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PROPERTY

Chewathai preps B600m for land, 4 new projects

Business, Kanana Katharangsiporn, Published on 16/02/2024

» MAI-listed developer Chewathai is preparing 600 million baht to acquire new land plots and launch four residential projects worth a combined 3.7 billion baht, aiming for a 5% increase in revenue to reach 2 billion baht this year.

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PROPERTY

Surge in new office supply to prompt rejig

Business, Kanana Katharangsiporn, Published on 15/02/2024

» As around 1.4 million square metres of new office space is slated for completion between 2024 and 2026, landlords of existing office space should renovate or add new amenities to retain their existing tenants as new office towers will seek to attract both new clients and tenants of existing properties looking to relocate.

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PROPERTY

Nippon Steel Kowa Real Estate to invest in 2 residential projects

Kanana Katharangsiporn, Published on 14/02/2024

» Japanese developer Nippon Steel Kowa Real Estate Co (NSKRE) is planning to invest 600-800 million baht per year in the Thai property market via two residential projects in the affordable price segment through a joint venture with MAI-listed developer Chewathai.

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PROPERTY

Tighter lending rules hinder condo market

Business, Kanana Katharangsiporn, Published on 13/02/2024

» The industrial and hotel sectors will continue to grow, unlike the condo market which will remain sluggish due to stricter rules for mortgage lending by banks, according to property consultant Knight Frank Thailand.

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PROPERTY

SC Asset sees tough residential market

Business, Kanana Katharangsiporn, Published on 09/02/2024

» SET-listed SC Asset Corporation plans to focus on recurring income properties, allocating an annual investment budget for non-residential projects of 15% of the total budget over five years, up from 10%.

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PROPERTY

AssetWise aims for 8% rise in presales this year

Kanana Katharangsiporn, Published on 09/02/2024

» SET-listed developer AssetWise plans to launch 12 new residential projects worth a combined 25.9 billion baht in Bangkok, eastern provinces and Phuket, aiming to achieve 17.8 billion baht in presales by year-end, representing an 8% increase.

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PROPERTY

Myanmar buyers look beyond Bangkok

Kanana Katharangsiporn, Published on 08/02/2024

» Property buyers from Myanmar shopping in Thailand are seeking residential units in Phuket and Chiang Mai, attracting a developer from the nation to invest in a single detached house project in Chiang Mai province.

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PROPERTY

Standard preps Hua Hin, Phuket projects

Business, Kanana Katharangsiporn, Published on 07/02/2024

» Hospitality firm Standard International is planning to launch two projects of The Standard Residences in Phuket and Hua Hin in the second quarter, with combined sales of 8.5 billion baht, aiming to achieve a 60% target in presales.

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GENERAL

SF invests B200m in bid to spur spending

Business, Kanana Katharangsiporn, Published on 06/02/2024

» Megabangna shopping mall has set aside a 200-million-baht marketing budget to increase customer traffic and spending per bill by 10-15%.

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PROPERTY

First phase of Laguna Lakelands unveiled

Kanana Katharangsiporn, Published on 05/02/2024

» Hospitality firm Banyan Group has launched the first phase of Laguna Lakelands, a 700-rai project worth US$2 billion.