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Supalai announces Bt700m home and townhouse project in Ubon Ratchathani

Published June 21, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371459

Supalai announces Bt700m home and townhouse project in Ubon Ratchathani

Real Estate June 20, 2019 15:55

By The Nation

Listed property firm Supalai Plc has introduced its latest single detached house and townhouse project, Supalai Bella Chayangkul-Kam Yai, in Ubon Ratchathani province.

The Bt700 million project will offer a starting price of Bt1.39 million per unit.

The project will start booking on June 29-30, 2019.

The project is on 60 rai (9.6 hectares) of land located close to a shopping centre, hospital and university, according to a company release on Thursday.

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Sansiri introduces Dcondo Tann Charan condo project

Published June 21, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371457

 Sansiri introduces Dcondo Tann Charan condo project

Real Estate June 20, 2019 15:48

By The Nation

Listed property firm Sansiri Plc has introduced its latest condominium project, Dcondo Tann Charan, worth Bt1 billion at a starting price Bt1.89 million per unit.

The project is located close to the blue line and also to the red line that will open soon.

The project will be opened for booking on June 22-23.

The developer aims to boost presale of condominium projects to achieve it target of Bt21.6 billion for the end of this year, according to the company release on Thursday.

Changes seen in Bangkok office market by 2022: CBRE

Published June 21, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371417

Roongrat Veeraparkkaroon, head of advisory and transaction services for offices at CBRE Thailand
Roongrat Veeraparkkaroon, head of advisory and transaction services for offices at CBRE Thailand

Changes seen in Bangkok office market by 2022: CBRE

Real Estate June 20, 2019 01:00

By THE NATION

BANGKOK’S supply of office space totalled 8.95 million square metres at the end of the first quarter of this year, increasing by 1.9 per cent year on year, according to CBRE Research.

Three office buildings were completed with a combined net area of 78,000 square metres: True Digital Park, MS Siam Tower and Ladprao Hills.

The overall vacancy rate increased from 6.6 per cent in the previous quarter to 7.5 per cent in the opening quarter of 2019. The total net take-up (growth in total occupied space) was at 41,000 square metres, decreasing by 36.1 per cent year on year.

Future office supply continued to rise in the first quarter with construction starting on six more projects. Around one million square metres of new office space was under construction, increasing from 870,000 square metres the previous quarter.

This new space will be completed between the second quarter of this year and 2022.

About 60 per cent of total space under construction in Bangkok will be grade A office space for rent in the CBD, including Mitrtown Office Tower, The PARQ (Phase 1), Vanissa Building, the Unicorn, O-NES Tower, EmSphere, One City Centre, and the first phase of One Bangkok.

With around 1.2 million square metres of office space still at the planning stage where sites have been acquired, CBRE expects to see more construction starts. This will increase the projection of future supply beyond 2021. Although there is a lot of space under construction, most of it will be completed after 2021, meaning options will remain limited until 2020. Mitrtown Office Tower and the PARQ (Phase 1) will be the only two grade A office buildings in the core CBD due for completion in 2019 and 2020, respectively.

“Tenants who need space during this period will need to plan ahead because of limited choices” said Roongrat Veeraparkkaroon, head of advisory and transaction services for offices at CBRE Thailand.

By 2022, the total supply is expected to reach around 10 million square metres. The overall office market is likely to change with new supply exceeding CBRE’s forecast demand due to the amount of new buildings being completed during this period. Meanwhile, vacancies are expected to rise in old buildings and this may force the landlords to offer attractive rents and improve the quality of their space in order to retain or attract new tenants.

The population density of office buildings will be higher because of agile working, hence buildings will need to have the lift capacity to deal with the volume of traffic. Agile working is where employees do not have allocated desks.

More people per floor will require more sophisticated air-conditioning systems to keep constant temperature in all working areas and there will need to be better thermal insulation. The greater staff numbers will also mean that tenants will consider if there are enough toilets.

Tenants are also demanding better supporting amenities in buildings. This will be a major challenge for older buildings, thereby making it harder to retain the best quality tenants.

