Challenges for industrial sector
Delays in obtaining both Environmental Impact Assessements (EIA) and Board of Investment (BOI) approvals are impacting Thailand’s industrial property market.According to CBRE in its Thailand Industrial Marketview Q1 report, there has been no drop in land prices for Service Industrial Land...
Continue Reading • 3 Jun 2014
New launches down but recovery imminent
Thailand’s property and real estate market will recover in the latter half of this year, according to the kingdom’s Real Estate Information Centre.Samma Kitsin, Director-General of the organisation, revealed that condominium sales dropped 40 percent year-on-year during the first four...
Continue Reading • 2 Jun 2014
Drop in condos for expats
The number of two- and three-bedroom units suitable for expatriate rentals in Bangkok is decreasing, according the new research.CBRE Thailand, in its Bangkok Residential Marketview Q1 report revealed that more than 95 percent of tenants who rent residential properties in Bangkok with rents of...
Continue Reading • 2 Jun 2014
Strong demand for prime sites
Investor sentiment for prime central business district (CBD) sites and prime income-producing property in Bangkok has remained resilient and has not been affected by the prolonged political turmoil, according to new research from CBRE Thailand.In its Thailand Investment Marketview Q1 report, the...
Continue Reading • 2 Jun 2014
Stress test in suburban markets
Bangkok’s suburban and midtown condominium market, where more than 100,000 new units are forecast to be completed within the next 18 months, will be facing what CBRE Thailand describes as a “significant stress test”.In its Q1 Residential Market Report, released last Friday, the...
Continue Reading • 2 Jun 2014
HK 12 sqm shop sells for THB754m
A shop unit measuring just 12 sqm in Hong Kong’s Russell Street has been sold for THB754 million – equivalent to a staggering THB63 million per sqm – ranking it as the most expensive store anywhere in the world.The tenant in the record-breaking unit is a small electronic goods...
Continue Reading • 30 May 2014
Luxury Portfolio targets Thailand
Luxury Portfolio International, the luxury marketing division of Leading Real Estate Companies of the World, has responded to increasing interest in luxury real estate from Asia by opening a corporate office in Singapore.The office will serve the company’s existing network of members in...
Continue Reading • 30 May 2014
Little impact at high end: CBRE
Thailand’s high-end condominium sector has seen little impact from the political turmoil and economic slowdown, according to CBRE Thailand.Strong demand and low supply of luxury and well-located projects, along with the high purchasing power of buyers in this segment, were the reasons cited...
Continue Reading • 29 May 2014
Thai developers miss the mark
Thailand’s property developers are lagging behind their regional counterparts when it comes to acknowledging, measuring and managing sustainability risks.According to research published by CSR-Asia.com, leading property developers in Singapore and Hong Kong extensively disclose their...
Continue Reading • 29 May 2014
Office rental rates still rising
Office rental rates for Grade-A space in Bangkok rose 8.5 percent year-on-year at the end of Q1. For the first three months of the year the quarter-on-quarter increase was 1.3 percent.In its Q1 2014 Office Index report, real estate firm JLL discovered that as companies became more bullish,...
Continue Reading • 29 May 2014
Green offices an afterthought, says survey
The selection of a ‘green’ option for office buildings is at best an afterthought, if it’s considered at all, according to a new survey of corporates in Asia Pacific.Knight Frank’s Asia Pacific Office Occupier Survey discovered that many corporates are increasingly bullish...
Continue Reading • 28 May 2014
Malaysians unaffected by coup
Property buyers and investors in Malaysia seem largely unconcerned by the coup in Thailand, with any impact on the real estate sector expected to be short-lived or limited.A number of sales contracts were signed at a Thailand property exhibition in Kuala Lumpur last weekend featuring Park 24...
Continue Reading • 28 May 2014
Coup to have limited impact: JLL
The military coup that took place in Thailand on May 22 is expected to have a negative impact on the country’s investment sentiment, although based on past situations any disruption to the real esate sector could be short-lived or limited.Suphin Mechuchep, Managing Director of international...
Continue Reading • 27 May 2014
AIA confident in tower success
AIA is confident that its fully developed real estate project, AIA Capital Center, will enjoy a great success due to its location in what is set to become the new business and financial centre of Bangkok.Announcing the completion of the THB6 billion project Anucha Laokwansatit, AIA...
Continue Reading • 27 May 2014
Oveseas interest on the rise
EXCLUSIVE: Overseas property investors showed signs of returning to Thailand before last week’s military intervention, with Pattaya real estate in particular attracting significant interest.According to the monthly Top of the Props report produced by TheMoveChannel.com, a leading overseas...
Continue Reading • 27 May 2014
Thai coup: Price drops unlikely
The declaration of a coup in Thailand is predicted to eventually bring much-needed stability to the kingdom, but anyone expecting property prices to decline will likely be disappointed.Army Chief General Prayuth Chan-ocha announced on Thursday that the armed forces and police had formed a...
Continue Reading • 23 May 2014
Border condos on the rise
The popularity of condominiums in Thailand border regions is growing according to research from real estate agency Plus Property.Units with selling prices of up to THB60,000 per sqm have become increasingly popular in the run up to the introduction of AEC 2015 in December next year, according to...
Continue Reading • 22 May 2014
Office rents up 4.1% y-o-y
Prime office rental growth in Bangkok’s central business district rose 4.1 percent year-on-year, and rates are still some of the cheapest in the Asia-Pacific region.Knight Frank’s Asia-Pacific Prime Office Rental Index report noted that, notwithstanding the largest quarterly net...
Continue Reading • 22 May 2014
Bangkok vulnerable to quakes
A new Bangkok Metropolitan Administration (BMA)-commissioned study has found that Bangkok is vulnerable to large, distant earthquakes, and up to 1 percent of tall buildings in the Thai capital could collapse in the event of a large far off tremor.Not many saw it coming. The strongest ever...
Continue Reading • 22 May 2014
MGallery deal for Tulip's Waterfront
Thailand’s Tulip Group has entered into a management agreement with Accor for its prestigious waterfront development in Pattaya that will see the project operating as a MGallery hotel.The Waterfront Suites and Residence will feature 300 condominium units as well as the 120 upscale guest...
Continue Reading • 21 May 2014