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Iris Group winds back revenue target

Iris Group winds back revenue target

Mid-sized developer Iris Group has shifted to the upper-end residential segment and revised down its revenue target for this year by a third, due to the economic and market slowdown.

04 Jul 2019 at 04:00

All Stories

  • Japanese firms eye Ekamai

    Japanese firms eye Ekamai

    Two Japanese firms have forged a joint venture with Thai developer All Inspire Development Plc for a condo project worth 4.8 billion baht on Ekamai Road.

    05 Mar 2019 at 06:42

  • CIMBT hikes teaser rate for home loans

    CIMBT hikes teaser rate for home loans

    CIMB Thai Bank (CIMBT) has raised its teaser rate for new home loans and mortgage refinancing by 0.1-0.15 percentage points, ending the bank's low introductory rate of below 3%.

    04 Mar 2019 at 04:30

  • Pace revenue, gross profit drop

    Pace revenue, gross profit drop

    SET-listed Pace Development Corporation reported revenue of 8.81 billion baht and gross profit of 2.86 billion baht in 2018, down sharply from 2017.

    04 Mar 2019 at 04:30

  • AP diversifying to weather slowdown

    AP diversifying to weather slowdown

    SET-listed developer AP Thailand Plc will rely on product diversification this year to retain growth amid a property market slowdown.

    01 Mar 2019 at 04:00

  • Itochu joins CP on condo project

    Itochu joins CP on condo project

    Japanese trading house Itochu Corp and Charoen Pokphand Group will develop a premium condominium tower in central Bangkok targeting the affluent.

    28 Feb 2019 at 04:00

  • LTV limits add to sentiment for stagnant growth in 2019

    LTV limits add to sentiment for stagnant growth in 2019

    The new mortgage rules taking effect on April 1 are expected to make the Thai property market stagnate this year, with developers hoping for a recovery in the second half.

    28 Feb 2019 at 04:00

  • New condos dot Green Line extension

    New condos dot Green Line extension

    The extension of the Green Line mass-transit system from Bearing station all the way to Samut Prakan has opened further opportunities for property development along the southern reaches...

    27 Feb 2019 at 04:00

  • MBK Real Estate plans 3 launches

    MBK Real Estate plans 3 launches

    Despite being cautious on this year's property outlook, MBK Real Estate plans to launch three upper-end residential projects worth a combined 5.5 billion baht.

    27 Feb 2019 at 04:00

  • NVD launching 11 projects

    NVD launching 11 projects

    SET-listed developer Nirvana Daii (NVD) plans to launch 11 new projects worth a combined 17.54 billion baht in 2019 and aims for growth to double for presale units.

    26 Feb 2019 at 04:00

  • R Kelly pleads not guilty to sex abuse

    R Kelly pleads not guilty to sex abuse

    CHICAGO: R&B superstar R Kelly on Monday pleaded not guilty to 10 counts of aggravated criminal sex abuse against four victims, three of them minors.

    26 Feb 2019 at 03:11