Property

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Hotel investments in Asia-Pacific on the rise: report

Published November 1, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377926

Hotel investments in Asia-Pacific on the rise: report

Oct 31. 2019
Mike Batchelor

Mike Batchelor
By THE NATION

540 Viewed

Hotel transaction volumes in the Asia-Pacific region are expected to increase by 25 to 30 per cent year-on-year to more than US$11 billion in 2019. real estate consultancy JLL said this week.

“Despite a cautious economic climate and wider political headwinds, hotels in Asia Pacific present an attractive yield profile amid booming tourism demand, in the context of falling interest rates and bond yields,” said the consultancy’s chief executive Mike Batchelor.

“Much demand this year has been buoyed by private equity firms, developers and domestic clients. This leads us to believe that 2019 will be the third most highly-transacted year in the past decade. To date, only 2017 and 2015 have surpassed the $11 billion threshold.”

According to JLL, the first nine months of the year have already seen $7.8 billion worth of hotel investments in the region. Thanks to Japan and its series of mega events such as the 2019 Rugby World Cup, 2020 Tokyo Olympic Games and 2025 World Expo, the country has reached close to $3 billion of transaction volumes so far.

“These tourism drivers will boost the need for accommodation assets, with investors looking to capitalise on the wave of demand. Japan is the region’s top performing market and forecast to hit a record high of US$4 billion in transaction volumes this year,” adds Mr Batchelor.

Across the region, the hotel market outlook remains positive. Over in China, softening office leasing demand and sluggish retail sales have turned investors’ attention towards hotels, where trading performance has been resilient.

Elsewhere, Singapore has seen a few landmark deals this year. In September, JLL advised OUE Limited in an agreement to sell Oakwood Premier OUE Singapore to a Hong Kong joint venture for $209 million. Most recently, JLL concluded the US$344 million agreement to sell Andaz Singapore in the largest single-hotel asset transaction ever in the island city’s history.

The JLL report reveals that while domestic investors have been active in their home markets, particularly in Japan and China, there remains an influx of foreign investment looking to tap into the region’s strong tourism growth and high yields.

South Korea, for instance, has seen a spike in international investor interest this year. Overseas investors are gaining increasing access in a tightly-held market as more institutional investors look to exit their investments after the pre-specified hold periods.

“Up until 2015, transactions in South Korea were almost purely domestic, but today cross-border deals make up about a quarter of total transactions. As the market matures further, we can expect foreign investors to make up a larger proportion of trading volumes,” noted Nihat Ercan, managing director and head of Investment Sales Asia for JLL Hotels & Hospitality.

Another recipient of continued foreign capital is the Maldives. Its reputation as a sought-after tourist destination has attracted more than $260 million in cross-border deals alone this year.

“As both overseas and domestic investors seek out higher yielding opportunities across Asia Pacific, the hospitality sector will continue to shine,” Ercan said. “We’re confident that this investment momentum will continue to drive the region’s hotel transaction volumes going into 2020.”

Govt cutting property transfer, mortgage fees might not be as effective as expected

Published October 28, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377789

Govt cutting property transfer, mortgage fees might not be as effective as expected

Oct 27. 2019
By The Nation

523 Viewed

The government has launched a new economic stimulus measure to boost the real estate business by lowering property transfer fees from 2 per cent to 0.01 per cent and mortgage fees from 1.0 per cent to 0.01 per cent for buying condominium units priced at not over Bt3 million.

Also, the Government Housing Bank will offer loans for the purchase of real estate with a total limit of Bt50 billion. The interest will be stable at 2.5 per cent in the first three years, will rise to 4.625 per cent between the fourth and fifth years, and will have to be repaid with up to 1 per cent of Minimum Retail Rate (MRR) for people with welfare or 0.75 per cent for retailers, which will be 6.625 per cent a year from December 24, 2020.

Sopon Pornchokchai, president of the Agency for Real Estate Affairs, who are independent property consultants, said the measures had their pluses and minuses. The good news was that the measure allowed customers to repay at a lower rate and the bad news is it might be a trap for real estate buyers because even though the measure seemed to help people with low or average incomes trying to buy affordable houses, it actually supported land developers as it only allows customers to buy houses from developers, not second-hand houses.

He said the Bt50-billion loan limit might cover only 1.7 per cent of the total value of new property and might not be as effective as expected. In the first three years, even though the interest was low, the customers did not repay the principal amount and in the sixth year, the bank can adjust the MRR to any rate which could be higher helping the bank to collect more fees.

