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PussyLover 69
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Report from The Nation dated 3 December 2011 :-
Land prices in Bangkok rise sharply after floods
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Land prices in Bangkok's inner areas such as Siam Square have surged dramatically to Bt1.4 million (S$58,000) per square wah (4 square metres) in the aftermath of the severe floods that hit many areas, according to the latest survey of the Agency for Real Estate Affairs (AREA), an independent property-consulting firm.
The areas along Sukhumvit Road, where Siam Paragon Shopping Complex and Siam Square are located, have seen rates shoot up to as high as Bt1.4 million per square wah, or Bt560 million per rai, a 17-per-cent surge from Bt1.2 million per square wah last year.
The Siam Square area also recorded the highest increase in land prices in 15 years, rising from Bt430,000 per square wah in 1996. However, the price hikes reflect higher returns on investment. Most buildings in Siam Square are shopping complexes.
"The main reason for the skyrocketing prices is there is a mass-transit electric train passing through the areas, especially those in Siam Square, which connect to the stations of the two mass-transit trains - BTS Skytrain and MRT Subway," said the agency president, Sophon Pornchokchai.
Apart from Siam Square, the land price has also gone up in areas such as Wireless, Silom and Rajdamri roads to Bt1.1 million per square wah.
Areas along Sathon Road are priced at Bt1 million per square wah. Sophon said the surveyed land was evaluated according to market price and not the appraisals of the Treasury Department for land registration.
However, the evaluated prices might be lower than those set for sale at inflated prices. For some plots of land, sellers could be seen demanding as much as Bt2 million per square wah.
The cheapest land is along Klong 13 Road in Pathum Thani with an evaluated price of Bt2,600 per square wah or Bt1.04 million per rai.
"The agency believes that land prices will not fall as a result of the floods because there is no evidence that disasters - such as the severe floods in 1995 and the floods in Hat Yai last year - had lowered land prices," Sophon said.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:07 pm on Dec. 2, 2011
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PussyLover 69
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Report from The Nation dated 5 January 2012 :-
Undecided buyers to delay property-market
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The Greater Bangkok property market will not recover until the second half of this year as home-buyers are still hesitating and developers have to redesign their projects located in flood-prone areas.
"The floods last year are having a lingering effect on home-buyers' decision-making this year," Samma Kitsin, director-general of the Real Estate Information Centre (REIC), said yesterday.
But demand for homes in tourist destinations, especially Phuket, is still strong, according to a survey by the Agency for Real Estate Affairs (AREA).
Samma said most home-buyers considering projects in the capital and its suburbs are concerned about location.
Their target may change from single family homes or townhouses to condominiums at places that have never experienced flooding. Those neighbourhoods that escaped the floods will be their first choice.
Developers with land in flooded locations will have to revise their projects before introducing them to the market. That will take three to six months.
Developers who do not own land in flood-hit locations will not buy land close to those locations.
The property market in the first half will show stable or slight growth, but will recover in the second half after adjustments are made and the government comes out with a clear policy to manage floods, he said.
Last year, 340 residential projects were launched with 84,000 units, of which more than half or 44,000 units were condos and the remaining 40,000 units were low rises. The low rises were divided into 19,000 townhouses, 16,000 single family homes and 15,000 duplexes and shop houses.
REIC estimates that transfers of both new and resale residences in Greater Bangkok last year would reach only 135,000-140,000 units. That would be a drop of 21-24 per cent from 178,000 units in 2010.
Sopon Pornchokchai, president of AREA, said that although the Greater Bangkok market was soft, demand for vacation homes in resort areas like Phuket was robust, especially from foreign investors interested in owning a second home.
The company surveyed residential project launches in Phuket last year and found 114 projects with 6,216 units worth Bt91.41 billion. The average price was Bt14.7 million.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 8:07 pm on Jan. 4, 2012
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PussyLover 69
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Report from The Nation dated 27 june 2012 :-
Boom could bust in condo markets
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A property bubble is forming in Bangkok and other Thai cities, as well as in Vietnam and Myanmar, partly because of euphoria over the forthcoming Asean Economic Community, an economist has warned, while a senior banking executive played down such fears, saying no bubble had been detected.
