The new skytrain line connecting On Nut and Bearing stations is due to open for public service on Aug 12, 2011, Bangkok Mass Transit System (BTS) spokesman Jed Sopitpongsatorn said on Monday. Mr Jed said after a meeting with Bangkok officials that the On Nut-Bearing extension, which is on the Sukhumvit Road line, will conduct test [...]
|Posts from ‘April, 2011’
Maximising condo yields through selective purchasing
The average gross yield of central Bangkok condominiums was 6.1% last year, substantially higher than bank deposit rates, which at best are less than 2% for fixed deposits, says property consulting firm CB Richard Ellis (CBRE). Maintaining a consistent yield entails picking the right properties, understanding tenants’ requirements and keeping it affordable. The key factors [...]
|Condo speculators beginning to feel the pinch
Speculators on mid-priced condominiums are likely to be affected by falling demand and the central bank’s stricter regulations, according to Sumate Maneewattana, the president of Bangkok Commercial Asset Management Corporation (BAM). He said the prices of booking documents for condominiums priced below 3 million baht had dropped to around 5-10% of the price from 10-15% [...]
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