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→
Ban Lae Suan Fair, Dec 17-25, 9.30am-9pm, at Challenger Hall, Impact Muang Thong Thani.
Your house has been underwater for weeks, and still no ideas about renovation?
Then the forthcoming Ban Lae Suan Fair at Challenger Hall, Impact Muang Thong Thani, from Dec 17-25, is an event you can’t afford to miss.
House renovation is one of the highlights of this annual event, which was postponed from earlier this month due to the floods. Visitors can seek free consultation from experts and obtain manuals on how to protect your house from flooding.
The fair will also feature 10 of the best innovative ideas for home owners. The winning blueprint this year demonstrates how owners of detached houses can make money by turning their outer wall into an outdoor media advertising space.
The 10 finalists, mostly green concepts, also feature new gardening ideas including growing plants inside the house to cool down the temperature and conceal eyesores. Or growing flowers beneath a dish drainer so the water is reused to irrigate the flower pot and the area is kept dry.
Also available will be home decor items, designed to fit limited space.
The Treasury Department is preparing to announce an average increase of 20% in land valuations nationwide but it has not yet taken the impact from current flooding into account, says director-general Naris Chaiyasoot.
However, officials suggested the floods may give property developers an opportunity to buy land at lower cost in some areas where owners want to sell because they have faced flooding or fear future flood risk.
Prices of land and other property in flooded areas will drop in the next couple of years, while home purchasing sentiment will take at least six months to return to normal, says the property consultant Colliers International Thailand.
Managing director Patima Jeerapaet said the next two or three years will be a golden opportunity for property developers to buy up land in flooded areas at bargain prices. Continue reading Bargains ample post-flood→
From One Bedroom to Two Bedroom condos available at Fortune Condo, Narathiwas 24, on Sathorn Road and just behind Central Rama 3.
All the Condos are fully furnished and available at 13,000 Baht per month to 20,000 Baht per Month. We guarantee for the best price in same area. No one else and no where else you can get this price. Very soon the BRT is going to pass just next to the condo so it will be most easiest way to take a ride for anywhere in Bangkok.
This is one of the best location in central Bangkok. Just behind (walking distance) is Central Rama 3, two minutes drive or other side of the road is LOTUS. The High Ways (toll way) very easy access to any part of the Bangkok.
The 7 Eleven, Starbucks, Restaurant, Subway Sandwich and Pizza hut is located at the Ground Floor of the Complex. For the medical assistance, BNH (Bangkok Nursing Home) has just open a clinic at next door as well.
The best of the best part of this condo is they allow Gas Stove. Now a days mostly all the building do not allow GAS Stoves and need to use eclectic stove (hot plate).
Please call us or write us to know more about it or to see the property.