Myanmar investments to become challenging for Thais in 2015
By Nikki De Guzman:A new study found that Thai businessmen might now find it more challenging to invest in Myanmar because of concerns over increasing land and labour costs.Conducted by the University of the Thai Chamber of Commerce's Centre for International Trade Studies (CITS), the study...
Continue Reading • 8 May 2013
London developers target Thais
By Andrew Batt:Thai property buyers will get two chances to learn more about some of London’s iconic new property developments at exhibitions in Bangkok this weekend.As predicted by many market watchers, including DDproperty, Thais were set to become increasingly within the sights of...
Continue Reading • 8 May 2013
Special offers at Home and Condo Show
By Nikki De Guzman:A Home and Condo Show set to kick off this Thursday at the Queen Sirikit National Convention Centre. The show will offer home buyers a wide choice of homes that come with special promo offers, reported The Nation.The event which will run from Thursday to Sunday is jointly...
Continue Reading • 7 May 2013
New city plan to build greener Bangkok
By Nikki De Guzman:To promote the construction of green buildings in line with the guidelines set by the Thai Green Building Institute, Bangkok has approved its new city plan, “Bangkok, the Green City”, which will permit developers of green buildings to increase their floor-area...
Continue Reading • 3 May 2013
Cabinet approves new Bangkok City green plan
By Nikki De Guzman:Cabinet has approved a new Bangkok City plan last Tuesday which will replace the one used since 2006 that is due to expire on 15 May. The new plan is deemed to open up new areas for development adjacent the mass-transit routes, according to property industry...
Continue Reading • 2 May 2013
Increase in Phuket villa sales
By Andrew Batt:Phuket’s villa market continued to improve this year, according to the latest research published by CBRE Thailand.A total of 62 villas were sold in the last three months of 2012 compared to the 54 which were transacted during the previous quarter.Most transactions – 43...
Continue Reading • 2 May 2013
Bangkok luxury condo sector dominated by Asian buyers
By Andrew Batt:Buyers from Singapore, Hong Kong, China, South Korea and Japan have replaced Europeans as the top purchasers of luxury condominiums in Bangkok.The sector is currently experiencing strong demand, highlighted by the 26.1 percent year-on-year growth in prime property prices as at the...
Continue Reading • 30 Apr 2013
More condos for Khao Yai
By Nikki De Guzman:More condominium units have begun to emerge in Khao Yai in the past five years as an increasing number of buyers are looking for condominium properties in the area, according to Colliers International Thailand.Overall, about 350 condo units were completed and registered at...
Continue Reading • 30 Apr 2013
CPN bids for Wireless Rd plot
By Shabnam Muzammil: Central Pattana Plc (CPN) will bid to develop a retail complex on 88 rai of land located on the corner of Wireless and Rama IV roads, owned by the Crown Property Bureau (CPB). CPN is currently working on the details of the proposed project to be...
Continue Reading • 30 Apr 2013
Bangkok prime property prices rise second fastest globally
By Andrew Batt:Prices of prime luxury property in Bangkok rose 26.1 percent year-on-year in the first quarter of the year - the second highest rise of the 29 cities tracked in Knight Frank’s Prime Global Cities Index report.Jakarta – with a 38.1 percent annual rise – led the...
Continue Reading • 29 Apr 2013
Strong interest in Thai property from Singapore buyers and investors
By Andrew Batt:Thailand was attracting strong interest from Singaporeans at property exhibitions in the city state last weekend.“Bangkok is booming,” said Edwin Soon, Sales and Marketing Director for ECG whose agency was marketing developments from Fragrant Group, including Circle 11...
Continue Reading • 29 Apr 2013
Banks maintain tighter rein on property loans
By Shabnam Muzammil: With the continuous increase of property prices in some areas, the Bank of Thailand instructed commercial banks to maintain their mortgage loan standards while avoiding loan competition, according to its governor Prasarn Trairatvorakul. Commercial banks have...
Continue Reading • 26 Apr 2013
Property market not affected by Baht appreciation
By Nikki De Guzman:Despite Baht appreciation and the shift in buyer behaviour towards ultra-luxury developments, the overall property market has witnessed no decline.According to Sorapoj Techakraisri, Chief Executive Officer at Pace Development Corporation, most of their customers...
Continue Reading • 26 Apr 2013
Asian Property records THB3.8b presales in Q1
By Nikki De Guzman:Asian Property Development saw robust demand for townhouses and detached houses for Q1 2013, boosting the company’s presales to THB3.8 billion, up five percent over its THB3.6 billion target.Low-rise homes make up 54 percent of the company’s presales for the...
Continue Reading • 25 Apr 2013
BAM slams housing bubble rumours
By Nikki De Guzman:Bangkok Commercial Asset Management Co., Ltd. (BAM) has confirmed that there are no signs of property bubble, citing low Nonperforming Loans (NPLs) at two percent and stricter loan rules by banks.In Q1 2013, the real estate sector witnessed continuous growth, surpassing...
Continue Reading • 25 Apr 2013
Asia's best island getaway is Koh Tao
By Nikki De Guzman:Thailand’s Koh Tao was named as Asia’s best island for tourists and the world’s number eight at TripAdvisor’s inaugural Travellers’ Choice Islands awards.The 21-sq km island situated at the Central Gulf Coast of Southern Thailand, emerged as...
Continue Reading • 24 Apr 2013
Estate Master launches Rawai mid-range project
By Nikki De Guzman:Estate Master has launched Ka Villa, a low- to mid-range sea-view development on a 7.5 rai of land near Laem Kai in Rawai, Phuket, on 4 April.Ka Villa comprises 36 two- to four-bedroom homes with pools at a price ranging from THB7.4 million to THB10.5 million. The project...
Continue Reading • 24 Apr 2013
PropertyGuru launches Luxury Gallery
By Romesh Navaratnarajah: PropertyGuru, Asia’s leading property portal, has joined forces with Singapore developer Far East Organization to launch an online gallery showcasing some of the most luxurious residential developments in Singapore.Catering mainly to affluent buyers...
Continue Reading • 24 Apr 2013
Property curbs not yet necessary: JLL
By Nikki De Guzman:The central bank recently instructed commercial lenders to be more cautious when lending to borrowers who would invest in houses for speculative purposes, reported The Phuket Gazette.Although the Bank of Thailand’s (BOT) move is reasonable considering that easy...
Continue Reading • 23 Apr 2013
No supply glut at Up-country markets: AREA
By Nikki De Guzman:Thailand’s up-country condo markets — Pattaya, Phuket, Khon Kaen and Chiang Mai as well as the coastal stretch from Hua Hin to Cha-am — are not facing a supply glut, according to Sopon Pornchokchai, Head of the Agency for Real Estate Affairs (AREA). This...
Continue Reading • 23 Apr 2013