James Pitchon’s Post

The 6.3-kilometre underpass, which will be the country's first expressway tunnel, will run along Ngarmwongwan Road via Phongphet Intersection, Bang Khen Intersection, and Kaset Intersection to Prasertmanukit Road before connecting with the N2 Expressway. The tunnel, which is built in a cut and cover structure, will have an entry point and exit with a length of 1.75km, as well as an elevated structure with a length of 2.49km to link with the N2-phase expressway. Please credit and share this article with others using this link: https://lnkd.in/gJzXvEcC. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

YTL to buy Evason Phuket resort

Big C have : 156 hypermarkets 50 supermarkets 1,587 mini Big C convenience stores Same store sales growth was only 0.1% in Q1 . Full presentation at the link below: https://lnkd.in/gpH5yvW4

Munich Cathedral. Frauenkirche “ Dom Zu Unsra Lieben Frau “ Biggest Hall church in the world . Built in 1494 but the towers were only completed in 1525 due to a shortage of money .

The new, controversial tollgate of the Chalerm Maha Nakhon Expressway in Bangkok’s Pathum Wan district is open for operation from Thursday. The Expressway Authority of Thailand (EXAT) said the new expressway gate and exit will provide a shortcut linking the Chalerm Maha Nakhon Expressway to Wireless Road and significantly reduce congestion at the Rama IV gate.

SET-listed developer Sansiri is preparing for a fragile market in the second half by securing bank loans totalling 15 billion baht, seeking to enhance foreign demand and launching upper-end projects. Uthai Uthaisangsuk, president of Sansiri, said the residential market slowed as demand in the middle to low-end segments weakened. These groups were unable to secure mortgages based on several negative factors. Please credit and share this article with others using this link: https://lnkd.in/gPMerSNi. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

"Next year, we will see how the arrival of the Pink Line transforms our business," Mr Paul said. Bangkok Land invested 1.67 billion baht in the Pink Line extension, representing roughly half of the total investment in the expansion, which should be completed during the second half of 2025. Please credit and share this article with others using this link: https://lnkd.in/g8fw3Z4C. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

St Michael’s Jesuit Church in Munich . The largest Renaissance church north of the Alps built in 1597 .

Sena a midsize developer saw net revenue fall 22.6% in Q1 2024 . Extract from a TRIS report on Sena : “Lower-than-expected operating results SENA’s overall performance in 2023 through the first three months of 2024 (3M2024) was severely affected by unfavorable market sentiment stemming from rising interest rates and high household debts, leading to weaker purchasing power among homebuyers. Additionally, bank mortgage rejection rates have increased sharply, particularly among the middle- to low-income segments, which form SENA’s major customer base. As a result, SENA’s net presales and transfers from both its own and JV projects in 2023 through 3M2024 deviated notably from our previous forecast. SENA’s total operating revenue reached THB 3.8 billion in 2023, achieving around three-fourths of our previous forecast. Revenue from rental and services accounted for around 34% of total operating revenue. Operating revenue continued to decrease significantly in 3M2024, falling below our prior target. SENA’s operating profit margin declined to 12% of total operating revenue in 2023 and 19% in 3M2024, down from above 20% in the past several years. This was mainly due to the lower margins of the rental and services businesses, where fee-based revenue recognition did not align with costs. The margins of the real estate business, on the other hand, remained sound. As a result, EBITDA still fell short of our prior target of THB 1.5-THB 1.7 billion. SENA reported EBITDA of THB 1.3 billion in 2023 and only around THB 300 million in 3M2024. The pretax return on permanent capital (ROPC) deteriorated to 4% in 2023-3M2024 from 6% in 2021-2022 and 10% in 2019- 2020. This decline was mainly due to SENA’s strategy to launch more JV projects, especially in landed property projects.” Full presentations at the links below : https://lnkd.in/gMDfgHgS https://lnkd.in/gMDfgHgS

The company teamed up with Hankyu Hansin Properties Corp, an Osaka-based real estate developer, Chulalongkorn University's Faculty of Engineering and Panasonic Corporation to build pilot energy efficient houses at Sena Grand Home Bangna in Samut Prakan's Bang Bo district. Please credit and share this article with others using this link: https://lnkd.in/g_Ky9WuF. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.