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INVESTMENT

SC eyes B10bn revenue from new sectors

Kanana Katharangsiporn, Published on 25/09/2024

» SET-listed SC Asset Corporation will invest 20 billion baht between 2025 and 2029 in logistics, hotels and office rentals, aiming to generate a total revenue of 10 billion baht over the five-year period from these recurring income businesses.

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PROPERTY

Myanmar condo transfers see surge

Business, Kanana Katharangsiporn, Published on 24/09/2024

» Condo transfers to buyers from Myanmar in the first half of 2024 surpassed the total for 2023, which had set a record.

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GENERAL

Samyan Mitrtown to break even in three years

Business, Kanana Katharangsiporn, Published on 21/09/2024

» SET-listed Frasers Property Thailand is expecting the Samyan Mitrtown mixed-use project to break even within three more years, a shorter period than other commercial projects, but longer than initially anticipated because of the pandemic.

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PROPERTY

Richmont's, JLL tout UK opportunities

Kanana Katharangsiporn, Published on 19/09/2024

» Property consultants Richmont's Thailand and Jones Lang LaSalle (JLL) have introduced London properties priced from 15 million baht to attract Thai investors amid a quiet Bangkok condo market.

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PROPERTY

Office space slips as tenants upgrade

Business, Kanana Katharangsiporn, Published on 18/09/2024

» The occupancy rate of Grade B office space in Bangkok continues to decline, reaching a market low of 75% as tenants relocate to higher quality Grade A spaces equipped with better facilities in similar locations.

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PROPERTY

Mortgage rejection rate hits condo launches

Business, Kanana Katharangsiporn, Published on 17/09/2024

» The high mortgage loan rejection rate in the first quarter of 2024 caused condo developers to put the brakes on new launches in Greater Bangkok in the second quarter, likely leading to a new low in launches by the end of the year.

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PROPERTY

Phuket villa launches smash records

Business, Kanana Katharangsiporn, Published on 04/09/2024

» New villa supply launched in Phuket in the first half of 2024 surpassed total launches for the whole of 2023, with the value exceeding that of condos for the first time in 15 years, largely driven by strong demand from Russians.

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PROPERTY

Supalai invests B12.6bn in Australian cities

Kanana Katharangsiporn, Published on 03/09/2024

» SET-listed developer Supalai will earmark 12.6 billion baht for acquiring and developing 12 residential projects in five Australian cities, following a decade in which it invested 9.7 billion baht in 12 projects across four cities.

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GENERAL

Sena joins Japanese firm for local venture

Business, Kanana Katharangsiporn, Published on 31/08/2024

» Japanese real estate firm Hankyu Hanshin Properties Corp has set up a joint venture firm with SET-listed Sena Development for future residential developments, following a seven-year partnership involving 66 projects worth a total of 83 billion baht.

PROPERTY

Confidence still low among homebuyers

Business, Kanana Katharangsiporn, Published on 30/08/2024

» The housing purchase confidence index (HPCI) in Greater Bangkok improved slightly in the second quarter from the first quarter, thanks to property measures, but remained low because of persistent negative factors.