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PROPERTY

Crackdown dents condo purchases

Business, Kanana Katharangsiporn, Published on 08/06/2024

» Myanmar's crackdown on Thai condo purchases by its citizens could cause a significant decline in condo transfers during the second and third quarters, according to the Thai Condominium Association.

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PROPERTY

Foreign buyers drive Q1 condo sales

Business, Kanana Katharangsiporn, Published on 28/05/2024

» The condo market still has to rely on foreign demand as total transfers in the first quarter were mainly driven by foreign buyers, whose proportion rose to the highest in history, according to the Real Estate Information Center (REIC).

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PROPERTY

Frasers ups presence in condo segment

Business, Kanana Katharangsiporn, Published on 21/05/2024

» Residential developer Frasers Property Home (Thailand) is planning to launch three new condo projects worth over 1 billion baht per year over the next few years to ensure the company has products in every segment.

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PROPERTY

Struggling to recover

Kanana Katharangsiporn, Published on 06/05/2024

» With an unfavourable economy and expiration of discounts for the land and building tax this year, property developers are thinking twice about acquiring new land plots, shifting instead to draining inventory.

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PROPERTY

Plus Property sets ambitious 2024 revenue goal

Post Reporters, Published on 24/04/2024

» Plus Property Co Ltd (PLUS) is reinforcing its leadership in comprehensive professional property and facility management, aiming to expand its business while maintaining its top position in quality. Over the past year, PLUS successfully managed approximately 400 real estate projects nationwide, covering more than 20 million square metres of area under management.

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PROPERTY

Foreign condo sales top pre-Covid level

Published on 04/04/2024

» Chinese and Russians topped the list of foreign buyers of condominiums in Thailand last year, with visa waivers and geopolitical conflict driving demand above pre-Covid levels, according to the Real Estate Information Center (REIC).

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PROPERTY

Bangkok office blocks told to upgrade 'to survive'

Business, Kanana Katharangsiporn, Published on 02/04/2024

» Older office buildings in Bangkok should accelerate their upgrades as existing tenants are relocating to new prime towers, widening the gap in rents, says property consultant Jones Lang LaSalle (Thailand) (JLL).

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PROPERTY

Eastern developers ease supply

Kanana Katharangsiporn, Published on 01/04/2024

» The ability of local developers to adapt improved absorption rates across most housing categories in three eastern provinces, as they slowed launches amid unfavourable conditions.

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PROPERTY

New residential sales fell 22.5% in 2023

Business, Kanana Katharangsiporn, Published on 29/03/2024

» New residential units sold in Greater Bangkok in the fourth quarter of 2023 declined by 14.5% year-on-year, resulting in a 22.5% decrease for the full year, according to the Real Estate Information Center (REIC).

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PROPERTY

Chinese buyers benefited from Hong Kong's property curbs removal

South China Morning Post, Published on 26/03/2024

» HONG KONG: Mainland Chinese buyers are aggressively snapping up new luxury homes worth HK$30 million (140 million baht) or more since the removal of all of Hong Kong's property curbs last month, JLL said.