Real Estate
Raimon Land shifts to Thai buyers
Raimon Land Plc plans two condominium projects in Pattaya this year, with unit prices starting below 50,000 baht a square metre, the first mid-market developments the company has undertaken since 2004.
Raimon Land Plc plans two condominium projects in Pattaya this year, with unit prices starting below 50,000 baht a square metre, the first mid-market developments the company has undertaken since 2004.
Unit prices will start below 50,000 baht a square metre, the first mid-market development the company has undertaken since 2004.
Zire Wongamat worth 2.9 billion baht that will be located beside Wong Amat Beach.
The move is in line with its policy to shift from foreign to Thai buyers after the global financial crisis crushed most foreigners’ purchasing power in 2009.
The first low-priced project in Pattaya in 2011 is the 480-unit Zire Wongamat worth 2.9 billion baht located on Wong Amat Beach.
The unit prices will start from 1.9 million baht or 47,500 baht a sq m and the sizes will be smaller, starting at 48 sq m for one-bedroom units. At the company’s recently completed Northpoint condo in Pattaya, one-bedroom units are 70 square metres.
The company also plans another project on an eight-rai site with no beachfront in Pattaya city but is waiting to see market feedback on the Zire before launching it.
Lifestyle
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)Property
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...