Showing 1 - 10 of 215
Samyan Mitrtown to break even in three years
Business, Kanana Katharangsiporn, Published on 21/09/2024
» SET-listed Frasers Property Thailand is expecting the Samyan Mitrtown mixed-use project to break even within three more years, a shorter period than other commercial projects, but longer than initially anticipated because of the pandemic.
Office space slips as tenants upgrade
Business, Kanana Katharangsiporn, Published on 18/09/2024
» The occupancy rate of Grade B office space in Bangkok continues to decline, reaching a market low of 75% as tenants relocate to higher quality Grade A spaces equipped with better facilities in similar locations.
GVREIT ploughs B200m into offices
Business, Kanana Katharangsiporn, Published on 07/08/2024
» Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) will invest 200 million baht in the renovation of two office buildings in order to enhance their competitiveness and retain tenants amid a surge in office supply.
Orange Line delay hits condo project
Business, Kanana Katharangsiporn, Published on 06/08/2024
» The delayed opening of the Orange Line, which will run between Thailand Cultural Centre and Min Buri, has affected the development and launch of retail and commercial properties, but demand for condos on Ramkhamhaeng Road remains strong.
UHG allots B1bn for two mid-tier hotels
Business, Kanana Katharangsiporn, Published on 01/08/2024
» Commercial property developer UHG will invest 1 billion baht to expand with two new mid-tier hotels on Sukhumvit Soi 8 and Pradipat Road, banking on robust tourism demand in this segment, which has boosted revenue growth post-pandemic.
Creating an intelligent design
Business, Kanana Katharangsiporn, Published on 22/06/2024
» Bangkok design firm DWP claims to have revolutionised the Thai architectural industry by integrating artificial intelligence (AI) into its design processes, enhancing efficiency, and positioning itself at the forefront of Thailand's design landscape.
CPN optimistic on office rental outlook
Business, Kanana Katharangsiporn, Published on 30/05/2024
» SET-listed Central Pattana (CPN) is aiming for annual growth of more than 10% in the office rental business over a five-year period, following the completion of Central Park Offices at the Dusit Central Park mixed-use project next year.
Office demand turns negative in 1st quarter
Business, Kanana Katharangsiporn, Published on 25/04/2024
» The office market recorded negative absorption in the first quarter of 2024, ending a consecutive seven-quarter rise from mid-2022, as demand shifted from non-green to green spaces and downsized offices, according to property consultant Knight Frank Thailand.
Bangkok office blocks told to upgrade 'to survive'
Business, Kanana Katharangsiporn, Published on 02/04/2024
» Older office buildings in Bangkok should accelerate their upgrades as existing tenants are relocating to new prime towers, widening the gap in rents, says property consultant Jones Lang LaSalle (Thailand) (JLL).
Syntec sets record for new projects
Business, Kanana Katharangsiporn, Published on 27/03/2024
» Contractor Syntec Construction Plc secured a record high 21 new projects worth a combined 12.8 billion baht last year, benefiting from the recovering condo sector and less intense competition post-pandemic.