Owner: Thailand real estate news URL:http://thailandreal-estate.blogspot.com/ Join Date: Mon, 13 Aug 2007 07:08:30 -0500 Rating:0 Site Description: Thailand real estate news Site statistics:Click here
The heart of the matter 2007-08-27 20:21:00 The rapid change that Bangkok is undergoing with train lines spreading in many directions might confuse property buyers, but to play it safe it is still best to be located in or close to the heart of the city because this does not change for generations, according to Pritpal Singh Gill, the country manager of Pacific Star International, Areas identified by Mr Gill as having the potential of benefiting from the spinoff of real estate values in the city centre include stretches further down Sukhumvit toward Soi 105 although he warned that this will take some time because there is still absorption left in the main Sukhumvit strip.
Read more:matter
Investors 'cautious' over Thai property market 2007-08-25 19:54:00 Many people considering purchasing property
in Thailand remain cautious, despite the fact that the risk to investment is "not large", according to one expert. Commenting on the Thai market, Marsha Lu, head of the legal, diligence and compliance department at Property Frontiers, said that media reports on the recent military coup has prompted some investors to be wary of buying property there.
Read more:Investors
'Wide variety' of investors head to Thailand 2007-08-24 14:28:00 A variety of investors are setting their sights on Thailand
's property market, which continues to attract various different types of investor according to experts. Representatives at David Stanley Redfern maintain that the Thai property market is proving attractive to investors looking for pure investment opportunities, holiday home purchasers and business buyers alike, underlining the varied appeal of the market at large. Meanwhile Thailand continues to enjoy a strong tourism trade, with over 850,000 UK tourists having visited the country in 2006.
TALAY VILLAS RESORT AND RESIDENTIAL ESTATE CLARIFICATION 2007-08-29 19:23:00 The View Talay Villas Holiday Resort in Pattaya, which cheated me & my friend by sending emails in black & white saying offerring us a complimentary staying for a week. "The fact is there are 198 villas in the View Talay Villas Estate. Seven of these villas are owned and controlled independently by a Time Share company known as View Talay Villas Holiday Resort. This is the company your reader has complained about. Our company has nothing to do with this business, or Mr Ross Gould." Mr. Rob Astbury, Sales Manager
Resorts buck the property trend 2007-09-23 07:07:00 Although the property
market in Bangkok and its surrounding area has shown signs of dropping 10-20 per cent this year, property developments at the country's tourist destinations are recording strong growth of up to 10 per cent. The main developments include resorts and villas at beach destinations such as Pattaya, Hua Hin, Cha-am, Koh Samui and Phuket. A recent survey conducted by Ocean Property has shown, for instance, that the property market in Hua Hin and Cha-am has grown 10 per cent this year, following investments totalling Bt22 billion since July 2006. Of the total, Bt10 billion has been invested in detached housing, Bt10 billion in hotels and resorts and Bt2 billion in condominiums. Ocean Property itself has spent Bt1 billion to build the Asara Villa and Suites luxury resort in Hua Hin.
Read more:Resorts
CB Richard Ellis expands to Koh Samui 2007-09-20 04:22:00 In 2004, a second office was opened in Phuket and CB RichardEllis
is now the leading international agent on the island offering a range of services from property sales, management, investments and land sales, and valuation and research to the Phuket market. There is no substitute for a local presence, so CBRE is opening a Samui office in order to better service their clients either living or looking to invest from overseas in the island.
Million-dollar homes for Koh Samui 2007-09-14 17:04:00 Koh Samui, once a popular island getaway for backpackers, is turning into Thailand's latest market for million-dollar villas, international real-estate firm CB Richard Ellis (CBRE) said Tuesday. "Although 50 per cent of the villa developments in Samui are in the $1 million and below price range, we are spotting an emerging market for top-end villas which achieve prices in excess of $2 million," said Prakaipeth Meechoosarn, manager of CBRE's newly opened Samui office.
