Real Estate

Real Estate sales in Bangkok’s Central Businees area down 50%

Published

11 years ago

June 16, 2010

The real estate business in Ratchprasong area (central Business and upscale Shopping district of Bangkok) has slumped by over 50% in the past few months due to the recent political rally in the capital of Thailand, according to the Real Estate Information Center (REIC)

Real Estate Information Center Director-General Samma Kitsin revealed that the condominiums situated within the one-kilometer radius of the commercial district of Ratchaprasong had been severely affected by the recent UDD rally since April. Many companies have to relocate their sale offices while others have to offer special discounts and promotion packages to customers in order to sell out the remaining units.

On the big picture, condos in Ratchaprasong are likely to face difficulty in development due to the political factor that hinders customers’ decision and the rising building cost | Picture : Camilla Davidsson

The sale figures in April in the downtown Bangkok district plunged more than 50%. Some projects had absolute zero sales during the period because no one could enter the area.

via Real Estate sales at Ratchaprasong plunges 50% due to recent rally : National News Bureau of Thailand.

Real Estate

How COVID-19 regulations are changing landlord-tenant dynamics

The negotiations are dependent on the circumstances of each landlord and tenant, with landlords attempting to strike a balance between maintaining earnings and supporting tenants through the crisis period to sustain occupancy levels and income over the longer term.

Published

3 months ago

October 26, 2020

Daniel Lorenzzo

Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

(more…)

Real Estate

Why 5G is racing ahead in Asia

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

Published

3 months ago

October 12, 2020

Daniel Lorenzzo

Governments and businesses are keen to take advantage of 5G technology like High-speed connectivity, reduced latency and greater reliability

Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

(more…)

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.