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New stock market category for property funds
2008-04-04 10:55:00
Source: The Nation The Stock Exchange of Thailand (SET) will flesh out and introduce a special board for listing property funds in the second half, says ING Funds managing director Maris Tarab. “With 18 property funds worth more than Bt60 billion in the market, it’s about time a new trading category was created for property funds,” he said, referring to a stand-alone section like the one for warrants. Something like it has already surfaced once. On the very first day the SET launched its new website earlier this year, investors may have noticed a new section devoted to property funds. According to tradition, it should have been included in the main board’s real-estate and property-development sector. The new classification quickly disappeared. Maris said the new set-up would help the flow of information for investors and ease the approval process for property funds as far as it applied to operations. “In Singapore [where real estate investment trusts ar...
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Soho Properties opens new branch office in Pattaya
2008-04-02 12:56:00
Soho Properties Ltd, a leading real estate agency company, is pleased to announce the formation of our new branch office in Pattaya . Located in the heart of city at the junction of Third Road and South Pattaya Road we offer complete real estate and related services. This new branch office will better serve the entire ...
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Buying and investing in ?enticing and enigmatic? Vietnam
2008-04-02 11:49:00
Vietnam is attracting much attention from overseas developers and investors because it is one of Asia?s most enticing markets. The country?s appeal is explained by a combination of positive factors. Strong economic growth over the last ten years and admission to the World Trade Organization (WTO) in late 2006 are coupled with dream demographics of a ...
More About: Buying , Vietnam , Investing

Pattaya property prices take off
2008-04-02 11:46:00
According to a recent research report by property firm Raimon Land, resale prices of luxury condominium projects in Pattaya have surged by up to 100 per cent due to strong demand from foreign investors, especially from Russia and the UK.  As a result, the resale price of luxury condominium projects in Pattaya have increased from ...
More About: Property , Prices

Thailand?s ?First ?Green? Destination Resort? ? LEEDing the Way
2008-04-02 07:35:00
The latest environmentally friendly condominium features and amenities aren’t just good for the planet, they also look great and are a huge draw for conscientious buyers wanting to help the earth by making smarter purchases and lifestyle decisions, even if that means that buying “green” means paying slightly more. From energy-efficient light bulbs to solar-paneled ...
More About: Thailand , Green , Destination , Resort

New EIA rules force developers to rethink
2008-03-25 11:26:00
With concerns about global warming on the rise, the Thai government has issued a requirement for all new condominium projects to include a certain number of trees to offset air conditioning emissions ? a move developers say will cut deeply into their profit margins. The Office of Natural Resources and Environmental Policy and Planning issued a ...
More About: General , Force , Rules , Developers

Long-term gains with ?green? REITs
2008-03-25 11:24:00
As environmental awareness goes from buzz to best business practice, real estate investment trusts at the forefront of the so-called “green” movement could reap long-term rewards. An earlier adopter of eco-sensitive development and redevelopment, industrial REIT AMB Property Corp. has unveiled a 3 million square foot green distribution facility in Savannah, Ga., and announced plans to ...
More About: Green , Long , Term

Global views on sustainability
2008-03-25 11:23:00
CoreNet Global , an international association of workplace and corporate real estate executives, and Jones Lang LaSalle, a real estate service provider, queried more than 2,300 attendees of CoreNet Global Summits on four continents in recent months, with 414 responding. After analysing the responses, the two groups learned that a large majority of companies around the world ...
More About: Views , General , Sustainability

Asia real estate less volatile in US sub-prime crisis
2008-03-25 11:22:00
At the heart of the US sub-prime crisis is the ?securitisation? of inferior US housing loans. Given high interest rates of 8-9 per cent per annum, or even higher, these so-called CDOs (collateralised debt obligations), were snapped up by many institutional as well as individual investors, including big hedge funds. However, many of the sub-prime mortgage ...
More About: Asia , Estate , Real Estate , Real , Crisis

Samui expected to pass Phuket as most expensive resort destination
2008-03-21 08:10:00
Source: The Nation The 10 or so luxury resorts planned for Koh Samui over the next five years will make the island the most expensive destination in the Kingdom. The Mandarin Oriental, the world’s top chain of luxury hotels, is considering building a resort on the island. It will be its third property in Thailand, following Bangkok ...
More About: Most Expensive , Destination , Pass , Resort , Phuket

