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PROPERTY

Phuket posts over 10% rental yield

Kanana Katharangsiporn, Published on 30/10/2024

» The rental residential market in Phuket has generated an annual yield of more than 10% this year, driven by the ongoing tourism and property boom, which has fuelled high demand for short- and long-term rental properties in prime areas.

PROPERTY

AssetWise posts record Q2 revenue

Kanana Katharangsiporn, Published on 14/08/2024

» SET-listed developer AssetWise set a record for revenue in the second quarter, driven by a strong performance from its campus condo and Phuket projects as the company expects to maintain momentum in the second half.

PROPERTY

Second-hand home market posts gains

Kanana Katharangsiporn, Published on 25/12/2023

» Rising housing prices and interest rates coupled with reduced purchasing power are expected to drive demand for second-hand homes in preferred locations at more affordable prices, according to the Real Estate Information Center (REIC).

PROPERTY

Ashton Asoke condo move raises eyebrows

Business, Kanana Katharangsiporn, Published on 02/08/2023

» The Supreme Administrative Court's ruling last Thursday, which revoked the receipt of notification of intention for construction or modification of the building granted to the already-finished-and-transferred 50-storey Ashton Asoke condo project, caused a stir among the public, leaving people curious about the case and its potential outcome.

BUSINESS

Standard forecasts continuing tourism growth

Business, Kanana Katharangsiporn, Published on 12/12/2022

» Standard International, a hospitality subsidiary of SET-listed developer Sansiri, is expecting this year's strong tourism recovery to continue into 2023, with the resumption of the Chinese market a key driver.

BUSINESS

Seacon seeks 28% sales growth in 2022

Business, Kanana Katharangsiporn, Published on 27/01/2022

» Homebuilder Seacon aims for 28% sales growth this year to 2.4 billion baht as the homebuilding market resumes, with high-priced houses a key driver.

BUSINESS

Course operator taps into growing interest in golf

Business, Kanana Katharangsiporn, Published on 07/12/2021

» A member of the Phornprapha family, which owns Siam Motors Group, plans to revamp its marketing strategy for a new golf course to target younger players who have become more interested in the sport.

BUSINESS

Condo sector remains stuck in doldrums

Business, Kanana Katharangsiporn, Published on 30/08/2021

» Anti-government protests that turned violent are expected to impact condo demand from foreign buyers, even though some relaxation of lockdown restrictions next month may help lift overall sentiment, according to property consultancy Edmund Tie & Co Thailand.

BUSINESS

Pruksa unit retains low-rise focus

Business, Kanana Katharangsiporn, Published on 20/08/2021

» Developer Pruksa Real Estate remains focused on low-rise houses in locations with good sales rates, using online channels and clearing inventory to maintain presales and revenue targets amid a sluggish market.

BUSINESS

Virtual expo offers marketing bargains

Business, Kanana Katharangsiporn, Published on 18/08/2021

» Event organiser Rightman Co and digital marketing group YDM (Thailand) aim to achieve 5 billion baht in sales at a four-day virtual property expo which costs a fraction of a traditional brick-and-mortar fair.