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PussyLover 69
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Report from The Nation dated 15 February 2014 :-
Bangkok land prices continue to rise despite political woes
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BANGKOK - Bangkok land prices have increased by between 20 per cent and 30 per cent annually during a period of continuous residential market growth since the beginning of 2011, according to experts.
"Despite the country's political turmoil, the price of land in Bangkok is still rising by at least 10 per cent [this year] because the residential market faces high competition and strong demand," said Kitisak Champatippong, CEO of property agency Century 21 (Thailand).
Ploenchit Road is fetching the highest prices, with one plot having gone for Bt1.5 million (S$58,430) per square wah (4 square metres), and negotiations expected to be completed soon for another at Bt1.82 million per square wah, he said.
Meanwhile, Kulwadee Sawangsri, head of Investment and Land Services at CBRE Thailand, said the price for a prime site on Sukhumvit Road had increased by some 480 per cent since 2002 to Bt1.5 million per square wah, which is the highest percentage increase of all of the capital's prime areas.
This is followed by the Silom/Sathorn area, with a rise of about 400 per cent to Bt1.4 million per square wah over the same period, and the Ploenchit/Lumpini area with an increase of around 320 per cent to Bt1.5 million per square wah. Despite the current political turmoil, the demand for prime central business district land in Bangkok for investment remains robust, she said, adding that CBRE does not expect the political problems to impact CBD land prices adversely because there is a limited supply of freehold prime land in the centre of the city.
There are few willing sellers and the majority of land is held by cash-rich owners, who inherited their family land, she explained. Land-holding expenses are very low, as most land was not acquired through debt financing.
Moreover, there is virtually no land-holding tax and no inheritance tax, which all adds up to the fact that the majority of land owners have very little pressure to sell.
Over recent years, land prices have been driven upwards by developers buying sites to build condominiums for sale. This is because condominium developers have been able to outbid other types of property developer due to the high development margins and quick project turnover.
There have also been significant land-price increases in some suburban areas where construction progress of new mass-transit lines has triggered an increase in demand for condominium development sites in areas such as Rathanathibet, along the route of the Purple Line. Land prices in the Rathanathibet area have increased by 30 to 50 per cent per year since the start of construction on the rail route.
CBRE expects expansion of the mass-transit system will have similar effects in other suburban areas.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:55 pm on Feb. 14, 2014
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PussyLover 69
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Report from Property Guru (Malaysia) dated 27 February 2014 :-
Bangkok rents to continue rising
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Rental prices for Bangkok-based expatriates will continue to rise despite the ongoing political situation in Thailand.
Speaking exclusively to PropertyGuru, James Pitchon – Executive Director for CBRE Thailand, noted that expatriate numbers in Bangkok have been rising.
He said: “Most expatriates want to live in a limited number of areas including Sukhumvit, Lumpini and the northern end of Sathorn. There have been very few new apartment developments (single ownership) built, and most of the new condominium (multi-ownership) supply has been one-bedroom units.”
Pitchon revealed that his company’s residential leasing team has seen the majority of expatriate tenants want two- or three-bedroom units.
“Effectively this means that a rising number of expatriates are chasing a limited supply of two- and three-bedroom units.
“Many units in older condominiums have not been refurbished and are not attractive, so the supply of attractive two- and three-bedroom units may in fact be shrinking.”
Pitchon added that this will mean that residential rents will start to rise in Bangkok for about the first time in 20 years - in stark contrast to many people’s expectations that prices will dip.
He noted that so far there has been no impact from the political crisis on the expatriate property rental market because new or replacement expatriate employees are still taking up positions in Bangkok.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 8:07 am on Feb. 27, 2014
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PussyLover 69
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Report from Property Guru dated 17 May 2014 :-
Bangkok Prices At Two Year Low
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Average selling prices of newly launched property throughout Bangkok were at their lowest levels for more than two years during the first three months of this year.
Colliers International Thailand, in its latest research report, noted that average prices in the City area were more than THB155,000 per sqm, and significantly higher than other locations. The Suburban Bangkok area has the lowest average prices, lower than the average prices over the past few quarters.
Many condominium projects launched in the first quarter are from smaller or new developers, and all are located in the Suburban Bangkok area. Thus, the average selling price of all condominium projects in the first quarter is the lowest it has been in the past eight or nine quarters.
Most of the condominium launches in 2013 and 1Q 2014 had selling prices in the range of THB40,001 to THB60,000 per sqm, with most projects targeting the mid- to low-income bracket and located in the Suburban Bangkok area, far from existing mass transit systems.
