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Thailand Property News (98)

Property developers shift attention from Bangkok Metropolitan Region(BMR) to Thailand’s other provinces

Rapid urbanisation of the Bangkok Metropolitan Region (BMR) is showing signs its saturation and developers are looking elsewhere for potential growth.Property developers are shifting their attentions away from the BMR to Thailand’s provincial regions.

Decreasing take-up rates have meant inventory levels are up, and the damage caused by the 2011 floods have caused some developers to lose confidence in the long term feasibility of BMR.

Bangkok's Prime condominium market rise to a new high level-4

66 CONDOMINIUM, 1 AND 2 BEDROOM, SPLENDID NIGHTLIGHT

As well as knows the Bangkok’s convenient mass transportation systems and the city’s renowned tradition of service and warm hospitality, a number of ultra-luxurious condominiums have sprung up across the Thai capital over the 2012.  

Such prime condominiums usually feature five-star service and are 30-90 year leasehold properties. Two such global hospitality chains include Ritz Carlton and St. Regis, who have introduced their exclusive brands to the Bangkok real estate market.

FOR SALE: THE TRUST RESIDENCE - NORTH PATTAYA by Q-HOUSE

FOR SALE: THE TRUST RESIDENCE - NORTH PATTAYA by Q-HOUSE

Thailand Government and property developers both agree that at present Thailand there's no need to adopt measures to control speculation in the Thailand property market, akin to those introduced in Singapore past weekend.

Thailand Central bank governor says no irregularities in property market stimulus behind buying spree.

Strong demand for residential properties in Thailand expected to continue in 2013

New Thai government regulations and low banking loan interests and the demand for developer-built housing will result in a positive outlook for the new year in Thailand. The Nation forecasts a positive outlook for the New Year in Thailand, with high demand for residential housing predicted to continue.

Saturday, 12 January 2013 06:36

Thailand Market Looks Good for 2013

Thailand Market Looks Good for 2013

Thailand has a positive outlook for the 2013 property market, and investors are confident in Asia.

FOR SALE: LAND IN SOI THUNG KLOM TANMAN - BANGLAMUNG Pattaya

FOR SALE: LAND IN SOI THUNG KLOM TANMAN - BANGLAMUNG Pattaya

Thailand Property firms are delaying purchasing plots land for developing residential projects in Bangkok till May 16, 2013 amid concern that the new city plan, which will come into effect at the end of May, will impact their project designs. 

"We will not buy new land in the first five months of this year in Bangkok because we don't know whether we'll be allowed to build condominiums at the location where we buy the land," LPN Development managing director Opas Sripayak said.



Ron van Oijen (3rd from left), Chief Executive Officer of AIA Thailand, presents the appointment contract to David Simister (3rd from right), Chairman of CBRE Thailand, alongside Anucha Laokwansatit (2nd from left), AIA Thailand’s General Manager and Chief Investment Executive and executives from CBRE at AIA Towers on Surawongse Road.

Ron van Oijen (3rd from left), Chief Executive Officer of AIA Thailand, presents the appointment contract to David Simister (3rd from right), Chairman of CBRE Thailand, alongside Anucha Laokwansatit (2nd from left), AIA Thailand’s General Manager and Chief Investment Executive and executives from CBRE at AIA Towers on Surawongse Road.

AIA Thailand(American International Assurance (AIA), Thailand's largest life insurer) recently announced the appointment of CBRE Thailand as the principal agent for leasing grade A office spaces in the AIA Capital Center and AIA Sathorn Tower, its first large-scale real estate projects in Thailand with a total of 92,500 square metre lettable area. 



navi-mumbai-real-estate-skyline
According to London-based Knight Frank's second quarter 2012 Prime Global Cities Index, top tier properties located in top tier cities around the world are rising in value, despite a global economic slowdown.

Since its low in Q2 2009 the Prime Global Cities Index - which tracks the performance of the top 5% of mainstream housing markets - has been largely subdued, recording average quarterly growth of 0.8%.

The buoyant Asian markets kept the index in positive territory up until Q1 2012 when cooling measures and in particular restrictions on second-home ownership, led to a fall of 0.4% in the first quarter of 2012.

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If you are undecided about whether you want to stay long term in Jomtien Beach, Pattaya City, Bangkok, or even Chaing Mai, then it might just be best to first locate a short term residence in the location of your preference for a trial period to determine if that particular location is right for you. However, to do that, means that you must first find and then rent either a house, condominium or apartment.



Bangkok’s riverside property

According to Knight Frank Thailand, Bangkok’s riverside property is gaining in popularity for its waterfront lifestyle and scenic views, the company noted that many luxury hotels, high-rise condominiums, and corporate towers have risen on both sides of the river in Bangkok, making the area a prime spot for development.

Statistics show that the cumulative supply of the Bangkok Riverside condominiums was about 19,807 units as of the third quarter of 2012, an increase of 18.7% from the end of 2011.

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