Investors Push Cambodia on Real Estate 2007-09-10 20:10:00 PHNOM PENH, Cambodia
- Foreign investors pushed the Cambodian government Tuesday to allow foreign ownership of buildings, apartments and condominiums, saying such a step is important to advance the country's economic growth. "It will help further develop the real estate market in Cambodia," said Bretton Sciaroni, an American lawyer, in a speech at a government forum Tuesday. Sciaroni cited the examples of Singapore, Thailand, Malaysia, Indonesia and the Philippines, which all permit foreign ownership of apartments and condominiums.
Read more:Investors
, Estate
, Real Estate
Credit squeeze could cause some ripples in local market 2007-09-07 16:14:00 Sub-prime meltdown in the US will ultimately affect the cost of borrowing and the ability to do so in Thailand because a lot of funds that flow into this market come from institutions in US and some of them have been affected, says Nigel Cornick, the CEO of Raimon Land Plc. Financial institutions' general risk awareness increases when there is talk of mortgage defaults, repossession and price slumps, ''so those things tend to spread even though [the real impact] may be confined to America'', he says.
Thai demographic trends point to rapid rise in proportion of elderly population 2007-09-04 16:29:00 Faced with a seismic shift of 14 million baby boomers into the country's dependent elderly
population by 2025, Thai society and its economy risk being ripped apart. The impact of the spiralling number of aged and dependent on Thai society will undoubtedly be violent but problems may be avoided if the public and private sectors work together.
Read more:point
Current rules related to foreign investment are very confusing 2007-09-02 17:15:00 Attempts to amend the Foreign Business Act this year have led to foreign investment
in the Thai real estate market plunging, says Lars Lang, a partner of Thai Estate Scandinavian Company, a niche developer. Scandinavians in recent years have been active investors in Thai property, but lately the big players have become very hesitant about large-scale commitments, says Mr Lang. Individual Scandinavians are still buying but are shying away from anything costing more than seven to eight million baht.
Read more:Current
, related
Property funds at risk from capital controls 2007-08-31 18:27:00 The situation is forcing foreign investors not to exercise their capital
-increase rights, Virapan said. The Ticon Property Fund is seeking to increase its capital by Bt2.3 billion, but foreign shareholders, when offered the right to increase their investment, have declined to do so despite the fact that this would see the percentage of their stake diminish. However, GE Real Estate Investment Holdings last month acquired Bt525 million worth of shares in the Ticon Property Fund, which is managed by ING Funds.
Thai real estate hit by strong baht 2007-09-27 03:09:00 Not only has the strength of the Thai baht become a major concern for exporters, but it has also had implications for Thailand’s real estate sectors. The rapid increase in the US dollar-Thai baht exchange rate has largely been explained as weakness of the US dollar around the globe, and more recently by continued inflow of foreign capital to Thailand, particularly via the stock market.
Island getaways for a steal 2007-09-30 07:46:00 The buzz about Thailand’s real estate market tends to revolve around the new, glamorous, big-name projects: high-end investment developments, luxury condos and villas, and other upscale properties. And it’s plain to see why, as glitzy projects clearly have the most sex appeal. But what about properties designed for more mid-market consumers — buyers looking to spend, say, 150,000 pounds sterling, or roughly Bt9 million? People, for example, who might be in search of a somewhat simple weekend getaway home at the beach? How big are such houses or condos? How close might these homes be to the beach? What kind of sea views — if any — are available? Following is an examination of what two popular locales — Koh Samui and Phuket — have to offer in this price range.
Read more:Island
As safe as houses? 2007-10-12 16:10:00 Tighter Bank of Thailand monetary policy in 2005 and softer domestic activity growth have dampened house prices of late, but interest-rate cuts this year ought to lead to some improvement, especially as Thailand does not have the after-effects of a bubble to weigh on the residential property market.Although housing markets have had common global drivers in recent years, this does not mean that the US housing slump will be repeated elsewhere. There are global problems enough to worry about, as US consumption slows and credit markets exhibit volatility. Adding a global housing slump to the list of world economic problems seems unnecessary.
