Real Estate
Property Investors to Focus on top Locations
Developers looking to launch condominium projects continued to focus on the areas close to BTS stations between National Stadium station and Ekamai station along the light green line and between Ari and Chong Nonsi on the dark green line.
2010 proved to be a busy year in terms of commercial building sales in Bangkok, according to the leading international property consultant CB Richard Ellis CBRE.
Ms. Kulwadee Sawangsri, Executive Director and head of CBRE’s Investment and Land Services believes that more office buildings were sold in 2010 than in the last five years combined. During the year, the CBRE’s Investment and Land team handled the sale of six office buildings with a total value in excess of THB 5.6 billion.
The types of building varied considerably, ranging from both freehold and leasehold office investments to freehold offices sold with vacant possession after large companies decided to dispose of non-core assets.Overall investor sentiment in 2010 was positive – a marked change from 2009 when there was very little investment activity.
Last year was very active for land sales, with transactions concluded by CBRE in excess of THB 1.5 billion. The large stock-listed developers were particularly active and a number of land in the core Wireless Road and Ploenchit area were sold at prices well over THB 1 million per square wah.
CBRE handled land sales transactions for many of Thailand’s biggest developers, including Pruksa Real Estate Plc. and Noble Development Plc.
Developers focused not only on the established areas in Bangkok and sites close to mass-transit stations, but also on areas located along the mass-transit extensions and less developed areas in the centre of town, including Rama IV Road, Petchaburi Road and Si Phaya Road.
Private investors were also active, particularly in seeking land plots of 1 rai – 2 rai, primarily in the established core areas of Bangkok. Ms. Kulwadee confirms that developer interest remains strong for well located land plots, particularly either in the centre of Bangkok or along the mass transit routes. Developers looking to launch condominium projects continued to focus on the areas close to BTS stations between National Stadium station and Ekamai station along the light green line and between Ari and Chong Nonsi on the dark green line.
Read the complete story here: Bangkok Property Investors to Focus on Quality of Location | Thailand Property News.
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.
Property
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns
We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.
Corporate
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will...
Southeast Asia remains a hot spot for plastic pollution
The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water...