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
Bangkok buildings near mass transit in heavy demand 2007-08-11 17:42:00 Budget condominiums near mass-transit lines and their planned extensions are expected to be hot sellers at the Thailand Condo Expo 2007, according to Atip Bijanonda, president of the Thai Condominium Association. He said that locations near the subway and the Skytrain including the latter's new extensions in the Onnuj and Taksin areas remained attractive. Others promising locations are along the planned Red, Blue and Purple light-rail lines.
Read more:Bangkok
, demand
Pattaya has an image problem 2007-08-09 17:39:00 For the last several years, however, Thailand´s real estate industry has argued that Pattaya
is changing for the better, that it’s becoming a more conventional beach-side resort town. But is this really the case? What is the current state of Pattaya’s real estate market? And what does the future have in store? Will a slew of new real estate developments help clean up Pattaya’s image? Pattaya is slowly cleaning up, says Clayton Wade, of Premier Homes, another well-established local figure. “And I wish it would rub off a lot more on the real estate industry,” he adds. “It’s getting sleazier by the second.”
THAI KING INSPIRES INVESTORS 2007-08-07 22:30:00 King Bhumibol Adulyadej may have won a new laurel. Not only is he the world’s longest-reigning monarch, he’s also the nation’s investment king, a Thai Warren Buffet, with $5 billion of shares invested in the Thai stock market. The 79-year-old king controls these shares through the Crown Property Bureau, the asset management company set up by the Thai government.
BBL in Singapore meets rising demand 2007-08-05 18:36:00 Singapore Foreigners keen on buying freehold condominiums in Thailand have always had great difficulty obtaining financing from Thai banks, until Bangkok Bank's Singapore branch pioneered the service two years ago. Now the bank is extending its loan terms from 10 years to 20 and has also increased the amount available to 70% of the purchase price from 60% earlier.
Read more:demand
, Singapore
VIEW TALAY VILLAS RESORT 2007-08-03 19:54:00 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. But after only one night staying, the resort manager Ross Gould (tel: 66-03 756-422 & mobile: 01-524-1376) come to the door of the room & saying he didn‘t want to waste his time if we are not interested in buying a membership card in a very rude manner (at that moment, my friend & i are totally having no clues about what he is saying).
Developer excited about challenge 2007-08-01 23:35:00 During the past two decades, Cha said his family and the company have kept a relatively low profile in Thailand, operating the successful five-star Sukhothai Hotel on Sathorn Road and developing several small properties. Currently, Cha is in charge of developing 196 ultra-high-end condominium units on 7 rai of property attached to the Sukhothai. "This project will be one of the most high-profile things the family has done in Thailand in the past five or six years," he said.
Read more:Developer
, excited
High-end realty market buoyant 2007-07-30 22:38:00 Although most home-builders have cut back on their developments, ultra high-end niche-market developers are still breaking ground all over Thailand. Ultra high-end real estate in Thailand can range from beach-front or mountain villas on Koh Samui or Phuket to large luxurious high-rise condominiums in Bangkok. These types of niche-market homes currently sell for a minimum of Bt35 million.
Baht strengthens- real estate suffers 2007-07-28 17:50:00 The rapid increase in the US dollar and 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). Thai baht strength has not only become a major concern for exporters, but also has implications for Thailand´s real estate sectors."If overseas investors decide to acquire real estate assets in Thailand now, they may have to pay approximately 8% more, comparing to the beginning of the year, due the baht appreciation," Mrs. Suphin said.
Read more:suffers
Bangkok’s easing property market 2007-07-26 17:21:00 Bangkok’s property
market in the first half of 2007, showed a considerable amount of signs in slowing down, but the short-term outlook has improved due to Thailand’s political instabilities improving. According to real estate services and investment management firm- Jones Lang LaSalle, the future of the property market in the second half of the year, depends highly on the overall prospect of the economy.
