Amari Estates receives strong residential demand
Amari Estates targets to sell THB2 to THB3 billion worth of residential properties over the next 12 months, banking on the strong demand from Thai buyers, according to media reports.Company President and CEO Yuthachai Charanachitta said this demand is buoyed by the willingness of many buyers to...
Continue Reading • 19 Jun 2013
NC Housing raises target over strong demand
Buoyed by strong pre-sales of THB2 billion achieved year-to-date, NC Housing has increased its 2013 pre-sales target to THB5 billion from the previous THB3.2 billion.The strong figures were recorded on the back of bullish demand for the company’s projects both in Bangkok and the provinces,...
Continue Reading • 19 Jun 2013
ERA business up for sale
The ERA Real Estate network throughout Asia Pacific is for sale with a price tag of S$200 million, according to media reports on Monday.The Wall Street Journal, citing sources with knowledge of the situation, reported that Singapore-based Hersing Corp., which owns the franchise rights to...
Continue Reading • 18 Jun 2013
Boom time for Rattanathibet
By Andrew Batt:The Bangkok suburb of Rattanathibet is experiencing strong interest from property buyers and developers alike, with more than 30 projects and 10,000 units being launched within the last 12 months.The strong interest from developers is mainly driven by the upcoming completion of the...
Continue Reading • 17 Jun 2013
Sharp jump in Bangkok land prices
By Andrew Batt: Prices of land in some parts of Bangkok have doubled as a result of revised appraisal values by the Treasury Department. Plots close to existing and planned mass transit routes have seen the biggest price hikes.Land stretching from Ladprao’s Meng Jai junction to Ram Indra...
Continue Reading • 17 Jun 2013
Ananda seals THB1.35 billion loan
By Andrew Batt:Ananda Development has secured a THB1.35 billion baht loan for the construction of its latest condominium project.IDEO S9, located on Ratchapruek Road, will be located 300 metres from BTS Pho Nimit station in the Taksin-Thaphra area. Its 1,262 units will be aimed at medium income...
Continue Reading • 17 Jun 2013
Meet Raimon Land's new CEO
By Andrew Batt:A one-on-one interview over morning coffee at the Fullerton Hotel is certainly a nice way to get to know Johnson Tan, the new Singaporean Chief Executive Officer of one of Thailand’s high-end developers.Interest in Thai properties has been on the rise, but the deal...
Continue Reading • 14 Jun 2013
Bangkok land prices exaggerated: expert
By Andrew Batt:Reports that land prices in the Siam Square, Chidlom and Phloenchit areas of Bangkok have now hit THB2 million per square wah are exaggerated, according to a veteran property industry professional.Sopon Pornchokchai, President of the Agency for Real Estate Affairs (AREA), said that...
Continue Reading • 14 Jun 2013
Android launch for DDproperty.com
By Andrew Batt: DDproperty.com, Thailand’s number one property website and part of the PropertyGuru Group, has launched its new mobile application for Android phones to meet increasing demand from consumers who are searching for property in Thailand on their smartphones. Napong Panthong,...
Continue Reading • 14 Jun 2013
Rising costs drive Japanese to Vietnam
By Andrew Batt:More Japanese investors in Thailand are considering investing in Vietnam as their favoured business destination.Hirotaka Yasuzumi, Managing Director of the Japan External Trade Organization (JETRO) spoke to reporters in in Ho Chi Minh City recently, noting that Japanese investors...
Continue Reading • 13 Jun 2013
UK house for sale - for free
By Andrew Batt:A house in South Wales could be become the cheapest home to be sold in the United Kingdom when it comes under the hammer next week with a guide price of £0.The freehold mid-terrace property in the former mining village of Nantymoel will be sold in Cardiff on June 20,...
Continue Reading • 13 Jun 2013
MeStyle reports 50% sales ahead of launch
By Andrew Batt:Mestyle Land has reported pre-sales of more than 50 percent of units at MeStyle@Sukhumvit Bangna ahead of its sales launch next week.The developer of the low-rise condominium will hold its opening event at Central Plaza Bangna in Bangkok on June 17-23, and will be offering a range...
Continue Reading • 13 Jun 2013
Record sales at DDproperty show
By Andrew Batt: A record-breaking number of deals were done at DDproperty.com’s fourth Property Showcase event which took place in Bangkok recently.The seven-day show at Central Plaza Rama 9 saw transactions worth THB155 million sealed for 54 units in Bangkok and Pattaya.Napong Panthong,...
Continue Reading • 13 Jun 2013
Foreigners buying in Northeast Thailand
By Andrew Batt: Foreign property investors are flocking to Thailand ahead of the implementation of the ASEAN Economic Community (AEC) in 2015, according to the Board of Investment (BoI).Many land purchases are being made by Chinese buyers in the Upper Northeastern part of the kingdom.In Khon Kaen...
Continue Reading • 12 Jun 2013
Sansiri heads to Hong Kong, Singapore
By Andrew Batt: Thai property developer Sansiri is aiming to increase the number of foreign buyers purchasing its condominiums over the next five years.Speaking at an event in Hong Kong last week, CEO and Founder Apichart Chutrakul said he wants to grow the percentage of foreign buyers in his...
Continue Reading • 10 Jun 2013
SC Asset looks to China
By Andrew Batt:Foreign buyers and investors are firmly in the sights of one of Thailand’s listed real estate developers.SC Asset Corporation has revealed plans for a property roadshow in Beijing, China, during August with the aim of expanding its overseas customer base.Chief Operating...
Continue Reading • 10 Jun 2013
Builders get ready for THB2 trillion govt projects
By Nikki De Guzman As the government unveils its THB2 trillion infrastructure plans, construction firms are eagerly checking on their resources to participate in the bidding process.For an instance, Ch Karnchang has withdrawn its THB350 billion water management project to focus on the...
Continue Reading • 7 Jun 2013
Call for professional management
By Andrew Batt:Thailand’s property industry needs to tackle the issue of professional property management to ensure current developments maintain their appeal to buyers and investors.To mark its 25th anniversary in Thailand, property consultancy CBRE gave its predictions for the residential...
Continue Reading • 7 Jun 2013
Raimon Land launches in Ekkamai
By Andrew Batt: Raimon Land has launched its much-anticipated new freehold condominium project, The Lofts Ekkamai.Singaporean Johnson Tan, the new Chief Executive Officer, explained the project will target a new generation of potential homeowners looking for a combination of style, comfort and...
Continue Reading • 7 Jun 2013
Property Perfect to build 4 malls
By Nikki De Guzman Property Perfect’s retail division We Retail will unveil four new community malls by 2015, with a combined worth of about THB20 billion, reported The Nation.The move aims to leverage the new Bangkok City Plan, especially the expansion of the mass transit systems, as...
Continue Reading • 6 Jun 2013