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Scope poised to roll out B3bn condo project in Sukhumvit

Kanana Katharangsiporn, Published on 24/01/2024

» Luxury developer Scope Co plans to launch a new condo project, Scope Thonglor, worth 3 billion baht with only 18 units, each occupying an entire floor and priced from 200 million baht, aiming to achieve 1.65 billion baht in sales during the launch period.

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PROPERTY

DAD eyes state construction projects

Business, Kanana Katharangsiporn, Published on 23/01/2024

» Dhanarak Asset Development (DAD) Co, a state enterprise under the Ministry of Finance, is diversifying to become a one-stop service provider for the construction of property for state agencies, with the aim of having at least two projects per year during the period 2024-27.

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PROPERTY

Noble continues to tap overseas markets

Business, Kanana Katharangsiporn, Published on 19/01/2024

» After achieving a record high in overseas sales last year, SET-listed developer Noble Development will continue introducing ready-to-move-in condos priced below 5 million baht in locations familiar to foreigners to tap overseas markets this year.

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PROPERTY

Land & Houses aiming to launch 11 projects

Kanana Katharangsiporn, Published on 17/01/2024

» SET-listed Land & Houses plans to launch 11 new residential projects worth a combined 30.2 billion baht, all of which are low-rise houses with most in the upper-end segment as condo supply remains plentiful.

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PROPERTY

Bangkok condo prices rise amid year-long surge

Business, Kanana Katharangsiporn, Published on 16/01/2024

» Condo prices in Bangkok have continued to rise, with lower Sukhumvit experiencing the highest increase, while those in neighbouring provinces dropped, primarily due to the large number of remaining unsold units.

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PROPERTY

Low-rise segment dominates Rayong

Kanana Katharangsiporn, Published on 10/01/2024

» The residential market in Rayong was driven by employees in industrial estates, with strong demand in the low-rise housing segment, while the condo sector struggled to meet demand.

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PROPERTY

Chon Buri real estate set to surge in 2024

Kanana Katharangsiporn, Published on 09/01/2024

» The residential market in Chon Buri is expected to sustain its growth throughout 2024, propelled by foreign interest in condos, despite the large quantity of new supply.

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PROPERTY

UHG expects 10% revenue hike this year

Business, Kanana Katharangsiporn, Published on 05/01/2024

» Commercial property developer UHG expects revenue growth of 10% to 2.2 billion baht in 2024, with Chinese tourist arrivals potentially returning in the third quarter of the year.

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PROPERTY

Government urged to allay concerns over rate hikes

Kanana Katharangsiporn, Published on 04/01/2024

» As interest rates steady, the government should announce there will be no new rate hikes to bolster homebuyers' confidence amid an uneven economic recovery, says a property researcher.

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PROPERTY

Developers should be wary of low-cost condo segment

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

» Developers should exercise caution when launching new condos and townhouses priced less than 2 million baht in Greater Bangkok as a substantial inventory of unsold units might result in increased competition, potentially leading to discounted prices.