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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

  • Buyers without borders

    Buyers without borders

    The government wants to liberalise foreign property ownership rules to make them more attractive, but fears of market distortion have led to calls for a tighter framework.

    01 Jul 2024 at 06:02

  • CPN eyes 20% growth for residential unit

    CPN eyes 20% growth for residential unit

    SET-listed Central Pattana (CPN) is targeting 20% annual growth for its residential property business in the coming years, while aiming for 7 billion baht in revenue in 2024 via the hig...

    28 Jun 2024 at 05:00

  • MontAzure’s luxury beachfront community shines

    MontAzure’s luxury beachfront community shines

    MontAzure, the high-end mixed-use residential development on Kamala Beach, is crafting the ultimate beachfront community in Thailand and Asia, supported by the reliability and expertise...

    27 Jun 2024 at 10:26

  • Frasers Property allots B25bn for expansion

    Frasers Property allots B25bn for expansion

    SET-listed Frasers Property (Thailand) (FPT) plans to spend 25 billion baht from 2025 to 2029 to expand its industrial business in Thailand, Vietnam and Indonesia, capitalising on the g...

    27 Jun 2024 at 06:33

  • Julapun defends new property proposals

    Julapun defends new property proposals

    The proposal to allow foreigners to purchase real estate in Thailand will help stimulate the local economy, says Deputy Finance Minister Julapun Amornvivat.

    26 Jun 2024 at 09:54

  • Amata VN forecasts revenue to rise by up to 20%

    Amata VN forecasts revenue to rise by up to 20%

    SET-listed Amata VN, an industrial estate developer in Vietnam, expects its revenue to increase by 15-20% in 2024, driven by more foreign investment in Vietnam, especially from China, a...

    25 Jun 2024 at 06:31

  • 'No effect' from increasing foreign ownership quota

    'No effect' from increasing foreign ownership quota

    An increase in the foreign ownership quota for condos to 75% is unlikely to significantly impact the Thai property market or economy as very few condo projects have reached the quota, a...

    24 Jun 2024 at 18:46

  • PM allays foreign quota fears

    PM allays foreign quota fears

    Prime Minister Srettha Thavisin on Sunday defended the proposal to raise the proportion of foreign ownership allowed in condominiums from 49% to 75% and extend land lease terms for fore...

    23 Jun 2024 at 18:29

  • Real estate execs back steps to boost foreign investment

    Real estate execs back steps to boost foreign investment

    Local real estate executives have expressed support for proposals to extend land-lease periods to as long as 99 years, saying the change would be conducive to attracting more foreign in...

    22 Jun 2024 at 17:19

  • Bangkok townhouse sales plunge

    Bangkok townhouse sales plunge

    New sales of Greater Bangkok townhouses plummeted in the first quarter of 2024 to a 12-year low, nearing levels following the severe floods of 2011, largely attributed to weak demand in...

    22 Jun 2024 at 05:37