Thailand hotel brand Amari is set to extend its brand with the planned October opening of its Amari Residences Bangkok. The 128-room property is located adjacent to the Bangkok Hospital and within easy access of the new airport link and expressway.
Thailand hotel brand Amari is set to extend its brand with the planned October opening of its Amari Residences Bangkok.
The 128-room property is located adjacent to the Bangkok Hospital and within easy access of the new airport link and expressway. It feature a range of accommodation including 24 studios measuring 47-49 sqm in size; 92 one-bedroom apartments from 59 sqm to 84 sqm, and 12 two-bedroom units with between 81 and 84 sqm of living space.
Services and facilities at the Amari Residences Bangkok will include complimentary shuttle service every two hours to Bangkok’s Airport Link and to the city’s shopping district, a personal maid service on request, emphasis on wellness in the culinary offerings, from herbs cultivated in the hotel’s garden to healthy choices in the all-day dining restaurant, and a medical services co-ordinator.
All residences will feature fully-equipped kitchens including microwave, refrigerator and stove, a functional work space, bathrooms with separate bathtub and shower areas in the larger apartments, wi-fi Internet access, a high-definition television with satellite and cable programmes and a DVD player. The property will also offer two function rooms catering for up to 50 people.
The range of recreational facilities at the hotel will include landscaped gardens, a jogging track, a well-equipped fitness room and a rooftop 23-metre swimming pool and landscaped gardens. There will also be a Sivara Spa and Sivara Salon for pampering and beauty services.
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Thailand Real Estate Outlook
Some observers are concerned that the global financial crisis may affect the Thai real estate market. Generally, a real estate bubble occurs when property prices rise quickly in a short period, primarily from speculation – resulting in a supply-and-demand imbalance. When property prices are rising faster than the cost of money and banks continue increasing loan-to-value ratios, funding becomes easier – propelling additional speculation.
Being a developing country, the cost of property in Thailand is much lower than in the more developed European markets. But, on the other hand, prices for Thai property, in general, are rising at a much faster rate.
Many Real estate developers in Thailand have developed and implemented market research technologies and monitor the market closely.
Thailand’s property market was able to rebound from past crises and there is every reason to believe it will be able to absorb the blow of recent political tensions. The taxation situation has actually improved the conditions for purchasing property in Thailand, and if property prices do dip slightly as a result of the current situation it may actually be a good time to buy as there is a very real possibility Thailand property will regain its golden outlook soon. As a result, the financial condition of most major housing developers in Thailand is much more robust than in the past. The development of the local bond markets and increasing domestic savings has the made the industry much less dependent on foreign funds, a significant difference from 1997.