Singapore fund targets Chiang Mai
Singaporean private fund Terrasia is set to build a housing development in Chiang Mai, northern Thailand, through a joint venture with Thai developer Srangdee Development Co after previously partnering to develop a condominium development in Bangkok's Thonburi district.Srangdee...
Continue Reading • 21 Jan 2014
Bangkok market now driven by consistent demand from local buyers
In its latest Bangkok market report, real estate agency DTZ has highlighted the new risks of domestic political unrest and the slow recovery of domestic consumption and export performance as factors that may damage growth in 2014.The report noted that there was a sharp rise in the number of...
Continue Reading • 20 Jan 2014
Uncertainty is holding back Thailand
EXCLUSIVE: In a report last week from The Economist Corporate Network, Asia’s share of global revenues at non-Asian firms in the global real estate sector was expected to increase from 21.1 percent in 2013 to 33.3 percent in 2018.Thailand, however, was noted as one country where the...
Continue Reading • 20 Jan 2014
Gold award for PropertyGuru Group
Asia's leading real estate portal PropertyGuru Group scooped up awards for its mobile apps at last night’s Mob-Ex Awards 2014, which was held at the Marriott hotel.Celebrating the best in mobile excellence, this year’s competition saw 50 brands vie for 23 award categories.For the...
Continue Reading • 20 Jan 2014
New tenant signs for Bhiraj Tower
A Japanese language publishing company is the latest business to put pen to paper as a tenant at BhirajTower at EmQuartier, a new office tower situated in the heart of central Bangkok’s Sukhumvit area. The publisher has committed to leasing almost 500 sqm of Grade ‘A’ office...
Continue Reading • 17 Jan 2014
Oversupply in Hua Hun, says agent
The property market in the Gulf of Thailand town of Hua Hin is suffering from oversupply, according to a survey conducted by Knight Frank Thailand.Managing Director Phanom Kanjanathiemthao told reporters that the Hua Hin property market, which consists mostly of Thai buyers, has seen a surge in...
Continue Reading • 17 Jan 2014
No drop in overseas buying interest
EXCLUSIVE: Thailand’s popularity with overseas property buyers and investors was only slightly diminished during December, according to the monthly Top Of The Props survey by U.K.-based overseas property portal TheMoveChannel.com.The kingdom slipped one place to ninth position last month,...
Continue Reading • 16 Jan 2014
Move over BRICs, it's time for MINT
Move the BRICs out of the way, now it’s time for investors to add some MINT to their property investment portfolio.Investors have long been familiar with the term BRICs, which economist Jim O’Neill coined to refer to the emerging economies of Brazil, Russia, India and China. Now,...
Continue Reading • 16 Jan 2014
Bangkok buyers largely undeterred
EXCLUSIVE: Despite the Bangkok shutdown making newspaper and television headlines around the world, there has been little impact for Singaporean property buyers who are considering investing in the Thai capital.Singapore real estate agency Trillion Property, which currently has about 150 buyers...
Continue Reading • 15 Jan 2014
Global awards for CBRE Thailand
CBRE Thailand collected two prestigious awards, including recognition as the World’s Best Property Consultancy Marketing at the International Property Awards and a Silver award for the Online Advertising and Marketing Category from the Summit International Awards.CBRE Thailand was names the...
Continue Reading • 15 Jan 2014
It's business as usual for JLL
Although much of central Bangkok remains blockaded today, it is business as usual for at least one real estate agency.With its head office on Sathorn Road, Jones Lang LaSalle (Thailand) has seen little impact to date from the Bangkok shutdown, and no contract cancellations.Suphin Mechuchep...
Continue Reading • 14 Jan 2014
Shutdown to impact property sector
Work at prime central Bangkok property developments is likely to be impacted by today’s protests by the People’s Democratic Reform Committee, led by Suthep Thaugsuban (pictured).The group, which is aiming to force current Prime Minister Yingluck Shinawatra to stand down, has...
Continue Reading • 13 Jan 2014
Pattaya Property Show sells out, no impact from political strife
Thailand’s ongoing political problems have failed to halt the first Pattaya Property Show, which starts today and runs until Sunday, July 12.The event, which takes place at the Hilton Pattaya daily until Sunday, and where DDproperty.com is a proud media partner, has sold out according to...
Continue Reading • 13 Jan 2014
Indian billionaire buys luxury residence
According to media reports Indian billionaire Ashok Jaipuria has purchased a luxury residence unit at Phuket's Malaiwana real estate development.Jaipura cited his liking for the scenery on the popular Thai holiday island as one of the reasons for the purchase of the property, according to the...
Continue Reading • 11 Jan 2014
Sydney showcase for Phuket property
In a bid to capitalise on the growing number of Australians looking to buy property on the Thai island of Phuket, Thailand real estate agency Siam Real Estate and its partners will be exhibiting 10 Phuket projects in Sydney later this month.Richard Lusted, Chief Executive Officer of of Siam Real...
Continue Reading • 11 Jan 2014
Phuket buyers look at cheap options
Demand for smaller, less expensive property in Phuket rose in Q3 2013, according to new research from CBRE.During the three-month period it reported that 80 percent of total Phuket villa sales were for properties priced lower than THB 15 million. There were no villas sold with priced at more than...
Continue Reading • 11 Jan 2014
Topping off at Zire Wongamat
Developer Raimon Land recently celebrated the topping-off of its prime Pattaya beachfront residential project Zire Wongamat – its third project in the city after Northshore and Northpoint. With the beams in place for the project’s 37- and 54-story towers, Zire Wongamat is now...
Continue Reading • 11 Jan 2014
Khan: No sign of bubble trouble
Prime condominiums in the Thai capital have a significant competitive advantage over their counterparts in Asia-Pacific, according to Knight Frank Thailand.Frank Khan, Executive Director, Head of Residential, Knight Frank Thailand, (pictured) said there are no signs of bubbles in the Bangkok real...
Continue Reading • 11 Jan 2014
Bangkok prices up 5% in H2 2013
Residential property prices in Bangkok saw prices rises of an average of between 5 percent and 6 percent during the second half of 2013, according to a survey conducted by the Real Estate Information Centre.The survey, which focused on detached houses, townhouses and condominiums in Bangkok and...
Continue Reading • 11 Jan 2014
Prolonged political fight 'will hurt' Thailand's property sector
The outlook for Bangkok’s property market this year will depend on how quickly and smoothly the current political situation is resolved.As Thailand’s economic growth softened throughout 2013 thanks to the combination of lacklustre export figures, rising household debt and declining...
Continue Reading • 11 Jan 2014