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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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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.

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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

Bangkok land prices set for record

Business, Kanana Katharangsiporn, Published on 01/02/2024

» The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity.

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GENERAL

Hotel eyeing 80% occupancy

Business, Kanana Katharangsiporn, Published on 31/01/2024

» Courtyard by Marriott Bangkok Suvarnabhumi Airport, a new hotel owned by members of the Jiaravanont and Lamsam families, aims to achieve an 80% occupancy rate in its first year, given its strategic location that attracts a varied segment.

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PROPERTY

Lalin targets flat sales growth in year ahead

Business, Kanana Katharangsiporn, Published on 30/01/2024

» SET-listed housing developer Lalin Property is continuing with a cautious approach, with plans to launch 8-12 new projects worth a combined 7-8 billion baht while aiming for flat growth in terms of sales, considering the ongoing negative factors.

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PROPERTY

LH rejigs towards recurring income

Kanana Katharangsiporn, Published on 27/01/2024

» SET-listed developer Land & Houses has reshaped its investment portfolio, amplifying its focus on recurring income properties, particularly hotels in Thailand and the US, while reducing investments in residential development.

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GENERAL

HomePro allots B30bn for expansion drive

Business, Kanana Katharangsiporn, Published on 27/01/2024

» SET-listed Home Product Center, the operator of home decor and improvement store HomePro, plans to spend 30 billion baht from 2024-2028 to open 50 new branches and improve technology, aiming to achieve 100 billion baht in sales by 2028.