Read more:Bangkok
Property upturn on the horizon 2007-07-24 17:03:00 ''You might have noticed that people who live in condos these days are generally new families, first-time buyers, expatriates living in Thailand, those who have small families or those who don't have [children] at all. These people don't have the lifestyle to live in condos that have four to five bedrooms,'' says Mr Thongchai. ''If you study the yield per square metre, you will notice that small condos' performance per square metre is better than that of the bigger ones.''
Read more:horizon
What a difference 10 years makes 2007-07-22 18:41:00 Since the financial crisis in 1997, the Thai real estate market has shown remarkable strength over the last 10 years in its path to recovery. While property assets have appreciated from lows posted in the aftermath of recession in the late 1990s, rental and capital values in some sectors have already risen above pre-crisis speaks, according to real estate service and investment management firm, Jones Lang LaSalle.
Read more:difference
, makes
Thailand Property Investment 2007-07-20 18:49:00 Thai and overseas property investors alike are beginning to take great interest in the many real estate and property investment opportunities in Thailand
. Thailand has moved on from being the most exotic of holiday destinations, to being a place where Asian holiday-home owners, European and US ex-pats and property investors alike are beginning to take great interest in the many real estate and property investment opportunities.
A Passion for Thailand 2007-07-16 17:20:00 Christian Widing of Logans Thailand
is building and selling homes in Thailand for a living, but that is not what drives him to be so passionate about his life and work. “Every time I succeed in opening the eyes of someone to Thailand, making them see what I see, feel what I feel towards this country and its people, that’s when I feel that all my trouble is actually worth something,” Christian says. “Technically, you may say that I am selling them a home, but in my heart what I enjoy most is that if have found some more people, with whom to share my love of Thailand.”
Read more:Passion
Thailand to provide new services for foreign buyers 2007-07-14 16:01:00 A range of new services are to be made available to foreign buyers in Thailand
via a new services centre, designed to offer advice and guidance for overseas property investors in the Thai property market.
Thailand real estate is no white elephant 2007-07-10 16:49:00 The Thai real estate sector has undergone intense scrutiny over the last 2 ½ years. The devastating Tsunami in December 2004 and military coup in September 2006 certainly gained the ‘land of smiles’ global attention however the Thai government and its people have worked hard to utilise this interest positively. Far from being a white elephant
(which are incidentally sacred and a sign of prosperity in their native SE Asia), there is continued interest in Thailand
as an investment opportunity.
The lagging Thai real estate market could present a great opportunity for bargain hunters 2007-07-08 18:06:00 Singapore's market is supported by foreign investors buying luxury projects that are integrated with resorts. Although Mr Philips is confident in the Thai property market's long-term potential, he cautions that the strong baht has made Thai property expensive to new foreign buyers, while benefiting earlier investors. Amid the upbeat projection of the Thai market's long-term potential, he acknowledged that the market, be it Bangkok, Hua Hin or Phuket, is lacklustre at the moment.
Thai Stock focus :Preuksa Real Estate 2007-07-07 15:14:00 Preuksa Real Estate
's presales in the first five months of the year were spectacular at Bt4.4 billion, surpassing last year's entire first-half presales of Bt3.7 billion. This was due to great success with presales of 85 per cent in a single day during this year's second quarter for its first city condo, The Ivy Ratchada, totalling Bt880 million. Affordable prices and an attractive location 170 metres from a Skytrain station are the main reasons behind the warm welcome from its low-income customers.
Read more:Stock
Thai real estate goes green 2007-07-05 04:02:00 Thailand’s real estate developers are increasingly taking on hues of green, as a traditionally conservative industry begins to embrace eco-friendly practices. The impetus seems to be coming largely from changing public opinion about environmental footprints, carbon emissions, and global climate change.
Let the wheel of karma turn full circle 2007-07-02 17:03:00 Despite ongoing investigations into corruption, abuse of power, widespread cronyism and other misdeeds during the Thaksin administration that are reported daily to the public, there remain some admirers and fans of the former premier who close their eyes to reality and refuse to recognise what is happening and how much damage has already been done to the country.
