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BUSINESS

Singha turns to commercial acquisitions for revenue

Business, Kanana Katharangsiporn, Published on 18/12/2018

» SET-listed Singha Estate Plc (S), a property development arm under the Boon Rawd Brewery Group, will invest 17 billion baht to both develop and acquire four commercial projects during 2019-23 to boost revenue from recurring income to 50% from 30%.

BUSINESS

Command centre scoping Plus grounds

Business, Kanana Katharangsiporn, Published on 21/12/2018

» Property consultant Plus Property Co will link a 20-million-baht command centre with all residential projects developed by parent firm Sansiri Plc that are scheduled for completion starting next year.

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BUSINESS

Consumer complaints down

Business, Kanana Katharangsiporn, Published on 24/12/2018

» Despite a decrease in the number of overall complaints in the first 10 months of this year, property and residential businesses remain unimproved, with the majority of complaints concerning condos, says the Office of the Consumer Protection Board (OCPB).

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BUSINESS

Weak Q3 casts pall on 2019 condo view

Business, Kanana Katharangsiporn, Published on 12/11/2018

» New condo supply planned for the year to come is unlikely to increase, as launch prices show limited growth and sales rates proved disappointing in the third quarter, says property consultancy Edmund Tie & Co SEA.

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BUSINESS

Apex making B12bn splash in Krabi, Phuket

Business, Kanana Katharangsiporn, Published on 28/11/2018

» SET-listed Apex Development Plc will launch four new projects with hotel rooms and villas for sale in Krabi and Phuket worth a combined 12 billion baht in 2019 to capitalise on booming tourism in the two provinces.

BUSINESS

Origin to withhold middle-class condo offerings

Business, Kanana Katharangsiporn, Published on 27/11/2018

» SET-listed developer Origin Property Plc (ORI) will freeze launches of new condo projects for the middle class for at least two years, due to the new requirements on mortgage lending taking effect on April 1 deterring some buyers in this segment.

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BUSINESS

Kohler talks up smart mirrors, faucets

Business, Kanana Katharangsiporn, Published on 29/11/2018

» Kohler Co, an American sanitaryware and kitchenware producer, plans to introduce smart bathroom mirrors and kitchen faucets next year to boost its sales growth in Thailand to at least 10%.

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BUSINESS

Property market forecast to slow in 2019

Business, Kanana Katharangsiporn, Published on 01/12/2018

» The property market will slow next year amid negative factors such as new mortgage lending requirements, an uptrend in interest rates and the prolonged US-China trade war, according to developers and experts.

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BUSINESS

Developers advised to be alert in 2019

Business, Kanana Katharangsiporn, Published on 04/12/2018

» Residential developers should seek strategies to cope with the Bank of Thailand's new requirements on mortgages, be cautious of new supply and manage financial liquidity as the new lending rules and rising interest rates will hit demand next year.

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BUSINESS

New rules, new paradigm

Business, Kanana Katharangsiporn, Published on 03/12/2018

» Property developers are hastily preparing strategies to cope with the Bank of Thailand's new requirements on mortgage lending, as the measures will have an impact on some homebuyer segments next year.