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PROPERTY

AssetWise keen on projects in Pattaya

Kanana Katharangsiporn, Published on 16/12/2024

» SET-listed developer AssetWise plans to launch 1-2 projects annually in Pattaya, with a combined value of 2 billion baht, aiming to capitalise on strong demand from diverse buyer segments, particularly foreigners.

PROPERTY

Foreigners drive Phuket condo segment

Business, Kanana Katharangsiporn, Published on 11/12/2024

» Strong demand from foreign buyers continues to draw Bangkok-based developers to Phuket's condo market as they seek diversification from weak local demand.

PROPERTY

Property Perfect chops presales, revenue outlook

Kanana Katharangsiporn, Published on 27/11/2024

» SET-listed developer Property Perfect halved its 2024 presales target to 8.2 billion baht and cut its revenue projection by 20% to 8.8 billion baht, marking the second revision this year, as it plans to sell riverside hotel Royal Orchid Sheraton for 6 billion baht next year.

PROPERTY

Sena pioneers condo ‘subscriptions’

Kanana Katharangsiporn, Published on 19/11/2024

» SET-listed Sena Development has introduced Thailand’s first subscription model for condominium units to capitalise on the preferences of the new generation, who prioritise affordability, flexibility and a trial run before committing to ownership.

PROPERTY

Pruksa slashes targets amid slump

Kanana Katharangsiporn, Published on 18/11/2024

» SET-listed developer Pruksa Holding has reduced its goals for new project launches, presales and revenue for its residential development business to cope with a significant market contraction in the third quarter.

PROPERTY

Housing market unmoved by rate cut

Kanana Katharangsiporn, Published on 06/11/2024

» The recent 0.25-percentage-point cut in interest rates is unlikely to have an immediate effect on the housing market as the reduction is too modest to generate a significant impact, according to SET-listed developer Sena Development.

PROPERTY

Phuket posts over 10% rental yield

Kanana Katharangsiporn, Published on 30/10/2024

» The rental residential market in Phuket has generated an annual yield of more than 10% this year, driven by the ongoing tourism and property boom, which has fuelled high demand for short- and long-term rental properties in prime areas.