Demand for luxury real estate in popular far east tourist destinations such as Phuket and Koh Samui is increasing and experts are upbeat on the medium and long term outlook for the region. Property firms are reporting a recovery of purchasing power affecting the luxury residential markets in Bangkok as well as resort destinations and […]
Continue ReadingThai SEC OKs Establishment Of Real Estate Investment Trust Funds Thailand‘s Securities and Exchange Commission said Monday that it has approved in principle a plan to allow the establishment of real estate investment trust funds. A Reit fund will be more flexible than existing property funds as it can invest in any kind of property, […]
Continue ReadingA survey conducted by the Agency for Real Estate Affairs has revealed a rise of 4.4% for average land prices in Greater Bangkok from last year. The most expensive land plots are located near the Siam, Chidlom, and Phloen Chit BTS stations, costing THB1.2m per square wah (THB480m/rai equivalent to USD 40.4m/acre).
Continue ReadingFour-car trains to ease congestion SET-listed BTS Group, the operator of the Bangkok SkyTrain, has signed a 50-million (2-billion-baht) deal with Siemens of Germany to supply one car to each of its 35 three-car trains. Chief operating officer Surapong Laoha-Uny said the deliveries of the new carriages were scheduled over the next 30 months to […]
Continue ReadingThe mixed use Spinnaker development in Pattaya which was to have a separate hotel and residential components has now been integrated into a single 42 story complex. A new plan sees the 115 apartments and 260 room merged into one high rise. Individual purchasers can enter a rental pool arrange for the property which is […]
Continue ReadingThe mixed use Spinnaker development in Pattaya which was to have a separate hotel and residential components has now been integrated into a single 42 story complex. A new plan sees the 115 apartments and 260 room merged into one high rise. Individual purchasers can enter a rental pool arrange for the property which is […]
Continue ReadingA state news agency says construction will start this month on a railway from southern China to Laos, further connecting the country with its Southeast Asian neighbours. The official Xinhua News Agency reported Friday that the 530-kilometre railway will connect Xishuangbanna city in the southern province of Yunnan to Vientiane, the capital of Laos. Work […]
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Thailand’s high-end property developer Raimon Land has awarded the piling contract for its latest development 185 Rajadamri to Pylon Public Co., Ltd. The piling work commenced last Monday and will be completed in January 2011. Officially launched in September, the project has been attracting potential buyers among Thais and the expatriate community. To date, 30 […]
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An Integrated Operating & Services Platform Is Fully in Place Today marks a key milestones for Colliers International in Asia Pacific as the offices in the region launch the new global brand. Oct 07, 2010 – The global rebranding is a critical step in the integration of its operating platform and service lines. It began […]
Continue ReadingCAT Telecom is considering blacklisting Marubeni (Thailand) and the Chinese equipment supplier ZTE for missing the March deadline for completing a national optical-fibre backbone network worth 2.1 billion baht. The default on the backbone network contract had resulted in extensive damage to the state telecom enterprise, said CAT. President Jirayuth Rungsrithong said the CAT board […]
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