CBRE believes more tenants will move to agile workplaces, which means they will require less space but pay more rent per square metre as they will need good quality buildings.

The key question is how many companies are willing to pay significantly higher rents to get top quality premises. This will depend on the rental gap between new grade A and older grade A and grade B buildings. If the premium for the best quality buildings is significantly higher than for older buildings, it may be difficult for tenants to get approval for an increased rental budget.

Origin to launch six condos in Bangkok

Published June 21, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371313

Origin to launch six  condos in Bangkok

Real Estate June 19, 2019 01:00

By The Nation

2,644 Viewed

Listed property firm Origin Property Plc will launch six Bangkok condominium projects under “The Origin” brand, with unit prices starting at Bt1.29 million.

The first project, “The Origin Ram 209 Interchange”, worth Bt1.9 billion, is located close to the Orange-Pink monorail line. It will be launched on July 29, according to a company release yesterday.

GSB, GHB to provide Bt4bn in fixed-interest loans to developers under Pracharat Resident programme

Published June 18, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371250

 GSB, GHB to provide Bt4bn in fixed-interest loans  to developers under Pracharat Resident programme

Real Estate June 17, 2019 18:33

By The Nation

The Government Savings Bank (GSB) and Government Housing Bank (GHB) are to provide loans worth Bt4 billion combined with a maximum interest rate of 3 per cent a year for developers of residential projects under the Pracharat Resident programme, on land owned by the Finance Ministry’s Treasury Department.

GSB president and chief executive officer Chatchai Phayuhanaveechai on Monday said the state bank’s loans would be provided for development under the first phase of the programme for a combined 2,000 units priced at between Bt350,000 and Bt700,000 each.

GHB president Chatchai Sirilai said his bank would provide both loans for companies that develop residential projects under Pracharat Resident, and also mortgages for customers who buy homes priced up to Bt1 million.

The state bank will offer a fixed interest rate of 3 per cent for property developers in the first three years, and then the minimum lending rate minus one percentage point in the fourth and fifth years.

GSB customers who apply for a mortgage will get a fixed interest rate of 2.75 per cent for the first four years, followed by the minimum retail rate minus 0.75 percentage point for the remainder of the loan period, Chatchai said.

The bank’s programmes for both property developers and home-buyers will start next year, the GHB chief added.

Residential projects worth Bt147bn launched in greater Bangkok from January to May

Published June 18, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371245

Residential projects worth Bt147bn launched  in greater Bangkok from January to May

Real Estate June 17, 2019 17:59

By The Nation

New residential launches in Bangkok and its suburbs in the first five months of the year comprised 37,608 units, worth Bt147.2 billion at an average of Bt3.92 million per unit, the Agency for Real Estate Affairs reported on Monday.

Sixty-six per cent of the newly launched projects were condominiums, 18.5 per cent were townhouses, and 10.2 per cent were detached houses, AREA said.

Residential prices rise in 10 of 42 Asian countries

Published June 18, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371186

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Residential prices rise in 10 of 42 Asian countries

Real Estate June 17, 2019 01:00

By Somluck Srimalee
The Nation

Ten countries in Asia are among 42 around the world to see a rise in residential prices over the past year, according to the latest research by the International Monetary Fund or IMF.

The research survey of residential prices in 63 countries, found 21 countries had recorded a drop in residential prices in the third quarter of 2018 compare with the same 2017 period, while 42 counties recorded a rise in residential prices.

Hong Kong continues as the world’s residential market leader, with its prices jumping nearly 15 per cent for the third quarter of 2018 compared to 2017, the biggest rise in the world.

Meanwhile, Singapore’s residential prices also increased above 10 per cent for the same period, ranking fifth in the latest IMF survey.

The Philippines ranked 13, with a price rise of about 6 per cent, while Thailand ranked 16 with price growth of up to 5 per cent, and China placed 25th with a price rise of nearly 5 per cent.

