"Property Sector"

Prime Minister Prayut Chan-o-cha held discussions at Government House with businessmen and entrepreneurs involved in the property sector on ways to drive the country's economy.

AS THE business model for the property sector transforms to align with the sharing economy, most local property firms are expanding their investments in prop-tech businesses as well as in co-working space, residential maintenance services and similar opportunities, a survey by The Nation has found.

THE COUNTRY’S waste could be reduced through incentives that push private developers to better management of construction materials, creating an economically healthier sector alongside healthier homes and reduced environmental impacts.

FRASERS PROPERTY (Thailand) Public Company Limited, an indirect associated company of Singapore’s Frasers Property Limited, is making a conditional voluntary tender offer (VTO) for all the issued securities of Golden Land Property Development Plc for about Bt19.75 billion (S$851.9 million) in cash, subject to regulatory and shareholder approval.

Listed property firm Supalai Plc announced a net profit Bt3.33 billion in the first nine months of this year or dropped 18.78 per cent from the same period of last year, the company’s managing director Tritecha Tangmatitham said on Wednesday.

JAPAN-based Tokyu Corporation plans to spend as much as US$100 million a year over the next three years to expand its investments in Thailand and elsewhere in the Asean region with a focus on residential property, the company’s director and senior managing executive officer, Toshiyuki Hoshino, said yesterday.

THE property market enjoyed strong growth in the first quarter of this year, led by a 35 per cent jump in the number of condominium units released in Bangkok from the year-earlier period, said Surachet Kongchepp, a property market researcher.

Thailand’s real estate market is forecast to rebound in 2018 as the local economy continues to recover, with condominiums to remain the top pick for consumers attracted to an urban lifestyles, the inaugural DDproperty Property Market Outlook report said yesterday.

IMPROVED transport infrastructure has helped to increase real estate activity in Ho Chi Minh City and neighbouring southern provinces, including Long An, Dong Nai and Binh Duong.

THE STATE management agencies and local authorities must be cautious with the real estate market performances and wary of a market bubble, Deputy Prime Minister Trinh Dinh Dung reiterated recently.

MOST OF the top 10 SET-listed property firms reported lower revenue and net profit in the first quarter compared with the same period last year, but their presales grew by as much as 14 per cent, attributed to an improving economy.