Showing 1 - 10 of 42
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.
Contractors warned of looming private sector hazards
Business, Kanana Katharangsiporn, Published on 28/04/2025
» SET-listed contractors heavily reliant on private sector construction may face challenges next year due to the economic slowdown, while those focused on public projects will likely benefit from reduced competition, according to Kasikorn Securities.
Mortgage rejection rates expected to remain high
Business, Kanana Katharangsiporn, Published on 10/04/2025
» Mortgage rejection rates are anticipated to remain elevated due to persistent global economic headwinds, though eased loan-to-value (LTV) limits and lower fees may help support a recovery in the housing market, according to banks and developers.
Bangkok residential supply dip to persist
Business, Kanana Katharangsiporn, Published on 11/02/2025
» Launches of new residential supply in Greater Bangkok will decline for a third consecutive year in 2025, largely attributed to an increase in unsold units carried over from 2024, an uncertain economy and high household debt, according to Kasikorn Research Center.
Thai residential index the lowest in 12 quarters
Kanana Katharangsiporn, Published on 09/01/2025
» The overall residential market index in Thailand in the third quarter of 2024 dropped to its lowest level in 12 quarters, dating back to the third quarter of 2021, driven by declining housing transfers and a slowdown in supply.
Developers look to shareholders for loans
Kanana Katharangsiporn, Published on 05/08/2024
» Listed residential developers have sought to retain and raise cash by avoiding new costs, borrowing short-term loans from major shareholders, and selling assets to mitigate risks amid difficulties in the financial market and limited mortgage loan approvals.
Property Perfect to launch lone project
Business, Kanana Katharangsiporn, Published on 02/08/2024
» SET-listed developer Property Perfect has scaled back its new project launches this year from seven projects worth 7.7 billion baht to just one -- the lowest number it has recorded in over 20 years -- to minimise risk amid reduced purchasing power and financial challenges.
Mortgage terms may be extended
Kanana Katharangsiporn, Published on 10/07/2024
» The Ministry of Finance is planning to hold discussions with commercial banks about the possibility of extending the home loan repayment period to a maximum age of 85 among borrowers in an effort to stimulate local demand amid the economic slowdown.
Residential developers getting cold feet
Kanana Katharangsiporn, Published on 06/06/2024
» The residential construction area permitted nationwide in the first three months of 2024 is expected to plunge to the lowest level in 12 quarters, reflecting developers slowing new launches of residential supply because of weak demand.
Greater Bangkok housing market still tepid in Q1
Business, Kanana Katharangsiporn, Published on 09/04/2024
» Despite recording a 30% increase in visitor numbers at the House & Condo Show last month, the residential market in Greater Bangkok in the first quarter of 2024 remained unfavourable, attributed to poor purchasing power.