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Bangkok governor responds to city plan criticism

News, Supoj Wancharoen, Published on 13/02/2024

» Bangkok governor Chadchart Sittipunt said on Monday that comprehensive city planning would not benefit financiers, adding that it can be revised after opposition from civil society networks.

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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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PROPERTY

Scope poised to roll out B3bn condo project in Sukhumvit

Kanana Katharangsiporn, Published on 24/01/2024

» Luxury developer Scope Co plans to launch a new condo project, Scope Thonglor, worth 3 billion baht with only 18 units, each occupying an entire floor and priced from 200 million baht, aiming to achieve 1.65 billion baht in sales during the launch period.

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PROPERTY

DAD eyes state construction projects

Business, Kanana Katharangsiporn, Published on 23/01/2024

» Dhanarak Asset Development (DAD) Co, a state enterprise under the Ministry of Finance, is diversifying to become a one-stop service provider for the construction of property for state agencies, with the aim of having at least two projects per year during the period 2024-27.

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PROPERTY

Noble continues to tap overseas markets

Business, Kanana Katharangsiporn, Published on 19/01/2024

» After achieving a record high in overseas sales last year, SET-listed developer Noble Development will continue introducing ready-to-move-in condos priced below 5 million baht in locations familiar to foreigners to tap overseas markets this year.

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PROPERTY

Chinese, Russians among top condo buyers

Bloomberg News, Published on 15/12/2023

» Chinese and Russians have topped the list of foreign buyers of condominiums in Thailand this year, with sales surging in tourist hotspots like Bangkok, Pattaya and Phuket.

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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

PF preps 2nd phase of Khao Yai villas

Business, Kanana Katharangsiporn, Published on 27/11/2023

» SET-listed developer Property Perfect (PF) plans to launch a second phase of its luxury villa project in Khao Yai worth 1.6 billion baht after selling two-thirds of the units from the first phase -- valued at 1 billion baht -- in two years amid a fivefold increase in land prices over a five-year period.

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PROPERTY

Sector steered by demographic trend

Kanana Katharangsiporn, Published on 23/11/2023

» The development of nursing homes has an estimated market value of up to 19.2 billion baht over the next decade, a significant sum thanks to a substantial gap between limited supply and a projection of high demand.

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PROPERTY

Park85 condo to set record

Kanana Katharangsiporn, Published on 06/11/2023

» The third generation of the founder of Bangkok Patana School plans to develop Park85 Residences, a low-rise condo project worth 2.4 billion baht on Sukhumvit Soi 85, with unit prices setting a record for low-rise condos.