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BUSINESS

Property developer shrugs off at-home rise

Business, Kanana Katharangsiporn, Published on 09/06/2020

» The economic downturn has been a larger factor than the trend of working from home in causing a fall in office demand as the new behaviour does not fit with Thai culture, says property developer Golden Land Property Development.

BUSINESS

Equity funds hunt for projects

Business, Kanana Katharangsiporn, Published on 08/06/2020

» Thai and overseas private equity funds are looking for property projects whose developers are financially strapped, keen to take over with a target yield of 5% annually for at least seven years, according to property consultancy Phoenix 1010 Holding Co.

BUSINESS

Tourism, FDI to revive EEC property view

Business, Kanana Katharangsiporn, Published on 05/06/2020

» The Eastern Economic Corridor (EEC), the government's flagship infrastructure project, and a tourism recovery following the pandemic will be the key factors for the property market in the three eastern provinces, according to developers.

BUSINESS

Pruksa takes bold steps

Business, Kanana Katharangsiporn, Published on 04/06/2020

» Facing its worst revenue contraction on record, SET-listed developer Pruksa Holding Plc is taking unprecedented measures to weather the Covid-19 crisis by selling land banks, suspending new investments and managing cash flow in anticipation the market will shrink 30% this year.

BUSINESS

MRT extension boosts prices

Business, Kanana Katharangsiporn, Published on 03/06/2020

» The opening of the MRT Blue Line extension from Hua Lamphong to the Thon Buri area in last year's fourth quarter boosted residential prices in the first quarter of 2020, with Wat Mangkon station posting the highest increase in four years.

BUSINESS

Posh low-rise market eyes recovery

Business, Kanana Katharangsiporn, Published on 02/06/2020

» The luxury low-rise housing market remains robust, with signs of recovery popping up last month after a drop from March to April, as the segment has real demand and was less affected by the outbreak, says the head of a consultancy.

BUSINESS

Sansiri may raise low-rise presales target

Business, Kanana Katharangsiporn, Published on 29/05/2020

» SET-listed developer Sansiri may again revise its presales target upwards for low-rise houses, as it expects aggressive sales promotions and hygienic home features to encourage new bookings.

BUSINESS

Developers urged to shift to more affordable housing

Business, Kanana Katharangsiporn, Published on 28/05/2020

» Residential developers need to build housing units that are more affordable for the majority of homebuyers as their budget is smaller during the economic downturn, says SET-listed Sena Development Plc.

BUSINESS

CNT looks to public sector

Business, Kanana Katharangsiporn, Published on 27/05/2020

» As the coronavirus outbreak hits the economy and private sector, government jobs will remain the only hope for construction business, says SET-listed contractor Christiani & Nielsen Thai Plc (CNT).

BUSINESS

Raimon Land cuts revenue target, postpones projects

Business, Kanana Katharangsiporn, Published on 27/05/2020

» SET-listed developer Raimon Land Plc has revised down its 2020 revenue target by 25-35%, postponed the opening of Hotel Kitch from June to the end of the year and delayed the launch of a new condo project until 2021.