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Search Result for “business 2024”

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PROPERTY

UHG banking on new hotel rooms for 20% growth

Kanana Katharangsiporn, Published on 27/04/2026

» Despite a 10-20% decline in European tourist arrivals following the Middle East conflict, commercial property developer UHG is targeting 20% growth this year driven by the opening of a new hotel and the addition of rooms at an existing property.

PROPERTY

War set to boost condo demand in major markets

Business, Kanana Katharangsiporn, Published on 21/04/2026

» Condominiums and rental homes in key destinations, including Bangkok, Phuket, Pattaya, Samui and Chiang Mai, are likely to benefit from migration from countries affected by the Middle East conflict, according to property consultancy Colliers Thailand.

PROPERTY

Construction costs rise on tensions

Business, Kanana Katharangsiporn, Published on 21/04/2026

» Middle East tensions have pushed construction material prices to their highest level since the pandemic, increasing cost pressures on contractors, according to Kasikorn Research Center.

PROPERTY

Sansiri targets luxury niche services in competitive market

Kanana Katharangsiporn, Published on 15/04/2026

» SET-listed developer Sansiri is shifting its strategy towards niche services to compete in the luxury housing market, where some developers are offering discounts of more than 25% amid intense competition.

PROPERTY

Prospect sees e-commerce driving warehouse demand

Business, Kanana Katharangsiporn, Published on 09/04/2026

» Industrial estate developer Prospect Development expects greater diversification among global suppliers relocating to Thailand, alongside continued growth in e-commerce, to drive demand for ready-built factories and warehouse space.

PROPERTY

Construction, property shift tactics

Business, Kanana Katharangsiporn, Published on 07/04/2026

» The construction and property sectors are being forced to adjust strategies and build greater resilience to cope with volatile energy prices, as the Middle East conflict drives up both energy and construction material costs, according to Siam Commercial Bank Economic Intelligence Center (EIC).

PROPERTY

Centara, OR prep rollout of budget hotels

Business, Published on 02/04/2026

» Centara Hotels & Resorts plans to launch new budget hotels in partnership with PTT Oil and Retail Business Plc (OR) as early as next year.

PROPERTY

SC Asset revamps brand as strategy evolves

Business, Kanana Katharangsiporn, Published on 31/03/2026

» SC Asset Corporation Plc has embarked on a major rebranding to reflect a fundamental transformation in how it operates, grows and creates value amid an increasingly volatile global environment.

PROPERTY

L.P.N. to buy B2bn of land for Bangkok condo development

Business, Kanana Katharangsiporn, Published on 25/03/2026

» SET-listed L.P.N. Development plans to spend 1-2 billion baht on new land acquisitions for condo development after freezing purchases for more than two years to clear inventory and refocus on the upper-affordable segment.

PROPERTY

Sluggish demand pauses condo launches

Kanana Katharangsiporn, Published on 19/03/2026

» Despite declines in new launches and inventory in Bangkok, condo developers are likely to delay new supply this year as sales remain sluggish and absorption rates continue to fall, according to the Real Estate Information Center (REIC).