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BUSINESS

Grande Asset clips 2020 hotel revenue

Business, Kanana Katharangsiporn, Published on 18/02/2020

» As the Covid-19 virus outbreak hits the tourism sector, SET-listed Grande Asset Hotels & Property Plc expects hotel revenue to deflate this year, while MBK Plc is set to revise its outlook.

BUSINESS

Chewathai expects condo glut from Chinese exodus

Business, Kanana Katharangsiporn, Published on 19/02/2020

» Competition in the condo market will escalate as a large supply booked by Chinese buyers will return to the market, says MAI-listed developer Chewathai Plc.

BUSINESS

Ananda pares down launches for 2020

Business, Kanana Katharangsiporn, Published on 20/02/2020

» SET-listed developer Ananda Development plans to launch one project this year to focus on draining its 2,700 completed but unsold condo units worth 18 billion baht.

BUSINESS

Calls for longer condo transfers for Chinese

Business, Kanana Katharangsiporn, Published on 21/02/2020

» Condo developers should extend the transfer period for Chinese buyers to avoid amplifying the glut, according to property brokerage Angel Real Estate Consultancy Co.

BUSINESS

Pruksa strategises for weak market

Business, Kanana Katharangsiporn, Published on 22/02/2020

» Despite the property market slowdown, SET-listed developer Pruksa Holding (PSH) has pledged to retain its 10% market share with 40 billion baht in revenue projected for 2020.

BUSINESS

Clarity on taxed assets advised

Business, Kanana Katharangsiporn, Published on 25/02/2020

» The new land and building tax should have clear definitions for assets, be easy to use and convenient to pay, a legal expert suggests.

BUSINESS

Property market growth forecast cut

Business, Kanana Katharangsiporn, Published on 26/02/2020

» Residential property market growth this year has been cut to 3-5% from 5-7% following lowered GDP growth forecasts of 1.5-2.5% amid the spread of the recent coronavirus outbreak, says the Real Estate Information Center (REIC).

BUSINESS

SC turns to hotels and the US as new condos wallow

Business, Kanana Katharangsiporn, Published on 27/02/2020

» SET-listed developer SC Asset Corporation is diversifying into hotels in Thailand and apartments in the US while eyeing the low-rise segment but freezing new condo launches.

BUSINESS

AP turns to low-rise houses

Business, Kanana Katharangsiporn, Published on 28/02/2020

» SET-listed housing developer AP Thailand plans for low-rise houses to drive sales this year, preparing to launch 32 new projects worth a combined 47.2 billion baht and aiming for 33.5 billion in presales.

BUSINESS

AWC cuts rents as visitor numbers plummet

Kanana Katharangsiporn, Published on 28/02/2020

» SET-listed Asset World Corp Plc (AWC) has cut rental rates at Asiatique, where the number of visitors dropped.