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Silom most expensive piece of land in Thailand

Land prices on Ratchadamri (from Ratchaprasong Intersection to Khlong San Saeb), Rama I, and Ploenchit Roads will be appraised from around 400,000 baht to 800,000 baht per square wa.

Daniel Lorenzzo

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The Treasury Department has released a new list of land price appraisals, citing Silom as the most expensive area in Thailand. The new price appraisals will be effective from July 1st onwards. Deputy Finance Minister Wirun Techapaiboon said the ministry has told the Treasury Department to enforce the new price appraisals on July 1st this year until 2015. The new price was scheduled to be enforced in January this year, but was delayed by another six months due to the flood crisis in 2011.

He said the ministry will no longer delay the enforcement of the new price appraisals given the situation in the nation has returned to normal now. Silom will remain the most expensive area in the kingdom, appraised at 850,000 baht per square wa, a 31% increase from the current price of 650,000 baht.

Land prices on Ratchadamri (from Ratchaprasong Intersection to Khlong San Saeb), Rama I, and Ploenchit Roads will be appraised from around 400,000 baht to 800,000 baht per square wa. Picture: Camilla Davidsson

The highest land price in the South will be in Hat Yai District of Songkhla, at 400,000 baht per square wa. In the North, the most expensive area will be Muang District of Chiangmai, which will go for 250,000 baht per square wa. Meanwhile, Muang District in Khon Kean Province will be worth 200,000 baht per square wa , the highest in the Northeast. The new appraisal list will cause housing transfer and registration fees to go up in accordance with the new appraised prices. Land in Silom most expensive in Thailand : National News Bureau of Thailand

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Pre-Built raises revenue target in Thailand

In the first quarter Pre-Built Plc mainly received condominium projects in Phuket and in the northern provinces of Thailand. The Phuket Post reported that the listed contractor Pre-Built Plc (PREB) has revised this year’s revenue target to THB 4 billion (US$125.4 million) from THB3.7 billion (US$116 million)

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phuket airport

In the first quarter Pre-Built Plc mainly received condominium projects in Phuket and in the northern provinces of Thailand. The Phuket Post reported that the listed contractor Pre-Built Plc (PREB) has revised this year’s revenue target to THB 4 billion (US$125.4 million) from THB3.7 billion (US$116 million) as concerns about a contractor shortage and higher costs lead developers to accelerate condominium construction. ctor shortage amid the higher costs.

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Pre-Built raises revenue target in Thailand

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Possible Signs of Movement in Office Condominiums Market

The concept of office condominiums has long existed, but today we rarely come across it in the market. The majority of office supply in Bangkok is single ownership, which means the building is wholly owned by the landlord with office space available on a rental basis. Office condominiums, on the contrary, offer outright ownership structure as a condominium project.

Daniel Lorenzzo

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The concept of office condominiums has long existed, but today we rarely come across it in the market. The majority of office supply in Bangkok is single ownership, which means the building is wholly owned by the landlord with office space available on a rental basis.  Office condominiums, on the contrary, offer outright ownership structure as a condominium project. (more…)

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Rental yields remained largely unchanged in the first quarter of this year in the downtown Bangkok condominium market, ranging from 3% to 9%, despite prices for new properties rising and no significant growth in the number of expatriate tenants. The findings appear in CBRE’s quarterly survey based on all of the company’s letting transactions for the last quarter.

Daniel Lorenzzo

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Bangkok Condo

Prospective investors in the market must understand the basics of demographics and what appeals to renters while also taking into account the trends that are likely to dictate its future. Rental yields remained largely unchanged in the first quarter of this year in the downtown Bangkok condominium market, ranging from 3% to 9%, despite prices for new properties rising and no significant growth in the number of expatriate tenants. The findings appear in CBRE’s quarterly survey based on all of the company’s letting transactions for the last quarter. (more…)

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