Showing 1 - 10 of 32
Stimulus expected to spur developer confidence in Q2
Business, Kanana Katharangsiporn, Published on 20/04/2024
» Sentiment among housing developers is expected to significantly improve in the second quarter following the implementation of property stimulus measures approved earlier this month.
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).
Housing prospects dim in Q1
Kanana Katharangsiporn, Published on 26/02/2024
» The housing market outlook remains hazy for the first quarter as both developers and homebuyers lack confidence in performance and purchases, dampened by elevated interest rates.
LPN eyes condo revenue of B5bn
Kanana Katharangsiporn, Published on 26/02/2024
» SET-listed L.P.N. Development aims to generate revenue of 4.5-5 billion baht from its condo inventory totalling 11 billion baht by offering discounts, as the carrying cost of inventory is 4% per year, says the new top executive.
UHG expects 10% revenue hike this year
Business, Kanana Katharangsiporn, Published on 05/01/2024
» Commercial property developer UHG expects revenue growth of 10% to 2.2 billion baht in 2024, with Chinese tourist arrivals potentially returning in the third quarter of the year.
Construction jobs to grow amid condo revival
Kanana Katharangsiporn, Published on 23/11/2023
» Construction jobs in the private sector are expected to rebound next year as the effects of the pandemic on the property sector, particularly the condo segment, are projected to end this year, according to SET-listed contractor Prebuilt Plc.
Residential market records tepid growth
Kanana Katharangsiporn, Published on 13/11/2023
» The residential market this year will have lower than expected growth, primarily because of the relatively poor performance in the third quarter caused by numerous negative factors, notably higher interest rates, says Supalai.
Singapore developer Frasers’ profit slumps on global downturn
Bloomberg News, Published on 11/11/2023
» SINGAPORE - Frasers Property Limited, a Singaporean multinational real estate and property management company, reported a significant drop in full-year profit as higher interest rates prompted fair value losses on commercial properties in the United Kingdom (UK), Australia and Europe.
Demand remains healthy for single detached houses
Business, Kanana Katharangsiporn, Published on 24/10/2023
» The single detached house market in Greater Bangkok has been robust since last year, resulting in a year-on-year increase in the price index for five consecutive quarters as demand is strong.
China property market shows little signs of revival despite stimulus
Reuters, Published on 20/10/2023
» HONG KONG/BEIJING - China's troubled property market is showing little signs of a recovery in the short term despite a series of government stimulus measures to help revive activity in the sector which makes up a quarter of the nation's economic output.