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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...
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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...
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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,...
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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...
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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...
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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...
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