The Estates to launch in Bangkok
Presales will begin next week (May 19-20) at The Estates @ Thapra (pictured), a new eight-storey low-rise condominium development in Bangkok.The 185-unit project is located on the Thonburi side of the city and is close to a planned MRT station on Charansanitwong Road. Prices, which will...
Continue Reading • 24 Jun 2012
Foreign developers flock to Asia
By Romesh Navaratnarajah:Overseas property developers are showing more interest in Asia, especially Singapore, in a move to boost their sales on the back of weak demand in their local markets.According to The Straits Times, foreign developers are looking to attract wealthy Asian investors who are...
Continue Reading • 24 Jun 2012
Phuket lures Singaporean buyers
By Andrew Batt: Singaporean property buyers were snapping up holiday homes in Phuket, Thailand, during the first quarter of the year according to newly released research from Knight Frank Thailand.Singaporeans, alongside Russians, were noted to be increasing their property buying activities on...
Continue Reading • 24 Jun 2012
Bangkok land plot goes under the hammer
By Andrew Batt:A significant plot of land in the heart of the commercial district of central Bangkok will be sold by auction in August.CBRE Thailand has been appointed to sell the rare prime freehold site which is located on Silom Road close to its junction with Narathiwas Ratchanakarin Road. It...
Continue Reading • 24 Jun 2012
Illegal workers nabbed in Bangkok condo raid
By Andrew Batt:Thai authorities rounded up 110 illegal workers during a raid on a Bangkok condominium construction site late last week.Immigration and special branch police officers joined officials from the Department of Labour during the crackdown at the site of the TC Green Condominium...
Continue Reading • 24 Jun 2012
Bangkok developers target Phuket
By Andrew Batt: The rise of low-end condos built in Phuket by major Bangkok developers has continued with the recent launch of Supalai Park (pictured) in Phuket Town.The 15-floor complex on just over six rai (9,600 sqm) on Nakorn Road will have 504 starter-size condos ranging in size from 32 to...
Continue Reading • 24 Jun 2012
CBRE launches Singapore International valuations team
Real estate consultancy CBRE Group will launch an international valuation team in Singapore in a bid to expand its global corporate services business in Singapore and the rest of Asia.Singapore is considered an ideal place given its central geographic location and strong economy. With the...
Continue Reading • 24 Jun 2012
Asian buyers beware, say London agents
Asian property buyers and investors have been urged to be cautious when buying property in London amid on-going concerns they are sometimes paying too much for homes in undesirable locations.Buyers from Southeast Asia are currently responsible for more than 40 percent of off-plan purchases in...
Continue Reading • 24 Jun 2012
Beachfront sell-out at W Samui
All beachfront homes at The Residences at W Retreat Koh Samui have been sold out, reflecting the strong interest for units there.“The demand for The Residences at the W Retreat Koh Samui has greatly exceeded expectations with the sale of all the Beachfront Residences,” said Sunny...
Continue Reading • 24 Jun 2012
Asia Pacific's luxury market cooling
n the Asia Pacific region rose by only 0.2 percent in the fourth quarter, according to the latest Asia Pacific Residential Index released by Jones Lang LaSalle (JLL).The property consultancy said Bangkok, Beijing, Mumbai and Jakarta recorded an increase in capital values during the period. Prices...
Continue Reading • 24 Jun 2012
Prices up for Bangkok luxury condominimums
Prices of luxury condominiums in central Bangkok rose by 11.5 percent during 2011, according to the country’s Agency for Real Estate Affairs (AREA).A survey last month noted average prices now stand at THB 145,000 per sq m (S$5,804 per sq m) at developments in the Ploenchit, Chidlom,...
Continue Reading • 24 Jun 2012
Content deal inked with Reidin.com
Asia’s leading property portal, PropertyGuru.com, has signed an editorial content sharing agreement with premier real estate information company on emerging markets, REIDIN.com, to educate influential property investors around the world. Under the agreement, PropertyGuru and...
Continue Reading • 24 Jun 2012
BTS station removal to impact property sector
EXCLUSIVE: Bangkok property buyers and developers are likely to feel the impact from last week’s confirmation from the Bangkok Metropolitan Authority (BMA) that the Saphan Taksin skytrain station is set to close.One recent buyer of a riverside unit in the Thai capital told PropertyGuru:...
Continue Reading • 23 Jun 2012
Asians pay more claim is ridiculed
By Andrew BattEXCLUSIVE: Claims that Asian buyers and investors are overpaying for their London property purchases have been ridiculed by agents and developers in Singapore.The Financial Times reported comments from a London property sourcing agent who claimed that property buyers from Asia who...
Continue Reading • 23 Jun 2012
London listing for feng shui firm
By Andrew Batt Singapore-based Feng Shui consultancy firm New Trend Lifestyle Group has announced plans to list on London’s Alternative Investment Market (AIM).Media reported that the seven-year-old company, formerly known as Yuan Zhong Siu Services Pte Ltd, plans to raise £1.5...
Continue Reading • 23 Jun 2012
PropertyGuru secures S$60m investment
By Romesh NavaratnarajahPropertyGuru, Asia`s leading property portal group, has received a S$60 million (THB1.5 billion) strategic investment from ImmobilienScout24, one of the top three property portals in the world and a subsidiary of Deutsche Telekom. Considered the largest online deal...
Continue Reading • 23 Jun 2012
ASEAN must do more to tackle foreign ownership laws
ASEAN countries must do more to tackle foreign property ownership laws or risk losing out to regional counterparts where the buying process is less onerous.Those were the words of Suphin Mechuchep, Managing Director of Jones Lang LaSalle Thailand, who spoke at the recent World Economic Forum in...
Continue Reading • 23 Jun 2012
Thai buyers tempted by London
By Andrew Batt EXCLUSIVE: Thai property buyers and investors are being tempted by London properties in ever increasing numbers. London property exhibitions, which take place almost every weekend in Singapore, Kuala Lumpur and Hong Kong, have so far been a relatively rare sight in Bangkok. But as...
Continue Reading • 23 Jun 2012
Treasure Island up for grabs
By Andrew Batt For the price of a beachfront property in Phuket you could be the new owner of Isla de Coco, a 24.8 acre private island in the Pacific Ocean.The storybook island, part of the country of Panama, is surrounded by tropical waters and boasts fine sandy beaches, dense vegetation, rocks,...
Continue Reading • 21 Jun 2012
Developers display caution: Report
By Andrew BattThailand’s property market has seen developers slowing their acquisitions of low-rise housing development in areas which were submerged during last year’s floods.The Q1 2012 Thailand Investment Market View report, published by CBRE Thailand, noted that developers have...
Continue Reading • 21 Jun 2012