Japan ranked 33, also with a rise of nearly 5 per cent, while Taiwan came in 35th with a nearly 3 per cent bump, India also saw a nearly 3 per cent rise to place 36th, Malaysia ranked 39 at nearly 3 per cent, and Indonesia placed 42nd with a residential price rise of nearly 2 per cent for the third quarter of 2018 over 2017.

Meanwhile, the fifth annual Global Living Report from CBRE, a realestate services and investment firm, also found three Asian cities with high residential prices.

Top was Hong Kong, at an average of US$1.23 million per residential unit (about Bt39.52 million), followed by Singapore at $874.372 per unit (Bt27.97 million) and Shanghai in China at $875,555 (Bt27.92 million). Property price in Bangkok, ranked 33rd, stood at an average of US$106,383 per unit (Bt 3.4 million).

CBRE profiled the property market across 35 major cities. The results highlighted that investments in urban areas, such as transport infrastructure, connectivity, retail, cultural centres and housing, were key drivers of economic growth.

The biggest year-on-year growth was experienced in double-digits by Barcelona (16.9 per cent), Dublin (11.6 per cent), Shanghai (11.2 per cent) and Madrid (10.2 per cent). London remained one of the top 10 performing global cities, with an average property price of Bt20.7 million ($646,973) although growth was down to 1.1 per cent.

“House prices increased yearonyear across 30 out of the 35 cities we looked at, although generally at lower rates than previously,” Jennet Siebrits, head of residential research at CBRE UK, said. “In general, CBRE is seeing house price growth slow across our cities as we move towards the end of a long property cycle. We would expect increasing interest rates to be affecting cities in the US, and various cooling measures affecting the Asia Pacific region, although Shanghai still saw robust growth.”

Six out of the 10 cities experiencing highest growth in house prices were in Europe, she said. “Three of these – Barcelona, Madrid and Dublin – all suffered severe price falls during the financial crisis and took much longer to recover from the economic downturn that followed. Now [that] they are recovฌering they are showing significant growth. In comparison, London recovered much faster after the downturn and is now further into the cycle.”

Chinese investors shine in Asian realty

Published June 18, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371185

  • A single-detached housing project, under the concept of a lake resort, to be developed in a joint venture between Thailand’s Property Perfect Plc and Hong Kong-based Hong Kong Land.
  • The Architect
  • An Aeon shopping centre in Phnom Penh, one of two Aeon centres in the city. Cambodia shows strong confidence in foreign investors continuing to expand their investment in the country.
  • A perspective of the Bt10-billion One9Five on Rama 9 road, to be developed in a joint between a Thai developer and China’s TC Development Co Ltd.

Chinese investors shine in Asian realty

Real Estate June 17, 2019 01:00

By Somluck Srimalee
The Nation
Phnom Penh

2,812 Viewed

China-dominant investment in property spreads across the region, transforming  the look and affordability of Cities.

Land and residential prices in Asean countries have been rising as investors from China expand their purchase of property in the region.

For example, the price of land in Cambodia has been increasing by up to 20 per cent a year since 2017, with residential and commercial prices in the country boosted by over 10 per cent a year from 2017 until now, Jirawuth Suwannaarj, the director and minister counsellor (commercial) of Cambodia’s International Trade Promotion Department of the Commerce Ministry, said in a recent interview with The Nation.

He added that investors from China made property and construction sector investments in Cambodia worth US$315 million (Bt9.7 billion) in the first four months of this year. Some 226 China-based construction firms had registered by April 30, 2019 to do business in Cambodia, followed by Vietnam with 26 registered companies and Thailand with 14.

“The Property market in Cambodia still has strong growth with Chinese investors expanding their investments in that country,” noted Jirawuth. His department is negotiating with China’s commerce representative in Cambodia to find opportunities for Thai firms to link with Chinese firms to expand their investment in the property and construction sector there.

In Thailand, the number of Chinese buyers of condominiums jumped dramatically over the last two years, with some developers reporting that up to 50 per cent of their condominium sales were to foreigners, mainly Chinese purchasers. Developers are now reporting that they have sold out the 49 per cent foreign quota in some condominium buildings, a situation that has rarely happened in the past, according to the latest research by CBRE property agency firm.

