Space secured for Korean Culture Centre
By Andrew Batt:CBRE Thailand has successfully secured approximately 1,400 sqm of space at a 3-storey standalone retail building on Sukhumvit Soi 15 for the establishment of the first Korean Culture and Studies Centre in Thailand.The Korean Cultural Centre and Korean Studies Centre aims to...
Continue Reading • 26 Sep 2012
Sansiri sells 546 units in 90 minutes
By Andrew Batt: Property developer Sansiri has reported selling all 546 units at its latest project within just 90 minutes.The company has revealed how it has generated THB 960 million from sales at its dCondo Campus Resort project in the northern Thai city of Chiang Mai during just one and a...
Continue Reading • 25 Sep 2012
Savills opens Pattaya office
By Andrew Batt:International property services company Savills has opened its first office in Pattaya.Robert Collins, Chief Executive Officer of Savills Thailand, said: “Savills are already the largest international real estate service provider in Pattaya due to our Property Management...
Continue Reading • 25 Sep 2012
Property showcase details revealed
By Andrew Batt: DDproperty.com has announced details of its next property showcase, which will take place at Bangkok’s Central Ladprao shopping mall between October 4 and October 10.Jedsadakorn Na Lamphun, Country Manager, said, “The DDproperty Showcase gives prospective buyers the...
Continue Reading • 25 Sep 2012
Opportunities and challenges of the ASEAN single market
With the ambitious target of implementing the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) by 2015, the opportunities for corporate occupiers and real estate investors across an enlarged single market of some 600 million people look promising. In his latest publication,...
Continue Reading • 21 Sep 2012
Thai developers look to China
By Andrew Batt: Property developers from Thailand will be targeting Chinese property buyers and investors at the Beijing International Property Exhibition which starts today.Bangkok’s Magnolia Ratchadamri Boulevard and the Royal Phuket Marina are just two projects that will be showcased at...
Continue Reading • 20 Sep 2012
Empire Tower renovation works begin
By Andrew Batt:Renovation works are set to start tomorrow at Bangkok’s Empire Tower - and are expected to last 16 months.The 62 storey 227-metre office tower is the sixth tallest building in Thailand, and the work will provide a walkway to both the BTS and BRT stations. Improvements to the...
Continue Reading • 19 Sep 2012
Drop in new launches but not in number of units
By Andrew Batt:The number of new property launches in Thailand during the first eight months of 2012 dropped 20 percent on the same period last year, however there was a 0.01 percent rise in the number of units coming to market.Data from the Agency for Real Estate Affairs noted that 64,450 units...
Continue Reading • 19 Sep 2012
BTS in THB 3.6 billion Phuket land sale
By The Phuket News: Thailand’s publicly listed BTS has announced that its subsidiary, Bangkok Mass Transit System Public Co Ltd (BMTS), has sold a massive 455-rai piece of land in Kamala.Phuket property commentator Bill Barnett, in his thephuketinsider.com blog, reported that the sale was...
Continue Reading • 18 Sep 2012
SCB agrees Incio finance deal
By Andrew Batt:Siam Commercial Bank has agreed a THB 337 million finance deal with Hihero Co. for the development of the Incio condominium project.Located off Serithai Road in Buengkum, Incoi will comprise five 8-storey buildings and one 5-storey residential buildings that will include fitness...
Continue Reading • 18 Sep 2012
Brighter future for flooded factories
By Andrew Batt:More than one quarter of factories that were flooded in last year’s floods have yet to restart operations, however Knight Frank Thailand remains upbeat about the future of the country’s industrial estates.Marcus Burtenshaw, Directior of Commercial Agency, said:...
Continue Reading • 17 Sep 2012
Khun Jed takes the helm at DDProperty
By Andrew Batt: DDproperty.com, Thailand’s number one property website and part of the PropertyGuru Group, Asia’s leading property Portal group, has appointed Jedsadakorn Na Lamphunas as Thailand Country Manager.Khun Jed brings 24 years of sales, marketing and general management...
Continue Reading • 17 Sep 2012
Positive outlook for Thai property in 2013
By Andrew Batt: The Thai property sector in 2013 will be driven by strong backlogs and higher new housing registrations for condominiums, according to research published yesterday by a leading brokerage house.Maybank Kim Eng Securities said: "New house launches are expected to increase...
Continue Reading • 14 Sep 2012
Thailand Property Awards shortlist revealed
By Andrew Batt:The shortlist for this year’s Thailand Property Awards has been announced.Ensign Media, the organisers of the event which is now in its seventh year, revealed that the judging panel has made its final decisions based on the judging criteria and inspections by specialist teams...
Continue Reading • 13 Sep 2012
Works starts at Ideo Mobi Phayathai
By Andrew Batt:Work has commenced on the IDEA Mobi Phayathai, a 330-unit project by Ananda Development close to the BTS Phayathai station.Chanond Ruangkritya, President and CEO of the developer (pictured 3rd from right) and his family laid the main post to begin the construction. The project is...
Continue Reading • 13 Sep 2012
Southpoint reveals significant investor interest
By Andrew Batt:Kingdom Property, the company headed by former Raimon Land boss Nigel Cornick, has launched its first project in Pattaya with news of significant investor interest.“We are already very close to selling the whole of the smaller tower to a single Thai investor which will be...
Continue Reading • 12 Sep 2012
OPINION: Inhuman or a new city living trend: you decide
By Andrew Batt:In some parts of Southeast Asia they’ve been described as “almost inhuman” yet elsewhere they’re being marketed as “a new trend for city living”. Shoebox units, micro units, - however you know them – smaller-sized condominium units are here...
Continue Reading • 12 Sep 2012
Bhiraj Tower appoints CBRE Thailand
By Andrew Batt:Bhiraj Buri Group has announced the appointment of CBRE Thailand as its sole office leasing agent for Bhiraj Tower, Bangkok’s latest grade A office development. Located on the main Sukhumvit Road, opposite the Emporium department store, Bhiraj Tower will have a direct covered...
Continue Reading • 11 Sep 2012
Bangkok Serviced Apartments facing increasing competition
By Andrew Batt:Bangkok’s serviced apartment sector is facing increasing competition, with the number of new units being built falling every year since 2009.In its latest Bangkok Serviced Apartment Market Report, Colliers Thailand International noted that fewer Serviced Apartments came onto...
Continue Reading • 11 Sep 2012
British buyers take a look at SE Asia
By Andrew Batt:Properties from Thailand, Malaysia, the Philippines and Cambodia will be flying the flag for Southeast Asia at a major British overseas property exhibition later this month.A Place in the Sun Live is the largest overseas property exhibition in the U.K. It takes place in the English...
Continue Reading • 10 Sep 2012