Lowering the transfer and mortgage fees may encourage people to buy houses but may also cause loss of revenue in a developing country. “We need to raise awareness of the importance of paying taxes for buying houses at the full price and 1.5 per cent interest, which would allow the government to have a higher capital budget,” said Sopon.

Sharp decline in new condo projects in first nine months of 2019

Published October 27, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377771

Sharp decline in new condo projects in first nine months of 2019

Oct 26. 2019
By THE NATION

764 Viewed

There has been a sharp decline in the number of new condominium projects in the first nine months of 2019, according a Colliers International Thailand survey.

he survey said 71 projects were launched in the Bangkok area with the 29,132 condo units worth Bt170 billion, 16,008 units or 35.5 per cent lesser than in the previous year.

The survey found that many of the condominiums launched in the first half of this year were purchased by foreigners, especially the Chinese.

“The district where most of the companies launched their projects was Huai Khwang, with 3,247 condo units,” said the company. “In this area, the Chinese investors focused on buying projects in CBD areas such as locations along the Rama IX to Ratchadaphisek roads”.

Regarding the areas around along the mass transit railway line, the survey found that 12,426 units or 42.65 per cent were developed along the BTS line in the first nine months of the year, while condominium units along the MRT line were 6,407, or 22 per cent. About 10,300 units, or 35.5 per cent, were in the areas of under-construction railway lines and other areas.

In addition, when looking closely at the stations of both the BTS and MRT lines, most of the condominium projects were launched around the Talat Phlu station — 2,872 units — with Bt9.242 billion investment value. The other station where most of the projects were crowded were around Punnawithi, with 1,555 condominium units worth Bt12.496 billion investment value, and the third station was Ratchathewi, with 1,417 units and investment value of Bt17.200.

“Over 65 per cent of the projects developed were by big property entrepreneurs listed in the Stock Exchange of Thailand as the land price around the BTS and MRT stations rose steeply,” the company explained, adding that this caused “small and medium-sized entrepreneurs to recede from this expensive competition to invest in cheaper areas or areas along the new railway stations that are under construction”.

Office space in CBD at a premium as rents soar

Published October 24, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377669

Office space in CBD at a premium as rents soar

Oct 23. 2019
By THE NATION

812 Viewed

Colliers International (Thailand) reported this week that the average office rent in Bangkok was at the highest level for several years as demand continues to soar.

At the end of the third quarter of 2019, 95.7 per cent of the total 8,387,207 square meters of office space was occupied, leaving just 377,692 sqm available for rent.

“Lumphini is the area with the highest utilisation rate at 96.5 per cent,” said Phattarachai Taweewong, Collier’s associate director of research. “The average rental price in this area increased more than 6 per cent over the previous quarter due to its amenities, namely shopping malls, parks, hotels, transportation including BTS and MRT, and also its security.”

Rentals continue to increase in all parts of Lumphini with top-grade office buildings in the central business area particularly popular. “These increases in price will possibly affect the average rent of new office buildings that are nearing completion,” Phattarachai added. “Some companies plan to increase their rate to more than Bt1,600 per square metre per month.”

“Moreover, in the third quarter of this year, we found that the rental price of the top grade office buildings in the central business area ranged between Bt1,500 and Bt1,600 per square metre, the highest rental rate for office space in Bangkok” said the associate director. “It is a trend that we foresee will continue.”

Residential developers turn to eastern Bangkok

Published October 10, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377237

Residential developers turn to eastern Bangkok

Oct 09. 2019
By THE NATION

830 Viewed

The new Krungthep Kreetha road in eastern Bangkok has become the latest destination of residential property developers where new projects are cropping up.

Piya Prayong, Chief Executive Officer of Pruksa Real Estate told Thansettakij newspaper that the eastern part of Bangkok is now the red ocean of land developers.

It is also the company’s golden area as 40 per cent of its horizontal project portfolio is concentrated in this zone.

The company has around 100 rai of land in the Krungthep Kritha-Wongwaen area, where it developed two projects and will launch another two residential development.

Chainid Adhyanasakul, chief executive officer of Property Perfect, said that the new Krunthep Kreetha road is considered a strategic transportation location linking Suvarnabhumi Airport with central Bangkok. It is also not far from the motorway and Airport Rail Link which will be connected with the Orange Line mass transit route running from the Thailand Cultural Centre to Minburi on the outskirts of the city.

