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PROPERTY

Post-rejig, Sen X targets 40% growth

Kanana Katharangsiporn, Published on 31/05/2024

» SET-listed property firm Sen X plans to restructure by merging subsidiaries related to property services, expanding to manage non-residential properties, adding new businesses and shifting to high-priced housing segments to secure 40% growth by year-end.

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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

CPN optimistic on office rental outlook

Business, Kanana Katharangsiporn, Published on 30/05/2024

» SET-listed Central Pattana (CPN) is aiming for annual growth of more than 10% in the office rental business over a five-year period, following the completion of Central Park Offices at the Dusit Central Park mixed-use project next year.

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PROPERTY

Measures may not be sufficient

Business, Kanana Katharangsiporn, Published on 29/05/2024

» The government's property measures may not stimulate the residential market as much as expected because obstacles to home demand and purchasing power, particularly for units priced below 3 million baht, remain unchanged.

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PROPERTY

Foreign buyers drive Q1 condo sales

Business, Kanana Katharangsiporn, Published on 28/05/2024

» The condo market still has to rely on foreign demand as total transfers in the first quarter were mainly driven by foreign buyers, whose proportion rose to the highest in history, according to the Real Estate Information Center (REIC).

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PROPERTY

Condo glut in Cha-am likely to persist

Business, Kanana Katharangsiporn, Published on 28/05/2024

» The condo market in Cha-am still faces a glut, with the inventory of unsold units expected to take 10 years to be absorbed, while the Hua Hin condo market remains robust, says property consultant Colliers Thailand.

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PROPERTY

Big developers banking on Nonthaburi

Business, Kanana Katharangsiporn, Published on 25/05/2024

» Eight large developers launched or plan to release 4,600 residential units with an expected combined sales value of 50 billion baht on 1,300 rai in Nonthaburi, marking the first time they will be developing next to each other, while hoping to avoid direct competition.

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PROPERTY

Asia-Pacific real estate assets at 'high risk' from climate change

Reuters, Published on 22/05/2024

» SINGAPORE - Nearly one in ten properties owned by leading real estate investment trusts (REITs) in the Asia-Pacific region may be at "high risk" of damage from climate change, particularly in coastal regions, a report published on Wednesday showed.

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PROPERTY

Frasers ups presence in condo segment

Business, Kanana Katharangsiporn, Published on 21/05/2024

» Residential developer Frasers Property Home (Thailand) is planning to launch three new condo projects worth over 1 billion baht per year over the next few years to ensure the company has products in every segment.

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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.