Universal Group to launch 2nd project in Pattaya
By Shabnam Muzammil: After recently laying the cornerstone for its THB3 billion Seven Seas condo project, Universal Group announced that its second project in Pattaya, the Savanna Sands condominium, is expected to be launched by the end of 2013. Inspired by Africa’s...
Continue Reading • 5 Apr 2013
Eastern Europeans injected US$1.2b in Phuket: report
By Nikki De Guzman:Thailand’s robust tourism sector in 2012 was boosted by an influx of 1.6 million visitors from Eastern Europe, with Russians accounting comprising 82 percent of that figure, according to a report by consulting firm C9 Hotelworks.The market research revealed that the...
Continue Reading • 4 Apr 2013
Khao Yai popular for its homes: report
By Nikki De Guzman:Khao Yai continues to attract home buyers including businessmen, celebrities, politicians and retirees, according to a new report by Colliers International Thailand.“In the past two to three years, many residential projects were launched in Khao Yai, some of which...
Continue Reading • 4 Apr 2013
One-bedders dominate Hua Hin's condo supply
By Nikki De Guzman:Condominium supply in Hua Hin are comprised of two- to three-bedroom units during the past decade while majority of the existing units now are one-bedders priced under THB2 million, according to the latest report from Knight Frank Chartered (Thailand).“Most of the...
Continue Reading • 3 Apr 2013
Sena Development eyes boost from Bangkok mall
By Nikki De Guzman:Listed developer Sena Development Plc has unveiled 600million Baht Sena Fest, its first community mall located at Charoen Nakorn Road, Bangkok, that is poised to boost the developer’s revenue over the next few years. Nestled on over four-rai or 6,400 sq m of...
Continue Reading • 3 Apr 2013
Rising capital flows into property: report
By Shabnam Muzammil: Despite low projections for the global economy and property market, new capital available for direct real estate investment rose three percent to US$320 billion (THB9.4 trillion) compared to US$311 billion (THB9.1 trillion) six months ago, said a DTZ...
Continue Reading • 2 Apr 2013
Huge supply for Bangkok condo market
By Shabnam Muzammil:Over 10,000 condominium units worth almost Bt50 billion will be released from existing projects and new launches this year. In particular, there are nearly 50 new condominiums that have either been completed or are in early stage of construction near Bearing station,...
Continue Reading • 1 Apr 2013
Sansiri to develop luxury houses in Phuket
By Nikki De Guzman:Bangkok-based property developer Sansiri Development is building a new premium housing estate in Phuket aimed at local and overseas property buyers, reported The Phuket Insider.Burasiri Koh Kaew, which costs THB1 billion, offers single detached houses priced between THB5.9...
Continue Reading • 1 Apr 2013
Investor snaps up 224-unit tower
By Andrew Batt:Kingdom Property has sold its entire The Suites Tower in its twin-tower Southpoint Pattaya project to a Thai investor.The purchase of the 224-unit project represents approximately 30 percent of the saleable area of the 672 condominium project and is something of a coup for the...
Continue Reading • 27 Mar 2013
Sansiri targets international buyers
By The Phuket News:Listed property developer Sansiri has officially launched its latest project on Phuket, its first on a beach and its first “premium class” condo aimed at an international market.Baan Mai Khao, which will be built on 13.5 rai of beachfront land and cost around THB2.8...
Continue Reading • 27 Mar 2013
Phillips snaps up PhuketProperty
By Andrew Batt:Phuket-based real estate firm The Phillips Group has completed the purchase of PhuketProperty.com for an undisclosed sum.The portal, which was launched in 1998, will now be directly controlled by Phillips Property under a marketing arrangement with the company’s Singapore...
Continue Reading • 26 Mar 2013
Strong sales for AquaSamui
By Andrew Batt: A Koh Samui boutique property development has seen sales of 10 units within just two months of the launch.AquaSamui, developed by Luxury Living Asia (LLA), features 11 private pool villas and is designed by award-winning architect Gary Fell of Gfab. Fell was the recipient of the...
Continue Reading • 26 Mar 2013
Big wins for PropertyGuru Group
By Nikki De Guzman: PropertyGuru, Asia’s leading property portal, won awards for Best Mobile App by Media Owner and Best Informative Use of Mobile at Marketing Magazine’s first Mob-Ex Awards in Singapore last Thursday. The website also was runner-up for Best Mobile Advertising...
Continue Reading • 26 Mar 2013
Upsurge in Thailand potential
By Andrew Batt: Investment potential in Thailand has seen a dramatic upsurge according to a leading global property investment company.Knight Knox International has identified how ambitious infrastructural plans have resulted in a pioneering upsurge in Thailand's investment potential, and the...
Continue Reading • 26 Mar 2013
Hong Kong top for price growth
By Andrew Batt:Hong Kong lead the world in house price growth during 2012 according to the latest Knight Frank Global House Price Index which was published yesterday.Mainstream property prices in Hong Kong rose on average by 23.6 percent during 2012. With supply lagging, demand from mainland...
Continue Reading • 20 Mar 2013
Monthly drop in overseas demand
By Andrew Batt:EXCLUSIVE: Overseas demand for Thailand property dipped during February although overall interest is up year-on-year according to the monthly Top of the Props report published by a leading UK property portal.After a strong showing in the previous three months, Thailand dropped five...
Continue Reading • 13 Mar 2013
Bangkok is "hot" says analyst
By Andrew Batt:Property investments in Bangkok, especially those located in the central business district, was described as “hot” during a press conference in Singapore yesterday.Nicholas Holt (pictured), Research Director Asia Pacific for Knight Frank, was speaking at the Singapore...
Continue Reading • 12 Mar 2013
Second home buyers driving demand in Hua Hin, Cha-am and Pranburi
By Andrew Batt:Bangkok residents seeking holiday homes are driving a surge in demand for properties in Hua Hin, Cha-am and Pranburi.New research from Colliers International revealed that the property markets in Hua Hin, Cha-am and Pranburi continue to grow, fuelled mainly by people from Bangkok...
Continue Reading • 8 Mar 2013
Condomania hits Chiang Mai
By Andrew Batt:More than 3,000 condominiums were launched in the northern Thai city of Chiang Mai during the five months ending Febraury 2013, with a take-up rate of 72 percent according to research from Thailand’s Real Estate Information Center.The majority of the units were priced between...
Continue Reading • 8 Mar 2013
Bangkok property price rises among highest globally
By Andrew Batt:Property prices in Bangkok grew by 9.4 percent in 2012, ranking the city inside the top 15 of global cities ranked by price growth.The news comes in Knight Frank’s annual Wealth Report, published yesterday, in which Bangkok was placed in 14th place in the Prime International...
Continue Reading • 7 Mar 2013