Centara signs joint agreement for first Japan hotel project

Published October 4, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30377020

Centara signs joint agreement for first Japan hotel project

Oct 03. 2019
By THE NATION

1,095 Viewed

Centara Hotels & Resorts, a leading hotel operator in Thailand, has joined with Japan’s Taisei Corporation and Kanden Realty & Development, to bring the Centara brand to Japan.

The three companies on Thursday (October 3) announced they had signed an investor agreement for Centara Grand Hotel Osaka, an upper upscale property with 515 keys that will occupy a gleaming 34-storey tower on a prime site in Osaka’s Namba district, the centre of leisure tourism for the city and the wider Kansai region. Centara’s first property in Japan is scheduled to open in mid 2023.

From left: Masahiro Takagi, Executive Officer and General Manager of Development Promotion Department, Kanden Realty & Development Co.,Ltd.; Munetaka Isoda, Director and Managing Executive Officer, Kanden Realty & Development Co.,Ltd.; Akehiko Tomita, Deputy Chief of Urban Development Division, Taisei Corporation; Katsuyuki Kanai, Senior Managing Executive Officer, Taisei Corporation; Suthikiati Chirathivat, Chairman of the Board, Centara Hotels & Resorts; Thirayuth Chirathivat, Chief Executive Officer, Centara Hotels & Resorts and Ronnachit Mahattanapreut, Senior Vice President of Finance and Administration, Centara Hotels & Resorts.

The investment partnership between Centara Hotels & Resorts, Taisei Corporation and Kanden Realty & Development marks Centara’s entry into one of the world’s most popular tourist destinations.

Osaka is a key gateway city and Japan’s third largest city, with a population of 2.7 million. Additionally, it is one of the leading Japanese destinations for international visitors, second only to Tokyo, and is considered the cultural heart of the nation. Along with popular attractions such as Universal Studios Japan and the city’s proximity to Kyoto, Kobe and Nara, Osaka is expected to see a further boost in tourism when the city hosts the World Expo in 2025.

“Extending the Centara footprint to Japan has been a long-term strategic objective for the company, and this is a major milestone for the Centara brand as we have successfully added the 14th country to our portfolio,” said Thirayuth Chirathivat, Centara’s CEO. “This an exciting opportunity to partner with Taisei and Kanden Realty & Development, whose outstanding track records have earned leading positions in construction and property development. We are looking forward to making Centara’s debut and ongoing development in other Japanese cities a great success.”

Katsuyuki Kanai, the senior managing executive officer for Taisei Corporation, said, “This project is in Namba, an important and bustling district of Osaka and a place of international exchange. It is directly connected to Kansai International airport, making it one Japan’s major gateway cities to the world. It is really a significant milestone both to Japan and to Taisei that Centara, representing Thailand in tourism and hospitality, has embarked on this venture in Namba, the perfect location in Japan for the development of an upper upscale hotel.”

Munetaka Isoda, the managing executive officer for Kanden Realty & Development, said, “As a major property development company based in Osaka, we are honoured to play an important role in this joint investment project to develop Centara Grand Hotel Osaka with such a significant and established Thai partner, Centara Hotels & Resorts, and with Taisei Corporation, which has a long and proven record of success. We are committed to working with you in making every effort to ensure the success of this project and we wish you all a very warm welcome to Osaka.”

The newly built hotel will occupy a stunning new 34-storey tower overlooking Namba Parks, with 360-degree views of the city, according to the release. The top floors will include a lounge along with customisable space for meetings and events, plus a rooftop restaurant sky bar providing panoramic views in every direction.

Facilities will include award winning Spa Cenvaree, a fully equipped fitness centre, a diverse selection of restaurants and banquet facilities. The hotel’s spacious lobby will welcome guests with touches of Thai and Japanese style and ambience.

The hotel location puts guests at the doorstep of some of Osaka’s leading entertainment, shopping and cultural attractions, popular with visitors and locals alike. A few steps away is Namba Parks, an architectural marvel and the city’s most distinctive mall, complete with a massive rooftop garden with cliffs, ponds, streams and waterfalls, making it a must-see for tourists. The Namba area, also known as Minami, is home to countless restaurants and bars, shopping venues, an electronics district, as well as one of Osaka’s most revered Shinto shrines.

Centara sees the addition of its first property in Japan as further proof of its expansion strategy, which calls for doubling the number of properties under its management by 2022.

