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BUSINESS

Fulcrum pivots away from hotels

Business, Kanana Katharangsiporn, Published on 08/10/2020

» Fulcrum Ventures, a joint venture property firm comprised of a Thai investor and Singaporean investment group, is focused on low-rise housing projects in Bangkok as it freezes a new hotel development in Phuket because of the pandemic.

BUSINESS

BTS executive: Transport infrastructure key

Business, Kanana Katharangsiporn, Published on 09/10/2020

» Thailand is being urged to accelerate construction of infrastructure projects while the pandemic stunts other economic drivers to attract foreign investors once the pandemic ends.

BUSINESS

Bangkok Bank warns of glut in low-rise housing

Business, Kanana Katharangsiporn, Published on 12/10/2020

» Bangkok Bank has warned of a possible oversupply in the low-rise housing market in Greater Bangkok as many developers flee the sluggish condo sector for the segment.

BUSINESS

Colliers predicts fall in 2020 office rents

Business, Kanana Katharangsiporn, Published on 13/10/2020

» Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy.

BUSINESS

Ratanakorn looks to diversify

Business, Kanana Katharangsiporn, Published on 14/10/2020

» Ratanakorn Asset Co saw the warning signs of a Pattaya property glut, diversifying to help the Chon Buri-based developer survive the pandemic.

BUSINESS

UHG makes proactive downturn moves

Business, Kanana Katharangsiporn, Published on 15/10/2020

» Low debt, mixed-use properties and speedy adjustments have helped commercial developer UHG survive the crisis, allowing it to acquire a serviced apartment on Soi Sala Daeng.

BUSINESS

Cash-strapped developers urge tax waiver

Business, Kanana Katharangsiporn, Published on 16/10/2020

» The government is being urged to waive the special business tax for property transactions between cash-strapped developers and new investors to avoid possible non-performing loans (NPLs) as the fallout from Covid-19 hits the economy and property market.

BUSINESS

Singha, Hongkong Land both upbeat

Business, Kanana Katharangsiporn, Published on 20/10/2020

» Hong Kong-based investment group Hongkong Land and SET-listed developer Singha Estate remain confident in the Thai property market over the long run.

BUSINESS

Frasers focuses on stable 2021 revenue

Business, Kanana Katharangsiporn, Published on 21/10/2020

» Due to the sluggish economy and property sector, SET-listed Frasers Property Thailand (FPT), owned by the Sirivadhanabhakdi family, is aiming to maintain 2021 revenue of 20 billion baht, focusing on residential, industrial and office development.

BUSINESS

Charn Issara turns to rich families and investment

Business, Kanana Katharangsiporn, Published on 22/10/2020

» SET-listed developer Charn Issara Development Plc (CI) plans to introduce big lots to wealthy families and investment buyers, as well as offering discounts and campaigns to boost sales in the fourth quarter.