Showing 1 - 10 of 45
Examining the crux of the credit crunch
Business, Kanana Katharangsiporn, Published on 18/10/2025
» Thailand's residential property sector is grappling with a severe credit crunch, as mortgage rejection rates have surged to an unprecedented 80% this year, up sharply from around 30% during the pandemic, according to developers.
Jorakay eyes 10% growth as overseas sales boom
Business, Kanana Katharangsiporn, Published on 01/05/2025
» Jorakay Corporation, a manufacturer of tile adhesive, grouting products and construction chemicals, is targeting 10% sales growth this year as its key export markets in Southeast Asia remain unaffected by US tariffs.
Charn Issara eyes luxury projects
Kanana Katharangsiporn, Published on 08/03/2025
» Charn Issara Development plans to launch six new projects worth a combined 16 billion baht, primarily in the luxury segment across Bangkok, Phuket and Hua Hin, driven by strong demand.
Details behind the great loan-to-value debate
Business, Kanana Katharangsiporn, Published on 07/12/2024
» Amid slowing demand and economic uncertainty, residential developers are urging regulators to ease loan-to-value (LTV) rules, believing more flexible measures could revitalise the housing market, enhance affordability and propel an economic recovery.
SC eyes B10bn revenue from new sectors
Kanana Katharangsiporn, Published on 25/09/2024
» SET-listed SC Asset Corporation will invest 20 billion baht between 2025 and 2029 in logistics, hotels and office rentals, aiming to generate a total revenue of 10 billion baht over the five-year period from these recurring income businesses.
Sansiri eyes foreign market, luxury niche
Business, Kanana Katharangsiporn, Published on 12/07/2024
» SET-listed developer Sansiri is preparing for a fragile market in the second half by securing bank loans totalling 15 billion baht, seeking to enhance foreign demand and launching upper-end projects.
Yong eyes 2 new plants in Rayong
Business, Kanana Katharangsiporn, Published on 23/05/2024
» Yong Concrete, an MAI-listed producer of concrete products, is expanding with two new plants in Rayong to capitalise on rising demand in the Eastern Economic Corridor (EEC), diversifying risk from the property market slowdown and government budget delays.
The Aspen Tree collaboration eyes retirees
Business, Kanana Katharangsiporn, Published on 19/03/2024
» The Aspen Tree, a residential project for the over-50s and part of large-scale mixed-use development The Forestias, is collaborating with Happiness Science Hub by the Research and Innovation for Sustainability Center (RISC) and Canadian geriatric experts Baycrest to prevent brain deterioration in seniors, targeting affluent Thai and overseas buyers planning for retirement.
LPN eyes condo revenue of B5bn
Kanana Katharangsiporn, Published on 26/02/2024
» SET-listed L.P.N. Development aims to generate revenue of 4.5-5 billion baht from its condo inventory totalling 11 billion baht by offering discounts, as the carrying cost of inventory is 4% per year, says the new top executive.
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.