Given the debt crisis in Europe and the collapse of the property sector in Spain, there are signs of a property bubble in Bangkok, especially in the market for high-rise condominiums along Sukhumvit Road, Sompop Manarungsan, president of the Panyapiwat Institute of Technology, said yesterday.
He pointed to the heavy advertising for condos in all media, particularly pamphlets and new media channels such as short message service (SMS, or text messaging).
The heavy advertising suggests that condominium developers are finding it hard to get buyers, he said, belying the conventional view that the market is not in a bubble.
"I live on Sukhumvit Road. Over the past 10 years I have witnessed many condos spring up. Those who have older condos are moving to new condos, leaving the old ones empty," Sompop said.
He said he was not sure whether there are new buyers, and suggested there might only be small groups of people buying condos for speculative purposes, hoping to rent to foreigners or certain groups of Thais.
Japanese and other foreigners are currently enjoying low rents, Sompop said.
Land developers may be overly optimistic that large numbers of people will move to condos along mass-transit routes, he warned.
"We should be aware that a burst of the property bubble would drag down banks that have lent to land developers and home-buyers," he said.
The bursting of the property bubble in Spain has created huge trouble for both banks and the overall economy, while the sub-prime-mortgage crisis in the United States sparked the global financial crisis in 2008, Sompop said.
He said authorities such as the Bank of Thailand had to put in place preventive measures before this small bubble grew out of control.
Land and property prices are booming now in key provinces such as Khon Kaen, Udon Thani and |other provinces as businesses and individuals believe that Thailand will benefit greatly from the Asean single market.
Land prices in Yangon, the commercial centre of Myanmar, are soaring at a faster pace than economic fundamentals, warned Sompop. People in Myanmar believe that political reform will bring economic prosperity, causing them to speculate on land, he said.
Land and property prices in Vietnam have been increasing for a long time, leading to rising inflation and higher business costs.
Trouble in other Asean countries such as Vietnam or Indonesia would adversely affect the Thai economy, he said.
He also warned of the threat of political conflict between the red and yellow shirts, which could result in an economic-policy vacuum at a time of high global economic volatility.
The expense of populist policies will also strain the government's ability to make productive investments, he said.
Praphan Anupongongarch, executive vice president at Thanachart Bank, however, said his bank did not yet see clear signs of a condominium-market bubble.
"If demand is dropping because consumers are worried about the European crisis, there is little chance of a condominium bubble occurring," Praphan said.
Some projects may not be attractive because of their poor locations, he said.
In a related development, the state-owned Secondary Mortgage Corporation (SMC) signed a memorandum of understanding to buy mortgages worth Bt1.85 billion from Kasikornbank.
The agreement aims to provide liquidity to banks and offer opportunities to home-buyers and investors in SMC bonds, its executives said.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 2:54 am on June 27, 2012
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DaffyDuck
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"Little chance.... come, buy more!"
Hahaha!
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 4:31 am on June 29, 2012
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thailife
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This reminds me of 2007 in the U.S..... All the realtors were saying "what a great time to buy"...... sounds like DG about AUS.....
Any ways,
NEVER, EVER, EVER, trust a realtor.
Or someone sitting on a large building who tells you what a great time to buy.......
In the U.S. I consider realtors at the same level as union workers.... scum bags, leaches, know nothings.
Parasites.
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Thai Women : Meet Matured Thai Women
Posted on: 10:37 am on June 29, 2012
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loco1
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I got no problem with ones opinion with realtors if that is how you feel but union workers that's a hell of a leap.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 10:34 pm on June 29, 2012
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PussyLover 69
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Report from The Nation dated 16 August 2012 :-
Condos spring up near purple line
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The neighbourhoods around the planned Purple mass transit line from Bang Sue to Bang Yai are growing in popularity, with seven condominium projects worth more than Bt10 billion launched in the first half of this year.
According to a survey by CB Richard Ellis (Thailand), the focus is on Tao Pun, as it has the interchange station for the MRT's Dark Blue and Purple lines.
One of the largest developments in Tao Pun is Pruksa Real Estate's The Tree Interchange Condominium with 650 units at an average price of Bt1.9 million, or Bt66,000 per square metre.
The research included only developments located within 800 metres of a station.
