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Mortgage rejection rate hits condo launches

Mortgage rejection rate hits condo launches

The high mortgage loan rejection rate in the first quarter of 2024 caused condo developers to put the brakes on new launches in Greater Bangkok in the second quarter.

17 Sep 2024 at 06:05

All Stories

  • Mortgage bad-debt rate climbs

    Mortgage bad-debt rate climbs

    Lower-income homebuyers have struggled to repay mortgages following an uptick in interest rates, leading to a significant increase in housing non-performing loans (<...

    27 Aug 2024 at 19:51

  • The Nest, partner lay out plans

    The Nest, partner lay out plans

    The Nest Property, a residential developer owned by the Mahagitsiri family, is continuing its joint ventures in high-priced low-rise houses with Japanese real estate firm Kanden Real...

    27 Aug 2024 at 04:56

  • Prospect targets purchase of 3 industrial sites for B3.35bn

    Prospect targets purchase of 3 industrial sites for B3.35bn

    Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust (PROSPECT REIT) plans to raise an additional 3.35 billion baht to acquire three industrial prope...

    22 Aug 2024 at 04:38

  • Sansiri sells Standard shares to Hyatt

    Sansiri sells Standard shares to Hyatt

    Shares of Sansiri Plc (SIRI) rose by nearly 5% on Wednesday after Thailand’s leading property developer announced an agreement to sell shares of the US-based lifestyle hotel St...

    21 Aug 2024 at 18:55

  • Double financing adds to property sector's woes

    Double financing adds to property sector's woes

    Higher debt leverage resulting from double financing is making it more difficult for property companies to secure bank loans.

    20 Aug 2024 at 05:49

  • Inner-city land prices increase in first half

    Inner-city land prices increase in first half

    The rise in land prices in Bangkok's inner-city locations was among the top five largest increases in both the first and second quarters of 2024, reflecting the trend of higher ...

    17 Aug 2024 at 04:00

  • Hunting for a place at the financial table

    Hunting for a place at the financial table

    Amid the wreckage of the 1997 Asian financial crisis, also known as the "Tom Yum Kung" crisis, the Thai financial sector worked to develop a strong and resilient infrastructure.

    16 Aug 2024 at 05:08

  • Pruksa slashes value of new developments by B2bn

    Pruksa slashes value of new developments by B2bn

    SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse...

    16 Aug 2024 at 05:00

  • AssetWise posts record Q2 revenue

    AssetWise posts record Q2 revenue

    SET-listed developer AssetWise set a record for revenue in the second quarter, driven by a strong performance from its campus condo and Phuket projects as the company expects to main...

    14 Aug 2024 at 04:00

  • More foreign ownership ‘could mean more illegal hotels’

    More foreign ownership ‘could mean more illegal hotels’

    Hotel operators are concerned about changes to foreign ownership rules for real estate because they believe it could lead to another influx of illegal hotels...

    13 Aug 2024 at 18:55