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BUSINESS

Condominium market picked to slow in 2019

Business, Kanana Katharangsiporn, Published on 08/11/2018

» The residential market in 2019 will slow down, with new condominiums in middle- to lower-end segments expected to delay launches if the Bank of Thailand's new requirements on loan-to-value (LTV) limits, scheduled to be announced tomorrow, are unchanged, says an industry chief.

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BUSINESS

Furore over LTV rules continues

Business, Kanana Katharangsiporn, Published on 22/10/2018

» The Bank of Thailand's new requirements meant to improve mortgage lending quality and curb rampant search-for-yield behaviour in the residential market remain a subject of debate among developers, notably in Greater Bangkok, where mass transit development has ignited the property market's expansion.

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BUSINESS

Developers catering to elderly as society ages

Business, Kanana Katharangsiporn, Published on 08/09/2017

» Investors are on the march to cash in on the country's ageing demographic, with two new retirement home projects worth a combined 10 billion baht to be launched in the fourth quarter.

BUSINESS

CGD wrapping up Srinakarin site sales

Business, Kanana Katharangsiporn, Published on 09/03/2017

» SET-listed developer Country Group Development Plc (CGD) expects to fetch 2.5 billion baht worth of sales this year, 500 million baht of which will come from outstanding units of low-rise condo Elements Srinakarin.

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BUSINESS

Salan offers cheaper condo near St. John's

Business, Kanana Katharangsiporn, Published on 28/02/2017

» Salan Development Co, a property arm of the St. John's group of schools, plans to launch a lower-priced condo project worth 1.2 billion baht on Phahon Yothin Soi 23.

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BUSINESS

Developers: Blacklist too long

Business, Kanana Katharangsiporn, Published on 07/10/2016

» Property developers will ask the Bank of Thailand to reduce the blacklist period for credit card holders from the usual three years to one year, with the aim to enable homebuyers to get better access to mortgages.

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BUSINESS

TCC plans more real estate investment

Business, Kanana Katharangsiporn, Published on 09/08/2016

» TCC Group, owned by liquor tycoon Charoen Sirivadhanabhakdi, is committed to continued investment in commercial properties such as hotels and retail outlets as confidence rises in Thailand's political situation.

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BUSINESS

Raimon Land sets its sights on Chiang Mai

Business, Kanana Katharangsiporn, Published on 11/05/2016

» SET-listed developer Raimon Land Plc (RML) is looking to invest in Chiang Mai to capitalise on the existing base of foreign customers and affluent local buyers.

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BUSINESS

BoT warns over ebbing demand in South

Business, Kanana Katharangsiporn, Published on 02/05/2016

» With an unfavourable economy and the property market slowing, developers in southern Thailand must work harder to understand demand, develop better quality products and manage risks prudently, says a senior Bank of Thailand official.

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BUSINESS

Pace moves to strike balance in businesses

Business, Kanana Katharangsiporn, Published on 07/09/2015

» SET-listed developer Pace Development Corporation Plc aims to give equal weight to its property and retail business development from 2016 in a move to strike a balance between the two segments.