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Pattaya Property News & Blog Supplied by Pattaya Condo Property Sales & Rentals, Real Estate Management.

 


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RESALE: 66 CONDOMINIUM, 1 BED/1BATH - NORTH PATTAYA, SOI 1

There was strong demand for detached houses and townhouses in the first quarter of 2013, driving Asian Property Development's presales to Bt3.8 billion, about 5% over the targeted Bt3.6 billion.

Vittakarn Chandavimol, chief strategic marketing officer, said 54% of the company's presales in the quarter were low-rise homes, and the rest condominiums. Demand for townhouses costing no more than Bt5 million has shown strong growth.

Friday, 26 April 2013 11:28

Retiring in Thailand

Retiring in Thailand

The quality of life for retirees in Thailand is relatively good. It is considered to be one of the safest countries in the world and instances of violent crime are very low. The cost of living is also very low and the warmer climate is attractive to those who want to escape the colder winters of northern Europe and America.

The country also has good medical facilities and many of the doctors there have trained in the West, so speak good English. Housing can be purchased or rented at a very low cost if you are prepared to look away from the tourist areas and busy urban areas.

Thailand developer Langsuan Assets unveils latest project in Bangkok

Langsuan Assets CEO Thanin Leenabanchong

Thai luxury real estate developer Langsuan Assets Co unveiled its latest condominium project, KLASS Langsuan, in the heart of Bangkok, this week.

Strategically located in the capital’s Chidlom-Ploenchit neighbourhood, the 110-unit development is set to be constructed on one Langsuan Road’s final remaining land plots, according to Langsuan Assets CEO Thanin Leenabanchong.

Tuesday, 23 April 2013 19:51

More New Condos in Bangkok 2013

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FOR SALE: JOMTIEN BEACH CONDO, 2BED/1BATH- SEAVIEW, JOMTIEN

According to the Colliers International Thailand Research, there are about 16,000 condominium units were launched for sale in Bangkok in the first quarter of 2013, and the most of will bulding in several years.

The rate of sales in the quarter was 62%. The bestselling locations were Sukhumvit, New Phetchaburi, Rama III and Narathiwat Ratchanakarin roads.



Middle East Investors Target for Luxury Residential Projects in Bangkok

The Ritz-Carlton Residences Project in Bangkok

The Middle East investors will eyed for luxury Bangkok condominiums 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% 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 condominium at Ritz-Carlton Residences on Sathorn Road because Thailand has investment potential, the best environment, friendly people and other charms.



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FOR SALE: VIEW TALAY CONDO 8, 1BED/2BATH-SEAVIEW, JOMTIEN

As buyers look to resort residences, the trend we have seen since the beginning of this year is the growth in outbound investments to provincial cities and key resort markets. As many have already heavily invested in Bangkok and options are becoming exhausted, it is only reasonable to look to other markets.

The first resort market that comes to mind for Thai investors has always been Hua Hin, but demand has been primarily for own-use. For some buyers, purchasing a resort home and using it less than 30 days a year while having to pay common area fees that can be comparable to the cost of staying in a hotel make many people reconsider their purchase and whether it is actually worth it.

I have noticed an increasing demand from buyers for holiday-home investment products whereby they receive an ongoing rental yield and can also enjoy complimentary usage of their unit for a certain period of time during the year. This type of investment product meets the market needs for people who want to own a resort home as well as generate long-term yield and capital appreciation.

Developments that aim to offer this type of investment package should plan right from the beginning of the development process. The key aspect apart from the location and product is who is managing the rental programme.

The concept that has grown in popularity is hotel-managed residences or branded resort residences. An association with a widely recognised hotel chain ensures a consistently high standard of property management. Although maintenance costs are comparatively higher, owners will enjoy freedom from hassles and enhanced capital appreciation, as well as a high level of service and extensive facilities. Investors can be assured that the rental programme can be effectively run to maximise yields given the chain's extensive marketing network and sales platform.

There are several hotel-branded residences on the market designed as pure investments, such as Amari Residences Phuket and Banyan Tree Residences. These projects offer what investors need - a fully managed turnkey investment where the management and property rental are fully taken care of by the hotel chain on the owners' behalf.

Another popular marketing technique used in today's market is to offer a guaranteed yield for the buyers, which ranges from 5-6% in the current market. But most developers will offer this for the first two or three years and thereafter switch to a rental-pool system where the revenues from all units are pooled together and divided proportionately among individual owners.

Most quality projects in prime destinations that are well located and managed by a reputable hotel chain achieve similar or even higher yields through the rental-pool system compared with the guaranteed yields.

For developments that were not planned as a hotel or to be managed by a hotel chain, a rental programme on a best-effort basis run by the developer itself or subcontracted to rental-management companies is usually in place. The developer or the appointed manager will look after the property management and unit rentals on a short- or long-term basis, ranging from weeks to months or one year, but each manager will have different standards and rental terms and conditions.

With tourist arrivals at a record high and poised for further growth, particularly in Phuket, the resort-home market for investment is expected to have a positive spin-off effect.

Today, more resort-home projects are targeting the investor market with several choices of investment package as mentioned earlier.

Maximising yields from holiday rentals is not as easily done as said. Having a rental programme in place alone does not always make the project a good investment. Investors must carefully assess the opportunities against the criteria outlined above.

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FOR SALE : VENEZIAN CONDO RESORT, STUDIO-2BEDROOM,NA-JOMTIEN

Demand for office space remained strong as corporate space users continued with consolidation and expansion plans, raising both occupancy and rental rates. The property market showed signs of continued optimism last quarter especially in the office and condominium markets, according to property services company DTZ.

Occupancy rose from 88.5% to 89%, translating to a net absorption level of 8,520.72 square metres. Average rent also rose by 2.3% on quarter to Bt675 per square metre per month, reflecting the highest growth in 15 straight quarters.

amzon-condo-pattaya-construction

AMAZON RESIDENCE PATTAYA - JOMTIEN
Amazon Condo Residence Resort Pattaya construction progress update on April 2013, you can keep an eye on your investment from wherever you are. Regular published records make sure you can watch the resort grow from a hole in the ground to the adventure holiday resort that you have purchased. EIA approved means: all designs and plans will be built as designed and planned.

atlantis-construction-update

ATLANTIS CONDO RESORT, PATTAYA - JOMTIEN

Atlantis Condo Resort Pattaya is a new resort style condo which approximately 300 meters short walk from Jomtien Beach. Prices start from just 1,799,000 Baht for 1 bedroom fully furnished unit! Fully furnished - all you need to bring is your suitcase, as they say. Cool watery design themes and high quality furniture and fittings make for very attractive looking rooms, all well equipped and comfortable.



Foreign Direct Investment(FDI) Drives Demand for Industrial Land in Thailand

According to research by Knight Frank Thailand, foreign direct investment (FDI) is likely to continue to drive the demand for industrial estates in 2013, this will drive the demand for the land to develop factories, especially in industrial estates.

The real-estate consultancy's executive director Marcus Burtenshaw said the research showed that foreign investors continued to seek good logistics infrastructure, especially in areas not susceptible to flooding.

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