Artikel tagged “property”
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Chinese move their purchase power away from Bangkok condo market
Chinese condo buyers are veering their purchase power away from the Bangkok property market citing the strong Thai currency, overpricing and a supply glut. 2015 – 5.8 Yuan to the Thai Baht 2019 – 4.4 Yuan to the Thai Baht The rise of the baht and the weakening of the Chinese Yuan over the past four years, have culminated in a 25% softening in Chinese investment power in the Thai property market (chart from xe.com) Property consultants say that Chinese buyers are now containing their investment risk by buying into the lower-end 2-6 million baht condo market instead of the 5-10 million baht condos they were previously purchasing. At the same time the annual returns for Bangkok condominiums is reported to have dropped from 6-7% five years ago to only 3-4% in some locations in the current market
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Luxury condos change the face of Sathorn Road in Bangkok
by Somluck Srimalee, The Nation From Sathorn junction to Taksin Bridge, the riverside section of Sathorn Road has been transformed from a strip of shophouses to luxury residential condos in a gentrification that added 8,000 new apartments to the area. As well, the businesses have shifted to a more modern trade to replace the traditional trades. With the market trend, listed and non-listed property firms are parading to launch their new condominium projects in Sathorn district, the central business district of Bangkok. Launches totalling more than 31 billion baht have been made from mid-2018 through the first half of this year, according to the recent Nation survey
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Phuket’s new town planning code will radically change island
Thailand’s Department of Public Works and Town & Country Planning is finalising sweeping new development regulations for Phuket.
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Landlady posts photos of a Bangkok rented apartment after a nine year lease
PHOTOS: Nathalie Ruangdet Firstly, put down whatever you’re eating. A landlady has vented her grief online to show the results of a nine year tenant who had vacated the property in Ramkhamhaeng, Bangkok. Sanook reports that he had left the key with security and needed his deposit back. Nathalie Ruangdet, the landlady, went round to check the property
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Thai property startup FazWaz heads overseas
FazWaz, the Phuket startup that has built a tech-first platform to take on Thailand’s real estate giants, is announcing its overseas expansion today. The move underscores just how far and fast the company has moved since being founded in 2015 in the small beach town of Kamala in Phuket
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Reservations now open for ‘Twinpalms MontAzure’ with enticing promotions
Celebrate the grand opening of Phuket’s newest beachside hotel by booking now to snap up fantastic deals. Twinpalms MontAzure in Kamala is offering irresistible packages ideal for both short and long-haul getaways for those who book directly from their website . Guests may choose to enjoy three nights and pay for just two and for those who are looking to book a longer holiday, stay for six nights and pay only three on all Penthouses and Suite types.
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Hong Kong property tzars team up for new Phang Nga development “Aquella”
FILE PHOTO Two of Hong Kong’s leading entrepreneurs Allan Zeman and Richard Li are developing a mixed-use project in Thai Muang, Phang Nga named Aquella. The initial phase of the development includes a par 72, 18 hole golf course, resort pool villa residences with two to four bedroom unit configurations back of a massive land site that offers over 2.5 kilometres of white sand beach. Previously, the approximate 1,000 rai site was the home of the Thai Muang golf course
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Car and house loans surged in 2018
The Bank of Thailand says they’re concerned about the double-digit growth in loans for cars last year. The central bank is now monitoring the trend and will keep track of statistics for the rest of 2019. Their concerns about the Thai mortgage market the year before resulted in new regulations coming into effect this April
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City by the Bay – Laguna Phuket’s urbanisation
by Bill Barnett from c9hotelworks.com If you were going to play a soundtrack to this story, perhaps it could be started off best with the 80’s hit “We Built This City”. If you toured the Laguna Phuket area in the year the song charted in 1985, the area was an eerie lunar landscape of a former tin mining domain. Today the virtual wasteland had been turned into a resort wonderland and the past is a far distant memory
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Centara strikes deal for three new hotels in Laos
Thailand’s leading hotel operator Centara Hotels, announced it has signed management agreements for three new properties with a combined total of 216 keys, with Asia Investment, Development & Construction Sole Co., Ltd (AIDC), a well-established enterprise in Laos. In the UNESCO World Heritage site of Luang Prabang, Centara plans to open an upper upscale Centara Grand Luang Prabang and a midscale Centra by Centara property, both near the town centre.
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- Blackwater at Phuket’s Nai Harn beach due to ‘natural causes’‘Blackwater’ has returned at one of Phuket’s favourite beaches, this time in the lagoon behind Nai Harn beach, which flushes out naturally when the tide conditions are right. For now, it is dammed up by the sand and has developed into an ugly cesspool for passersby to see. Responding to complaints from local residents, Rawai […]
- Another baby Dugong found on a Krabi beachPHOTO: Thai Rath Another lost baby dugong has been rescued after being found injured in Krabi. The baby dugong was found washed up on the shores in Klongthom District, Krabi yesterday (June 1) and was rescued by the officials from the Phuket Marine Biological Centre (PMBC). Thai Rath reports that the baby dugong had a […]
- Cha-Am blackwater flowing into the beach is “natural in origin” – District ChiefPHOTOS: Daily News The Cha-Am district chief and a posse of officials have inspected a patch of ‘black water’ flowing into the Gulf of Thailand after social media posts showed “sewage” flowing into the sea at a beach north of Hua Hin. Not surprisingly, and without evidence, Khajornsak Somboon admitted the offensive outflow was “smelly” but […]