Woraluk offers a veritable walk in the sky over Sukhumvit Road
2008-03-21 08:10:00
Source: The Nation Woraluk Properties has launched the Sky Walk Condo project on Sukhumvit Road near the Prakanong Skytrain station. The name “Sky Walk” comes from a unique feature of the condominiums - a see-through floor which will provide a direct view of the streets below. Cinema tycoon Wichai Poolworaluk, who owns the company, said the 47-storey building ...
More About: Offers

Thai finance minister upbeat vis-a-vis property sector growth
2008-03-21 08:09:00
BANGKOK, March 14 (TNA) ? Finance and Deputy Prime Minister Surapong Suebwonglee on Thursday voiced confidence that business in the property sector would grow markedly in the second half of this year after measures issued to stimulate the sector take effect. Speaking after presiding over the opening of the 18th House and Condo Fair exhibition, he ...
More About: Property , Thai , Growth

Thai Property Set For Rebound After Missing Out On Asian Boom
2008-03-21 08:08:00
Source: The Nation Mar 14 2008 Asian property markets weathered last year’s global financial storm triggered by the sub-prime fiasco in the US and are expected to perform well this year, says Jones Lang LaSalle. The prediction came in the real-estate-services firm’s latest Asia-Pacific Property Digest. Rental and capital-value growth over the past 12 months has been generally ...
More About: Thai , Missing , Boom

Partnership and corporate law upgrades - Thailand
2008-03-21 08:07:00
Source: Bangkok Post/TILLEKE & GIBBINS ‘Why seven shareholders?” is a question businessmen have pestered corporate lawyers with for years, but it is about to become a thing of the past. The Thai government, prodded by the Commerce Ministry, is adopting major amendments to several partnership and corporate law provisions with the aim to simplify or do away ...
More About: Thailand , Corporate , Upgrades

Home builders say prices in Thailand will rise in Q2
2008-03-21 08:04:00
Source: Bangkok Post Home builders plan to raise prices by 3-5% in the second quarter of the year as costs of construction materials will start increasing in line with rising demand stimulated by the government’s new tax incentives, says Sakda Kovisuth, the president of the Home Builder Association. ‘’The incentives and the cancellation of (the Bank of ...
More About: Thailand , Builders , Rise , Prices

Land prices in Thailand on the fast track
2008-03-21 08:03:00
Source: The Nation Bt500-bn investment in mass-transit rail network drives huge increase Prices of land around the new routes of the mass-transit rail network have risen by 10 per cent to 100 per cent this year since the government confirmed an investment of up to Bt500 billion in the next three years. The nine routes announced by Prime ...
More About: Thailand , Land , Fast , Track

Malaysia, Philippines, Indonesia and Thailand Among Cheapest Vacation Desti
2008-03-06 08:05:00
Source: Scand Asia/Gregers Moller Scandinavian tourists get more for their money in Malaysia than anywhere else in the world. If Denmark is set to index 100, living costs for tourists in Malaysia is only 29.3 percent. And out of the 10 most cost attractive destinations world wide, four of then are in South East Asia. The Philippines is ...
More About: Thailand , Indonesia , Vacation

Bangkok?s luxury condo market to be more active this year
2008-03-06 08:04:00
Source: The Nation Luxury condos expected to pick up Bangkok ’s luxury-condominium market will become more active this year, and the new supply will continue to be limited, says leading international property consultant CB Richard Ellis. The high-end and luxury markets, which faced a slight slowdown last year, mainly due to low market sentiment, will become more active this ...
More About: Market , Condo , Active

Investing / Mutual Funds: ING to begin sale of property fund with targeted
2008-03-06 08:03:00
ING Funds said yesterday that initial sales for its new 1.9-billion-baht property fund would begin from March 3-11. The first investment for the Quality Hospitality Property Fund (QHOP) will be the 18-year-old Amari Boulevard Hotel in Bangkok. The property fund will purchase the hotel’s leasehold rights under a three-year sublease with an option to renew up to ...
More About: General , Sale , Investing , Mutual Funds

Real Estate / Reaction To New Government
2008-02-27 09:29:00
Industry sees confidence rising Source: Bangkok Post The property industry is confident that the formation of the new government will lead to a gradual recovery of the real estate market and consumer confidence by the third quarter of the year, says Somchao Tantaterdtham, president of Thai Real Estate Association. He said foreign investors remained interested in entering the ...
More About: Government , Real Estate , Reaction

