Tag Archives: Map of Metropark

Second-hand market steady

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

More choices for investors

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

Developers optimistic of good growth

With concerns about flooding eased, large and small developers are looking forward to double-digit growth this year and stepping up rebranding of their corporate images amid stiffer competition in the housing market.

SET-listed developer Asian Property Development Plc (AP) plans to spend 400 million baht on rebranding after introducing a new logo in August.

An innovation team will work on redesigning houses, creating new housing functions and developing a new market segment of single houses. Continue reading Developers optimistic of good growth

BTS Skytrain Extention of Silom Line is coming near metropark sathorn

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

Skytrain Expanding Its Transit Web In Bangkok

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

Sukhumvit BTS line to get four-car trains in October

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.

The trailer cars cost 2.1 billion baht and will lengthen the existing trains from three cars to four on the Sukhumvit line to accommodate more passengers during peak hours. Continue reading Sukhumvit BTS line to get four-car trains in October

Townhouses, single houses lag behind condos

As most developers shifted to condominiums and projects in resort destinations, the number of new single-house and townhouse launches in Greater Bangkok during the first half was only about one-third of condominiums. condominiums in the area.

The small number of new single houses and townhouses, collectively defined as low-rise units, was mainly due to slow recovery in the segment after the floods last year, said Samma Kitsin, director-general of Real Estate Information Center (REIC). Continue reading Townhouses, single houses lag behind condos

Siam Piwat spearheads B35bn Chao Phraya project

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