Patong beach in Phuket is deserted because of the pandemic. APINYA WIPATAYOTIN PHUKET: With the pandemic ravaging the tourism industry and slowing the property market on the islands, a local developer is pivoting to a guaranteed yield strategy, aiming to sell to buyers and rent to uncertain workers.Thanusak Phungdet, president of Phuket-based property developer VIP JD...Read More
Magnolia Quality Development Corporation (MQDC), one of Thailand’s leading property developers, will commence official sales of its flagship development project - The Forestias - worth 125 billion baht on May 8 with special pricing offered until May 15. A wide range of residential components in The Forestias It will also open the ‘Forest Pavilion’, an...Read More
Mr Yuthachai says a new Maldives project remains on track. Italthai Group is preparing a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for five years.Yet the firm is keeping the faith in its resort expansion in the Maldives. Yuthachai Charanachitta,...Read More
Chatchai Sirilai, president of state-owned GH Bank. The government is set to roll out the second phase of the One Million Houses low-cost housing scheme worth 30-50 billion baht with a fixed rate of 2% for 10 years to help low-income earners buy a home and stimulate the domestic property sector.Chatchai Sirilai, president of state-owned...Read More
Move to leverage Singha Estate's synergies Entering the power plant business is part of a plan to enhance the SET-listed firm's core business Mrs Thitima says Singha Estate is also interested in related energy businesses, engineering services and other innovative services. SET-listed Singha Estate Plc (S) is moving into the power plant business to leverage...Read More
Ms Pornrat, centre, Phanid Maneerattanaporn, left, and Phattra Maneerattanaporn, representing Landy Home's second generation, gesture in front of the company's flagship store on Ratchaphruek Road. As demand for self-built homes remains strong, particularly in the high-end segment, homebuilder Landy Home (Thailand) is aiming for sales growth of 15% to 2.4 billion baht this year. Pornrat...Read More
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