Showing 1 - 10 of 217
ESTAR targets 5% growth in revenue by year-end
Business, Kanana Katharangsiporn, Published on 16/07/2025
» SET-listed developer Eastern Star Real Estate (ESTAR) aims to grow its revenue by 5% to 2 billion baht by the end of this year, focusing on high-demand locations as it shifts to the upper-end segment amid a stagnant market.
SC Asset Corporation touts extending foreign leaseholds
Business, Kanana Katharangsiporn, Published on 18/06/2025
» With the residential market expected to contract for at least three years, Thailand should restore foreign tourist confidence to drive economic growth and extend leasehold ownership to at least 60 years to attract international buyers, according to SET-listed developer SC Asset Corporation.
Thai consumer spending tightens
Business, Post Reporters, Published on 26/05/2025
» Quiet tourist attractions with fewer guests and complaints from local merchants about stagnant purchasing power have become more pronounced, as the Thai economy braces for another slump in the second quarter, which is typically a low season for spending.
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.
Property investment cut amid weak demand
Business, Kanana Katharangsiporn, Published on 23/04/2025
» Residential developers in three eastern provinces slowed new investments last year in response to weak demand, driven by high mortgage rejection rates among local homebuyers.
Banks highlight methods to reduce mortgage rejections
Business, Kanana Katharangsiporn, Published on 17/04/2025
» Clearing debts, disclosing all sources of income, preparing documents and avoiding rushed applications can reduce the mortgage rejection rate, which rose to an average of 45% in the first quarter, according to financial institutions.
Chinese EEC investment disappoints
Business, Kanana Katharangsiporn, Published on 12/04/2025
» The benefit to Thai real estate from Chinese industrial investment may be limited to land sales in industrial estates and other areas within the Eastern Economic Corridor (EEC), as Chinese investors often bring their own materials, labour and contractors.
Mortgage rejection rates expected to remain high
Business, Kanana Katharangsiporn, Published on 10/04/2025
» Mortgage rejection rates are anticipated to remain elevated due to persistent global economic headwinds, though eased loan-to-value (LTV) limits and lower fees may help support a recovery in the housing market, according to banks and developers.
Residential developers fine-tune strategy
Kanana Katharangsiporn, Published on 27/03/2025
» Residential supply and demand in Chon Buri has shifted towards the rental market due to weakened purchasing power and high mortgage rejection rates among prospective local homebuyers, while foreign demand remains strong, according to property executives.
Developers want urgent support
Business, Kanana Katharangsiporn, Published on 14/03/2025
» Residential developers want swift implementation of property measures, including cuts to transfer and mortgage fees and eased lending curbs, while calling on banks to reduce interest rates by 0.25%, the level of the policy rate reduction, instead of 0.05% to 0.10%.