Showing 1 - 10 of 180
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.
Caution urged for Pattaya developers amid fears of a glut
Business, Kanana Katharangsiporn, Published on 07/05/2024
» Despite strong sales last year, Pattaya developers need to exercise caution before launching new condos to avoid an oversupply, as new launches in the market are projected to grow 50% to 5,000 units in 2024, according to property consultant Colliers Thailand.
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.
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.
Residential demand slows greatly in Chiang Mai
Kanana Katharangsiporn, Published on 18/03/2024
» Residential demand in Chiang Mai began slowing in the second half of 2023 and has continued through the first two months of this year, largely attributed to shrinking purchasing power caused by the economic slowdown and higher interest rates.
Housing prices expected to remain flat
Business, Kanana Katharangsiporn, Published on 27/02/2024
» Housing prices this year will remain flat as the market is forecast to be unfavourable, with an overwhelming number of unsold units and many developers seeking to cash in.
LPN eyes condo revenue of B5bn
Kanana Katharangsiporn, Published on 26/02/2024
» SET-listed L.P.N. Development aims to generate revenue of 4.5-5 billion baht from its condo inventory totalling 11 billion baht by offering discounts, as the carrying cost of inventory is 4% per year, says the new top executive.
LH rejigs towards recurring income
Kanana Katharangsiporn, Published on 27/01/2024
» SET-listed developer Land & Houses has reshaped its investment portfolio, amplifying its focus on recurring income properties, particularly hotels in Thailand and the US, while reducing investments in residential development.
Land & Houses aiming to launch 11 projects
Kanana Katharangsiporn, Published on 17/01/2024
» SET-listed Land & Houses plans to launch 11 new residential projects worth a combined 30.2 billion baht, all of which are low-rise houses with most in the upper-end segment as condo supply remains plentiful.
Developers should be wary of low-cost condo segment
Business, Kanana Katharangsiporn, Published on 02/01/2024
» Developers should exercise caution when launching new condos and townhouses priced less than 2 million baht in Greater Bangkok as a substantial inventory of unsold units might result in increased competition, potentially leading to discounted prices.