Showing 1 - 10 of 18
Contractors warned of looming private sector hazards
Business, Kanana Katharangsiporn, Published on 28/04/2025
» SET-listed contractors heavily reliant on private sector construction may face challenges next year due to the economic slowdown, while those focused on public projects will likely benefit from reduced competition, according to Kasikorn Securities.
Mortgage rejection rates expected to remain high
Business, Kanana Katharangsiporn, Published on 10/04/2025
» Mortgage rejection rates are anticipated to remain elevated due to persistent global economic headwinds, though eased loan-to-value (LTV) limits and lower fees may help support a recovery in the housing market, according to banks and developers.
Bangkok residential supply dip to persist
Business, Kanana Katharangsiporn, Published on 11/02/2025
» Launches of new residential supply in Greater Bangkok will decline for a third consecutive year in 2025, largely attributed to an increase in unsold units carried over from 2024, an uncertain economy and high household debt, according to Kasikorn Research Center.
Thai residential index the lowest in 12 quarters
Kanana Katharangsiporn, Published on 09/01/2025
» The overall residential market index in Thailand in the third quarter of 2024 dropped to its lowest level in 12 quarters, dating back to the third quarter of 2021, driven by declining housing transfers and a slowdown in supply.
Thailand's property boom attracts Chinese investors, but fraud risks loom
South China Morning Post, Published on 19/12/2024
» Thailand's property market is booming and so is fraud. Mainland Chinese buyers, who accounted for nearly half of the purchases by foreigners last year, are among the victims.
Bangkok housing market set to decline amid poor economy
Business, Somruedi Banchongduang, Published on 25/10/2024
» SCB EIC, the research centre of Siam Commercial Bank, predicts that the transfer of new residential units in Greater Bangkok will decline by 10% this year, with a further contraction of 1-3% projected for 2025, mainly due to the country's sluggish economy.
Developers look to shareholders for loans
Kanana Katharangsiporn, Published on 05/08/2024
» Listed residential developers have sought to retain and raise cash by avoiding new costs, borrowing short-term loans from major shareholders, and selling assets to mitigate risks amid difficulties in the financial market and limited mortgage loan approvals.
Property Perfect to launch lone project
Business, Kanana Katharangsiporn, Published on 02/08/2024
» SET-listed developer Property Perfect has scaled back its new project launches this year from seven projects worth 7.7 billion baht to just one -- the lowest number it has recorded in over 20 years -- to minimise risk amid reduced purchasing power and financial challenges.
Mortgage terms may be extended
Kanana Katharangsiporn, Published on 10/07/2024
» The Ministry of Finance is planning to hold discussions with commercial banks about the possibility of extending the home loan repayment period to a maximum age of 85 among borrowers in an effort to stimulate local demand amid the economic slowdown.
PM allays foreign quota fears
Published on 23/06/2024
» Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75% and extend land lease terms for foreigners to 99 years from 30-50 years, saying these measures will help stimulate the economy.