Showing 1 - 10 of 33
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.
Noble investor to take control
Business, Kanana Katharangsiporn, Published on 11/09/2025
» The co-chief executive of SET-listed Noble Development, currently its second-largest shareholder, is set to become its largest shareholder, with restructuring expected to be completed by mid-2026 as part of the company's transition plans.
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.
Construction sector faces post-quake challenges
Business, Kanana Katharangsiporn, Published on 08/04/2025
» The construction sector, one of three industries affected by the March 28 earthquake, may benefit from post-quake repair work, but faces stricter bidding rules and a slowdown in condo development, according to a research centre.
Condo developers struggle with B80bn debt mountain
Kanana Katharangsiporn, Published on 13/03/2025
» A mismatch between loan terms and project durations has forced developers with substantial condo inventory to grapple with short-term debt obligations, with over 80 billion baht in debentures due for repayment this year, according to Asia Plus Securities (ASPS).
Bluport adds convention hall to Hua Hin mall
Business, Kanana Katharangsiporn, Published on 04/07/2024
» Hua Hin Asset, the developer and operator of Bluport Hua Hin Resort Mall, is adding a 3,000-square-metre convention hall to attract new target visitors and tenants, aiming to boost occupancy to 90% and reach the break-even point within three years.
Buyers without borders
Kanana Katharangsiporn, Published on 01/07/2024
» The cabinet last month resurrected the controversial issue of offering more welcoming residential property measures for foreign buyers.
Amending property rules likely to spur sales
Business, Kanana Katharangsiporn, Published on 19/04/2024
» Amending obsolete rules regarding property development can improve home purchasing power, enabling homebuyers to afford units, say developers.
Raimon preps trio of deluxe projects
Business, Kanana Katharangsiporn, Published on 05/04/2024
» SET-listed developer Raimon Land plans to launch three new luxury low-rise housing projects worth a combined 16 billion baht, while selling the One City Centre office building to generate revenue more quickly, aiming to turn a profit next year.
Developers call for clearer environmental reports
Business, Kanana Katharangsiporn, Published on 01/11/2023
» Condo developers are urging environmental impact assessment (EIA) reports to be reviewed based on clear standards, aiming to reduce subjective judgements because a delayed assessment process increases development costs.