Bangkok office market sees increasing demand
By Andrew Batt:Thailand’s office market saw an increase in net take up during Q2 2012 at a time when challenging macroeconomic conditions in Asia Pacific resulted in a slowdown in the region’s office rent growth.Commenting on the decline, Mark Lampard, Managing Director of Corporate...
Continue Reading • 7 Sep 2012
Pattaya property buyers beware
By Andrew Batt: Pattaya property buyers and investors have been urged to exercise caution as some developers in the Gulf of Thailand city are struggling to get their projects off the ground.In its Thailand Condominium Focus report, listed developer Raimon Land noted that construction of 3,258...
Continue Reading • 7 Sep 2012
Single detached home prices decline
By Romesh Navaratnarajah and Andrew Batt: The prices of single detached homes in Thailand fell 3.59 percent in the year ending Q2 2012, as residential markets across Southeast Asia start to feel the impact of the global economic slowdown.These are the findings of research conducted by consumer...
Continue Reading • 6 Sep 2012
Bouygues-Thai to build Thailand's tallest tower
By Andrew Batt:The THB 19 billion contract to build MahaNakorn, which at 77-storeys and 314 metres will be Thailand’s tallest buiilding, has been awarded to Bouygues-Thai. Sorapoj Techakraisri, Chief Executive Officer of developers Pace Development, said: “We chose a...
Continue Reading • 5 Sep 2012
La Colline demolishes encroaching structures
By The Phuket News: Following visits from the team led by Damrong ‘the Demolisher’ Pidech, La Colline Villa Development Co is reported to have demolished temporary structures on land thought to be outside the boundaries of the project and inside the Sirinart Marine National Park.Park...
Continue Reading • 4 Sep 2012
Condomania set to hit Hua Hin
By Andrew Batt:Hua Hin is set to see more than THB 10 billion worth of new condominium launches during the first quarter on this year.Sansiri is set to debut three developments worth THB 2.6 billion, while Baan Ratchaprasong will launch the second phase of its Energy Hua Hin project during...
Continue Reading • 4 Sep 2012
Hemaraj signs land deal
By Andrew Batt: Hemaraj Land and Development has signed a contract with Hi-Tech Kabin Logistics Corp. to purchase 55 rai or land, initially in Hi-Tech Kabin Industrial Park. The Hemaraj Ready-Built Factory Park 1 @ Hi-Tech Kabin project is the first step to expand factory rental business to serve...
Continue Reading • 3 Sep 2012
Bangkok gets new 45-storey office tower
By Andrew Batt:Bangkok is set to get a new grade-A mixed office development on the back of continuing improvement in demand for office space in the Thai capital.Situated on Sukhumvit Road opposite the Emporium department store, Bhiraj Tower is a 45-storey building with a total lettable area of...
Continue Reading • 3 Sep 2012
KTB to hold NPA property auction
By Andrew Batt: Krung Thai Bank will hold an auction of some of its NPA (non-performing asset) properties in Bangkok at the end of September.The event, titled ‘Big Lot’ will require the submission of sealed bids with no minimum prices. Properties from across Thailand are set to come...
Continue Reading • 31 Aug 2012
Asia Pacific investment rebounds as leasing moderates
By Andrew Batt:Despite global headwinds and a challenging global economic environment, strong investment volumes in the Asia Pacific property market point to signs of resilience, however, a slowdown in leasing activity points suggests that the region is not completely immune.According to the...
Continue Reading • 31 Aug 2012
Mode launches promotional campaign
MODE Sukhumvit 61, a high-end condominium development by Gaysorn Property, has partnered with Central Credit Card to provide an exclusive offer to holders of the Central credit card,Cardholders who sign a contract for one of the 54.5 sqm, one-bedroom units will be entitled to a promotional...
Continue Reading • 31 Aug 2012
Bangkok office and retail sectors to lead Asian investment interest
By Andrew Batt: Real estate investment house Pacific Star Group is predicting that the retail and office sectors in Bangkok will be at the forefront of driving interest in Asian real estate investment.In its biannual Asian Property Outlook and Strategy report published today, the company said...
Continue Reading • 29 Aug 2012
China expansion for RE/MAX agency
By Andrew Batt: After opening in Thailand and the Philippines earlier this year, real estate agency RE/MAX has sold the franchise rights for China including the Mainland, Hong Kong and Macau, raising its overall country count to more than 85.The new RE/MAX China ownership group is based in Hong...
Continue Reading • 29 Aug 2012
Construction deal signed for Summer Garden
By Andrew Batt:Winsome Co., Ltd, the developer of the new Summer Garden condominium on Chaengwattana Road in Bangkok, have signed a construction contract with contractors Siamchercon Co., Ltd. and Thanya Building Co., Ltd.Summer Garden is being developed under the ‘Serene Garden...
Continue Reading • 29 Aug 2012
Growth reported in Cha Am, Hua Hin and Pranburi
By Andrew Batt:The resort residential property markets of Cha Am, Hua Hin and Pranburi showed good signs of growth during the first half of 2012, according to a new report from Colliers International Thailand.Surachet Kongcheep, Senior Manager of Colliers International Thailand’s Research...
Continue Reading • 28 Aug 2012
Luxury villa investigated for 'encroachment'
A huge villa on the island of Phuket where supermodel Kate Moss reportedly once stayed, is being investigated on suspicion that it encroaches on the Sirinart Marine National Park.It has been added to the list of places being investigated by the Department of National Parks, Wildlife and Plant...
Continue Reading • 28 Aug 2012
Inspirato adds Thailand to its luxury portfolio
By Andrew Batt: United States-based luxury destination club Inspirato has announced it is adding properties in the Maldives and Thailand to its global vacation portfolio, representing the club’s first venture into Asia.The offerings in Thailand include a 2,800-sq ft ocean-view villa and a...
Continue Reading • 24 Aug 2012
Thais, companies buying high-end homes
By Andrew Batt: Luxury property developer Minor International has reported sales of more than THB 1.15 billion at its prime residences in Bangkok, Chiang Mai and Koh Samui for the first six months of 2012.In Bangkok, units at the Residences at St. Regis (pictured) have sold extremely well with 41...
Continue Reading • 23 Aug 2012
Bangkok property in Voque for Singaporeans
EXCLUSIVE: By Andrew Batt Strong Singaporean interest in Bangkok property was again highlighted last weekend when Voque Condominium, located in Sukhumvit Soi 16, was exhibited in the city state.William Loke, Managing Director of Singapore real estate agency Trillion Property, told DDPRoperty.com:...
Continue Reading • 23 Aug 2012
Ling Long picks Hemeraj
Ling Long Tyres (Thailand), one of the world’s top 20 tyre manufacturers, has signed a contract to purchase 306.32 rai (112.53 acres) of land in the Hemaraj Eastern Seaboard Industrial Estate.The Chinese company will use the land in Thailand’s Rayong province to construct a new...
Continue Reading • 22 Aug 2012