Showing 1 - 10 of 26
Sansiri sells Standard shares to Hyatt
Nuntawun Polkuamdee, Published on 21/08/2024
» Shares of Sansiri Plc (SIRI) rose by nearly 5% on Wednesday after Thailand’s leading property developer announced an agreement to sell shares of the US-based lifestyle hotel Standard International to the Hyatt group for US$355 million.
Inner-city land prices increase in first half
Business, Kanana Katharangsiporn, Published on 17/08/2024
» The rise in land prices in Bangkok's inner-city locations was among the top five largest increases in both the first and second quarters of 2024, reflecting the trend of higher volumes of new condo supply launched in these areas.
Hunting for a place at the financial table
Wichit Chantanusornsiri, Published on 16/08/2024
» Amid the wreckage of the 1997 Asian financial crisis, also known as the "Tom Yum Kung" crisis, the Thai financial sector worked to develop a strong and resilient infrastructure.
Pruksa slashes value of new developments by B2bn
Molpasorn Shoowong, Published on 16/08/2024
» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.
More foreign ownership ‘could mean more illegal hotels’
Molpasorn Shoowong, Published on 13/08/2024
» Hotel operators are concerned about changes to foreign ownership rules for real estate because they believe it could lead to another influx of illegal hotels in Thailand.
GVREIT ploughs B200m into offices
Business, Kanana Katharangsiporn, Published on 07/08/2024
» Golden Ventures Leasehold Real Estate Investment Trust (GVREIT) will invest 200 million baht in the renovation of two office buildings in order to enhance their competitiveness and retain tenants amid a surge in office supply.
UHG allots B1bn for two mid-tier hotels
Business, Kanana Katharangsiporn, Published on 01/08/2024
» Commercial property developer UHG will invest 1 billion baht to expand with two new mid-tier hotels on Sukhumvit Soi 8 and Pradipat Road, banking on robust tourism demand in this segment, which has boosted revenue growth post-pandemic.
Real Estate Information Center targets better data gathering to head off crises
Business, Published on 27/07/2024
» The Real Estate Information Center (REIC) continues to serve as an alert system for the property sector, but significant progress is needed, particularly in securing cooperation from various agencies to provide data for both the public and private sectors.
Price index of vacant land dips in Q2
Kanana Katharangsiporn, Published on 26/07/2024
» The price index of vacant land in Greater Bangkok declined in the second quarter of this year compared to the first quarter, primarily due to the slow economic recovery and a downturn in the residential market.
Chon Buri market still offering potential
Business, Kanana Katharangsiporn, Published on 18/07/2024
» The residential market in Chon Buri still has growth potential but caution is needed due to the oversupply of condos and townhouse sales declining for five consecutive quarters.