“China will continue to be a growing source of demand for Thai propฌerty, but that demand may be volatile and fluctuate based on sentiment and vary from sector to sector. Chinese direct investment in property development through joint ventures is also likely to increase,” said James Pitchon, the head of research and consulting for CBRE Thailand.

Globally, China has been a major driver of investment flows into real estate. CBRE Research data shows that Chinese outbound investment in real estate rose from US$8 billion (Bt250 billion) in 2013 to just under $35 billion (Bt1.09 trillion) in 2017.

China still accounts for the largest source of foreign capital for real estate markets in the Asia Pacific Region, and the slowdown in capital deployment is likely to be the start of a new chapter rather than the end of the story of Chinese investment in overseas real estate. According to LPN Development Plc’s chief executive officer and managing director, Opas Sripayak, the demand for condominiums among investors from China have boosted condominium price increased by over 10 per cent between 2017 and now.

The investment has also boosted land prices in central business districts by between 5 and 10 per cent per year, Opas said.

“Demand from Chinese customers changed the business model of the property sector in the country from 2017 until now. It has also had an affect on residential prices in some locations, which are now higher than the purchasing power of domestic customers. [Local people] cannot buy residential in the central business district when the price is above what they are able to pay,” he said.

Prasert Taedullayasatit, honorary chairman of the Thai Condominium Association, said the 2018 property market recorded a total sales value worth Bt512.17 billion, up 18 per cent from 2017, for all 121,193 units combined. That Bt512.17 billion included Bt293.72 billion from condominium projects, up 19 per cent from 2017 and spread over 70,066 units. Next was Bt122.58 billion from single detached houses, up 22 per cent from 2017, spread over 18,601 units. The remaining Bt87.57 billion from townhouses was up 13 per cent over 30,914 units.

“Most condominium projects sold last year included sales of up to 20 per cent to Chinese investors, which includes both the individual investors and the brokers and agencies who bought more condominium units than they could sell to individual investors on the China mainland,” Prasert, who is also CEO of premium products for Pruksa Real Estate Plc, said.

Following strong demand for condominium projects in the past year, which set national records for both sales value and the number of units, there is now a boost to land and residential prices as they rise up to 10 per cent a year to meet the continuing strong demand from Chinese buyers, he said.

Myanmar’s property market is also experiencing a boom from expanding foreign direct investment, especially from Chinabased investors, according to Colliers International reports.

The Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in the present fiscal year 2018-2019 (which began in October last year), according to the Directorate of Investment and Company Administration (DICA).

US$1.2 billion in FDI flowed into the country’s real estate sector in the fiscal year 20172018, trailing only the $1.7 billion that went into manufacturing in the same period, according to a DICA report. Singapore and China were the largest investors in Myanmar, pumping $2.1 billion and $1.3 billion, respectively, or more than 60 per cent of approved FDI, reported Colliers.

The strong investment in Myanmar’s property sector also boosted the rise in the country’s land and residential prices, the property agency said. Vietnam’s foreign direct investment (FDI) in the first four months of this year recorded over $7.4 billion, witnessing a year-on-year rise of 28.6 per cent, according to recent reports from the country’s Foreign Investment Agency. Of the fresh FDI of more than $5.3 billion, 74.1 per cent was poured into the processing and manufacturing sector, 9.9 per cent into the real estate trading sector, and 16 per cent into others.

China was the biggest investor among the 51 countries to expand their investment in Vietnam. Investments from China reached above $1.3 billion and accounted for 24.6 per cent of the total registered capital, followed by Singapore with US$699.7 million, noted the agency under the Ministry of Planning and Investment said, adding that Vietnam licensed 187 Chineseinvested projects in the period.

According to the latest research survey by Knight Frank, the direct investment in the property sector in Asia Pacific reached $90 billion worth of capital and beat Europe ($83 billion) and North America ($80.9 billion) as the largest source of cross-border real estate capital in 2017.

