Condotel sector to see healthy growth

Habitat Group's X2 Vibe Pattaya Seaphere Residence. The firm plans four new projects to be operational by 2022. Condotels have emerged as a popular property development format in major tourist destinations such as Pattaya, Phuket and Bangkok.Chakkrit Chakrabandhu Na Ayudhya, executive vice-president for investment sales at JLL's Hotels and Hospitality…

Room for optimism in real estate

Thailand's property market still has room for optimism on investment and business opportunities, despite a slowdown in economic growth, US-China trade tensions, a strong baht and slumping exports, says the consulting firm Edmund Tie.Total investment in the third quarter of 2019 increased only marginally by 1.1%, from 12 billion baht…

Hitachi and Frasers ink digital MoU

From left Mr Nakakita, Toshiaki Higashihara, Charoen Sirivadhanabhakdi, chairman of Frasers, and Mr Panote at the signing. Hitachi Asia Ltd and Frasers Property signed a memorandum of understanding (MoU) on Wednesday to invest up to US$50 million each on collaboration in digital transformation in the real estate industry in Asia-Pacific over…

CPN assigns B13.9bn to mixed-use trio

From left Chanavat Uahwatanasakul, chief development officer at CPN; Wallaya Chirathivat, deputy chief executive; and Nattakit Tangpoonsinthana, executive vice-president for marketing. SET-listed Central Pattana Plc (CPN), the property and retail developer under Central Group, plans to open three new mixed-use projects over the next three years at a cost of 13.9…

Challenges remain for Bank of Thailand

Challenges remain for Bank of Thailand Cautious approach needed on rates, while intervention to tame the baht could backfire. We believe the Bank of Thailand (BoT) will take a cautious approach to further monetary easing over the coming quarters. We have maintained our forecast for the key policy rate to…

Condos face fierce Q4 competition

An artist's conception of Lumpini Selected Sutthisan-Saphan Khwai, scheduled to be completed in November, with 170 units remaining out of 389. Condo buyers should shop around before making a decision because a large number of unsold completed units are being offered at below their presale prices, says SET-listed LPN Development…

Cabinet approves new water management guidelines

Cabinet approves new water management guidelines Compensation earmarked for those affected by govt relief measures Low water levels reveal a long-submerged sandbar in Lam Chae Dam, Khon Buri District, Nakhon Ratchasima in August. The cabinet approved new water management guidelines on Tuesday. (Bangkok Post photo) The cabinet has approved a…

Warrant issued for millionairess murder

Warrant issued for millionairess murder Suspect allegedly preparing to flee Thailand Row bus driver Withun Sitabut, 39, (inset) was wanted for allegedly robbing and murdering a rich woman from Samut Prakan province and leaving her body in a refrigerator in her house in Chiang Mai province. Police suspected him of…