Showing 1 - 10 of 10
New hotel law raises safety concerns
Business, Narumon Kasemsuk, Published on 02/06/2025
» The Thai Hotels Association (THA) has raised the alarm for property owners over a new draft law for hotels, warning it could infringe on the rights of residents and compromise tourist safety, which is already a blemish for Thailand.
Ins and outs of daily condo rentals
Kanana Katharangsiporn, Published on 22/03/2025
» The illegal rental of condo units on a daily basis has sparked serious concerns among residents and co-owners over safety, irresponsible behaviour, and noise disturbances caused by short-term guests.
Lan Kwai Fong joins Phuket deal
Business, Molpasorn Shoowong, Published on 12/03/2025
» Robust long-stay demand in Phuket has attracted Hong Kong's Lan Kwai Fong Group to invest in a project worth 4.5 billion baht via joint ventures with a local developer, while a legal consultant suggested Thailand amend the hotel laws to permit the renting out of condo units on a daily basis.
Hostels demand new regulations for sector amid slump
Molpasorn Shoowong, Published on 20/11/2024
» Hostel operators are calling for a new accommodation regulation dedicated to them, as the Hotel Act is not feasible for small-scale businesses with a low budget, according to the Hostel Thailand Association.
Entertainment complex entices Proud Group
Kanana Katharangsiporn, Published on 04/11/2024
» Property developer Proud Group is interested in entertainment complexes via partnerships with investors who obtain licences and want to include a theme or water park as a feature of their projects.
Sansiri sells Standard shares to Hyatt
Nuntawun Polkuamdee, Published on 21/08/2024
» Shares of Sansiri Plc (SIRI) rose by nearly 5% on Wednesday after Thailand’s leading property developer announced an agreement to sell shares of the US-based lifestyle hotel Standard International to the Hyatt group for US$355 million.
Travellers push up demand for rental residences
Business, Molpasorn Shoowong, Published on 05/03/2024
» Thailand can expect stronger demand for rental residences, especially from foreign expatriates or young workers who may not be able to afford to purchase a home, according to rental residence developer Homa.
Ashton Asoke condo move raises eyebrows
Business, Kanana Katharangsiporn, Published on 02/08/2023
» The Supreme Administrative Court's ruling last Thursday, which revoked the receipt of notification of intention for construction or modification of the building granted to the already-finished-and-transferred 50-storey Ashton Asoke condo project, caused a stir among the public, leaving people curious about the case and its potential outcome.
RX Wellness investing US$20m to transform Colorado castle
Business, Kanana Katharangsiporn, Published on 14/03/2023
» RX Wellness, a subsidiary of SET-listed developer M.K. Real Estate Development Plc, will invest US$20 million to renovate the historic 121-year-old Redstone Castle in Colorado as its fourth wellness centre, and is eyeing Tuscany as its next destination.
Raimon Land aims to retain its reign
Business, Kanana Katharangsiporn, Published on 29/11/2022
» SET-listed developer Raimon Land plans to focus on luxury and super-luxury property development and new economy businesses, with a goal to open One City Centre, a new grade A office building in Phloenchit, in the first half of 2023.