Showing 1 - 10 of 80
Developers suffer in Q1 amid stagnant economy
Business, Kanana Katharangsiporn, Published on 22/05/2025
» Nearly all Stock Exchange of Thailand (SET)-listed residential developers with quarterly revenue of at least 2.5 billion baht reported year-on-year declines in both revenue and net profit in the first quarter, mainly due to the economic slowdown and higher mortgage loan rejection rates.
Survival strategy of developers
Kanana Katharangsiporn, Published on 31/03/2025
» SET-listed developers are exploring ways to diversify risks and increase revenue as the residential slowdown lingers, with projections indicating it will persist for a few more years.
Iconic hotel seeks new investor
Business, Molpasorn Shoowong, Published on 15/01/2025
» Royal Orchid Sheraton Riverside Hotel is looking for a new investor, while Marriott International, which managed the hotel, is expanding in the region with the focus being on management and franchise contracts.
Top five business news stories of 2024: Sealing deals
Business, Published on 25/12/2024
» The outlook for Thai small businesses this year was not prosperous, as the economy continued to grow at a sluggish pace.Some large companies outperformed others, but often they were forced to adjust their structures and increase liquidity through major transactions.Notable deals included the separation of the food and real estate businesses within the Sirivadhanabhakdi family, as well as the year-end investment by CP Axtra, under Charoen Pokphand (CP) group, in the Happitat mall at Forestias, also under the CP umbrella.Several other corporations wrapped up deals in a bid to strengthen their position.
Grande Asset's Hyatt sale sets record
Business, Narumon Kasemsuk, Published on 25/12/2024
» Though the tourism sector may fall short of the government's target for arrivals this year, despite recording more than 33 million arrivals in the first 11 months, the hospitality sector's performance has been ignited countrywide, especially in the gateway city of Bangkok.
Property Perfect chops presales, revenue outlook
Kanana Katharangsiporn, Published on 27/11/2024
» SET-listed developer Property Perfect halved its 2024 presales target to 8.2 billion baht and cut its revenue projection by 20% to 8.8 billion baht, marking the second revision this year, as it plans to sell riverside hotel Royal Orchid Sheraton for 6 billion baht next year.
More man-made entertainment magnets in Thailand
Business, Molpasorn Shoowong, Published on 16/09/2024
» While Thailand is usually perceived as a "sea, sand and sun" destination, attracting new tourism markets by developing man-made attractions has piqued the interest of the private sector.
Property Perfect plans cautious strategy
Business, Kanana Katharangsiporn, Published on 28/02/2024
» SET-listed developer Property Perfect is taking a more cautious approach this year, focusing on debt reduction and launching fewer new projects because of stricter funding rules for both supply and demand.
Amatara Residences Rayong: Ultra-Luxury Wellness Living Unveils Beachfront Retreat
Published on 03/11/2023
» As the demand for luxury real estate continues to rise, "Amatara Residences Rayong," a massive project spanning 92-3-12 rai, developed by Grand Asset Hotels & Property, a leading real estate developer in Thailand, and managed by "Amatara Welleisure Resort," a well-known and successful Holistic Wellness brand from Phuket, is moving ahead with its ultra-luxury residential development. The company has also unveiled the Master Plan model of "Amatara Residences Rayong" for the first time. It includes 3 and 4-bedroom beachfront pool villas that are ready for occupancy. Additionally, the second-phase development plan has been revealed, which offers the first and only sea-view pool villas on a hill in Rayong, along with the province's first luxury "Sky Bar" boasting breathtaking panoramic sea views. An important aspect of the project is its exceptional service and world-class residential standards. It comes with extensive facilities to cater to the health and well-being lifestyle, which is gaining momentum in the new normal era. The company is preparing to transform this mega project into a world-class residential and vacation home destination that promotes a healthy lifestyle. It aims to create the only integrated wellness community in Rayong, further driving Rayong and Thailand to become wellness tourism hubs of the world.
Property Perfect records hotel revenue surge in Q1
Business, Kanana Katharangsiporn, Published on 05/04/2023
» SET-listed developer Property Perfect recorded hotel revenue growth of more than four times in the first quarter of 2023 thanks to a robust recovery in the tourism sector.