Developers warn of price hikes
Recent increases in land and construction costs will likely result in a three to five percent increase in new property prices during the next four months according to Thai developers.Local media reported that developers who have already increased their prices include Sansiri, which called a two...
Continue Reading • 26 Aug 2013
Guru tips Thailand as next hotspot
U.K. television property guru Amanda Lamb has picked Thailand as one of five counties that could be the next potential property hotspot in an article written for Yahoo! United Kingdom.Lamb, a regular face on a plethora of property-related television programs, said: “Thailand’s economy...
Continue Reading • 26 Aug 2013
Bangkok luxury sector up 0.5%
Seven of the nine markets in Asia monitored by Jones Lang LaSalle saw an increase in prices in their luxury residential markets during the second quarter of 2013.Bangkok saw a 0.5 percent rise in the price of its residential property sector, identified by the agency at being the top of the...
Continue Reading • 22 Aug 2013
Bangkok third cheapest for offices
Bangkok remains one of the few office markets in Asia Pacific where both take-up and rents are rising, largely due to Increasing demand, very little new supply and increasing rents. Rates in the Thai capital are the third cheapest office location in the region, according to the Q2 2013...
Continue Reading • 21 Aug 2013
Land crackdown muted - again
The Office of Ombudsman Thailand is set to propose a bill to crack down on the use of Thai nominees by foreigners to purchase real estate immediately after the 2014 budget consideration.According to the Public Relations Department of the Royal Thai Government, Ombudsman Sriracha Charoenpanich...
Continue Reading • 21 Aug 2013
Supercar for Sukhothai buyers
Buyers of condominium units at Bangkok's The Sukhothai Residences between now and the end of September will get a Maserati supercar valued at up to THB15 million as part of their property purchase.Developer HKR International has partnered with Empire Motor Sport Co., the authorised dealer for the...
Continue Reading • 21 Aug 2013
Real Estate Personality revealed
The winner of this year’s Thailand Real Estate Personality of the Year for 2013 has been revealed.Sorapoj Techakraisri, the Chief Executive Officer of luxury real estate developer Pace Development, has been selected by the editors of Property Report magazine to receive the award as part of...
Continue Reading • 20 Aug 2013
Big decline in price of Pace shares
The price of shares in newly-listed Pace Development has dropped more than 44 percent since its debut on the Stock Exchange of Thailand on August 7.A total of 600 million shares were sold at THB3.50 per share as part of the luxury developer’s Initial Public Offering (IPO) earlier this...
Continue Reading • 20 Aug 2013
Ritz-Carlton Residences sets new Bangkok property price record
A record for the highest-priced property in Bangkok has been set with the sale of a unit at the Ritz-Carlton Residences, part of the MahaNakhon development on Chong Nonsi.According to the Agency for Real Estate Affairs the THB222 million price paid for the 734 sqm unit at Pace Development’s...
Continue Reading • 19 Aug 2013
Real estate "in a very good place"
Pattaya-based Kingdom Property launched the first in a series of round-table dinner talks at Grand Hyatt Erawan Ballroom recently, as luminaries from the city's leading property, banking and investment companies gathered to hear the keynote address of prominent fund manager and investor James...
Continue Reading • 19 Aug 2013
Slight decline in overseas interest
The popularity of property in Thailand among overseas buyers dropped slightly last month, although the kingdom is still responsible for more than 2.3 percent of all searches on a leading overseas property portal.Thailand was ranked in 8th place in the monthly Top of the Props report from...
Continue Reading • 19 Aug 2013
Strong sales at DDproperty Show
More than THB100 million worth of deals were done at the latest DDproperty Show which took place last month.The fifth edition of DDproperty.com’s property showcase, which took place at Central Plaza Ladprao in the Thai capital, attracted more than 2,000 visitors. Properties from Bangkok and...
Continue Reading • 19 Aug 2013
Slowdown in prime office markets
Prime office markets in Asia Pacific showed a notable slowdown in Q2 2013, with China and Australian rents proving to be the most susceptible over the latest quarter.The Knight Frank Asia-Pacific Prime Office Index decreased for the first time since Q4 2009, ending a run of 13 consecutive...
Continue Reading • 19 Aug 2013
Commercial transactions decline but market remains positive
Southeast Asia continued to see upbeat commercial property investment sentiment, with Thailand seeing real estate owners inject assets into property funds at a time when overall commercial real estate transaction volume in Asia Pacific declined by 11 percent quarter-on-quarter to US$19.2 billion....
Continue Reading • 16 Aug 2013
Bangkok's priciest single homes
New research from Thailand’s Agency for Real Estate Affairs has discovered buyers will have to pay THB127 million to own the most expensive detached house in Greater Bangkok.The tag of Bangkok’s most expensive housing project belongs to Q Twelve (pictured) where one of the 12...
Continue Reading • 16 Aug 2013
Tulip Group appoints Projects Asia
Pattaya–based property developer Tulip Group has announced that Projects Asia have been appointed as project managers for its five-star beachfront condominium and hotel, Centara Grand Residence Pattaya (pictured).Projects Asia has been managing projects in Thailand for more than 23 years....
Continue Reading • 15 Aug 2013
Bangkok: Condo launches down but prices continue to rise
The number of new condominium launches in Bangkok during Q2 2013 dropped by 22 percent from the Q1, however the total number of units launched during the entire first six months of the year was 12 percent up on the same period last year.In its latest Bangkok Condominium Report, Colliers...
Continue Reading • 6 Aug 2013
ERA sold for S$100 million
Singapore media has reported that ERA Realty Network has been acquired by Indonesian private equity firm Northstar Group for more than S$100 million.Singapore-based Hersing Corporation previously owned the franchise rights to the brand in 18 countries throughout the region, including in Malaysia,...
Continue Reading • 5 Aug 2013
Phuket beachfront property premium is among highest globally
Phuket property buyers are paying an 89 percent premium for their beachfront properties compared to similar land-locked homes – and that’s among the highest anywhere in the world.Knight Frank surveyed real estate agents in 10 popular second-home destinations around the world and...
Continue Reading • 5 Aug 2013
Industrial property demand on the up
Demand for rented factories and industrial land in Thailand is predicted to increase this year according to research from Knight Frank Thailand.In its Industrial Property Brief report, the agency said this year is predicted to be one of strong growth for foreign direct investments (FDIs), with...
Continue Reading • 2 Aug 2013