Bangkok Citismart – a one-stop service centre for property buyers/renters

Published October 1, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30376907

Bangkok Citismart – a one-stop service centre for property buyers/renters

Sep 30. 2019
Life One Wireless-Photo by AP (Thailand) Plc

Life One Wireless-Photo by AP (Thailand) Plc
By The Nation

545 Viewed

Bangkok Citismart Co Ltd (BC), a property agent under AP (Thailand) Plc, is offering one-stop-service solutions under the digital property agent ecosystem.

 

The company said it has set up an ecosystem to manage the purchase, resale and rental of properties and will also provide investment advice via a real-time digital platform. It will also work with 10 Thai and foreign partners to continuously deliver value return on all kinds of property assets under its management, BC’s managing director Kayon Tantichatiwat told the press on Monday (September 30).

In order to achieve its target, BC is setting up online centralisation, online networking and providing property consultation via Cloud.

For online centralisation, the company has brought together assets it is managing, such as condominiums, single-detached homes or townhomes, in seven prime locations across Bangkok so people can easily find residences in preferred locations. The BC Membership Dashboard also allows resellers and renters to manage their assets on a real-time basis.

BC’s teaming up with 10 partner digital platforms in Thailand and overseas is creating business opportunities and value return on all assets, has resulted in the biggest community for purchase, resale and rental in the world, and built a database in Thailand, Asia and Europe. The goal is to get assets under BC’s care digitally to win at least 96 million views per month or at least 4.8 million clicks per month by the end of this year.

Consultation via the Cloud involves providing all the information customers require before they can decide whether to buy, resell, rent out or invest as well providing market trends in categories that are of interest to customers. The platform, which can be accessed any where and at any time, also includes six features to accurately resolve customers’ pain points, including trend search, BKK 7 Zones, GURU Review, Innovative Map, Forecast Rate and Mortgage Calculator.

As for resale trends in the property market, especially condominiums, there are still plenty of opportunities. The main factor is the continuously rising price of land, which has resulted in the resale market becoming interesting once again. For instance, there’s a gap in the average price of condominiums in the Ploenchit-Chidlom area based on five-year data.

The difference between new condominiums and resale ones is around 40 per cent on average. Capital gain from the resale of luxury properties going for between Bt150,000 and Bt200,000 per square metre has risen by 5.92 per cent, reflecting clear opportunities in the resale market.

Among AP Thailand’s recently completed and ready-to-move-in flagship luxury condominiums, Life One Wireless on Wireless Road can be highlighted, given the potential of its beautiful location, good resale value in comparison to new projects as well as a limited supply of new properties in the area. Since the average resale value of Life One Wireless is around Bt179,000 per sqm versus the Bt330,000 per sqm average presale price of 2019 projects, it is destined to be another well-received development.

Developers flock to Bangna as district taking on new role

Published September 30, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30376864

Developers flock to Bangna as district taking on new role

Sep 30. 2019
By Somluck Srimalee
The Nation
380 Viewed

Property developers plan to invest Bt227 billion, from 2017 to 2026, in the eastern Bangkok district of Bangna in view of the area becoming a new business hub and a linkage between the capital city and the Eastern Economic Corridor (EEC).

Several real estate developers have expanded their portfolio to the location  since 2017 with the development of  commercial buildings (retail, office, and hospitality) and residential projects.

The Mall Group plans to invest more than Bt10 billion next year  in the development of Bangkok Mall at Bangna intersection.

SF Development Co Ltd  is building a mixed-use project, Megacity Bangna, on a 200-rai ploy next to Mega Banga. The Bt67-billion complex, scheduled for completion in 2017, comprises office and residential buildings, a hotel and a hospital.

Meanwhile, Central Group has inaugurated Central Village – a Bt5 billion project,  as Magnolia Quality Development Corp announced a Bt90 billion mixed-use project, Forestias, at Bangna km 7.

Other developers – including LPN Development Plc, Ananda Development Plc, Property Perfect Plc, Land and Houses Plc, Sena Development Plc – have also branched into the area.

BTS Group Holdings Plc plans to invest Bt5-billion in an international school at the site of its existing residential property, Thana City.

“We see demands for an international school in Bangna, following the Bangkok Metropolitan Administration’s plan to develop a monorail system from Bangna to Suvarnbhumi that will connect with the BTS-Bangna station ,” BTS Group Holdings Plc’s chairman Keeree Kanjanapas said recently.

Number One Housing Development Co Ltd decided to launch a single-detached house project, Blue Lagoon, in the location because of the government’s policy to develop a mass  transit route linking the area to the EEC, said managing director Sutham Suwannapasri.

