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PROPERTY

JV set to launch B1.7bn condo project

Business, Kanana Katharangsiporn, Published on 24/11/2023

» Issara United, a joint venture between SET-listed developer Charn Issara Development and Thai conglomerate Saha Group, will launch a new condo project in Hua Hin worth 1.7 billion baht to capitalise on the robust demand for vacation homes.

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PROPERTY

Sector steered by demographic trend

Kanana Katharangsiporn, Published on 23/11/2023

» The development of nursing homes has an estimated market value of up to 19.2 billion baht over the next decade, a significant sum thanks to a substantial gap between limited supply and a projection of high demand.

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PROPERTY

Experts see residential recovery next year

Kanana Katharangsiporn, Published on 22/11/2023

» The residential market won't recover until 2024 due to mortgage loan approval issues, particularly in the mass market which has been affected by higher interest rates, according to property experts.

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PROPERTY

Construction jobs to grow amid condo revival

Kanana Katharangsiporn, Published on 23/11/2023

» Construction jobs in the private sector are expected to rebound next year as the effects of the pandemic on the property sector, particularly the condo segment, are projected to end this year, according to SET-listed contractor Prebuilt Plc.

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PROPERTY

Bangkok condo market slows in Q3

Kanana Katharangsiporn, Published on 20/11/2023

» The Bangkok condo market slowed in the third quarter of 2023, plunging to its lowest point for supply and demand since the third quarter of 2021, mainly attributed to rising interest rates.

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PROPERTY

Interest rate increases hit demand for residential units

Business, Kanana Katharangsiporn, Published on 15/11/2023

» Interest rate hikes have affected demand in the lower-end segment for residential units, resulting in a consecutive decline in transfers in the third quarter of 2023.

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PROPERTY

Residential market records tepid growth

Kanana Katharangsiporn, Published on 13/11/2023

» The residential market this year will have lower than expected growth, primarily because of the relatively poor performance in the third quarter caused by numerous negative factors, notably higher interest rates, says Supalai.

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PROPERTY

AP keen on demand as it unveils condos

Business, Kanana Katharangsiporn, Published on 07/11/2023

» SET-listed developer AP Thailand plans to launch two new condo projects near Iconsiam and Victory Monument worth a combined 7.3 billion baht this month, aiming to secure its presales target of 13 billion baht by year-end.

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PROPERTY

Synphaet Phatthanakan seen spurring condo sales

Business, Kanana Katharangsiporn, Published on 09/11/2023

» SET-listed developer Property Perfect Plc sold a plot of land to Synphaet Hospital to develop a new hospital adjacent to the company's new condo project in the Phatthanakan area, which could help stimulate demand for its condos.

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PROPERTY

Park85 condo to set record

Kanana Katharangsiporn, Published on 06/11/2023

» The third generation of the founder of Bangkok Patana School plans to develop Park85 Residences, a low-rise condo project worth 2.4 billion baht on Sukhumvit Soi 85, with unit prices setting a record for low-rise condos.