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thailand-high-speed-train

Thailand Office of Transport and Traffic Policy and Planning (OTP) expects that the government’s high-speed train project on the northern route will solidify Jun 2013.

Director of the OTP Chula Sukmanop said some progress would be seen on the Bangkok-Chiang Mai high-speed train route, both in the train operation system and the locations of stations. He revealed that, from September to October, the government would allow foreign countries to bid for the project and give a presentation on their train formats and technologies to be used with the Thai system.

Thailand High Speed Train

Pattaya Na Jomtien and Bang Saray are the latest residential hot spots, but new international transport (Bangkok Airport links) and a high-speed train bode well for the whole region. The areas immediately to the south of Pattaya and Jomtien have long been popular with discerning residential purchasers. Lovely beaches, with views out to picturesque islands and sunsets that can take one's breath away make much of the Na Jomtien and Bang Saray coastline a lovely place to live. The impressive infrastructure just up the road in Pattaya, in the form of hospitals, shopping malls, restaurants, entertainment spots, ever-improving road connections and so on make the area wonderfully convenient.



Thailand Property Report Q1 2013: High Revenue but low profit

High Revenue but low profit, most listed property firms reported revenue growth of 10-20% in the Q1 2013 concerned with the same period last year. However, most of them recorded lower net profits due to higher construction and marketing costs amid high competition.

But net profit and margins squeezed by increases in construction, marketing costs Continued growth in residential demand boosted listed property firms' revenue in the first quarter, with companies posting increases of between 10 and 20 per cent from the same period last year.

Major Development inspects construction of Reflection

Petrada Poolvoralaks, Executive Director of Major Development Public Company Limited, Somchai Sirilertpanich, Managing Director of Syntec Construction Public Company Limited, and Veerachai Borirajdachakul, Manager Director of Bewtech Company Limited, join with construction workers to inspect the the rooftop of Reflection Jomtien Beach Pattaya.

Executives of Major Development joined with the project construction team management recently to inspect the rooftop of the Reflection Pattaya Jomtien condominium, a 3.3-billion-baht 6-star development located at the southern end of Jomtien Beach, Pattaya. Standing on an area of 8 rais, the project boasts two towers with a total of 335 units and comes with over 50 world-class facilities.



BAAN MAI KHAO Sansiri

Phuket luxury beachfront condominium project, Baan Mai Khao by Sansiri

The penetration of Thai developers into the Phuket residential market, which dominated by foreign buyers in very long times, now has piqued the interest of Thais, according to CBRE (Thailand).

CBRE's research shows that the launch last quarter of an luxury beachfront condominium project, Baan Mai Khao by Sansiri, has attracted significant Thai demand for a Phuket project, in part because of the loyal following Sansiri has in the market.



Demand for Thailand Luxury Residences Has Returned

CENTARA GRAND RESIDENCE - JOMTIEN, PATTAYA

Demand for Thailand luxury residences has returned to the Bangkok property market, especially in the central business districts, where leading developers have responded by launching and promoting projects during the first half of the year.

According to a survey by an institution, Thailand luxury developers began aggressively marketing their top-end residential projects early 2013 after seeing demand return for the purchase of luxury homes.

Del Mare Bang Saray Beachfront Condominium

Del Mare Bang Saray Beachfront Condominium

Thailand Culture Minister Sonthaya Khunplome presided over a glitzy opening ceremony and party for the Del Mare Bang Saray Beachfront Condo, a joint project off the drawing boards of development companies Porch Land and Apus Development Group. The event was attended by local luminaries, public officials and company executives among the 800-strong guest list.



Central Pattana(CPN) Plans Asean Outlets Before 2017

Central Pattana(CPN), the SET-listed property developer under the Central Group of Companies.

Thailand developer Central Pattana (CPN) is looking at expanding into Asean countries by 2017, most likely Vietnam, Malaysia or Indonesia, president and chief executive officer Kobchai Chirathivat said. He said purchasing power in those countries had strong growth potential, especially with the Asean Economic Community (AEC) coming into effect in 2015.

"When we expand into Asean countries, [we will either] invest by ourselves [or form] joint ventures with new partners. This will depend on the business opportunity," he said.

Thailand Cabinet Okays New Bangkok City Plan

Thailand Cabinet approved a new Bangkok City Plan recently to replace the one in use since 2006 and due to expire on May 15. Property-industry observers say the new plan will open up new locations for development near the mass-transit routes.

The new "green" city plan will be vetted by municipal authorities before officially taking effect.

UAE Magnate Eyes Thailand's Property Market Potential

House of Patels group chairman Asgar S Patel(third left), in a Dubai roadshow for the MahaNakhon project in Bangkok.

Asgar S Patel, who lives in the United Arab Emirates(UAE), decided to invest Bt480 million early this year in the luxury Bangkok condominium project, the Ritz-Carlton Residence at MahaNakhon, after seeing the potential return given Thailand's stable economic growth and the fact that the Kingdom will be at the centre of the Asean Economic Community, which comes into effect in 2015.

Patel, group chairman of India-based multinational House of Patels and one of the wealthiest people in India and the United Arab Emirates, says that when he invests in property he takes into account a country's economic prospects and the project's location, design and environmental features in order to reap the maximum benefit.

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