Laguna Shores second phase launched
The second and final phase of the Laguna Shores waterside development in Laguna Phuket has been launched following the success of the first phase which has seen sales of more than 60 percent.Laguna Shores is in the middle of the Laguna complex and will be managed by a new hotel brand under the...
Continue Reading • 2 Aug 2013
Bangkok serviced apartment occupancy, rents decline
Rental and occupancy rates in Bangkok’s serviced apartment sector have witnessed mild declines, although the sector has continued to benefit from the increasing number of expatriates living in Bangkok as well as the number of tourist arrivals. According to a special report from CBRE average...
Continue Reading • 2 Aug 2013
KTB shifts THB5 billion of NPAs
Non-performing property assets (NPAs) in good locations and with attractive pricing can still sell through any economic slowdown according to Suchart Dechittirat, Assistant Vice President of Krungthai Bank (KTB).During a slow economy, the property market is impacted by a limited supply of new...
Continue Reading • 1 Aug 2013
THB45 billion of projects on hold
New research from the Agency for Real Estate Affairs (AREA) has revealed that 89 residential projects are currently on hold within the Greater Bangkok area.A total of 18,404 units worth more than THB45 billion are currently in limbo although the firm declined to reveal precise details of affected...
Continue Reading • 1 Aug 2013
Asian institutions look overseas
Asian institutional investors could look to invest in excess of US$150 billion in global real estate over the next five years, but with limited investable stock available in Asia will seek opportunities overseas in London, New York, Sydney and other gateway cities.New research from global real...
Continue Reading • 1 Aug 2013
Colliers predicts 20% growth
Colliers International Thailand is predicted business growth of 20 percent during 2013 following a string of awards and its expansion into Myanmar.In addition to taking home six awards from last year’s Thailand Property Awards 2012, the strength of the Thailand business was also an...
Continue Reading • 26 Jul 2013
Appreciation event for The Mark buyers
An appreciation night for Singapore and Malaysia buyers of a Thailand condominium development attracted more than 100 people when it took place last weekend.The event, believed to be the first of its kind, was organised by Singapore real estate agency Trillion for its buyers of units at The Mark,...
Continue Reading • 26 Jul 2013
The lure of Singapore for Sansiri
It’s been a while since Sansiri, one of Thailand’s top property developers, has exhibited to property buyers and investors in Singapore. This weekend the company returns with its Phuket beachfront project – Baan Mai Khao.PropertyGuru’s International Group Editor Andrew...
Continue Reading • 25 Jul 2013
Rise in Bangkok new launches
Greater Bangkok will see 22 percent more homes offered for sale this year according to new research from the Agency for Real Estate Affairs (AREA).The real estate consultancy firm yesterday predicted that 124,080 properties will come to the market this year with a combined value of more than...
Continue Reading • 25 Jul 2013
Bangkok up in Cost of Living report
Bangkok has risen seven places in the annual Mercer Cost of Living Survey, DDproperty.com can reveal. The Thai capital now ranks in 81st position of the 214 cities surveyed by the global professional services company.The survey is one of the world's most comprehensive and helps multinational...
Continue Reading • 25 Jul 2013
Raimon Land picks Pre-Built for Unixx
Raimon Land has awarded the construction contract for its Unixx South Pattaya development to Pre-Built – the builders behind the listed developer’s Zire Wongamat project in the same city.Construction has begun, and Raimon Land’s Chief Executive Officer Johnson Tan (pictured...
Continue Reading • 24 Jul 2013
Chiang Mai top for overseas retirees
The northern Thai city of Chiang Mai has been listed as one of the top eight places to retire by an overseas website.The Live and Invest Overseas portal ranked the city as one its top eight places to retire in its annual survey. Chiang Mai was listed alongside Coronado in Panama, Medellin in...
Continue Reading • 24 Jul 2013
Myanmar 'twice the price' of Thailand
As buyers in Myanmar continue to flip properties, the country's prices will continue to head north in the next few years, noted Presidential Adviser U Aung Tun Thet.“We’ve seen that property prices have reached twice the prices of neighbouring Thailand,” he said at a...
Continue Reading • 19 Jul 2013
Singapore launch for Eternity condo
Singapore will this weekend host the first overseas sales exhibition for Eternity Sukhumvit 8, a freehold condominium development in central Bangkok.The eight-storey property, which is expected to be completed in 2015, will feature a total of 131 units with one-bedrooms ranging in size from 33.6...
Continue Reading • 19 Jul 2013
Pace pushes towards August IPO
Luxury Thailand property developer Pace Development Corporation is pressing ahead with its plans for an Initial Public Offering (IPO) next month despite short-term market volatility on Southeast Asian stock markets including on the Stock Exchange of Thailand.Pace will launch 600 million shares as...
Continue Reading • 19 Jul 2013
Foreigners buying big in Bangkok
Property market cooling measures elsewhere in Asia are driving demand for property in Bangkok, according to a new research report.In its latest Property Times market report, DTZ noted that whilst demand for property in the Thai capital will continue to be primarily driven by domestic homebuyers,...
Continue Reading • 18 Jul 2013
All the fun of the fair for Prinsiri
Thai property developer Prinsiri has announced plans to invest more thanTHB1 billion to develop Plearnary Mall, a new amusement community mall on Vacharapol Road in the Thai capital.According to the company's Senior Vice President Patcharee Kovitchindachai, THB350 million wasspend to acquire the...
Continue Reading • 16 Jul 2013
Southpoint sells 87 units to HK Co
Pattaya-based Kingdom Property has sold 87 units of the company's debut project Southpoint Pattaya to Hong Kong-based Purple Link Investment Company, a sale which represents total space of 3,983sqm in the project. Total sales of the twin-tower development now stand at more than 60 percent, with...
Continue Reading • 16 Jul 2013
Condomania boom hits Chiang Mai
After more than 10 years of stagnation, the condominium sector in the northern Thailand city of Chiang Mai is booming again The first five months of 2013 saw the hhigest number of units come to market in the last 17 years, and at prices that are some 11 percent higher the the same period in...
Continue Reading • 15 Jul 2013
Major's little Majestro set for sales
Major Development Estate Co, under the management of Petrada Poolvorlaks, has recently unveiled its latest brand ‘Maestro” – a low-rise condominium project in prime location, classic with a modern twist design and exclusivity at what the developer describes as affordable prices....
Continue Reading • 15 Jul 2013