Two large projects were introduced in the second quarter by listed developers - Asian Property's Aspire Rattanathibet and LPN's Lumpini Park Rattanathibet-Ngamwongwan. The average price of both projects was less than Bt60,000 per square metre. Since buyers will get a home close to a station, paying less than Bt2 million, the sales rates of both projects were high.
CBRE believes that the condo market along the mass-transit routes is driven by accessibility, affordability and usability.
There was only one condo project launched on the western bank of the Chao Phraya River, which was the D Condo Rattanathibet near Sai Ma station, offering 1,325 one-bedroom units. As the starting price is lower than Bt1 million and also cheaper than the developments on the other side of the river, 80 per cent of the units were sold in the first five months.
The number of condos developed by private companies is increasing, but these usually are small developments with fewer than 200 units.
Eight low-rise housing estates debuted along the Purple Line in the first half - three townhouse and five single-family home projects. The townhouses - Pruksa Ville 54 Rama V Road, The Connect Rattanathibet and Baan Pruksa 76 Bang Yai-Kaew In - were priced at between Bt1 million and Bt3 million. The two- and three-bedroom units come with usable areas of 90-110sqm on lots ranging from 17.7-24 square wah (70.8-96sqm).
LOCATION, LOCATION
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The detached-house estates - Bangkok Boulevard Ratchaphruek-Rama V, Supalai Ville Ratchaphruek-Bang Bua Thong, Casa Ville Ratchaphruek-Rama V, Thanasiri Ratchaphruek-Tha Nam Non and Lanceo CRIB Rattanathibet-Bang Yai - were priced at Bt2.9 million to Bt13.9 million. The homes are 135-305sqm in size and occupy 36-138 square wah of land.
A location next to a mass-transit station is becoming one of the important factors that determine where people buy or invest in property. Many projects have been developed along both under-construction transit routes. The Purple Line is one of the most popular routes for development because more sites are available than near the Skytrain and the existing Dark Blue subway line.
The lower price of land has meant that it is feasible to develop both low-rise housing and condos on this route. Mass-transit systems will continue to change the living, working and shopping patterns of Bangkok residents, but the impact of each line will be different based on the price and availability of land and planning regulations governing the size of what can be built.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:39 am on Aug. 16, 2012
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PussyLover 69
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Report from The Nation dated 8 February 2013 :-
Top projects for the rich and the elite
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Most of the top luxury condominiums in Bangkok offering a price of more than Bt400,000 per square metre are located in the central business districts such as Sathorn, Sukhumvit and Rajadamri, according to a survey by The Nation early this week.
They are on both freehold and 30-year leasehold land.
The River at Charoenkrung Road has the highest price in the market for penthouses at Bt419,900 per square metre or worth Bt267.47 million per unit, with 637 square metres space.
The next most expensive is 185 Rajdamri on Rajdamri road that offers a price of Bt414,200 per square metre or worth Bt69 million per penthouse and duplex units, with 169 square metres. This is one of condominiums on Rajdamri Road developed on freehold land.
Sukhothai Residences has a price of Bt408,800 per square metre or worth Bt450.81 million for a penthouse or duplex, with 1,102.78 square metres space.
The Ritz-Carlton Residences Bangkok on Silom-Sathorn Road, with 99 years leasehold, offers a price of Bt356,187 per square metre or Bt480 million per unit for a penthouse, with 1,500 square metres space. It is fourth most expensive penthouse in Bangkok.
Q Langsuan at Soi Langsuan ranks fifth, offering Bt306,212.54 per square metre for a penthouse unit or worth Bt142.54 million per unit, for 465.51 square metres.
Oriental Residence is a leasehold project priced at Bt263,500 per square metre for a penthouse and duplex unit, or Bt77.99 million per unit for 296 square metres.
The Residence at St Regis Bangkok on Rajdamri Road, another leasehold project, carries a price tag of Bt260,000 per square metre for penthouse and duplex units, for 442 square metres, or worth Bt114 million.
The next is Saladaeng Residence that charges Bt247,000 per square metre for a penthouse unit or worth Bt44 million for 182 square metres.
The latest condominium project launched last year is the Magnolias Ratchadamri Boulevard, a leasehold project, offering a price of Bt231,943.38 per square metre or Bt73.27 million per penthouse unit, using 315.90 square metres.
