Cash-rich early birds are investing in condominiums for attractive returns at a time of low deposit interest rates, says Kittisak Jumpathippong, chief executive of the property consultant Century 21 Realty Affiliates (Thailand) Co Ltd. “No business generates higher margins than property,” he said. “The situation now is like in 2000-01…Continue reading
The area around Bangkok’s Sukhumvit Road is heading for a significant oversupply of serviced apartments.
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While economic difficulties are affecting many aspects of the property industry, Bangkok’s rental-house business is growing rapidly, because among other things, it generates high returns on investment. Continue reading
Surrounding the two-kilometre stretch of Soi Thonglor (Sukhumvit 55), between Sukhumvit and Phetchaburi roads, no fewer than seven luxury condominiums with a combined market value of about Bt20 billion are climbing toward their place in the city’s skyline. Continue reading
Strong Japanese demand for rental condominiums has prompted the Japanese property agent Siam Kotobuki Co Ltd to move into property development, with the launch of a 600-million-baht building in Soi Thong Lor 25, said managing director Seita Hagiwara. Over its 15 years in the housing agency business, the company has…Continue reading
Lehman was a major Bangkok landlord The collapse of Lehman Brothers Holdings, the largest bankruptcy in US history, could disrupt Thailand’s prime office market, as the 158-year-old investment bank is one of the largest holders of commercial space in Bangkok. Lehman’s global assets, listed at $639 billion as of May…Continue reading
The 5.25-kilometre stretch from Onnut to Bearing, at the end of Sukhumvit Road where the Skytrain route has been extended, is witnessing high real-estate demand.
Many property developers are hastening their efforts in marketing new projects along the route which are expected to attract people looking for a more convenient commute. Continue reading