Pattaya Condo

 

Pattaya Property News & Blog

 

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

 


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Thailand Property News (98)

WATER FRONT 1 BEDROOM, TYPE E

WATER FRONT 1 BEDROOM, TYPE E

The Bank of Thailand (BoT) has confirmed no signs of an economic bubble have been found in the Thai real estate sector and only the prices of condominiums edged up after the flood crisis 2011.

BoT executive Methee Supapong said that the central bank had not found unusual signs of acceleration in Thai real estate and both demand and supply had been in line with the market conditions.  He insisted that there had been no price hike, except in condominiums in some areas, especially along the electric train lines.  Prices of single houses and townhouses have not significantly increased, he said.

STUDIO FOR SALE 1.59mln: UNIXX SOUTH PATTAYA, SEA VIEW

STUDIO FOR SALE 1.59mln: UNIXX SOUTH PATTAYA, SEA VIEW

The condominium markets in Bangkok and Pattaya are balanced, according to the newest research by Raimon Land.

Raimon Land launched the 11th edition of its annual research publication, Condominium Focus Thailand: Update of Inner-City Bangkok and Pattaya, which reviews the two condominium markets in detail.



thailand_property_awards

It’s shortlist time for the Thailand Property Awards already this week.  It’s raced around even faster this year as we’ve moved the Awards ceremony back a month in order to accommodate the South East Asia Property Awards (SEAPA) in Singapore in November. That event is shaping up to be even bigger and better than last year, as we move to our new venue at the Shangri La in Singapore and introduce a host of new Consultancy categories, which, judging by the quality of entries, looks like a good move.

Thursday, 06 September 2012 12:09

Part II: The Real Estate Trust (REIT) Manager

reit_manager

THE REIT MANAGER:

Imagine yourself at 17 years old. You just inherited property worth millions and you have no idea what to do, so you turn to your uncle who is highly capable and trustworthy. He manages the properties and provides you with a steady income and reasonable growth every year. The REIT manager plays a similar role, and he or she must have some important qualifications.
A REIT manager must be either an asset management company or a qualified juristic entity. The requirements for a juristic person to qualify are:

•           Thai nationality; Registered capital of more than 10 million baht and strong financial status
•           Business objectives including being a REIT manager
•           in the event that they have other businesses, they need to prove they have no conflicts of interest
•           At least one-third of the directors must be independent
•           Qualifications of the directors, managers and the authorized manager must be approved
•           Major shareholder qualifications must be approved
•           Ability to maintain trust and reserves as required by law
•           Transparent shareholder structure
•           At least two experienced personnel with three years' experience within the last five years
•           Fully equipped for operations.

The REIT manager is responsible for completing due diligence of the REIT and filing with the SEC. The manager also has to set the strategic direction and risk management policies, prepare financing strategies, property plans and budgets and recommendations to the Trustee on the acquisition, divestment or enhancement of REIT assets.
The REIT manager is also responsible for the day-to-day management of the properties in order to maximize net income by maintaining high occupancy levels and achieving strong rent growth. For this, the REIT manager
needs to work closely with the property overseer and tenants.
THE REIT TRUSTEE:
Extending our previous analogy, you trust your "uncle" but want someone to oversee his performance in case something goes wrong. This is where your custodian comes into the picture, and we call him the trustee. The trustee must be completely independent of the REIT manager, hold a trustee's license and have registered capital of more than 100 million baht.
The trustee's responsibilities are to monitor the activities of the REIT manager on behalf of and in the interest of investors and unit holders.
The trustee can discharge the existing REIT manager and appoint a new one. The trustee must also maintain custody of funds and documents relating to the investments by the REIT, monitor the registry of unit holders or investors, complete the REIT's financial statements and ensure transparency of information disclosure. It also has to ascertain the profitability rationale for investment decision-making of the REIT manager and ensure compliance with the provisions of the Trust Act by the manager.

To summarize, the introduction of a REIT regime in Thailand constitutes a major development for the country's property investment market.

As noted already, REITs will give substantial benefits to both large and small investors as well as property owners.

REITs will help stimulate the property market by creating an environment for continuous investment, thus raising the bar for the market in Thailand and signaling its entry onto the international stage as a more mature investment destination. Due to improved transparency and liquidity, REITs should create more confidence among both local and foreign funds and investors.

Wednesday, 05 September 2012 11:51

REITs add new facet to local market

 

june-to-herald-the-beginning-of-thailand-reits

The introduction of a REIT (Real estate investment trusts) regime in Thailand constitutes a major development for the country's property investment market.

According to a report in the Bangkok Post, Real estate investment trusts will soon be available in the Kingdom and will offer some big advantages in terms of types of liquidity, investment choices and transparency of management

The imminent introduction of real estate investment trusts (REITs) in Thailand will be a major development for the local property investment market.The Securities and Exchange Commission will soon announce the regulations that will govern REITs, which differ in many respects from the property funds with which most Thai investors are already familiar.

PATTAYA WATER FRONT CONDO 1 BEDROOM, TYPE E

PATTAYA WATER FRONT CONDO 1 BEDROOM, TYPE E

Fifteen Thailand listed property firms will show revenue from their condominium projects totalling at least Bt100 billion in the second half of 2012, up 56% from the first half thanks to transfers of completed condos to customers, according to research by Asia Plus Securities.

FOR SALE: Dusit Grand Condo View Pattaya

FOR SALE: Dusit Grand Condo View Pattaya

Contractor ‘Asean Real Estate Consultant’ has entered into the Thailand property development market with her first single-detached housing project in response to strong demand in the Thai property market. The estate, called "the Season" is worth Bt200 million.



LAGUNA BAY 2 - PRATUMNAK, PATTAYA

LAGUNA BAY 2 - PRATUMNAK, PATTAYA

Thailand's general ranking is unaffected in the 2012 Global Real Estate Transparency Index, a Jones Lang LaSalle study that analyzes clearness in 97 real-estate markets worldwide by weighting 83 factors.

The index offers corporate occupiers and investors with data and analysis important to transacting, owning and working in global markets, besides supporting governments and other industry organisations interested in civilizing transparency.



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