Read more:houses
A higher design at Aqualina Samui 2007-10-07 03:57:00 As Koh Samui becomes an ever more sophisticated destination for property buyers, new design
concepts are beginning to emerge that match and even exceed the progressive ideas on display in more established destinations like Phuket and Bali. Aqualina Samui is one such project, and will exemplify an almost futuristic approach to design with function emphasized over form and special features such as grass-planted roofs and ultra-spacious living areas. With Gary Fell´s GFAB team as master planners on the project, it comes as no surprise that the designs challenge traditional living concepts in favour of more energy efficient, practical spaces. A seamless spill over from architecture to nature breaks down the definitions of interior and exterior, and a considered use of glazing invites the surrounding views inside.
Hong Kong first for Thai developers 2007-10-04 05:58:00 The key reason for why Hong Kong
buyers are in the market and will continue to be the dominant force is simply the proximity and connectivity value offered here,” said Nick Anthony, managing director of Indigo Real Estate. “Phuket is the main destination for alternative second homes and for those considering second homes with the potential to become primary residences. It’s also a momentum-driven market. Someone will buy a house and then tell 20 friends to also buy.
Phuket real estate resilient 2007-10-17 05:29:00 Phuket is experiencing a buzzing low season with hotel occupancy rates up 20%-30% from last year. The term ´low season´ may no longer be applicable based on visitor arrivals in the past several months. "During a recent site inspection with a group of Middle Eastern investors, it was impossible for them to extend their trip due to lack of hotel availability. Quality hotels such as Trisara and Twin Palms were fully booked during a time that is traditionally the low season," according to Mr. David Simister, Chairman, CB Richard Ellis Thailand.
Real Estate Brokers Association announce training course for Realtors to be held next year in Bangkok. 2007-10-21 07:07:00 On Saturday Afternoon at the Marriott Resort and Spa in South Pattaya, a press conference was held by the Real EstateBrokers
Association (REBA) of Thailand Eastern Seaboard led by Dr. Somsak, who is the president of REBA Thailand and Khun Paisan, former President of REBA Thailand. An announcement was made that a 7 day training course
for Real Estate
Brokers will be held at the Shangri La Hotel in Bangkok
between 21st and 27th January 2008. This very intensive international real estate training course will be attended by real estate professionals from all over the world with 25 American real estate professionals already signed up for the course. Those who attend and pass the course will be Certified International Property Specialists. The course will provide valuable information on working with clients from around the world and tools needed to present investment information to international clients. The cost of the course is 1,500 US Dollars and for more information you can contact the Read more:Realtors
Aloft Going to Thailand 2007-10-27 15:45:00 Aloha! Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) and its much-anticipated new lifestyle brand, aloftSM hotels, announced today that aloft is partnering with TCC Land Leisure Co., Ltd. a wholly owned subsidiary of TCC Land Co., Ltd. to open an aloft hotel in Bangkok. aloft Bangkok-Silom will be the first among ten hotel projects, both domestic and overseas that TCC Land Leisure and Starwood mapped out following an MOU signed last month.
Read more:Going
, Thailand
Fairmont Goes Exotic with Far Flung Fractionals 2007-11-01 12:34:00 Fairmont Hotels and Resorts, through its Fairmont Heritage Place brand, is opening several international fractional properties over the next few years. In Dubai, a hot bed of real estate development and now home to the tallest building in the world, Fairmont along with IFA Hotels and Resorts is building a fractional residence club on the Palm Jumeirah, a man made desert island. Homes range from two-bedroom, 1,810 square foot apartments to 5,340 square foot, two-level villas with five bedrooms and private infinity pools. The 51 fractional ownership homes, being sold in 1/10th shares, just started going into contract this fall. Prices start at $165,000.
Read more:Fairmont
Franchises specialise in luxury residences 2007-11-05 01:35:00 Engel & Volkers, one of the fastest growing international real estate brands, with new shops opening on average every four days, is getting ready to move into Bangkok by year-end after establishing itself in Greater Phuket area and Hua Hin in less than 24 months, according to Martin Phillips, managing partner of Engel & Volkers Thailand.
