Optimism beginning to return after last year’s calamity but new flood fears have buyers and sellers on edge.
Bangkok’s second-hand housing market has improved considerably after struggling in the wake of last year’s heavy floods. There is still lingering uncertainty about how the capital will deal with the 2012 flood season, but if no major calamities occur, the resale residential market should be fully back to normal next year.
Thais are more willing to buy old houses first and demand is growing after last year’s floods. But the market still remains edgy until buyers see how floods this year are handled. Continue reading Second-hand market steady→
Conventional property funds expected to thrive despite competition from REITs, which are not as tax-friendly.
Property developers are moving to raise more capital via property funds before real estate investment trusts (REITs), a new fund type with more flexibility, become available in the Thai market next year.
REITs have two main features that make them more attractive than property funds to many investors. First, non-financial institutions can set up and manage the trusts, while only asset management companies can run property funds. As well, REITs can create debt. Continue reading More choices for investors→
As per now (October 2012) the planning of Silom Line BTS Extension is to start as below.
Taksin – Phet Kasem Extension
S9 Pho Nimit To be opened on mid of January 2013
S10 Talat Phlu To be opened on mid of January 2013
S11 Wutthakat To be opened on 12 August 2013
S12 Bang Wa To be opened on 12 August 2013
Bangkok’s rapidly expanding Skytrain will add another 464 km of transit routes in the future. A total of 28 construction projects are either in the planning stages, under construction, or have just been completed. The new routes will extend Skytrain’s coverage from central Bangkok to surrounding provinces, as well as link Bangkok’s airports.
Three Skytrain projects are already open for service, including the airport link Skytrain from Phayathai to Suvarnabhumi airport. The other two completed projects are the BTS Skytrain, and the underground Skytrain from Bangseu to Hualamphong. The three expanded routes total 79.5 km. Continue reading Skytrain Expanding Its Transit Web In Bangkok→
The first four-car train is scheduled to enter service in early October, and all 35 will be delivered by next July. The new cars will increase passenger handling capacity by more than 30,000 people an hour. THITI WANNAMONTHA
The company received the first batch of 35 trailer cars manufactured by Germany’s Siemens AG yesterday.
Siam Piwat Co, the 50-year-old operator of Siam Center, is joining with Charoen Pokphand Group and Magnolia Quality Development Corporation (MQDC) to develop a megaproject worth 35 billion baht on the Chao Phraya River opposite Mandarin Oriental Bangkok Hotel.
Tipaporn Chearavanont (left), CEO of Magnolia Quality Development Corp, shakes hands with Chadatip Chutrakul, CEO of Siam Piwat, for the start of three joint ventures they plan on the Thonburi side of the Chao Phraya, calling it ‘the largest local private commercial development’. Continue reading Siam Piwat spearheads B35bn Chao Phraya project→
The listed developer NC Housing Plc (NCH) targets an annual growth in a range of 20% to 25% and plans to enter the condominium market this year after restructuring its finances by decreasing short-term loans.
Managing director Somchao Tanterdtham said the company recorded higher sales last year which increased its financial liquidity. Debt-to-equity ratio continued dropping to 0.58 time as at the end of 2011 from one time two years ago.
“Our financial status is strong enough to develop condominium project,” he said. “It will be a learning curve for us in the high-rise segment. When the condominium market booms, we will be ready for it.”
Its condominium projects will be valued at 200-500 million baht each, with unit prices of 1-2 million baht.