Real Estate
Ko Samui Resort projects struggled to survive in 2009
Property developers in major tourist destinations have adjusted strategies – downsizing units, discounting prices and shifting to rental market – to survive the global economic slump and local political tensions, say property brokerage firms.
Piyanuj Madnurak, general manager of Advance Inter Development Co Ltd, a property brokerage on Koh Samui, said the offering prices of residential units on the southern island decreased by 10-20% in 2009 and most of the units offered for sale were owned by foreigners.
A survey by REIC found the average selling rate of housing projects in Muang, Krathu and Thalang districts in Phuket was only 3% in the third quarter of 2009.
As of the end of the third quarter, 60 housing projects with 8,950 units worth 31.8 billion baht were on the market. Of these, about 6,500 units were sold, leaving 2,470 units available for sale.
“If there is no new supply in the market, it will take two years to sell the remaining units,” he said yesterday in a seminar on beach resort property.
via Resort projects struggled in 2009.
Property
Record low sales rate hits Bangkok condo market
Bangkok hit a decade-long record for new condos entering the market, with 65,000 new units launched throughout 2018, but the sales rate fell to a 15.7% record low.
The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill.
(more…)Property
What’s top of mind for corporate real estate in 2019?
Flex isn’t just co-working, and it’s evolving rapidly. Companies both large and small are increasingly implementing new space concepts and flex models whilst also reimagining their existing workplace to be more agile and dynamic.
Increasing alignment of corporate real estate’s (CRE) strategic goals with broader enterprise priorities is a key insight emerging from JLL’s top 10 CRE trends for 2019.
(more…)Real Estate
Before You Buy try to Rent
Simply inspecting the property at the site or show unit is not enough to really tell what the real living experience will be.
Buying a home is a big decision in life. For a super luxurious condominium worth more than THB 50 million per unit in a prime location, it is hard to know which building or unit will suit you the best without a real test of actually living in the building.
(more…)
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...
How is Thailand Bringing Technology to the Table?
In Asia, a country like Thailand has taken the initiative to implement agricultural biotechnology in its industry. The country has...
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