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Search Result for “severe damage”

Showing 1 - 10 of 54

PROPERTY

Pressured property developers look to adapt

Kanana Katharangsiporn, Published on 29/12/2025

» The residential property market closed 2025 under heavy pressure from weak purchasing power, tight mortgage lending and external shocks, prompting developers to recalibrate strategies for 2026 around affordability, risk management and liquidity preservation.

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

Stecon ventures into property development

Business, Kanana Katharangsiporn, Published on 01/10/2025

» SET-listed contractor Stecon Group has diversified into property development, targeting an initial return of at least 15%, starting with a 14-billion-baht joint venture condo project with SET-listed residential developer Noble Development.

PROPERTY

Condo market now driven by end users

Business, Kanana Katharangsiporn, Published on 05/09/2025

» Condo purchases in Bangkok are being propelled by end users and rental investors targeting working professionals with units priced 3-5 million baht, as negotiable pricing remains essential to closing deals, according to SET-listed developer Sansiri.

PROPERTY

Bangkok residential market slumps to a 20-year nadir

Kanana Katharangsiporn, Published on 29/07/2025

» Competition for land purchases in Greater Bangkok has slowed as housing inventory rises, sales decline, and developers pivot to clearing unsold stock to generate cash amid the worst market conditions in two decades.

PROPERTY

Low-rise developers urged to boost safety

Business, Kanana Katharangsiporn, Published on 11/07/2025

» Low-rise housing developers should invest more in structural reinforcement to improve resilience against potential future tremors, which are likely following the earthquake in Myanmar in March, according to the Thai Structural Engineers Association.

PROPERTY

Dusit Thani to be a cautious investor

Kanana Katharangsiporn, Published on 28/06/2025

» Hospitality firm Dusit Thani Plc plans to adopt a more cautious approach to new investments amid economic uncertainty, in a bid to recognise revenue from its residential projects by year-end.

PROPERTY

Condo buyers switch priorities post-quake

Business, Kanana Katharangsiporn, Published on 26/06/2025

» Since the March 28 earthquake, construction standards and developer accountability have become the top priorities among homebuyers, with prospective condo buyers wishing to establish whether a potential home is able to stand up to a quake while seeking to identify the contractor.

PROPERTY

SC Asset Corporation touts extending foreign leaseholds

Business, Kanana Katharangsiporn, Published on 18/06/2025

» With the residential market expected to contract for at least three years, Thailand should restore foreign tourist confidence to drive economic growth and extend leasehold ownership to at least 60 years to attract international buyers, according to SET-listed developer SC Asset Corporation.

BUSINESS

Quelling the tremors of March 28

Business, Kanana Katharangsiporn, Published on 07/06/2025

» The earthquake that struck Myanmar on March 28 sent tremors through many high-rise buildings in Bangkok, shaking not just the structures but also buyer confidence, if only briefly.