Showing 1 - 10 of 13
RML adds flagship One City Center property to REIT
Nareerat Wiriyapong, Published on 23/12/2024
» Raimon Land Plc (RML) plans to include its flagship One City Centre (OCC) property in central Bangkok, valued at 14.8 billion baht, in a real estate investment trust (REIT) as part of its strategy to enhance long-term financial stability.
AssetWise keen on projects in Pattaya
Kanana Katharangsiporn, Published on 16/12/2024
» SET-listed developer AssetWise plans to launch 1-2 projects annually in Pattaya, with a combined value of 2 billion baht, aiming to capitalise on strong demand from diverse buyer segments, particularly foreigners.
Foreigners drive Phuket condo segment
Business, Kanana Katharangsiporn, Published on 11/12/2024
» Strong demand from foreign buyers continues to draw Bangkok-based developers to Phuket's condo market as they seek diversification from weak local demand.
Delay of 2 months for land and building tax collection
Wichit Chantanusornsiri, Published on 02/12/2024
» The government has postponed the collection of the land and building tax by two months, with collection starting in June 2025. Tax payments can be made in three instalments.
SCOPE Langsuan boasts top rental rate
Business, Published on 27/11/2024
» SCOPE Langsuan, a super-luxury freehold condo on Lang Suan Road, has achieved the highest rental rate in Bangkok, reaching 2,500 baht per square metre per month, attributed to strong demand and the limited supply of properties in the area.
Property Perfect chops presales, revenue outlook
Kanana Katharangsiporn, Published on 27/11/2024
» SET-listed developer Property Perfect halved its 2024 presales target to 8.2 billion baht and cut its revenue projection by 20% to 8.8 billion baht, marking the second revision this year, as it plans to sell riverside hotel Royal Orchid Sheraton for 6 billion baht next year.
Sena pioneers condo ‘subscriptions’
Kanana Katharangsiporn, Published on 19/11/2024
» SET-listed Sena Development has introduced Thailand’s first subscription model for condominium units to capitalise on the preferences of the new generation, who prioritise affordability, flexibility and a trial run before committing to ownership.
Pruksa slashes targets amid slump
Kanana Katharangsiporn, Published on 18/11/2024
» SET-listed developer Pruksa Holding has reduced its goals for new project launches, presales and revenue for its residential development business to cope with a significant market contraction in the third quarter.
UHG bags Ekkamai plot for mid-tier hotel
Business, Kanana Katharangsiporn, Published on 12/11/2024
» Commercial property developer UHG continues its acquisition of prime plots of land, leasing a one-rai site on Soi Ekkamai currently occupied by an apartment complex in order to invest 600 million baht in the development of a mid-tier hotel, prompted by enforcement of the land and building tax.
Housing market unmoved by rate cut
Kanana Katharangsiporn, Published on 06/11/2024
» The recent 0.25-percentage-point cut in interest rates is unlikely to have an immediate effect on the housing market as the reduction is too modest to generate a significant impact, according to SET-listed developer Sena Development.