property

Raimon Land Public Company Limited announces 1Q/2021 profit increase of 199% as compared to the same period last year, announces profit of THB 138mn despite the COVID-19 economic downtrend.

The property sector in Bangkok and its vicinity will either grow or contract by 5 to 6 per cent depending on how successfully the government tackles the third wave of Covid-19 infections, property consultancy firm Lumpini Wisdom and Solution (LPN Wisdom) said.

The price index of condominiums for sale in Bangkok and its surroundings in the first quarter of 2021 decreased 0.8 per cent compared to the previous year, the Government Housing Bank’s Real Estate Information Centre (REIC) reported.

Though Thailand’s property market showed some signs of recovery in the third quarter of 2020, homebuyers’ purchasing power was weakened with the arrival of a new wave of Covid-19 infections in mid-December, Nattha Kahapana, deputy managing director and head of Knight Frank’s Phuket operations said.

Landy Home (Thailand) marked the grand opening of its flagship sales gallery on Ratchapruek Road on Wednesday by targeting Bt2.4 billion sales in the home building market in 2021 – or repeat yearly growth of 15 per cent.

A study conducted by Krungsri Research indicates that the housing sector in six key provinces will pick up in 2022-2023 thanks to developers’ strategy of cutting prices to release stock.

Property developers are directing their focus to outer Bangkok areas, especially along the Orange, Yellow and Pink Skytrain lines in 2021, a Colliers International Thailand executive said.

The Agency for Real Estate Affairs (AREA) on Thursday released a list of 15 most-expensive housing estates in Thailand, most of which are in Bangkok and its vicinity.

As one of Asia’s best tourism destinations, and Phuket's increasing tourist numbers each year, property business was among the sectors that grew continuously, says

The price of land in the heart of Bangkok has remained unchanged despite the Covid-19 crisis, Kulwadee Sawangsri, executive director of investment and land services for CBRE (Thailand), said on Wednesday.

Centara Hotels & Resorts, Thailand's leading hotel operator, has expanded its footprint in Southeast Asia by inking hotel management agreements for one resort in Khao Yai, Thailand, and two resorts in Vang Vieng, Laos, adding 304 keys to its group portfolio.

Since the Covid-19 outbreak, lifestyle and living including business practices of today's people have changed, with a "new normal" that requires social spacing, wearing masks, reduced contact, and keeping hands clean.

Most of the property markets in 2021, including condominiums, office space and shopping malls, are expected to contract due to the fallout from the Covid-19 pandemic, but the warehouse and factory rental markets will thrive due to rapid expansion of e-commerce, property experts said.

Real estate developer AP (Thailand) Pcl and Thailand Privilege Card Co Ltd, operator of Thailand Elite membership card, recently signed a memorandum of understanding for a special collaboration on the Elite Flexible One programme.

The government is wooing investors to take over Dhara Dhevi Hotel Chiang Mai by setting a low reserve price for the auction.

A group of Nirvana Daii (NVD) shareholders led by Sornsak Somwattana on Wednesday confirmed they had purchased Singha Estate’s entire shareholding in NVD of 711,855,320 shares, or 51.56 per cent of the total stock of NVD, at Bt2.52 per share.

Real estate firm Noble Development Plc (NOBLE) has unveiled plans to develop 11 new projects worth a total Bt45.1 billion in 2021.

Thai residency visas for foreigners who invest as little as Bt3 million in property is among five proposals being considered by the Finance Ministry.

InterContinental Hotels Group (IHG) has signed a landmark franchise agreement with Siamese Asset to expand its Crowne Plaza brand in Bangkok.

Dusit International has expanded into Singapore with the opening of the Dusit Thani Laguna Singapore in the heart of the Laguna National Golf & Country Club.

Dusit International, one of Thailand’s leading hotel and property development companies, continues its expansion in China with the recent opening of its 10th property in the mainland – Dusit Thani Wellness Resort Suzhou, Jiangsu.

Noble Development Public Co Ltd has announced a normalised total revenue of Bt3.39 billion and a normalised net profit of Bt524 million for the third quarter of this year, recording a 308 per cent and 18,285 per cent increase year on year, respectively.

Mortgage rates rose last week, according to a Freddie Mac survey released Thursday, amid a mixed stock market sparked by investors reacting to a breakthrough coronavirus vaccine and a growing caseload.

Prices for single-family homes across the U.S. increased 12% in the third quarter, the biggest annual jump in seven years, according to the National Association of Realtors.