Residential projects worth Bt100 billion to be launched Buoyed by the high presales and total revenue in the first half of this year, the top-10 property firms listed in the Stock Exchange of Thailand (SET) plan to launch new residential projects worth more than Bt100 billion in the second half…Continue reading
Thailand’s listed property firms reported robust profits last year despite negative factors including political unrest, rising interest rates, and the end of tax incentives last June. Sansiri recently reported a consolidated net profit of THB1.898 billion (US$62.39 million) last year, rising 18 per cent year-on-year, on revenue of THB18.75 billion…Continue reading
As confidence grows of a significant property market recovery in the second half of this year, Thailand’s major developers are walking a financial tightrope between prudence imposed by the downturn and grasping the opportunities of recovery. Continue reading
Thailand’s second largest property developer, Preuksa Real Estate Plc, says its sales figures for the first two months of 2009 have improved markedly since December 2008, and the firm is now targeting sales of Bt3 billion for the first quarter of this year. Continue reading
High-flying property firm Asian Property Development has entered 2009 in a defensive mood. It has suspended six major projects, will go ahead with other, smaller developments, but is generally waiting to see what happens. Continue reading
The listed developers Sansiri Plc and Asian Property Development Plc have both reported a surge in net profit in the third quarter due to the delivery of more condominium units to buyers while Golden Land Property Development posted a loss which it blamed on market volatility and uncertainties. Sansiri reported…Continue reading