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PROPERTY

Supalai, Huawei join forces on solar rooftops

Kanana Katharangsiporn, Published on 28/03/2024

» As the cost of solar rooftop installation has decreased, SET-listed developer Supalai expects to install 15,000 solar rooftops at its projects nationwide by 2028 through a partnership with Huawei to incorporate digital technology.

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PROPERTY

Influx of mixed-use projects poised to transform market

Business, Kanana Katharangsiporn, Published on 05/03/2024

» An influx of new property supply from 10 world-class mixed-use development projects located in the central business district (CBD) is set to transform Bangkok and Thailand, according to property consultant Jones Lang LaSalle (Thailand) (JLL).

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PROPERTY

Bangkok land prices set for record

Business, Kanana Katharangsiporn, Published on 01/02/2024

» The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity.

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GENERAL

Hotel eyeing 80% occupancy

Business, Kanana Katharangsiporn, Published on 31/01/2024

» Courtyard by Marriott Bangkok Suvarnabhumi Airport, a new hotel owned by members of the Jiaravanont and Lamsam families, aims to achieve an 80% occupancy rate in its first year, given its strategic location that attracts a varied segment.

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PROPERTY

UHG expects 10% revenue hike this year

Business, Kanana Katharangsiporn, Published on 05/01/2024

» Commercial property developer UHG expects revenue growth of 10% to 2.2 billion baht in 2024, with Chinese tourist arrivals potentially returning in the third quarter of the year.

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PROPERTY

Residential market records tepid growth

Kanana Katharangsiporn, Published on 13/11/2023

» The residential market this year will have lower than expected growth, primarily because of the relatively poor performance in the third quarter caused by numerous negative factors, notably higher interest rates, says Supalai.

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PROPERTY

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.

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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

Ananda opts to initiate price cuts

Business, Kanana Katharangsiporn, Published on 28/09/2023

» Ananda Development Plc will cut the prices of its ready-to-move-in residential units, reducing the company's gross profit by 8%, in an effort to secure liquidity and bolster cash flow amid a risk that it may be unable to secure a bond rollover, along with the crisis generated by the Ashton Asoke case.

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PROPERTY

CPN keen on Phuket condos

Kanana Katharangsiporn, Published on 11/09/2023

» SET-listed Central Pattana (CPN) plans to launch two new phases of Phyll Phuket, a condo project near Central Phuket Floresta, with 700 units worth a combined 3 billion baht next year as condo demand in Phuket remains robust, driven by the tourism sector.