The report also noted a rise in cross-border real estate capital from other Asian countries including Hong Kong, which increased capital by 41 per cent to $20.5 billion. Meanwhile, Singapore’s crossborder capital climbed 35 per cent to $19.9 billion in 2017. South Korea ($8.6 billion), Japan ($3.1 billion), Australia ($1.7 billion), Taiwan ($1.7 billion), Thailand ($1.1 billion), Malaysia ($500 million) and India ($300 million) also contributed to making the Asia Pacific nations the largest source of cross-border real estate capital.

“The increase of cross-border capital emanating from the Asia Pacific region demonstrates the growing confidence and comfort of many different types of investors in this region [who are] sourcing and executing on opportunities outside their home jurisdictions,” Knight Frank Asia Pacific research head Nicholas Holt said.

Famed designer debuts first project in Thailand

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371088

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Famed designer debuts first project in Thailand

Real Estate June 14, 2019 15:23

By THE NATION

The interior designer of New York’s most expensive condominium building, Danish-born Thomas Juul-Hansen, is debuting his first project in Thailand with the launch on Friday of Scope Langsuan residential condominium.

Scope Langsuan is situated on the most expensive piece of freehold land transacted in Thailand in 2018, at Bt3.1 million per square wah. Sample residences are slated to open for viewing on July 17, 2019, at the Langsuan Road site. Thomas Juul-Hansen is the designer of the interiors of New York’s One57, nicknamed “The Billionaire Building”. One57 held the record for the most expensive home ever sold in the city until January 2019 with the sale of a Bt3.2 billion (US$100.5 million) residence, and it was also the tallest residential building in New York City when it opened in 2014. Long-time property development innovator Yongyutt Chaipromprasith and Chief Executive Officer of the development company Scope, said: “We’re a disruptive developer, focusing exclusively on designing and building top, international standard premium homes and we cater to a new generation who seek homes where the design and build quality match the very best available in New York or London. So, we’ve teamed up with the best partners in the world. “Scope Langsuan is our reference project. It combines international premium standards and excellent design, with one of Bangkok’s best locations on super-prime Langsuan Road. Scope Langsuan has 158 residences and one commercial estate, rises 34 floors, is only 170 metres from Chidlom BTS station, and has a project value of over Bt7.8 billion.” Yongyutt said that the company has invested the highest design fees, ever, for a Bangkok condominium of this size because “we know that supreme comfort, functionality, convenience, and good taste in a residence have to be ‘designed in’ from the beginning and into every aspect of the home, and down to the smallest detail. And with great design and build quality, there will always follow strong, long-term property value appreciation.” He added: “We have also joined hands with one of the world’s most admired architectural design firms, KPF (Kohn Pedersen Fox) for the exclusive consult of architectural design of Scope Langsuan. Many of their buildings around the world have become city landmarks and they will help make Scope Langsuan a stand-out residential building in Bangkok.” New York-based KPF designed Shanghai’s iconic World Financial Centre, the International Commerce Centre that dominates Hong Kong’s skyline as its tallest and most extraordinary skyscraper, South Korea’s tallest building, the 123-floor Lotte World Tower, as well as New York’s Hudson Yards, which is the largest private real estate development in the Un

Property developer invests Bt1.5 billion in Rangsit

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30371039

Property developer invests Bt1.5 billion in Rangsit

Real Estate June 13, 2019 16:10

By THE NATION

The Creators HQ says it has invested as much as Bt1.5 billion to build a premium condominium under the “Common TU” brand in Rangsit.

Apartments range from 26 to 51 square metres with prices starting at Bt2.2 million. The developer said they were ideal for students and property investors.

Chaiwat Jaktae, managing director of Creators HQ Co, Ltd, said: “Common TU is our first foray into the new premium high-rise condominium segment in the Rangsit area following the success of our ‘Conner Ratchthewi’ project which sold 75 per cent of its homes within three months. This time, the Creators HQ chose the golden location of Rangsit as our ‘beachhead’ in outer Bangkok as it is an attractive location for investors. The location is excellent in terms of ease of travel to the country’s northern, northeastern, and eastern regions, including close proximity to leading universities as well as major department stores and numerous industrial estates.”

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