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

 


News (704)

Quality Houses Plans to Sell HomePro Stake

FOR SALE: THE TRUST RESIDENCE SOUTH PATTAYA

Quality Houses, which holds 19.77% in Home Products Centre, plans to sell its shares if it is offered a good price, said chief executive officer and president Rutt Phanijphand.

"Foreign companies have contacted an intermediary for a HomePro stake but the price is not attractive yet. The company is not in a rush to sell its shares, as HomePro is still growing well. An analyst said the target price for HomePro shares was Bt16-Bt17, but now averages Bt12," Rutt said.



CBRE: Asian Investors May Boost Global Property Portfolio

FOR SALE: THE RIVER CONDO, STUDIO-LOFT DUPLEX

Asian institutional investors could look to invest in excess of US$150 billion (Bt4.7 trillion) in global real estate over the next five years, but with limited investable stock available in Asia they will seek opportunities overseas in London, New York, Sydney and other gateway cities, according to the latest research from global property services provider CBRE.

Cash-rich Asian institutional investors control a fifth of global institutional capital. However, the current low global interest-rate environment and weak stock-market performance means they face significant challenges in maintaining adequate returns on their investments.

Developers Abandon 89 Bangkok Projects in First Half of 2013

Property developers suspended or cancelled the development of 89 residential projects in Greater Bangkok in the first half of the year, according to research by the Agency for Real Estate Affairs (AREA).

The agency said 18,404 units worth Bt45.81 billion had been affected, the majority by commercial banks declining to provide project financing or sales failing to achieve developers' estimates.



Demand for Campus Condos Strong in Thailand

The Uniloft Chiang Mai Which Opened in 2012

Campus condominiums are the latest trend for property firms seeking to develop new market segments, as they face a period of intense competition in traditional parts of the residential market that is expected to continue well into 2014.

Developers are trying to find new segments with reliable purchasing power, and have been focusing in particular on university students, many of whose families can afford to buy a condo located close to where their child is studying.

dCondo Campus Resort Bang Saen

Sansiri has introduced the Bt1.42-billion dCondo Campus Resort Bang Saen, with a starting price of Bt1.39 million per unit. Following successful sales at its earlier campus condominiums,

The project is an eight-storey condominium designed in modern contemporary style in line with the area around the neighbouring Burapha University and Bang Saen beach.



Amari Residences Debut in Phuket Luxury Real Estate Market

The Amari Residences Phuket

Amari Estates, the real estate arm of Italthai Group, enjoyed a positive sales debut of its latest hotel-serviced residential development, the Amari Residences Phuket, during the 11-day CBRE Thailand Elite Living 2013 property showcase held at Siam Paragon recently.

The event recorded total sales of over THB 2.5 billion, and out of 14 other projects exhibiting at the showcase, the Amari Residences Phuket attracted significant interest from Thai buyers and was the top performer amongst resort home projects.



Pace Development Plans Luxury Project “MahaSamutr” in Hua Hin

MahaSamutr by Pace Development Corporation

Thai leader luxury property developer Pace Development Corporation recently unveil its new project “MahaSamutr”, a high-end villa and Country Club development set around what will be Asia’s first man-made clearwater lagoon on Thailand’s increasingly popular Eastern Gulf coast.

“Our commitment is to develop projects that are unique and original,” said Sorapol Techakraisri, CEO of Pace Development Corporation. “In Bangkok we are building MahaNakhon to be the tallest building in Thailand, and in Hua Hin we are working with a team of world class professionals using cutting-edge technology from design through to construction and interior decoration. We studied many projects around the world and decided to put the best components of them into MahaSamutr.”



Supalai Mare @ Pattaya

Supalai Mare @ Pattaya

Thailand property Developer Supalai is expanding its investment in Asia. The company is allocating THB2 billion from its overall investment budget of THB15 billion for investments overseas.

Supalai recently set up Supalai Philippines Inc in order to increase presence in that country’s growing property market. Supalai chief executive officer Prateep Tangmatitham said that the company is studying plans to expand investment in other countries in the Asia Pacific region, including Myanmar, Indonesia, Vietnam, Sri Lanka and Australia. It is also looking at Russia, he said.



The-Lofts-Ekkamai-Condo

Thailand property developer Raimon Land recently launched The Lofts Ekkamai Condo in Bangkok. The company says their latest condominium project will cater to the demands of a new generation of potential homeowners looking for a combination of style, comfort and convenience in a totally urban setting.

Located just 150 meters from the Ekkamai BTS station on Sukhumvit Road and a few minutes to the expressway ramps, The Lofts Ekkamai is at the doorstep of Bangkok’s major business, shopping and entertainment areas. It will occupy 2 rai of freehold land in the renowned Ekkamai - Thonglor area, the trend-conscious neighborhood with some of the hottest cafes, bars and restaurants.



The Base Central Pattaya: Latest High-Rise Development in Pattaya from Sansiri

The Base  Central Pattaya by Sansiri

Thailand listed Property Developer Sansiri continues to target its 2013 business growing to Bt48 billion in terms of presales, and to Bt34 billion in overall revenue. although Thailand economy seems likely to expand only slightly in the second half of 2013.

Srettha Thavisin, president of Sansiri, said in an interview that the company was maintaining its growth targets, due partly to a healthy backlog worth Bt63 billion of units that have been sold and are awaiting transfer to customers.



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