“Land prices in Bangna have increased by seven to eight per cent in line with the rising demand for residential projects,” Sutham added.

Teak Development Co Ltd’s chief executive officer Warut Panupattanapong said  the company is planning  a twinhouse or townhouse project in Bangna on a ten-rai plot, pending result of on-going  negotiations with the land owner.

“Property firms will have to launch both residential and commercial properties in the location as it develops into a new business district in the eastern part of Bangkok,”  said a real estate analyst.

Meanwhile, property agency CBRE said demand for warehouses has shown strong growth  in line with progress of  the e-commerce business, adding that Bangna-Trade road ( from km 18 to 24) is recommendable  for warehousing and logistics business, given its close proximity to the Eastern Economic Corridor.

DDproperty Property Market Outlook 2019 said the prices of townhouses in Bangna had risen nine per cent last year from 2017 amid growing demand, second only to the 10 per cent increase in Sathorn.

Vietnamese work space provider invests in the Thai market

Published September 25, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30376687

Vietnamese work space provider invests in the Thai market

Sep 25. 2019

Photo by:UPGen

Photo by:UPGen
By The Nation
321 Viewed

Vietnam based UPGen, the largest flexible and custom work space solutions provider, marked a major milestone today as the Group announced its expansion into Southeast Asia that will see it launching new sites in both Bangkok and Kuala Lumpur in the fourth quarter of 2019.

The new sites will span nearly 10,000 square metres, increasing UPGen’s existing portfolio of smart office space managed across Hanoi and Ho Chi Minh City. UPGen is also strengthening its market-leading position in Vietnam by rolling out another 50,000 sqm of spaces in the country.

The continued expansion follows a significant equity investment by Northstar Group in 2018. A series B fundraising is currently underway.

“Southeast Asia’s economy is rapidly expanding, yet the region lacks an infrastructure which supports and enables fast-growing corporates or start-ups as they move through different stages of growth. I am excited to introduce our disruptive coworking model in Bangkok as well as Kuala Lumpur, two markets that faces unique challenges. We offer a solution to the real pain points which hinder growth in the Vietnamese cities that we operate in and see great potential for our approach and services in other, comparable, Southeast Asian cities. For us, it is about being a platform for growth for our clients and helping them achieve the success to which they aspire,” co-founder Nam Do said

UPGen’s flexible, 360-degree approach to managing work space means a client’s space has its own look and feel, equipped with the necessary tools for employees to do their job better, function efficiently, as well as be more productive. UPGen offers two main solutions to clients; UPBase – shared workspaces and UPScale – one-site custom solutions. UPBase helps clients create performance boosting work spaces with the flexibility and room to grow or downsize as needed one month to the next while UPScale creates a space for companies that is totally unique to their corporate style and has their own look and feel.

Many fast-growing corporates and start-ups call Thailand and Malaysia home. Small and medium enterprises (SMEs) make up more than 98 per cent of total enterprises in both countries and generate about 40 per cent of GDP. UPGen’s flexible work spaces provide a low-cost solution for businesses with fast-growth in headcount or looking for better space in a prime location, offering smart financing solutions by turning capital expenditure into sustainable, monthly operating expenses including the cost of the work space’s design and fittings.

Founded in Hanoi in 2016, UPGen is one of only a few home-grown work space operators to be pursuing regional expansion. As the country’s key community builder, the Group also helps create exposure, enables connectivity in the ecosystem, supports scalability, and attracts talent for clients. The corporates and start-ups it currently works with include Tiki, Vietnam’s largest e-commerce retailer, ride-hailing firm Be Group, dynamic media company Yeah1 and Standard Chartered, among others. UPGen also counts Vietnam’s VPBank as strategic partner.

Supalai announces latest condo project

Published September 25, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30376674

Supalai announces latest condo project

Sep 24. 2019
Perspective Supalai Lite Thaphra-Wongwian Yai/Photo by Supalai Plc

Perspective Supalai Lite Thaphra-Wongwian Yai/Photo by Supalai Plc
By The Nation

91 Viewed

Supalai Plc, a listed real estate developer, has introduced its latest condominium project, Supalai Lite Thaphra – Wongwian Yai.

Project value Bt1.24 billion in investment, unit prices of the project start at Bt1.98 million.

The project comprises 419 units – ranging from studio, one bedroom, two bedrooms, and three bathrooms with usable space between 28 to 99.5 square metres each, said Tritecha Tangmatitham, the company’s managing director today (September 24). Booking is scheduled for October 19-20.

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