Showing 1 - 7 of 7
Building owners choose to sell up as taxes start to bite
Business, Kanana Katharangsiporn, Published on 13/05/2025
» The land and building tax is continuing to force outdated and less competitive offices, apartments and hotels to exit the market, with many putting their assets up for sale or lease in the tourism sector.
UHG bags Ekkamai plot for mid-tier hotel
Business, Kanana Katharangsiporn, Published on 12/11/2024
» Commercial property developer UHG continues its acquisition of prime plots of land, leasing a one-rai site on Soi Ekkamai currently occupied by an apartment complex in order to invest 600 million baht in the development of a mid-tier hotel, prompted by enforcement of the land and building tax.
Orange Line delay hits condo project
Business, Kanana Katharangsiporn, Published on 06/08/2024
» The delayed opening of the Orange Line, which will run between Thailand Cultural Centre and Min Buri, has affected the development and launch of retail and commercial properties, but demand for condos on Ramkhamhaeng Road remains strong.
UHG allots B1bn for two mid-tier hotels
Business, Kanana Katharangsiporn, Published on 01/08/2024
» Commercial property developer UHG will invest 1 billion baht to expand with two new mid-tier hotels on Sukhumvit Soi 8 and Pradipat Road, banking on robust tourism demand in this segment, which has boosted revenue growth post-pandemic.
Bangkok land prices set for record
Business, Kanana Katharangsiporn, Published on 01/02/2024
» The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity.
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.
UHG forecasts revenue to increase by 40% this year
Business, Kanana Katharangsiporn, Published on 28/02/2023
» Hotel and office developer UHG is forecasting a 40% increase in revenue this year, banking on robust demand from foreign tourists and the Mice (meetings, incentives, conventions, and exhibitions) sector in Bangkok.