Troubled Istana 'to restart very soon'
One of Thailand’s ritziest property developments, Istana, which appeared to be going the same way as the now abandoned Puravana and Barama Bay projects, is being pulled back from the brink, its new Managing Director, Michael Brereton, says.When Istana was launched on a 61-rai hillside site...
Continue Reading • 10 Jul 2012
Stunning Singapore sales for The Crest
By Andrew Batt: EXCLUSIVE: Thai listed developer SC Asset sold an incredibly 52 units at The Crest Sukhumvit 34 during its global launch in Singapore last weekend, underlining the substantial interest in Thailand properties from Singaporean buyers.The 28-storey freehold condominium, which will...
Continue Reading • 10 Jul 2012
Open house event for Mahanakorn
By Andrew Batt: Pace Development is targeting THB 300 million in sales for its super luxury Mahanakorn development at an Open House event, being held in association with SCB Bank and CBRE Thailand on 14-15 July.Sorapoj Techakraisri, Chief Executive Officer of PACE Development, said: “This...
Continue Reading • 9 Jul 2012
Work starts on Ideo Mobi Sathorn
Foundation work for Ideo Mobi Sathorn, the Westcon-designed development with a “Living out of the box” concept have started, with Chanond Ruangkritya, President and CEO of developer Ananda Development, laying the first stone (pictured).The project is located on a two-rai plot of land...
Continue Reading • 9 Jul 2012
Pattaya's Serenity scores early sales
By Andrew Batt: Serenity – Wong Amat, the latest development from the award-winning and prolific Nova Group, has seen sales of 10 percent is its first week of presales – underlining the popularity of property in Pattaya.The eight-storey project, dubbed 'The 8th Wonder of the Modern...
Continue Reading • 9 Jul 2012
Big names sign up for awards
By Andrew Batt:Singapore’s Far East Organization and Malaysia’s Sunway Integrated Properties have signed up as industry sponsors for the South East Asia Property Awards 2012.“Far East Organization is delighted to sponsor this year’s South East Asia Property Awards, which...
Continue Reading • 8 Jul 2012
Raimon Land records THB 300 million sales
Luxury property developer Raimon Land enjoyed resounding success in its "I Love Raimon Land" sales event at Mega Bangna last weekend, recording a haul of more than THB 300 million worth of sales in less than 48 hours.The River, a freehold residential complex along the Chao Phraya river,...
Continue Reading • 6 Jul 2012
Property expo picks Phuket
By Andrew Batt:One of Asia’s leading and most successful property exhibition brands will be holding its first event in Thailand later this year.Since 2004, more than 20 SMART International Property and Investment exhibitions have been held in Singapore, Hong Kong and Kuala Lumpur. The Royal...
Continue Reading • 5 Jul 2012
Guide taps Scandinavian property boom
By Andrew Batt:On the back of increasing demand from Scandinavian property buyers and investors, the Thai-Swedish Chamber of Commerce will be publishing a new edition of its Thai Property Guide later this year.Kenneth Radencrantz, President of the Thai-Swedish Chamber of Commerce, said:...
Continue Reading • 4 Jul 2012
One-bedders dominate in Chiang Mai
According to the recently published Colliers Chiang Mai Condominium Report, 72 percent of condominiums in Thailand’s second city are one-bedroom units, while the average selling price in the city is THB 34,160 per sqm.Statistics from the Department of Land published in report noted there...
Continue Reading • 4 Jul 2012
Bangkok's Exchange Tower gains first BCA Gold Mark for Thailand
By Andrew Batt: Bangkok’s Exchange Tower recently became the first building in Thailand to receive a BCA Green Mark Gold Certification.The Grade A office and retail development at the junctions of Sukhumvit and Asoke-Ratchadapisek which is managed by CBRE, gained the Building Construction...
Continue Reading • 3 Jul 2012
Phuket risks losing out to regional neighbours
Phuket risks losing investment over the next few years to emerging countries such as Vietnam and possibly Myanmar, officials were warned yesterday.In a meeting chaired by Vice-Governor Dr. Sommai Preechasin to discuss the impact of the THB 300 minimum day wage, the former President of the Phuket...
Continue Reading • 3 Jul 2012
CBRE courts Russians and Japanese
CBRE Thailand has launched two new micro-websites in Russian and Japanese to cater to the growing number of non-English property buyers and investors who are searching for property in Thailand.The www.thailandhouse.com.ru website features residential properties for sale in Pattaya, Bangkok,...
Continue Reading • 3 Jul 2012
Financing for Southpoint Pattaya
Southpoint Pattaya, Kingdom Property's first condominium development in Pattaya, has taken a major step forward following the securing of project financing from Krung Thai Bank. The new THB 2 billion condominium development will take shape on a four-rai freehold plot In the Pratumnak area and...
Continue Reading • 3 Jul 2012
Successful sales for Sansiri's The Base
The Base Downtown Phuket, Sansiri’s new 800-million-baht condominium project which was launched for presales last weekend, has sold more than 60 percent of its 311 units during the first three days.Buyers have mostly come from Thais working in the tourism industry on the resort...
Continue Reading • 2 Jul 2012
Draconian land laws proposed
Thailand’s Ombudsman and Auditor-General Siracha Charoenpanij has revealed he is drafting new laws aimed at protecting the Kingdom from illegal foreign nominee ownership of land, with harsh penalties for offenders including deportation for any foreigners found guilty of illegal ownership...
Continue Reading • 29 Jun 2012
Sansiri debuts latest Phuket condo
By Andrew Batt: Presales at The Base Downtown, Sansiri’s latest condominium development on the island of Phuket, begin today. Prices for one- and two-bedroom units at the project which is located opposite the Central Festival shopping centre, start at THB 1.9 million.The listed developer is...
Continue Reading • 29 Jun 2012
Supercars converge on St Regis Residences
Fifteen of the world’s top cars cruised into the centre of Bangkok recently for a meeting of owners at the prestigious St Regis Residences.The star of the show was the Lamborghini Aventador, one of the world’s most sought-after supercars. Currently there is only one of its kind in...
Continue Reading • 29 Jun 2012
Top rates for Park Ventures Ecoplex
By Andrew Batt: Park Ventures Ecoplex, a Grade A office and retail development, has upped its asking rental rates to THB 900 baht per sqm per month - the highest rental rates in the Thai capital.More than 70 percent of the office space has been leased, with the tenant mix being a combination of...
Continue Reading • 28 Jun 2012
IDEC picks Hemaraj for new factory
IDEC Asia (Thailand), a manufacturer of industrial automation and control devices, has signed a contract with Hemaraj Land And Development Plc to purchase 10 rai of land for its new factory in Hemaraj Saraburi Industrial Land (Hemaraj SIL). Scheduled to complete construction in March 2013, the...
Continue Reading • 28 Jun 2012