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PROPERTY

Richmont's, JLL tout UK opportunities

Kanana Katharangsiporn, Published on 19/09/2024

» Property consultants Richmont's Thailand and Jones Lang LaSalle (JLL) have introduced London properties priced from 15 million baht to attract Thai investors amid a quiet Bangkok condo market.

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PROPERTY

Office space slips as tenants upgrade

Business, Kanana Katharangsiporn, Published on 18/09/2024

» The occupancy rate of Grade B office space in Bangkok continues to decline, reaching a market low of 75% as tenants relocate to higher quality Grade A spaces equipped with better facilities in similar locations.

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PROPERTY

Mortgage rejection rate hits condo launches

Business, Kanana Katharangsiporn, Published on 17/09/2024

» The high mortgage loan rejection rate in the first quarter of 2024 caused condo developers to put the brakes on new launches in Greater Bangkok in the second quarter, likely leading to a new low in launches by the end of the year.

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PROPERTY

Phuket villa launches smash records

Business, Kanana Katharangsiporn, Published on 04/09/2024

» New villa supply launched in Phuket in the first half of 2024 surpassed total launches for the whole of 2023, with the value exceeding that of condos for the first time in 15 years, largely driven by strong demand from Russians.

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PROPERTY

Supalai invests B12.6bn in Australian cities

Kanana Katharangsiporn, Published on 03/09/2024

» SET-listed developer Supalai will earmark 12.6 billion baht for acquiring and developing 12 residential projects in five Australian cities, following a decade in which it invested 9.7 billion baht in 12 projects across four cities.

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GENERAL

Sena joins Japanese firm for local venture

Business, Kanana Katharangsiporn, Published on 31/08/2024

» Japanese real estate firm Hankyu Hanshin Properties Corp has set up a joint venture firm with SET-listed Sena Development for future residential developments, following a seven-year partnership involving 66 projects worth a total of 83 billion baht.

PROPERTY

Confidence still low among homebuyers

Business, Kanana Katharangsiporn, Published on 30/08/2024

» The housing purchase confidence index (HPCI) in Greater Bangkok improved slightly in the second quarter from the first quarter, thanks to property measures, but remained low because of persistent negative factors.

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PROPERTY

Tower has a taste of Porsche

Business, Kanana Katharangsiporn, Published on 28/08/2024

» SET-listed developer Ananda Development has partnered with Porsche Lifestyle Group to launch Porsche Design Tower Bangkok, with prices starting from 1 million baht per square metre.

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PROPERTY

The Nest, partner lay out plans

Business, Kanana Katharangsiporn, Published on 27/08/2024

» The Nest Property, a residential developer owned by the Mahagitsiri family, is continuing its joint ventures in high-priced low-rise houses with Japanese real estate firm Kanden Realty & Development due to strong demand.

GENERAL

Teka changes tack as condos dwindle

Business, Kanana Katharangsiporn, Published on 23/08/2024

» SET-listed contractor Teka Construction has shifted its focus to international schools, hospitals and data centres to compensate for fewer condo projects as demand is dampened by high interest rates.