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 Real Estate
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 [...]
More positive outlook for Bangkok office market, says CB Richard Ellis report
The commercial office property market in Bangkok is beginning to see a move forward and growth in demand and rent. The change is following a period where the market has been held back due to the combination of the global crisis and Thailand’s political uncertainty, according to an article in the New York based online [...]
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 [...]
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 [...]
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 [...]
Banks, developers try to overcome transfer hiatus
Property firms are joining with commercial banks to offer special financial packages to overcome the stalled process of transferring finished residences from development projects to buyers. The hiatus began in June when the Pheu Thai Party announced its policy to provide special mortgages with interest-free repayment conditions for the first five years for first-home buyers [...]
Jungceylon operator opening first Bangkok mall
The operator of the Jungceylon shopping centre in Phuket plans to open its first community mall in Bangkok in the first quarter of next year. The Mille Malle is being built on a one-rai plot on Sukhumvit Soi 20 at a cost of 300 million baht, said Pravit Janyasithikul, the CEO of Phuket Square Co. [...]
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