A luxury Waldorf Astoria Hotel is being planned as part of Bangkok's Magnolias Ratchadamri Boulevard mixed-use development.
Located between the Grand Hyatt Erawan and Four Seasons the residential component consists of 316 Magnolias branded apartments.
Similar to the nearby St. Regis the offering will be on 30 year leasehold basis with one and two bedroom units ranging up to penthouses.
Prices range from THB8 million up to THB80 for the top end product.
Hilton will not be operating the residential component of the property.
First came Makati, than Fort Bonafacio which remains a work in progress.
Now the Philippines highest profile developer Ayala Land have announced plans for a third business district.
The acquisition by the group for the former Food Terminal Industry Estate which is located south of the metropolis was recently won on a bid basis for nearly USD580 million.
Ayala has made public plans for upscale commercial, residential, hotels and retail in the master planned development.
This year's AOCAP 2012 (Alternative Ownership Conference Asia Pacific) will be held in Hong Kong from 8th to 9th.
Set at the Marco Polo Hotel in Kowloon the event offers a prelude to this attending the global hotel investment conference HICAP later in the week.
Leading sponsors include global exchange organizations RCI, Interval International and Dial An Exchange together with Wyndham Worldwide and Absolute World.
C9 Hotelworks Bill Barnett will again be a speaker on leading shared ownership trends in Asia.
For more information <link>http://www.aocap.org*CLICK</link>
According to a news item in the Phuket Gazette, the Central group have acquired the lease rights to the 30 rai Thai Naan restaurant site.
Located directly across from Central Festival shopping mall, the group is reportedly considering an expansion of their successful retail complex.
Parking is increasingly a problem at the highly trafficked area and a planned underpass at the key intersection has yet to bein finalized.
The Department of Natonal Parks, Wildlife and Plant Conservation has reportedly filed police cases of encoarchment against 4 prominent coastal properties which are alleged to be in Sirnath National Park.
These are the Pullman Arcadia Resort in Nai Thon, Peninsula Spa and Resort Nai Yang, and La Colline and a French national Bernard Gauthier with a large ultra villa in Layan.
While media reports have continued to bombast about impending demolition of luxury properties, the process now looks set to go to court with word that the owners will clearly contest the cases.
Damrong Pideth who has been tagged "The Demolisher" remains a mainstay in news reports, both local and Bangkok lawyers are seeing a hive of activity in legal defence cases rising out of the title deed dispute.
The bottom line continues to be the validity of existing titles issued and how Thailand's Land Department will address the issue.
A recent media piece in Asia property report highlighted the fact that listed Banyan Tree Holdings saw its net profit boosted by residential real estate sales at Laguna Phuket.
The second quarter of the year saw a movement of 13 units including a Banyan Tree Pool Villa, units at the Lofts, Laguna Village Townhouses and two units at the affiliated Bangkok and Lijiang China properties.
Interesting that a comparison made on year-to-year sales in the article is that just two units were sold in the same period in Laguna Village in 2011.
While the property market on the island remains challenging there is some light at the end of the tunnel in terms of demonstrated pick-up in demand.
Last night at destination resort Laguna Phuket's 25th Anniversary Chief Executive K.P. Ho gave a preview of upcoming expansion plans for the group.
A new mixed-use development set against a lagoon backdrop between the Dusit Thani Resort and upcoming Outrigger Laguna Beach Resort will include a hotel, luxury condominium, themed water park and over 1,000 retail shops and restaurants.
These will include a series of waterways which offer upscale tourist shopping and walkways at the ground level. The existing Canal Village retail area will be fully redeveloped.
One key focus of the plan includes a large scale tourism attraction which will be anchored as an international standard water park.
Laguna is looking to unlock its vast land bank during the next five years, and there appears to be further property news coming in the near future.
Successful projects in Bangkok and Pattaya is spurring listed property firm Raimon Land back into profit after stacking up losses the past few years.
An article in the Bangkok Post points to transfers at The River condominium and sales on the Eastern Seaboard at Unixx and Zire Wongamat as driving the company's bottom line.
Also in Bangkok transactions are spurring revenue growth at 185 Rajadamri. According to Chief Executive Hubert Virot the firm is turning to condo projects in Bangkok located near to transport links of the BTS and MRT.
Another development of the group has been its Private Residences Club (PRC) at Northpoint and The River where the group is working with US based hospitality group LaTour Hotels and Resorts.
A recent move had Guy Hall appointed to oversee the PRC's operations from the Pattaya property.
Leading Eastern Seaboard medical facility Bangkok Hospital Pattaya is undergoing a THB220 million expansion according to the Nation newspaper.
Upgrades for the 300-bed hospitality include the ICU, pediatric and Lasik facilities.
Some interesting stats in the piece saw usage of44% usage by foreigners with Russians at 21% of the foreign demand, and Brits 13%. Other significant sources were Scandinavians, French, Americans, Australians and Germans.
Resident expats stood at 60% and the remainder being tourists.
Pattaya is continuing to grow its infrastructure and becoming a competitor to Phuket.
