The company repositions itself to focus on catering to a market that is still in high demand In a bid to tap into a more profitable segment of the local property market, Chewathai Public Co, the Thai arm of Singapore-listed developer TEE Land, will shift its focus on the high-end and luxury sectors, The Straits […]
Continue Reading
Vingroup, the property conglomerate behind many deluxe trade centers and residential developments in Vietnam, has been honored in three categories of the reputable Asia Pacific Property Awards, given away in Malaysia this week. The Hanoi-based firm, Vietnam’s largest listed real estate developer, was given three much-coveted awards for their development of Vinhomes Central Park, Landmark […]
Continue Reading
Passenger train services resumed in Cambodia on Saturday for a limited period following a 14-year suspension because of poor railway conditions. A train with nearly 200 passengers on board left Phnom Penh station at 7am for an eight-hour, 264-kilometre trip to a popular beach resort in the southwestern coastal province of Sihanoukville. John Guiry, CEO […]
Continue Reading
Four new-build Best Western Plus properties totalling 4,150 keys will include the three largest hotels in Best Western system. Best Western Hotels & Resorts announced major activity in Thailand, with the signing of the largest-ever multi-hotel agreement in the company’s storied 70-year history. The signing of an agreement with real estate developer A.D. Houses Co. […]
Continue Reading
A pause in government procurement plans is forcing Thailand’s solar players to explore new markets. Thai renewable energy developers are expanding into overseas markets while waiting for news of further procurement rounds at national level. Thai Solar Energy, for example, is reported to be looking for partners to develop up to 50 MW of PV […]
Continue Reading
Real estate consultancy firm Savills has revealed that Tokyo is the most important market in Asia today, based on the 12 Cities report covering the first half of 2016. The study, which covers residential and commercial real estate, ranks cities based on global connectivity, economic indicators, power and competitiveness. Placing fourth globally, Tokyo averages USD69,800 […]
Continue ReadingSET-listed developer Sena Development Plc plans to launch nine new residential projects this year worth a combined 5.3 billion baht. It aims to achieve 4.52 billion baht in presales by the end of this year with growth of 27% from a year before. Despite the potential growth, deputy chief executive Kessara Thanyalakpark said the company […]
Continue ReadingThe Monetary Policy Committee (MPC) of the Thai central bank is closely monitoring the country’s property sector citing weak demand, as the sluggish economy and delays in infrastructure spending continue to dampen buyer enthusiasm. In its latest policy report, the committee said high outstanding supply in the property sector is a risk that warrants close […]
Continue ReadingThailand’s government will review 5,000 rules and regulations over the next 12 months in an attempt to loosen regulatory control in the country. CEO of Kiatnakin Bank Banyong Pongpanich, also a member of the junta’s legal overhaul committee, explained that many of the reviews will include laws that are not enforced or that pose obstacles […]
Continue ReadingThe construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local […]
Continue Reading