Stone laid at iconic waterfront project
Country Group Development has laid the first stone for its mixed-use waterfront project on Bangkok’s Charoenkrung Road in Sathorn district.The THB11.6 billion financial framework deal was signed between China’s EXIM Bank, who will fund the project, and the joint-venture agreement with...
Continue Reading • 24 Jun 2014
Samui: A niche worth watching
Koh Samui is the country’s second most popular island for tourism after Phuket. Although the property market on Samui is still in its infancy compared with its counterpart in the Andaman, the villa market on the island is interesting.As of the first quarter of this year, there were 420...
Continue Reading • 24 Jun 2014
Bang Sue is new property hotspot
Bang Sue has been identified as a residential property hotspot in a new report.Knight Frank’s Asia-Pacific Residential Review report has revealed how the northern Bangkok suburb is set to become a large terminal where many mass transit lines will intersect. The station, which is...
Continue Reading • 20 Jun 2014
Confidence returns to resorts
Confidence levels among property buyers in Thailand’s resort markets have returned following May’s coup, according to real estate firm Colliers International Thailand.Sunchai Kooakachai, Associate Director, noted that a recovery in Cha-Am, Hua Hin, Pranburi, Phuket and Pattaya is well...
Continue Reading • 20 Jun 2014
Ambassador to open Thailand show
Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima (pictured), will present the opening address at a forthcoming Thailand property exhibition in Singapore.The event, the Thailand Property Show, is being organised by PropertyGuru and DDproperty.com and will take place on...
Continue Reading • 18 Jun 2014
Yields of 7.7% in Silom, Sathorn
Condominium prices in the Silom, Sathorn and Rama 3 areas of Bangkok are seeing annual growth of 7.8 percent, proving investors with yields of as much as 7.7 percent per annum.Frank Khan (pictured), Executive Director, Head of Residential for Knight Frank Chartered (Thailand), said the area...
Continue Reading • 17 Jun 2014
Yangon office rates highest in SEA
As Myanmar continues to open up Yangon’s office market continues to thrive to the extent where the city is now home to the most expensive office rental rates in Southeast Asia.In its latest market report, Colliers International Myanmar noted that Yangon’s office stock...
Continue Reading • 17 Jun 2014
Oversupply in the provinces
Parts of Thailand’s residential property markets are experiencing oversupply according to a new survey, resulting in some of the kingdom’s high-profile developers delaying their planned new launches.The joint survey produced by the Real Estate Information Center, the Agency for Real...
Continue Reading • 16 Jun 2014
Hilton Hua Hin sold for THB3.2 bn
Saha-Union Plc has won the race to buy the Hilton Hua Hin hotel, paying THB3.2 billion according to a statement filed to the Stock Exchange of Thailand.The 298-room property was sold by from Destination Resort Ltd, with the deal being handled by JLL.First listed for sale in March, the Hilton Hua...
Continue Reading • 13 Jun 2014
Owner-occupancy rates rising
Owner-occupancy rates in Bangkok’s condominium market rose to 82 percent in the first five months of this year on the back of strong demand and limited new supply being introduced to the market.Research from property consultancy Plus Property noted 82 percent of condominiums in Bangkok are...
Continue Reading • 12 Jun 2014
Thai buyers prolific in Phuket
Despite the fact that the residential property market in Phuket is almost 100 percent dominated by overseas buyers, one of the best-selling projects at the moment is drawing strong interest from Thai buyers,Since its soft launch in late March this year to CBRE clients, Disno Residence Patong...
Continue Reading • 11 Jun 2014
Condo launches to drop 40%
New condominium launches in Bangkok are expected to decline by 23.5 percent this year, with the number in the first four month of the year showing a 40 percent year-on-year drop. Thailand’s Real Estate Information Center (REIC) noted that last year was the first ever...
Continue Reading • 10 Jun 2014
Jail for Profitable Plots directors
Two directors and shareholders of Profitable Plots were convicted in Singapore yesterday of conspiracy to cheat investors out of about S$979,000.In 2007 the company set up offices in Bangkok, and for three years it was actively marketing investments throughout the region including in Thailand,...
Continue Reading • 10 Jun 2014
Nominate now for MIPIM Asia
Voting for the 8th edition of the MIPIM Asia Awards is now open, offering developers the chance to received one of the most distinguished forms of recognition in the industry.Rewarding the most outstanding real estate projects in Asia-Pacific, the MIPIM Asia Awards this year features a...
Continue Reading • 9 Jun 2014
Vote now for industry excellence
Finalists for this year’s Real Estate Investment World (REIW) Awards for Excellence have been announced, and votes are now being sought to decide the winners.Held alongside the REIW Asia 2014 conference, the awards honour leading industry organisations for their ability to...
Continue Reading • 6 Jun 2014
Overseas interest up in May
EXCLUSIVE: Overseas interest in Thailand property surged during May despite the imposition of martial law and the subsequent coup.In its monthly Top of the Props report, property searches for Thailand property on TheMoveChannel.com - a U.K.-based overseas property website – increased...
Continue Reading • 6 Jun 2014
Hua Hin clearwater lagoon will be the largest in Asia
Thailand listed property developer Pace Development Corporation plans to complete what will be Asia’s largest clearwater lagoon in December this year.The 45-rai, THB600 million lagoon is located inside the 120-rai MahaSamutr ultra-luxury villa and country club resort (pictured) being...
Continue Reading • 5 Jun 2014
Office rates to rise by up to 8%
Bangkok’s office market is witnessing the lowest vacancy rates for 20 years, and a lack of supply combined with growing demand is predicted to push rental rates up by between 4 percent and 8 percent across the board.Real estate firm CBRE, in its Bangkok Office Marketview research report,...
Continue Reading • 5 Jun 2014
Property price growth slowing
Having risen for eight consecutive quarters, property price growth around the world slowed during the first three months of 2014.The Knight Frank Global House Price Index rose by 0.6 percent in the first quarter, down from 1.2 percent during the previous quarter. Dubai topped the annual rankings,...
Continue Reading • 4 Jun 2014
Record year for Khao Yai property
Khao Yai experienced a property market boom in 2013, with a record number of units launched according to new research from Colliers International Thailand.In its Khao Yai Residential Market report, the real estate firm reported that more than 1,380 units were launched and completed in 2013...
Continue Reading • 3 Jun 2014