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Search Result for “job losses”

Showing 1 - 10 of 48

BUSINESS

Property Perfect plans to sell land, inventory for liquidity

Business, Kanana Katharangsiporn, Published on 13/02/2026

» SET-listed developer Property Perfect has frozen new project launches this year and plans to offer land bank plots and properties worth a combined 4.8 billion baht for sale to strengthen liquidity.

PROPERTY

Rental market thrives despite demand for home ownership

Business, Kanana Katharangsiporn, Published on 11/12/2025

» Most Thais continue to value owning high-value assets such as homes, widely regarded as symbols of stability, success and social standing, while the rental market is expanding rapidly as more consumers seek flexibility and avoid long-term debt obligations, according to the SCB Economic Intelligence Center (EIC).

PROPERTY

Raimon Land steps up sale of major holdings

Business, Kanana Katharangsiporn, Published on 03/12/2025

» SET-listed developer Raimon Land (RML) is accelerating the sale of major assets, including its 8.4-billion-baht stake in the One City Centre (OCC) office tower, as part of efforts to enhance liquidity in the first quarter of 2026.

BUSINESS

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.

PROPERTY

Rabbit looks to return to profit amid divestment

Business, Kanana Katharangsiporn, Published on 10/09/2025

» SET-listed Rabbit Holdings, a financial services and real estate subsidiary of BTS Group Holdings, expects to return to profit by year-end as part of its divestment plan.

PROPERTY

Developers suffer in Q1 amid stagnant economy

Business, Kanana Katharangsiporn, Published on 22/05/2025

» Nearly all Stock Exchange of Thailand (SET)-listed residential developers with quarterly revenue of at least 2.5 billion baht reported year-on-year declines in both revenue and net profit in the first quarter, mainly due to the economic slowdown and higher mortgage loan rejection rates.

BUSINESS

Banks highlight methods to reduce mortgage rejections

Business, Kanana Katharangsiporn, Published on 17/04/2025

» Clearing debts, disclosing all sources of income, preparing documents and avoiding rushed applications can reduce the mortgage rejection rate, which rose to an average of 45% in the first quarter, according to financial institutions.

BUSINESS

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.

PROPERTY

Housing market unmoved by rate cut

Kanana Katharangsiporn, Published on 06/11/2024

» The recent 0.25-percentage-point cut in interest rates is unlikely to have an immediate effect on the housing market as the reduction is too modest to generate a significant impact, according to SET-listed developer Sena Development.

PROPERTY

Office tower sale to help get Raimon back in the black

Business, Kanana Katharangsiporn, Published on 17/10/2024

» SET-listed developer Raimon Land (RML) is anticipating a return to profit next year, driven by the sale of an office tower on Phloenchit Road valued at 14.8 billion baht and the launch of super-luxury houses priced from 880 million baht.