Sub-prime mortgage woes won?t affect Thai property sector, says executive
2008-02-27 09:28:00
BANGKOK, Jan 29 (TNA) ? The sub-prime lending crisis in the United States will not escalate to the extent that it could adversely affect the Thai property sector and overall economy, according to an industry executive here. Sophon Pornchokchai, chairman of the Agency for Real Estate Affairs Co, said as a property price estimator he believed ...
More About: Property , Mortgage , Executive , Prime

Bin Haider puts Thai properties on offer
2008-02-27 09:27:00
Source: www.khaleejtimes.com DUBAI -The property investment scenario in both locally and abroad shows on an encouraging up trend. Keeping with this trend, Dubai’s well known property management and real estate developer Bin Haider Real Estate, is offering investors its properties in Phuket, Thai land. The company gives investors opportunities to visit and choose from its properties there. Bin Haider has ...
More About: General , Properties , Offer

Thai Architect expo
2008-02-27 09:18:00
Source: The Nation Architect s to stage expo The Association of Siamese Architects, under royal patronage of His Majesty the King, has budgeted Bt200 million to organise Unplugged Architect ‘08 from April 30 to May 4 at Impact Muang Thong Thani. President Sinn Phonghanyudh yesterday said as many as 330,000 visitors were expected. Some 600 booths, both domestic and from ...
More About: Events , Expo , Thai

Nine-route city rail plan won?t help to boost property just yet
2008-02-27 09:17:00
Source: Bangkok Post Visit: The question is when the new lines will be built? The nine-route city rail plan unveiled with flourish by Prime Minister Samak Sundaravej has created a stir, not least in a real-estate market that is looking for good news. But Visit Kunatharakul has one simple question: where is the money coming from? ‘’If they ...
More About: Property , General , City , Route , Rail

Good strategy needed for small developers
2008-02-27 09:16:00
Source: Bangkok Post Expert advises strong brand, good location. Tawatchai: After-sale service most important. A strong brand in a good location, smaller projects and good after-sales service are the keys for small and medium-sized developers seeking smooth project loan approval, says Tawatchai Sudtikitpisan, the president of Kiatnakin Bank Plc (KK). He said that most of the smaller developers, ...
More About: Strategy , Small , Good , Developers

Thai property developers ride out tough year
2008-02-27 09:15:00
Source: Bangkok Post Despite tough conditions in the property industry last year, most leading listed developers still reported better performances with increases in net profits. Quality Houses Plc (QH) reported total consolidated revenue of 10.58 billion baht, down 4.3% from the previous year. Of the total, 9.057 billion baht was generated from sales of housing units, up ...
More About: Property , Ride , Thai , Developers , Tough

The Beaches Destination Resort & Spa - Thailand?s first integrated resort i
2008-02-18 09:27:00
With the support of the Board of Investment of Thailand and the Tourism Authority of Thailand, The Beaches will be the new shining symbol of the country and will be the benchmark of destination resorts in Asia. It has also joined with True Corporation, one of Thailand?s largest technology companies, to create Thailand?s first wireless lifestyle ...
More About: Destination , Resort , Integrated

No Bubble Yet
2008-02-18 09:24:00
Source: Bangkok Post Monday February 11, 2008 Property price inflation in Thailand has been quite benign, which could lure foreigners wary of established but struggling markets Thailand is facing a very limited impact from the sub-prime mess in the United States, mainly because Thai banks are still haunted by the ghosts of 1997 and have been very ...
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Local seers foresee a challenging year ahead, possibly even with more polit
2008-01-28 12:11:00
By Sriwipa Siripunyawit Everyone is captivated by the future. Will my business be successful? Should I invest in the stock market? Will I earn more if I invest my money elsewhere? Maybe in real estate? No one is absolutely sure about the answers, yet some people seem to have uncanny ability when it comes to predicting the ...
More About: Local , Year , Ahead

Surging baht won?t dim positive outlook
2008-01-28 12:10:00
By Nigel Cornick Last week the Thai baht surged to a 10-year high of 33.12 against the US dollar. Such a strengthening of the currency is very much in line with those of other regional economies, as a difficult year in the US sub-prime lending markets ensures tough times for the American economy. Kasikorn Research Center forecasts ...
More About: Outlook , General , Positive