developers
- Property News
Bangkok real estate developer confidence dipped in Q1 due to supply chain woes
Thailand’s home developer sentiment index was 47 in the first quarter of 2022, compared to 52 in the fourth quarter of 2021. The reason for the dip in confidence? Russia’s war in Ukraine, of course. The ongoing conflict has significantly influenced the cost of petrol and numerous construction supplies, notably steel, which has seen a 35% increase in price since…
- Property
Centara plans to build 100 new hotels by 2026, launch 20 per year
Centara Hotels and Resorts plans to open 100 new hotels in Thailand, the Middle East, China and neighbouring countries over the next 5 years, with the intention of managing them through agreements with partner companies, according to the Bangkok Post. Centara’s 5 year goal from 2022 aims to add 20 hotels each year, bringing the total number to more than…
- Property
Origin to launch 31 projects, targets 17.5 billion baht
Developer Origin Property intends to introduce 31 new residential properties in Thailand totalling 42 billion baht, targeting 35 billion baht in presales and 17.5 billion baht in revenue, according to the Bangkok Post. Of the projects, 19 are apartments, costing a total of 28.6 billion baht, followed by 12 low-rise residences, costing 13.4 billion baht, says Origin’s chief executive. “The…
- Property
Thailand real estate market to see post-pandemic boom by 2024
Real estate developers in Thailand should brace themselves for a post-pandemic boom, despite the current inflation and higher development prices, economists say. After a 2 year slowdown during the pandemic, Thailand will enter a new economic phase from 2022 to 2024, according to Bangkok Bank’s Senior Executive Vice-President Kobsak Pootrakool in the Bangkok Post. “We are getting close to the end…
- Covid-19 News
Workers still locked up in Thai construction ‘camps’ | VIDEO
Tim Newton speaks to Shaun Stenning from 5 Star Marine and One Phuket outside a worker camp and constructions site in Kathu, Phuket. The situation is just a small part of a nationwide situation where 80,000 – 100,000 mostly migrant workers are virtually imprisoned in their construction sites. We get to the issues and the work being done by people…
- Events
New Normal for property developers as marketing moves online
PROPERTY EVENT “The coronavirus pandemic comes at a moment where the Thai real estate market has seen an over-supply coupled with reduced demand since 2019 due to appreciation of the baht and overall economic sentiment.” Restrictions on movement, a lack of foreigners visiting and inspecting properties, and an economic slowdown are putting pressures on Thailand’s property market. At the same…
- Business News
Developers need to clear stock, heavy discounting in property market
ADVERTORIAL Property prices are expected to decline by double digits in the next few months as Thailand’s property developers begin to offer more sales incentives in response to post Covid-19 markets. A recent survey by leading property portal FazWaz indicated that 50% of Thailand’s property developers are considering discounting at least 20% off minimum benchmark prices. Brennan Campbell, CEO at…
- Property
Condo developers allow transfer delays for Chinese buyers, due to slowing sales
Thai property developers are sharpening their pencils on sales and allowing variations to contracts on some deals to accommodate some of the challenges posed by the coronavirus outbreak. Now some developers in Thailand have started to extend the transfer period from 3 months to 9-12 months for Chinese clients, according to Angel Real Estate Consultancy. Chinese buyers have paid 30%…
- Thailand News
Thai developers revising strategies after a drop in Q2
Some of Thailand’s largest property developers have reported drops in revenue and profit in Q2 2019. The slump follows commercial banks in Thailand reining in loan approvals in response to a new loan-to-value regulation that took effect on April 1. • AP (Thailand) reported total Q2 revenue of 4.8 billion baht, down 25.9% compared to last year’s 6.48 billion baht,…
- Thailand News
Chewathai launches seven new property projects in Bangkok despite slowdown
Listed property firm Chewathai says they are revising down their revenue target for this year from 2.8 billion to 1.6 billion baht after demand for residential projects has shown a slowing down in the first half of 2019. The company’s managing director Boon Choon Kiet made the announcement yesterday. Boon says Chewathai’s total revenue of 618.65 million baht in the…
- Phuket News
Top 5 things Phuket hotel developers should know
by Bill Barnett from c9hotelworks.com Taking a 2020 view of Phuket’s hotel development pipeline that has now surpassed 15,000 new keys it’s hard not to be apprehensive. From a macro standpoint, the destination’s airlift and location are key success factors. But for the myriad cast of new and inexperienced hotel developers out there, perhaps a visit down Alice’s rabbit hole…
