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Housing firms to see future consolidation.
Byline: Nuntawun Polkuamdee
Mar. 2--Rising market competition and operating costs will lead to consolidation in the property sector, with perhaps only a handful of firms dominating the industry within the next three years, according to Teerachon Manomiaphibul, a vice-president at Property Perfect.
He said banks are now taking a stricter line on project financing, while upper-end housing demand is also falling.
Many developers are turning to lower-end townhouse and condo projects with unit prices of three- to four-million baht each, Mr Teerachon said, adding pressure on smaller developers.
"The large companies definitely have the ...
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...Kanana Katharangsiporn May 28--Property Perfect Plc will float two billion baht worth...collect more land for expansion," said Property Perfect vice-president Sirirat Wongwattana...from five new projects. Shares of Property Perfect closed yesterday on the Stock Exchange...
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- Property Perfect rating cut.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 19, 2005 700+ words
Oct. 19--Fitch Ratings has reduced the credit rating for Property Perfect Plc (PF) by one notch to BBB- (tha), citing the developer's weakening financial leverage and worse-than-expected earnings...
- Property Perfect to lower house prices: 20% cut and prefab houses in pipeline.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 8, 2006 700+ words
Byline: Kanana Katharangsiporn Jun. 8--Listed property developer Property Perfect Plc (PF) plans to lower housing prices by 20 percent and launch a new brand of cut-price detached houses built using pre...
Source: HighBeam Research, Housing firms to see future consolidation.