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PROPERTY

Developers project 10% residential gain

Business, Kanana Katharangsiporn, Published on 22/03/2024

» The residential market this year is expected to grow by 10%, even though eased loan-to-value (LTV) limits were not approved, and interest rates might not decrease soon, according to property developers.

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PROPERTY

TCC Assets preps B113bn One Bangkok

Business, Kanana Katharangsiporn, Published on 21/03/2024

» TCC Assets (Thailand), a property arm owned by the Sirivadhanabhakdi family, is transforming Rama IV Road with the launch of the 113-billion-baht One Bangkok mixed-use project, following its investment of nearly 39 billion baht in developing six projects along the same road.

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PROPERTY

The Aspen Tree collaboration eyes retirees

Business, Kanana Katharangsiporn, Published on 19/03/2024

» The Aspen Tree, a residential project for the over-50s and part of large-scale mixed-use development The Forestias, is collaborating with Happiness Science Hub by the Research and Innovation for Sustainability Center (RISC) and Canadian geriatric experts Baycrest to prevent brain deterioration in seniors, targeting affluent Thai and overseas buyers planning for retirement.

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PROPERTY

Residential demand slows greatly in Chiang Mai

Kanana Katharangsiporn, Published on 18/03/2024

» Residential demand in Chiang Mai began slowing in the second half of 2023 and has continued through the first two months of this year, largely attributed to shrinking purchasing power caused by the economic slowdown and higher interest rates.

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PROPERTY

Russians control residential leasehold segment in Phuket

Business, Kanana Katharangsiporn, Published on 15/03/2024

» The value of residential units in Phuket leased long-term by the top 10 foreign nationalities almost tripled to 12.8 billion baht in 2023, mainly driven by Russian buyers fleeing the conflict in Europe as the foreign quota for condos was filled in many areas of the island.

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GENERAL

Gaysorn Amarin to create income boost

Business, Kanana Katharangsiporn, Published on 12/03/2024

» Luxury developer Gaysorn Property expects the opening of Gaysorn Amarin, formerly known as Amarin Plaza, with an investment of 1 billion baht will help boost revenue by 50% to 1.3 billion baht this year.

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PROPERTY

Ananda readies seven projects worth B18.6bn

Business, Kanana Katharangsiporn, Published on 12/03/2024

» Despite carrying unsold condo units ready to transfer worth a total of 33 billion baht, SET-listed Ananda Development is planning to launch seven new projects worth a combined 18.6 billion baht this year.

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PROPERTY

Sena strategies aim to shift unsold condos

Business, Kanana Katharangsiporn, Published on 06/03/2024

» SET-listed developer Sena Development is planning to implement new strategies to rent out and transfer completed unsold condos, coping with a high mortgage rejection rate in an effort to increase sales and revenue this year.

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PROPERTY

Influx of mixed-use projects poised to transform market

Business, Kanana Katharangsiporn, Published on 05/03/2024

» An influx of new property supply from 10 world-class mixed-use development projects located in the central business district (CBD) is set to transform Bangkok and Thailand, according to property consultant Jones Lang LaSalle (Thailand) (JLL).

PROPERTY

Phuket housing market still robust

Kanana Katharangsiporn, Published on 01/03/2024

» The Phuket residential market is expected to remain robust in 2024, with prices projected to increase by 10-15%, driven by Russian demand and an anticipated return of Chinese buyers in the second half, according to property consultant CBRE Thailand.