Some of them have succeeded in selling units to both domestic and foreign buyers who have bought either for staying or investment in a luxury condominium, located in the best location of Bangkok, according to CB Richard Ellis (Thailand) research.
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Thai Girls : Meet Active Thai Girls
Posted on: 2:15 am on Feb. 8, 2013
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koolbreez
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And....Thai law only recognises leaseholds as 30 + 30 years if any of them were to ever go to court on the long lease validity for a foreigner. This is most important when it comes time to sell, and the current lease is questioned on its transferability.
It's like getting a lifetime guarantee on a product. In reality the guarantee is only good for the life of the company you bought it from.
With these kind of developments, corporate limited liability subsidiaries are set up so there is no liability to the parent corporation, and as soon as the major percentage of the apartments are sold, then so is the subsidiary corporation, to completely cut liability, and any future litigation over false claims.
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Thai Women : Meet Matured Thai Women
Posted on: 3:50 am on Feb. 8, 2013
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PussyLover 69
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Report from The Nation dated 22 April 2013 :-
Middle East buyers eyed for luxury Bangkok condominiums
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Thailand - The Middle East will be the new customer target for luxury residential projects in Bangkok as both Arabs and expatriates find Thailand attractive as a future beneficiary of the ASEAN Economic Community and as an economic powerhouse racking up growth of 4-5 per cent a year.
Asgar Patel, chairman of House of Patels Group, who has business in Dubai, said last week that he decided to buy a Bt480-million (S$21 million) condominium at Ritz-Carlton Residences on Sathorn Road because Thailand has investment potential, the best environment, friendly people and other charms.
"We invested in it to be our second home and are also interested in buying other projects developed by Pace Development Corporation, which developed Ritz-Carlton Residences, in the future, especially its projects in Hua Hin," he said.
Patel has properties in the US, India and Dubai. House of Patels is multinational group based in India with diverse interests in the fields of logistics, financial services and real estate.
"The investors from Middle East countries, who are not only Middle East people but also foreign investors with business in the Middle East, especially in Dubai, are interested in expanding their investment in Asia including Thailand," said Sorapoj Techakraisri, CEO of Pace Development Corporation Plc, which is developing the MahaNakhon mixed-use project worth Bt19 billion on Sathorn Road.
Following strong demand from the Middle East, the company held a roadshow here last weekend with over 120 investors attending who were interested in investing in luxury residences in Bangkok.
"When we decided to take a roadshow to Dubai, we advertised in Dubai's newspaper one week before the roadshow, which succeeded in selling three units worth totally Bt140 million. This shows the demand for luxury residences in Bangkok from Dubai's investors and the Middle East market is still strong," he said.
After the roadshow, the company targets sales of Bt300 million-Bt450 million from this event, which is part of its pre-sales target of Bt2 billion for this year from the Ritz-Carlton Residences project.
Ritz-Carlton Residences has succeeded in selling 50 per cent of its Bt12-billion value. The company now targets pre-sales of 65-70 per cent from the project this year, up from the previous target of 60 per cent. Over 60 per cent of its pre-sales was from foreign investors and the remaining 40 per cent from domestic demand.
The project is already under construction with completion set for the end of 2015.
MahaNakhon was launched in 2009 by a joint venture formed by Pace and Israel's Industrial Buildings Corporation. It will become the highest building in Bangkok at 314 metres and 77 floors.
However, the retail space at MahaNakhon called Cube will be completed and opened in September, followed in October by the first Vogue Club in Thailand. A budget of Bt30 million is being spent on the club with total space of 450sqm. The Cube, which has retail space of 6,000sqm, will boast the French luxury restaurant L'Atelier de Joel Robuchon. This first branch would open the next year.
Pace's business plan to list on the Stock Exchange of Thailand is already underway. It has applied to the Securities and Exchange Commission (SEC) to increase its registered capital from Bt1.45 million to Bt2 billion by floating 600 million shares to the public.
In its filing to the SEC on November 29, Pace reported a rise in sales of 67 per cent to Bt912.8 million in the first nine months of the year from the same period in 2011. It also turned a net profit of Bt84.8 million in the period, which was better than the net loss of Bt103.2 million in the same period of 2011.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:37 am on April 22, 2013
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