Homes come under the hammer
By Andrew Batt: More than THB300 million worth of assets will come under the hammer later this month at a property auction in Pattaya.The newly-established company - Pattaya Property Auctions - is headed by experienced auctioneer John Collingbourne and Paul Strachan, a media industry veteran.The...
Continue Reading • 6 Jun 2013
Boom in Bangkok office sector
By Andrew Batt:The Bangkok office sector is becoming a landlords’ market for the first time in 20 years, according to predictions from property consultancy CBRE.There is currently more than 8 million sq ft of office space in Bangkok compared to less than 1 million sq ft just 25 years ago....
Continue Reading • 6 Jun 2013
Asia heats up ahead of AEC 2015
By Nikki De Guzman:In line with ASEAN economic integration by 2015 the region’s real estate markets, especially the commercial sector, are expected to see increased demand according to a new report by Jones Lang LaSalle.Released in conjunction with the 2013 World Economic Forum East...
Continue Reading • 5 Jun 2013
Samui owners take control
By Andrew Batt: Karma Samui Resort will be renamed Kanda Residences after villa owners took full control from the previous owners yesterday.Owners of the 36 pool villas have appointed Mai-BS (Thailand) as the interim management company to handle the handover as well as execute changes in the...
Continue Reading • 5 Jun 2013
Projects tempt Singapore buyers
By Andrew Batt:Thailand property investment opportunities were once again in the spotlight in Singapore last weekend, with three projects from the kingdom being showcased to buyers and investors there.For what is believed to be the first time, a Thailand commercial property investment opportunity...
Continue Reading • 5 Jun 2013
Hooker targets children
By Andrew Batt:An Australian real estate agency has introduced a marketing campaign which is targeting children as the next generation of property buyers.Mr Hooker Bear is the brainchild of LJ Hooker, one of the country’s leading real estate agencies, and has recently launched an...
Continue Reading • 5 Jun 2013
Platinum branches out into retail
By Nikki De Guzman Anticipating a surge in purchasing power in view of the Asean Economic Community in 2016, Platinum Fashion Mall Group has allocated THB15 million to develop three new retail projects, reported Bangkok Post.According to Executive Vice-President Pongsak...
Continue Reading • 5 Jun 2013
Thanapat back to where it is strongest
By Shabnam Muzammil Thanapat Property Development is back to developing townhouses, with the planned launch of a new Bt900 million development will be located on a six-rai plot at Rama III Road.Set to be released in October, the project will be developed in two phases and comprises of...
Continue Reading • 5 Jun 2013
Bangkok condo market to become complicated and competitive
By Andrew Batt: High land prices in Bangkok’s prime property areas will restrict the number of new developments in the Thai capital.To mark the 25th anniversary of its debut in Thailand, property consultancy CBRE released its predictions for property markets in the kingdom.It noted that...
Continue Reading • 5 Jun 2013
Developers to sell Elite Card
By The Phuket News: Yet another attempt is being made to get one of Thailand’s best-known dead ducks fly again. This time, the Thailand Privilege Card Co (TPC), operator of the Thailand Elite Card, will enlist a property developer to help begin selling new memberships from next month.The...
Continue Reading • 4 Jun 2013
Attractive agents sell more homes
By Andrew Batt:A new study has revealed that attractive real estate agents sell more properties and achieve at higher prices.The authors of the report asked 402 people to score real estate agents in the United States on a scale of 1 to 10, from very unattractive to very attractive. Property...
Continue Reading • 3 Jun 2013
Thai Bauer starts work at Southpoint
By Andrew Batt:Kingdom Property has awarded the piling contract for its Southpoint Pattaya project to notable foundation contractor Thai Bauer. Affiliated with German construction powerhouse Bauer Spezialtiefbau GmbH, Thai Bauer began procedures on the foundations at the development early last...
Continue Reading • 3 Jun 2013
Property Perfect eyes student market
By Andrew Batt:Property Perfect has ventured into real estate designed for university students with the launch of a new dormitory design under the Uniloft brand.The property developer’s first two Uniloft dorms are in the Salaya area of Nakhon Pathom, and in Chiang Mai. It also plans to...
Continue Reading • 3 Jun 2013
Tighten foreign ownership: survey
By Andrew Batt: Property buyers and owners in Thailand want the government to consider tightening foreign ownership of property in the kingdom.In its Q1 Sentiment Survey DDproperty.com, a subsidiary of PropertyGuru Group, revealed a growing concerns that demand from foreign buyers is driving...
Continue Reading • 3 Jun 2013
More condos planned along new rail lines
By Shabnam Muzammil: Property developers are building more condos near the new transit routes indicated in Bangkok’s new city plan. For example, LPN Development will build projects near the new routes in order to meet the demand in these areas for the long term.“We...
Continue Reading • 31 May 2013
NHA board nominates new head
By Nikki De Guzman:Following the early resignation of former director-general Vitoon Chiasakul in January, the board of Thailand’s National Housing Authority (NHA) has nominated deputy director-general Krisda Raksakul to replace him, subject to the cabinet’s approval in July.The...
Continue Reading • 31 May 2013
Thai developer taps luxury-savvy UAE
By Nikki De Guzman:Thai developer Pace Development is leveraging on the United Arab Emirates’ (UAE) growing appetite for luxury to market its latest project — the Ritz Carlton in Bangkok.Sorapoj Techakraisri, CEO of PACE Development, said: “This is the first time a Thai...
Continue Reading • 30 May 2013
Bangkok condo prices continue to rise
By Andrew Batt:Bangkok condominium prices are expected to continue their upward trend after new research revealed a 7.1 percent jump in average prices in the central business district during the first three months of this year.Knight Frank Thailand, in its latest report, noted that average...
Continue Reading • 29 May 2013
Central bank not pressured to cut rates
By Shabnam Muzammil: Despite renewed efforts by Finance Minister Kittiratt Na-Ranong to compel the Bank of Thailand (BOT) to slash its benchmark interest rate, the Monetary Policy Committee (MPC) is under no pressure to do so, BOT Governor Prasarn Trairatvorakul said.“All MPC...
Continue Reading • 28 May 2013
Show flat launch for The Alps
By Andrew Batt:The Alps, a luxury property development in Chiang Mai, celebrates the opening of its show flat this week.The project is being marketed as Thailand’s first integrated residential development and being built by Singapore developer Summit Global Developments.The project features...
Continue Reading • 27 May 2013