Showing 1 - 10 of 14
Banyan lines up 20 projects
Business, Kanana Katharangsiporn, Published on 05/11/2024
» Banyan Group, the hospitality-led property developer, plans to launch 20 new projects over the next few years, aiming to achieve an annual sales target of 10 billion baht -- a new record in the group's history, following a record-breaking performance this year.
Firms jittery on new launches
Kanana Katharangsiporn, Published on 26/09/2024
» Residential developers in Greater Bangkok should exercise caution regarding new launches over the next nine months as the market is showing signs of strain, with declining sales and increasing unsold inventory in the second quarter.
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.
Residential market records tepid growth
Kanana Katharangsiporn, Published on 13/11/2023
» The residential market this year will have lower than expected growth, primarily because of the relatively poor performance in the third quarter caused by numerous negative factors, notably higher interest rates, says Supalai.
Ananda opts to initiate price cuts
Business, Kanana Katharangsiporn, Published on 28/09/2023
» Ananda Development Plc will cut the prices of its ready-to-move-in residential units, reducing the company's gross profit by 8%, in an effort to secure liquidity and bolster cash flow amid a risk that it may be unable to secure a bond rollover, along with the crisis generated by the Ashton Asoke case.
Condo ruling could affect financing
Business, Kanana Katharangsiporn, Published on 11/08/2023
» The Ashton Asoke case, in which the condo was ordered to have its construction permit revoked, will have an impact on property developers who depend on issuing debt instruments and securing loans for funding, as lenders are becoming more hesitant, according to developers.
SC Asset focuses on stability, not profit
Business, Kanana Katharangsiporn, Published on 28/11/2020
» SET-listed developer SC Asset Corporation Plc wants to focus on stability rather than profitability and growth, aiming to maintain annual revenue of 17-19 billion baht in 2021-22.
Trimmed market helps developers regain revenue
Business, Kanana Katharangsiporn, Published on 26/10/2020
» A focus on draining condo inventory and fewer condo launches helped listed developers regain some revenue momentum during the second quarter, says Asia Plus Securities (ASP).
Pruksa takes bold steps
Business, Kanana Katharangsiporn, Published on 04/06/2020
» Facing its worst revenue contraction on record, SET-listed developer Pruksa Holding Plc is taking unprecedented measures to weather the Covid-19 crisis by selling land banks, suspending new investments and managing cash flow in anticipation the market will shrink 30% this year.
Grande Asset clips 2020 hotel revenue
Business, Kanana Katharangsiporn, Published on 18/02/2020
» As the Covid-19 virus outbreak hits the tourism sector, SET-listed Grande Asset Hotels & Property Plc expects hotel revenue to deflate this year, while MBK Plc is set to revise its outlook.