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PROPERTY

Raimon preps trio of deluxe projects

Business, Kanana Katharangsiporn, Published on 05/04/2024

» SET-listed developer Raimon Land plans to launch three new luxury low-rise housing projects worth a combined 16 billion baht, while selling the One City Centre office building to generate revenue more quickly, aiming to turn a profit next year.

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PROPERTY

Prospect allocates B22bn for expansion

Business, Kanana Katharangsiporn, Published on 03/04/2024

» Factory and warehouse developer Prospect Development Co will invest 22 billion baht between 2024 and 2028 to add new space covering 1.25 million square metres in total, with the aim of capitalising on growing demand in the market.

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PROPERTY

Bangkok office blocks told to upgrade 'to survive'

Business, Kanana Katharangsiporn, Published on 02/04/2024

» Older office buildings in Bangkok should accelerate their upgrades as existing tenants are relocating to new prime towers, widening the gap in rents, says property consultant Jones Lang LaSalle (Thailand) (JLL).

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PROPERTY

Eastern developers ease supply

Kanana Katharangsiporn, Published on 01/04/2024

» The ability of local developers to adapt improved absorption rates across most housing categories in three eastern provinces, as they slowed launches amid unfavourable conditions.

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PROPERTY

New residential sales fell 22.5% in 2023

Business, Kanana Katharangsiporn, Published on 29/03/2024

» New residential units sold in Greater Bangkok in the fourth quarter of 2023 declined by 14.5% year-on-year, resulting in a 22.5% decrease for the full year, according to the Real Estate Information Center (REIC).

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PROPERTY

Supalai, Huawei join forces on solar rooftops

Kanana Katharangsiporn, Published on 28/03/2024

» As the cost of solar rooftop installation has decreased, SET-listed developer Supalai expects to install 15,000 solar rooftops at its projects nationwide by 2028 through a partnership with Huawei to incorporate digital technology.

GENERAL

Syntec sets record for new projects

Business, Kanana Katharangsiporn, Published on 27/03/2024

» Contractor Syntec Construction Plc secured a record high 21 new projects worth a combined 12.8 billion baht last year, benefiting from the recovering condo sector and less intense competition post-pandemic.

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PROPERTY

Developers project 10% residential gain

Business, Kanana Katharangsiporn, Published on 22/03/2024

» The residential market this year is expected to grow by 10%, even though eased loan-to-value (LTV) limits were not approved, and interest rates might not decrease soon, according to property developers.

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PROPERTY

TCC Assets preps B113bn One Bangkok

Business, Kanana Katharangsiporn, Published on 21/03/2024

» TCC Assets (Thailand), a property arm owned by the Sirivadhanabhakdi family, is transforming Rama IV Road with the launch of the 113-billion-baht One Bangkok mixed-use project, following its investment of nearly 39 billion baht in developing six projects along the same road.

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PROPERTY

The Aspen Tree collaboration eyes retirees

Business, Kanana Katharangsiporn, Published on 19/03/2024

» The Aspen Tree, a residential project for the over-50s and part of large-scale mixed-use development The Forestias, is collaborating with Happiness Science Hub by the Research and Innovation for Sustainability Center (RISC) and Canadian geriatric experts Baycrest to prevent brain deterioration in seniors, targeting affluent Thai and overseas buyers planning for retirement.