Showing 1 - 10 of 13
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.
Condo glut in Cha-am likely to persist
Business, Kanana Katharangsiporn, Published on 28/05/2024
» The condo market in Cha-am still faces a glut, with the inventory of unsold units expected to take 10 years to be absorbed, while the Hua Hin condo market remains robust, says property consultant Colliers Thailand.
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.
Bangkok governor responds to city plan criticism
News, Supoj Wancharoen, Published on 13/02/2024
» Bangkok governor Chadchart Sittipunt said on Monday that comprehensive city planning would not benefit financiers, adding that it can be revised after opposition from civil society networks.
JV set to launch B1.7bn condo project
Business, Kanana Katharangsiporn, Published on 24/11/2023
» Issara United, a joint venture between SET-listed developer Charn Issara Development and Thai conglomerate Saha Group, will launch a new condo project in Hua Hin worth 1.7 billion baht to capitalise on the robust demand for vacation homes.
Singapore’s $110,000-a-month mansion market slows down
Bloomberg News, Published on 31/10/2023
» Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.
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.
Ideas 1606 sets out ambitious beachfront sales goal
Business, Kanana Katharangsiporn, Published on 25/04/2023
» Ideas 1606, a holiday home developer under the Veyla brand, aims to sell six villas on Phangnga's Natai beach for 75 million baht each by the end of this year, with plans to launch a new project on a 100-rai plot of land on Phi Phi Island in 2024.
Cabinet okays third phase of budget housing scheme
Business, Phusadee Arunmas, Published on 22/02/2023
» The cabinet on Tuesday approved the third phase of a low-price housing scheme worth 20 billion baht, agreeing to 2.19 billion worth of compensation for low-rate mortgages for Government Housing (GH) Bank.
Hua Hin condo demand improves in H1
Business, Kanana Katharangsiporn, Published on 19/08/2022
» Condo demand in Hua Hin picked up in the first half, driven by Thai, Chinese and Russian buyers, while a large amount of supply remained unsold in Cha-am, according to property consultant Colliers Thailand.