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GENERAL

Sansiri emphasises finding young talent

Business, Kanana Katharangsiporn, Published on 21/10/2023

» After Srettha Thavisin, former president of Sansiri Plc, ventured into politics, the company remained steadfast in its commitment to being a property developer that new generations aspire to work for.

PROPERTY

FPT shifts focus to low-rise inventory

Kanana Katharangsiporn, Published on 21/10/2023

» SET-listed Frasers Property Thailand (FPT) plans to revise its business plan for 2024 and launch only one low-rise condo project in the fourth quarter this year, focusing instead on its inventory of low-rise houses because of negative factors.

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PROPERTY

Condo prices suffer from glut

Business, Kanana Katharangsiporn, Published on 19/10/2023

» The price index of new condos in Nonthaburi and Samut Prakan declined for four consecutive quarters because of an oversupply of unsold units in older projects, primarily within price segments affected by negative factors.

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PROPERTY

Singha to launch B5bn projects in Q4

Business, Kanana Katharangsiporn, Published on 17/10/2023

» SET-listed Singha Estate is planning to launch two new low-rise housing projects worth 5 billion baht in the fourth quarter, targeting a pricing segment of 15 million baht as buyers in this range are receiving a minimal impact from economic conditions.

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PROPERTY

Sentiment index slips in third quarter

Business, Kanana Katharangsiporn, Published on 13/10/2023

» The sentiment of housing developers for the next six months declined in the third quarter, with the most significant drop relating to employment concerns after the government announced a minimum daily wage of 400 baht next year.

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PROPERTY

L.P.N. to offer virtual house tours

Business, Kanana Katharangsiporn, Published on 12/10/2023

» SET-listed residential developer L.P.N. Development plans to use augmented reality (AR) and virtual reality (VR) to introduce new low-rise housing projects, reducing the preparation time before launching in response to rising costs.

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PROPERTY

Charn Issara upbeat on revenue growth target

Business, Kanana Katharangsiporn, Published on 11/10/2023

» SET-listed Charn Issara Development is confident it can achieve its revenue growth target this year, driven by the recovery of the tourism sector and the completion of two condo projects this quarter.

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PROPERTY

Banyan Tree in B17bn Khao Yai project

Business, Kanana Katharangsiporn, Published on 10/10/2023

» Hospitality firm Banyan Tree Group has partnered with the owner of a 226-rai plot of land in Khao Yai to develop a branded residence project worth 17 billion baht, capitalising on strong post-pandemic demand for second homes.

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GENERAL

UHG to invest B3.1bn to develop two new hotels

Business, Kanana Katharangsiporn, Published on 07/10/2023

» Hotel and office developer UHG plans to invest 3.1 billion baht to develop two new hotels in the Ramkhamhaeng and Phaya Thai areas to capitalise on the potential of these locations and meet high demand from its hotels nearby.

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PROPERTY

Russians spur Phuket luxury villa market

Business, Kanana Katharangsiporn, Published on 04/10/2023

» Increasing demand for luxury villas in Phuket from Russian buyers is driving new supply in the market to reach a record high this year, which could result in a glut.