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GENERAL

Montara to host Phuket health resort

Business, Kanana Katharangsiporn, Published on 29/04/2024

» Montara Hospitality Group, the owner and operator of luxury resort Trisara, expects to increase sales of high-priced villas at new project Tri Vananda through a partnership with Swiss holistic health company Clinique La Prairie, offering a health resort within the project.

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PROPERTY

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.

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PROPERTY

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).

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PROPERTY

TCC Assets preps B113bn One Bangkok

Business, Kanana Katharangsiporn, Published on 21/03/2024

» TCC Assets (Thailand), a property arm owned by the Sirivadhanabhakdi family, is transforming Rama IV Road with the launch of the 113-billion-baht One Bangkok mixed-use project, following its investment of nearly 39 billion baht in developing six projects along the same road.

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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

Surge in new office supply to prompt rejig

Business, Kanana Katharangsiporn, Published on 15/02/2024

» As around 1.4 million square metres of new office space is slated for completion between 2024 and 2026, landlords of existing office space should renovate or add new amenities to retain their existing tenants as new office towers will seek to attract both new clients and tenants of existing properties looking to relocate.

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PROPERTY

Reignwood set to plough B60bn into luxury project

Kanana Katharangsiporn, Published on 30/11/2023

» Reignwood Group, a property firm owned by Chinese-Thai businessman Chanchai Ruayrungruang, plans to invest more than 60 billion baht to develop Reignwood Park in Pathum Thani as the largest luxury mixed-use project in Southeast Asia.

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PROPERTY

Sansiri presales led by luxury segment

Business, Kanana Katharangsiporn, Published on 27/07/2023

» Property developer Sansiri Plc has recorded significant growth in its first-half presales of low-rise houses, driven primarily by the luxury segment, which accounted for 60% of total presales compared to less than half of total presales prior to the pandemic.

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PROPERTY

RX Wellness investing US$20m to transform Colorado castle

Business, Kanana Katharangsiporn, Published on 14/03/2023

» RX Wellness, a subsidiary of SET-listed developer M.K. Real Estate Development Plc, will invest US$20 million to renovate the historic 121-year-old Redstone Castle in Colorado as its fourth wellness centre, and is eyeing Tuscany as its next destination.

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PROPERTY

Condo prices likely to remain stable in 2023

Business, Kanana Katharangsiporn, Published on 22/02/2023

» New condo supply launched in central Bangkok this year should not be priced higher than existing inventory because a glut remains amid stagnant purchasing power, says a real estate consultancy.