Showing 1 - 10 of 28
Mandarin Oriental overhaul underway
Business, Kuakul Mornkum and Somhatai Mosika, Published on 02/05/2025
» Mandarin Oriental Hotel Group is investing roughly US$100 million to renovate the Mandarin Oriental, Bangkok, with plans to complete the project by the fourth quarter of this year.
Centara opens 2 new Maldives hotels
Business, Molpasorn Shoowong, Published on 19/02/2025
» As the Maldives shifts to a family-friendly destination, Centara Hotels & Resorts (CHR) has launched two new hotels catering to this rising segment, investing more than US$200 million.
Mass transit propels Bangkok vacant land prices
Business, Kanana Katharangsiporn, Published on 22/11/2024
» Mass transit has lifted the price index of vacant land in Greater Bangkok, signalling a recovery in the property market, with further price increases anticipated in 2025, according to the Real Estate Information Center (REIC).
Eastern Economic Corridor demand driving growth in industrial land market
Business, Kanana Katharangsiporn, Published on 22/10/2024
» The serviced industrial land market in the first half of 2024 experienced growth across the board, with increases in new supply, land sales, sales rates and asking prices, primarily driven by demand in the Eastern Economic Corridor (EEC).
Thailand plans $1.7bn of soft loans for property sector
Reuters and Wichit Chantanusornsiri, Published on 17/10/2024
» The government is planning to offer 55 billion baht (US$1.66 billion) of soft loans to support the property sector and help boost the economy, a deputy finance minister said on Thursday.
Foreign demand spurs luxury condo launches
Business, Kanana Katharangsiporn, Published on 15/10/2024
» At least four new condo projects in the luxury and super-luxury segments are set to launch in inner-city Bangkok locations between next month and mid-2025, driven by a limited supply this year and strong demand from foreign buyers.
PM allays foreign quota fears
Onnucha Hutasingh and Wassana Nanuam, Published on 23/06/2024
» Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75% and extend land lease terms for foreigners to 99 years from 30-50 years, saying these measures will help stimulate the economy.
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.
Cabinet endorses property stimulus
Business, Phusadee Arunmas and Kanana Katharangsiporn, Published on 10/04/2024
» The cabinet on Tuesday approved fresh property measures, including new cuts of the transfer fee and raising the limit for home and condo prices eligible for the transfer and mortgage registration fee benefits to 7 million baht, up from the current level of less than 3 million.
Property perks ‘could lift GDP growth to 4%’
Reuters and Bloomberg, Published on 09/04/2024
» The economy could grow by slightly more than 4% this year, driven by measures to boost the property sector approved on Tuesday, the Ministry of Finance said, as the government attempts to revive economic activity.