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PROPERTY

Central Pattana profit up 28% to B4.15bn in Q1

Business, Published on 15/05/2024

» Central Pattana Plc (CPN) reported total earnings of 12.2 billion baht in the first quarter of this year, up 19% year-on-year.

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PROPERTY

Foreigners lead the way in condo market

Business, Kanana Katharangsiporn, Published on 14/05/2024

» Foreign buyers dominated the condo market in the first quarter of 2024, with new launches focused on major tourist destinations, amounting to a combined investment value of more than 56.6 billion baht.

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PROPERTY

Supalai suggests interest rate cut to stimulate more growth

Business, Kanana Katharangsiporn, Published on 10/05/2024

» The residential market has improved following the implementation of property measures last month, but interest rates should be cut to further stimulate growth, especially in the lower-income segment, according to SET-listed developer Supalai.

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PROPERTY

Major Chinese city scraps housing curbs as easing gains pace

Bloomberg News, Published on 09/05/2024

» HANGZHOU- Hangzhou, a major city in eastern China, removed all of its remaining homebuying curbs in the latest example of a local government pursuing aggressive easing to end the property crisis.

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PROPERTY

Measures help boost AP's townhouse sales

Business, Kanana Katharangsiporn, Published on 09/05/2024

» The property measures that commenced last month helped boost townhouse sales in April, while a possible rise in the daily minimum wage needs to be weighed against a drop in the price of construction materials, according to SET-listed developer AP Thailand.

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PROPERTY

Caution urged for Pattaya developers amid fears of a glut

Business, Kanana Katharangsiporn, Published on 07/05/2024

» Despite strong sales last year, Pattaya developers need to exercise caution before launching new condos to avoid an oversupply, as new launches in the market are projected to grow 50% to 5,000 units in 2024, according to property consultant Colliers Thailand.

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PROPERTY

Struggling to recover

Kanana Katharangsiporn, Published on 06/05/2024

» With an unfavourable economy and expiration of discounts for the land and building tax this year, property developers are thinking twice about acquiring new land plots, shifting instead to draining inventory.

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PROPERTY

Singapore home price rises slow, rents fall

Bloomberg News, Published on 26/04/2024

» SINGAPORE - Home prices in Singapore grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.

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PROPERTY

Office demand turns negative in 1st quarter

Business, Kanana Katharangsiporn, Published on 25/04/2024

» The office market recorded negative absorption in the first quarter of 2024, ending a consecutive seven-quarter rise from mid-2022, as demand shifted from non-green to green spaces and downsized offices, according to property consultant Knight Frank Thailand.

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PROPERTY

Plus Property sets ambitious 2024 revenue goal

Post Reporters, Published on 24/04/2024

» Plus Property Co Ltd (PLUS) is reinforcing its leadership in comprehensive professional property and facility management, aiming to expand its business while maintaining its top position in quality. Over the past year, PLUS successfully managed approximately 400 real estate projects nationwide, covering more than 20 million square metres of area under management.