12-year low, nearing levels following the severe floods of 2011, largely attributed to weak demand in the middle to lower-end segments.
CPN proud to be in regional Fortune 500
Business, Published on 20/06/2024
» Central Pattana Plc (CPN) is included in the 2024 Fortune Southeast Asia 500, which represents the 500 largest companies in Southeast Asia by revenue, organised for the first time in the region by Fortune magazine.