Showing 1 - 10 of 26
Developers look to shareholders for loans
Kanana Katharangsiporn, Published on 05/08/2024
» Listed residential developers have sought to retain and raise cash by avoiding new costs, borrowing short-term loans from major shareholders, and selling assets to mitigate risks amid difficulties in the financial market and limited mortgage loan approvals.
Property Perfect to launch lone project
Business, Kanana Katharangsiporn, Published on 02/08/2024
» SET-listed developer Property Perfect has scaled back its new project launches this year from seven projects worth 7.7 billion baht to just one -- the lowest number it has recorded in over 20 years -- to minimise risk amid reduced purchasing power and financial challenges.
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.
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.
The battle over interest rates
Business, Published on 04/03/2024
» A rift over interest rates between Prime Minister Srettha Thavisin and the Bank of Thailand, led by governor Sethaput Suthiwartnarueput, has remained in the media spotlight for months.
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.
PF preps 2nd phase of Khao Yai villas
Business, Kanana Katharangsiporn, Published on 27/11/2023
» SET-listed developer Property Perfect (PF) plans to launch a second phase of its luxury villa project in Khao Yai worth 1.6 billion baht after selling two-thirds of the units from the first phase -- valued at 1 billion baht -- in two years amid a fivefold increase in land prices over a five-year period.
Synphaet Phatthanakan seen spurring condo sales
Business, Kanana Katharangsiporn, Published on 09/11/2023
» SET-listed developer Property Perfect Plc sold a plot of land to Synphaet Hospital to develop a new hospital adjacent to the company's new condo project in the Phatthanakan area, which could help stimulate demand for its condos.
Developers bullish on H2
Business, Kanana Katharangsiporn, Published on 18/08/2023
» SET-listed developers are hoping an economic recovery in the second half will help them achieve their performance goals this year after modest first-half results.
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.