Colliers reported that approximately 55 percent of new condominium units launched in the first quarter had an average price lower than THB60,000 per sqm, with around 22 percent of them being in the range of THB60,001 to THB80,000 per sqm.
The average prices of condominium projects located less than 200 metres from mass transit stations (BTS and MRT) are the highest at more than THB100,000 per sqm. The average prices of condominium projects not more than 200 metres from BTS stations are around 24 percent higher than at the projects along the MRT.
Colliers reported that average prices in all locations are significantly low, more than 30 percent lower than in the previous quarter, because only some high-end and luxury projects were launched during this particular quarter.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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Thai Girls : Meet Sexy Thai Girls
Posted on: 3:32 am on May 18, 2014
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PussyLover 69
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Report from The Nation dated 6 may 2015 :-
Developers confident of high-end city condo demand
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The high-end condominium market in Bangkok's central business areas (CBA) has continued to see new projects launched in the first quarter of this year. This shows developers have remained confident in demand in the top-end segment of the city's condo market, says JLL (Jones Lang LaSalle), a professional services firm specialising in real estate.
High-end condominiums are those priced at Bt100,000 per square metre and above. There were 31,390 high-end condominium units in the CBA as at the end of March.
Bangkok's CBA includes Pathum Wan, Bang Rak, Sathorn, Silom, Ploenchit, Ratchaprasong, Langsuan, Ruamrudee, Chit Lom, Watthana and Klong Toey, and are bisected by Sukhumvit Road. The central-east area is home to Asoke Intersection, a highly desirable location for both offices and condominiums, the Phrom Phong area, an up-and-coming high-end retail and living area, and the highly desirable residential and entertainment areas of Thong Lor and Ekkamai.
According to the latest research released by JLL's Thailand Property Intelligence Centre, four new high-end condominium projects were launched in Bangkok in the first quarter, totalling 975 units. These were Four Seasons Private Residences Bangkok (355 units) on Charoenkrung Road, Q Sukhumvit (273 units) near the Nana Skytrain station, The Diplomat 39 (160 units) near Phrom Phong station, and Nimit Langsuan (187 units) near Chit Lom station. Of these, Four Seasons Private Residence is the only project that offers units for sale on a leasehold basis.
All of these projects are in the ultra-luxury segment with prices above Bt250,000 per square metre. While the average reported sales rate of the four projects as at the end of March was 46.2 per cent, The Diplomat 39 and Nimit Langsuan reported strong sales rates of 70 and 80 per cent respectively.
JLL managing director Suphin Mechuchep said selling prices of luxury condominiums in Bangkok, particularly in key central business areas with easy access to the BTS Skytrain or MRT, had continued to grow and would grow further, mainly because of rising development costs.
While construction costs have stayed relatively stable thanks to lower oil prices that have allowed for a reduction in costs of certain construction materials, rising land cost has now become a significant part of the development costs in prime locations.
"Generally, land cost represents 15 per cent of the total development cost of a condominium project," she said. "Nowadays it accounts for 25 per cent for a condominium development in prime locations.
"With growing scarcity of prime land for new development, selling prices in future luxury condominium projects are likely to rise further. For this reason, there remain a lot of people who want to buy luxury condominiums in prime locations with a hope for a capital gain in a long term. Having said that, there are more and more questions about to what limit buyers would remain willing to accept the rising prices."
Bunthoon Damrongrak, head of residential sales and leasing at JLL, said demand for luxury condominiums had continued, as reflected by strong sales rates in a number of newly launched projects. However, higher selling prices in these projects are encouraging more buyers to look for more affordable units in older buildings.
Recent condominium sales transactions concluded by JLL show units in older buildings are typically 20-30 per cent cheaper than those in newly launched projects in the same area.
"We have received more inquiries from buyers looking for units in older buildings," he said. "Most of them are looking to purchase used or backlogged units for their own use. Some of them are also buying used units to put them up for rent.
"However, as newer buildings attract tenants better, purchases of used units in older buildings as an investment are limited to buildings that occupy an exceptionally prime location, preferably with easy access to a BTS station where leasing demand is strong.
"Whether it be for own use or as an investment, buyers tend to choose units in buildings that are well managed and maintained to look like new," he said.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 3:58 am on May 6, 2015
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StrayGypsy
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Condo's - EZ to buy ! but very very hard to re-sell even under a break even I'm outta here condition.
Patts is full of pissed off one or two room condo owning Russians now !
Over built and over speculation down here !
good for rental rates its keeps em down ! 555
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Thai Women : Meet Matured Thai Women
Posted on: 5:17 pm on Aug. 22, 2015
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