Read more:Franchises
Future could include a reborn Klong Toey 2007-11-10 13:50:00 Managing director Patima Jeerapaet said that the Port Authority of Thailand was looking for a consultant to draft a plan to develop 2,000 rai of Klong Toey Port land which is the size of a mini-city. This idea first surfaced around four years ago and his real estate agency is following up on the lead. ''It would definitely be mixed use _ housing, retail, hotels and offices _ 2,000 rai is huge.''
Read more:Future
, include
Preuksa Real Estate planning Ho Chi Minh developments 2007-11-15 02:19:00 Preuksa Real Estate
Plc, the country's second largest developer, plans to bid for land in Ho Chi Minh City in mid-December to develop medium-priced housing units, according to chief executive and managing director Thongma Vijitpongpun.He said the Vietnamese government was accelerating property development in Ho Chi Minh City's central business district and would open bidding for local and overseas developers.''We're studying the Ho Chi Minh City property market and will examine property and land market prices late this month,'' he says.
Read more:planning
Dynamic government will inspire confidence 2007-11-20 01:57:00 All of us in the property industry are waiting in anticipation of positive signals that will resurrect international confidence, enable investors to take up the undoubted wonderful opportunities offered in Thailand and provide a strong future platform for growth.The Dec 23 elections present a great chance to get back on track with the formation of a democratically elected government to ensure the country can once again surge forward at the same pace as its Asian neighbours.
Read more:Dynamic
New roads to opportunity 2007-11-26 12:52:00 completion of any major transport link changes real estate values and development patterns greatly. A case in point will be the opening earlier this month of the last section of the Outer Ring Road linking Suk Sawat Road on the west bank of the Chao Phraya River with Bang Phli district of Samut Prakan on the east bank.Further changes are in the pipeline with work under way to link this stretch of the Outer Ring Road with the Industrial Ring Road, which has two major cable-stayed bridges across the Chao Phraya River linking Suk Sawat to the west and Pu Chao Saming Phrai Road to the east to Rama III Road on the southern fringes of the central business district.
Thai Asian Property, S'pore Pacific Star in jv 2007-12-01 10:34:00 Thailand's Asian
Property Development AP.BK said on Thursday it had formed two joint ventures with Singapore's Pacific
Star Group to build two condominiums worth a combined 6 billion baht ($177 million).Building of the two projects in Bangkok's central business area was expected to start in the middle of 2008, the Thai firm said in a statement.
Phuket companies score at property awards 2007-12-08 01:00:00 BANGKOK: Phuket-based property
companies took home four of 13 awards at the 2007 Thailand Property Awards, held in Bangkok December 1.The Yamu was awarded the Best Resort Villa Development prize, Royal Phuket Marina won in the Best Resort Condo Development category, while the Lighthouse Club Green Development Award went to West Sands in Mai Khao. Siam Real Estate was awarded the Best Agent Website prize for www.siamrealestate.comAll of the remaining awards, aside from two that went to Samui-based properties, went to companies based in Bangkok.
Pattaya targets CIS investors 2007-12-15 00:53:00 This fast developing resort city is making all out efforts to attract tourists and potential investors from Russia and other CIS (Commonwealth of Independent States) countries. Indicative of the new pro-active stance being adopted by both government and real estate agencies in Pattaya
, October saw members of the Pattaya City Council and the Tourism Authority of Thailand attending Moscow's "Leisure 2007" Show.
Read more:targets
ThaiLiving Real Estate Agent Grand Opening 2007-12-22 13:59:00 On Sunday Evening, the grand opening took place for a new Real Estate
Company. Thailiving is located at The Chateau on the Thappraya Road in Jomtien and is owned by Peter and Mattias Persson from Sweden. They offer a full range of Condo's and Houses for sale and rent and are also agents for a number of high profile developments in the Pattaya and Jomtien areas. If you would like more information on the services offered by Thailiving, please call 038 364 514 or log on to www.thailiving.net
Read more:Grand
, Agent
Recommend Site To A Friend