Read more:wheel
, karma
Appeal of condo speculation 2007-07-01 17:03:00 Speculators seem undeterred by the cloudy political and economic outlook and are still buying condominiums, with purchases averaging 10-15% of the units in promising projects, according to Phanom Kanjanathiemthao, the managing director of the property agency Knight Frank Chartered.
Read more:Appeal
, speculation
Thailand's economy is fast decelerating 2007-06-27 01:47:00 Private consumption fell to its lowest level since the second quarter of 1999, contracting for both durable goods and services, according to recent Phatra Securities research. Meanwhile, James Pitchon, executive director of the international real-estate firm CB Richard Ellis in Bangkok, says year-on-year take-up of office space in the capital city was down 60% last year.
Read more:Thailand
, economy
The new condo lifestyle - Tahiland property 2007-06-24 18:39:00 Have you noticed the number of condominium projects under construction around Sukhumvit, Sathorn and Ratchadaphisek roads? Bangkok is witnessing not only a new trend in city living, but also the creation of a new community of condo dwellers clustered around the routes of the Skytrain and the subway.
Read more:property
, lifestyle
Thai property market slowing sharply 2007-08-15 19:12:00 Most listed property
developers have posted disappointing second-quarter earnings in a sign that consumers have delayed their home-buying decisions amid the economic slowdown and political uncertainty. KC Property's second-quarter net profit slumped almost 74 per cent from Bt43.27 million last year to Bt11.26 million on a 39.56-per-cent decline in sales. Asian Property was in the same camp as Lalin Property and KC Housing. Its quarterly net profit tumbled 58.13 per cent, from Bt234.35 million to Bt98.12 million.A 19.6-per-cent fall in revenues and an increase in selling and administrative expenses as a percentage of revenues from 12.1 per cent in the second quarter of 2006 to 18.1 per cent, were blamed for the smaller net profit.
Pattaya developer finds a niche 2007-08-13 18:48:00 The Pattaya
developer Indochine Asset Management Ltd is planning a 130-million-baht low-rise condominium, Highpoint Residence, in the Na Klua area of Chon Buri to tap young Thai and foreign buyers, according to sales manager Mark Bowling. The company has already developed four small projects in Pattaya: Regent Pratumnak, Viewtalay Sands, Citism@art Residence and The Regatta on Dongtan Beach. Mr Bowling said it was also planning a more ambitious flagship consisting of two luxury towers of 20 and 30 storeys in the nearby area next year.
Read more:niche
Indian investors eye Phuket 2007-08-19 20:02:00 Indians are following Thailand's success in developing resort properties, especially luxury villas, and its stellar hospitality industry with a view to tap expertise in these fields, says Ramesh K. Hamal, development director of Green Heritage Group which is handling the marketing and sales of Movenpick Residence in Phuket. Indians want this know-how because Thailand has an established market in high-end hospitality.
Elran to build mall in Ko Samui Thailand 2007-08-17 17:26:00 The Elran Real Estate Group said Wednesday it signed an agreement to lease a 25.6-dunam plot on the island of Ko Samui off the coast of Thailand
for $5 million. Elran plans to invest $50m. to construct a 73,500-square meter mall on the island, believed to be the first shopping mall constructed by an Israeli company in Thailand.
Does Thailand want foreign investment? 2007-08-22 13:16:00 Like many others, I have watched the developments concerning the government's proposed revisions to the FBA with a lot of anticipation.The portion of the proposed revisions which has caused the most resistance from foreign investors, as well as many Thais, concerns preferential voting rights for foreign shareholders of Thai-registered companies. Under the current rules, companies which are majority-held by Thais are allowed to give preferential voting rights to the company's minority foreign shareholders giving the foreign shareholders effective control of the company while still enabling the company to be legally classified as Thai-owned.
Read more:Thailand
, investment
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