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PROPERTY

Homeless subsidies falling on deaf ears

Post Reporters, Published on 04/10/2023

» The Department of Social Development and Welfare is pushing housing subsidies for homeless people as fewer than 100 people have registered for the scheme over the past year, according to Minister of Social Development and Human Security Varawut Silpa-archa.

PROPERTY

MQDC eyes sales of B1bn at housing fair

Business, Kanana Katharangsiporn, Published on 04/10/2023

» Property developer Magnolia Quality Development Corporation (MQDC) plans to hold its first housing fair next week, aiming for 1 billion baht in sales over the four-day event.

PROPERTY

Hyde Park development to be accelerated

Business, Kanana Katharangsiporn, Published on 03/10/2023

» Property developer Koon Estate and Asia International School Limited (AISL), the operator of Harrow International Schools in Asia, will accelerate the second phase of the luxury house project Hyde Park Garden to serve high demand among parents.

PROPERTY

Ananda opts to initiate price cuts

Business, Kanana Katharangsiporn, Published on 28/09/2023

» Ananda Development Plc will cut the prices of its ready-to-move-in residential units, reducing the company's gross profit by 8%, in an effort to secure liquidity and bolster cash flow amid a risk that it may be unable to secure a bond rollover, along with the crisis generated by the Ashton Asoke case.

PROPERTY

Habitat Group, ECG jointly invest in condo project

Business, Kanana Katharangsiporn, Published on 27/09/2023

» Property developer Habitat Group and Thai private equity firm ECG Venture Capital are jointly investing in the development of a luxury condo project worth 3.5 billion baht in Pattaya, with the aim of tapping strong demand among foreign buyers.

PROPERTY

Rate hike would likely hurt housing market

Business, Kanana Katharangsiporn, Published on 26/09/2023

» Interest rates in Thailand should not be raised because doing so would adversely affect the housing market where demand is weak, say analysts.

PROPERTY

Foreign demand continues to surge in H1

Business, Kanana Katharangsiporn, Published on 19/09/2023

» While the number of local buyers in the condo market has slowed, foreign demand continued to surge, accounting for 24.6% of the total transfer value nationwide in the first half of 2023, up from 20.5% last year, led by Chinese buyers.

PROPERTY

Partners co-develop Phuket villa project

Kanana Katharangsiporn, Published on 18/09/2023

» Amid a foreign purchasing boom led by Russians, MontAzure has partnered with local developer Botanica Luxury Phuket to develop villas priced 49-170 million baht on Kamala Beach targeting overseas buyers.

PROPERTY

CPN readies 50 residential developments

Business, Kanana Katharangsiporn, Published on 15/09/2023

» SET-listed developer Central Pattana (CPN) has prepared land plots for 50 residential developments to launch from 2024 to 2026, aiming to generate a combined revenue of 24 billion baht in those years.

PROPERTY

Developers seek state aid for agricultural sector

Business, Kanana Katharangsiporn, Published on 15/09/2023

» The government should bolster the provincial economy by enhancing the agricultural sector as this will create a ripple effect in Bangkok and ultimately stimulate demand for housing nationwide, say developers in the Northeast.