Condo developers eyeing Middle Eastern buyers
By Shabnam Muzammil: Property developers are eyeing buyers from the Middle East as their new customer target for luxury residential projects in Bangkok.“The investors from Middle East countries, who are not only Middle Eastern people but also foreign investors with business...
Continue Reading • 23 Apr 2013
More new condos in Bangkok: report
By Nikki De Guzman:Recent report from Colliers International Thailand revealed that about 16,000 condominium units were launched for sale in Bangkok in the first quarter of this year.Posting a sales rate of 62 percent, the top-selling locations were recorded in Sukhumvit, New Phetchaburi,...
Continue Reading • 23 Apr 2013
Low-cost homes still provided by Thai developers
By Nikki De Guzman:Despite the upward cost of labour, construction materials and land, developers in Thailand still able to offer affordable housing to the middle-income earners in the country, reported The Nation.According to Ballobh Kritayanavaj, Senior Vice President and Head of Research...
Continue Reading • 23 Apr 2013
Thailand to benefit as London property prices skyrocket
By Andrew Batt:Thailand’s property market could be set to benefit from the rise in London property prices.In an article published earlier this month by The Sunday Times in the United Kingdom, Robert Collins, Chief Executive Officer of Savills (Thailand) said: “Because London is now so...
Continue Reading • 22 Apr 2013
Property investments in provinces, key resort on the rise
By Nikki De Guzman:Investments flowing into provincial cities and key resort markets have significantly grown since the start of the year due to declining investment opportunities in Bangkok, according to Aliwassa Pathnadabutr, Managing Director at CB Richard Ellis (CBRE) Thailand.“As...
Continue Reading • 19 Apr 2013
Latest condo launches in the market
By Nikki De Guzman:A slew of new condominium developments are offered in the market, including Gaysorn Property’s 75 percent sold MODE Sukhumvit 61 development.With a target completion in June, the luxury condo offers units priced from THB5.6 million. The condo boasts new furniture...
Continue Reading • 19 Apr 2013
Developers rake in high presales in Q1
By Nikki De Guzman:Despite the Bank of Thailand’s (BOT) caution over a possible oversupply, listed property developers have seen presales figures improving in Q1, reported The Nation.For instance, a survey by The Nation revealed that Sansiri saw its presales grow significantly to Bt21...
Continue Reading • 19 Apr 2013
Private villas making it big in Thailand
By Shabnam Muzammil:Thailand’s private villa market is not always under the spotlight, but posh private residences on islands like Phuket and Koh Samui, are becoming popular with buyers. ...
Continue Reading • 18 Apr 2013
Swanky ocean-front home in Phang Nga goes for THB697m
By Shabnam Muzammil: A luxurious, four-bedroom villa at Natai Beach in southern Phang Nga province has been sold for a whopping US$24 million (THB697.39 million) to an unnamed Russian buyer.Named ‘Beyond Villa’, the ocean-facing property was formerly owned by California...
Continue Reading • 18 Apr 2013
Anti-bubble measures unnecessary
By Shabnam Muzammil: The Bank of Thailand (BOT) does not need to introduce new measures to rein in the property market as there are currently no signs of a property bubble, according to Jones Lang LaSalle (JLL).Suphin Mechuchep, Managing Director at JLL, said, “A real-estate...
Continue Reading • 17 Apr 2013
FDI to boost industrial property: report
By Shabnam Muzammil: The demand for industrial properties in Thailand this year is expected to be driven by foreign direct investment (FDI), noted a study by Knight Frank Thailand. Overseas investors continue to favour good logistics infrastructure, particularly...
Continue Reading • 17 Apr 2013
Property firms undeterred by possible measures
By Nikki Diane De Guzman: Thailand’s leading real estate players will continue to launch residential projects in accordance with their plan for this year, despite a potential glut in the market and possible anti-speculation measures from the central bank.This because property...
Continue Reading • 17 Apr 2013
Capital G offers 10-year investment guarantee
By Shabnam Muzammil: Capital G Development offers potential buyers an investment return guarantee of THB5,500 per month all through the existence of the contract, which could extend by up to 10 years. Capital G also offers to find tenants for buyers declining to...
Continue Reading • 11 Apr 2013
The Mall Group to spend 400m Baht for renovations
By Nikki Diane De Guzman: The Mall Group will spend THB400 million for the renovation of its retail shopping centres in Ngam Wong Wan, Bang Kapi and Bang Khae in Bangkok to become lifestyle entertainment shopping venues.The Bang Khae branch will be the top priority for renovation...
Continue Reading • 11 Apr 2013
Arab tycoon invests in Thailand's tallest tower
By Shabnam Muzammil: A businessman from the United Arab Emirates (UAE) has invested US$27.2 million (THB789.9 million) in a project to build Thailand’s tallest tower — the 77-storey MahaNakhon.Upon completion, the project will stand at a height of 314 metres. It will also...
Continue Reading • 10 Apr 2013
Central bank to reduce loan amount for second-home buyers
By Nikki De Guzman:In an effort to prevent a property bubble, the Bank of Thailand (BOT) has instructed commercial lenders to set strict rules for housing loans. It also plans to lower the loan-to-value (LTV) ratio for second-time buyers.Commercial lenders are currently required to maintain...
Continue Reading • 10 Apr 2013
Nearly THB30b in housing for Rangsit
By Shabnam Muzammil: Despite severe flooding in late-2011, Rangsit’s property market is flourishing again with many property firms unveiling 16,663 units of high-rise residential projects with a combined worth of nearly THB27.8 billion since October 2012, reported The Nation....
Continue Reading • 10 Apr 2013
Tilted building likely to be demolished
By Nikki De Guzman:Thai developer, Don Muang Grand Plaza, will likely demolish and rebuild its Pathum Thani residential project, as one of the two apartment blocks has tilted, reported The Bangkok Post.“There is an 80 percent chance that we will destroy the building and rebuild...
Continue Reading • 9 Apr 2013
Nai Thon Beach gets makeover
By Shabnam Muzammil: New developments have rejuvenated the Nai Thon beach, helping the area to shed its quiet and empty image. Among these latest developments is The Naithon, a 300-unit, six building condominium complex by property developer Phanason. Construction for the...
Continue Reading • 9 Apr 2013
Raimon Land to embark on more luxury projects
By Nikki De Guzman:After announcing its record financial results of 2012, property developer Raimon Land will continue to develop luxury property projects in Bangkok and resort destinations in Thailand.Last year, the company posted a net profit of THB496 million while its EBITDA reached its...
Continue Reading • 5 Apr 2013