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PROPERTY

Frasers Property brings 31 luxury detached houses to market

Business, Kanana Katharangsiporn, Published on 14/05/2025

» SET-listed developer Frasers Property (Thailand) (FPT) has launched 31 single detached houses priced between 107 and 300 million baht in the Kaset-Nawamin area, aiming to tap into strong demand from ultra-high-net-worth individuals.

PROPERTY

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» The land and building tax is continuing to force outdated and less competitive offices, apartments and hotels to exit the market, with many putting their assets up for sale or lease in the tourism sector.

PROPERTY

SC retains targets amid struggling market

Business, Kanana Katharangsiporn, Published on 08/05/2025

» SET-listed developer SC Asset Corporation is maintaining its 2025 targets for presales, revenue and new project launches, as large players are expected to capture market share amid unfavourable market sentiment.

PROPERTY

Mandarin Oriental overhaul underway

Business, Kuakul Mornkum and Somhatai Mosika, Published on 02/05/2025

» Mandarin Oriental Hotel Group is investing roughly US$100 million to renovate the Mandarin Oriental, Bangkok, with plans to complete the project by the fourth quarter of this year.

PROPERTY

Thanasiri retains revenue growth target

Business, Kanana Katharangsiporn, Published on 30/04/2025

» MAI-listed developer Thanasiri Group has maintained its 15% revenue growth target this year, supported by the launch of a new upper-end low-rise housing project that is expected to capitalise on strong demand and high purchasing power in this segment.

PROPERTY

US tariffs to keep Thai housing in doldrums

Business, Kanana Katharangsiporn, Published on 29/04/2025

» Despite the reduction in transfer and mortgage fees and the easing of loan-to-value (LTV) limits, the housing market will continue to slow as consumers hold back spending amid economic uncertainties caused by US tariffs.

PROPERTY

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.

PROPERTY

Call for free insurance to restore condo confidence

Business, Kanana Katharangsiporn, Published on 24/04/2025

» Condo developers should offer free insurance for unsold inventory or units scheduled for transfer to restore buyer confidence and lift revenue, as the earthquake last month shook consumer trust, according to property analysts.

PROPERTY

Property investment cut amid weak demand

Business, Kanana Katharangsiporn, Published on 23/04/2025

» Residential developers in three eastern provinces slowed new investments last year in response to weak demand, driven by high mortgage rejection rates among local homebuyers.

PROPERTY

Foreign condo purchases decline 6.8% in value

Business, Kanana Katharangsiporn, Published on 22/04/2025

» Condo transfers to foreign buyers in Thailand rose by 0.86% last year, but the total value declined by 6.8%, reflecting concerns over a weakening global economy that may face additional pressure from the US's tariff policies.