Showing 1 - 10 of 12
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.
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.
Narongdej family fully backs Raimon Land's capital increase
Business, Nareerat Wiriyapong, Published on 04/09/2024
» The Narongdej family is fully committed to Raimon Land's (RML) ongoing capital increase, says the company's chairman, noting that the completed and ongoing projects of the listed luxury property developer would generate more than 30 billion baht in revenue over the next 1-3 years.
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.
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.
Foreign condo sales top pre-Covid level
Bloomberg News and Post Reporters, Published on 04/04/2024
» Chinese and Russians topped the list of foreign buyers of condominiums in Thailand last year, with visa waivers and geopolitical conflict driving demand above pre-Covid levels, according to the Real Estate Information Center (REIC).
Overwhelmed by success
Molpasorn Shoowong, Narumon Kasemsuk and Kanana Katharangsiporn, Published on 11/03/2024
» Phuket has been in the limelight the past six months after the government announced a plan to elevate Thailand to an aviation hub, with Phuket the key gateway in the South.
Hong Kong home sales sink to 33-year low
South China Morning Post, Published on 03/01/2024
» Property transactions in Hong Kong descended to the lowest level in 33 years in 2023 as sentiment among potential homebuyers was submerged under a deluge of poor economic news and high interest rates, although December's sales figures showed some rebound.
Major Chinese developer avoids default
AFP and Bloomberg, Published on 02/09/2023
» BEIJING: The Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment, narrowly avoiding a potential default.