Ratchadaphisek, Chaeng Wattana among revised zones The changing face of Bangkok has led the Bangkok Metropolitan Administration’s City Planning Department to recommend changes in land use in 29 locations in the capital and its suburbs. The department’s deputy director MR Premsiri Kasemsan told The Nation earlier this week that the changes would come into effect [...]
Tag Archives | Bangkok Property
MBK expands into property
The operator of MBK shopping centre in the heart of Bangkok Siam area is turning its focus to property. MBK Plc plans to spend some THB2 billion (US$65.4 million) each year in the coming years to develop retail and property projects in Bangkok and upcountry. CEO Suvait Theeravachirakul said the new business venture will double [...]
Tax benefits questioned
The government’s housing incentive scheme will be unfair to low-income earners and discriminate against buyers of second-hand and self-built homes, which have as big a multiplier effect on the economy as new homes do, say industry executives. Since the incentives do not cover self-built homes, the Home Builders Association wants the government to refund the [...]
Tax deductions for up to half a million baht
Tax incentives for first-time home buyers will be submitted for the Cabinet’s approval today, Finance Minister Thirachai Phuvanatnaranubala said yesterday. He said the tax package would be expanded to cover homes priced up to Bt5 million, instead of Bt3 million as previously planned, because the government wanted to provide tax incentives for those seeking homes [...]
Uncertainty among Thai property developers
Rising construction prices and uncertainty over the government’s housing policy may affect the real estate sector significantly worry property developers. Thailand’s business outlook is generally bright due to high consumer confidence in the second half and the real estate sector will remain active as developers launch a number of new projects, but Therdsak Theveeteeratham, a [...]
Demand for commercial real estate thrives in Bangkok
While purchasing a property in Bangkok’s central business district might cost a fortune, income-producing properties are still in demand, says the property consultancy agency CB Richard Ellis (CBRE). A recent article by the Bangkok Post indicated that many investors are purchasing income-producing property in Bangkok’s urban districts ranging from Sathorn to Phetchaburi Road. The Sofitel [...]
Top End condo prices keep rising
Real-estate firm points to increased land, construction, labour costs Real-estate services firm Jones Lang LaSalle believes that prices for top-end condominium units in Bangkok will rise further, despite strong competition. This is because developers are well capitalised and remain confident that rising development costs and product quality justify the higher prices. Although foreign interest has [...]
Pruksa Real Estate Plc, Ariva Hospitality to offer serviced apartments
With an aim to clear unsold units, Pruksa Real Estate Plc has joined with Singaporean serviced apartment operator Ariva Hospitality to offer a rental programme to buyers of its high-end Ivy Thonglor condominium and future units. According to the Bangkok Post, Prasert Taedullayasatit said under the new programme remaining units will be more attractive for [...]
Raimon Land Plc announces new ‘hip’ brand
Raimon Land Plc today announced plans for the launch of a new condominium brand targeted at young professionals. The company also announced sales performance, backlog status and financial results for the first half of 2011. Traditionally exclusively a high-end property developer, Raimon Land announced plans to increase overall market share in terms of sales and [...]
Sathorn Square Office Tower leases unit to Canon
Golden Land Property Development Plc, the developer of Sathorn Square Office Tower recently announced the tenancy of Canon. The 40-storey Sathorn Square Office Tower opened earlier this year and is located in the central business district of Sathorn. The office tower has 2,000 sqm of office space per unit and features state of the art [...]
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