Listed Thai development firm Sansiri remains confident in a surging island domestic real estate market with the announcement of 3 new projects in Phuket.
The second dCondo Phuket Patong will have 663 units priced just under the magic one million baht waterline. Located on a plot of 5.2 rai with eight stories the unit sizes start at a Spartan 28 square meters.
It appears size does matter in the current housing segment be it Bangkok, Phuket or Pattaya.
An opening sales event has been set for January 27-29, the promo offers monthly installments of THB999.
Entry level condos remain space sensitive and the trend is to see a continued downsizing with some projects touching on the 20 square meter prototype.
In the capital city the BTS line (skytrain) remains a key driver of demand, but in Phuket pressure points on land pricing are virtually rewriting the map with inland properties in underdeveloped areas not making strong headway.
Slated for a February roll out will be two more Sansiri residential housing developments – Habitown and Habitia.
Last year's four hour sell out of the first dCondo with 556 units was our property event of the year.
Leading financial institution DBS Bank is forecasting property demand to rise in Asia's housing sector from USD694 billion in 2010 up to USD1.1 trillion in 2020.
That's more zeros than I can even start to imaged but this would equated to 16.5 million property transactions in Thailand, Malaysia, Indonesia, Singapore and Greater China (including Hong Kong).
The sheer mathematics of Asia's large population base and growing middle class is a key catalyst to the anticipated growth.
Forget the top and bottom end, the momentum looks to be firmly entrenched at the halfway point.
Thailand's Revenue Department has issues a warning to businesses engaging in E-Commence to file correct tax returns.
According to widespread media reports the agency has been building a targeted database of targeted internet sites and a crackdown is looming.
A grace period has been offered to those looking to come into the tax stream with minimal penalties.
Otherwise for companies caught out, the combination of penalties, fine and interest remains a strong deterrent.
It's unclear whether hotel or villa booking sites are part of those E-Commerce businesses, but this action has become a talking point on the island's property scene.
The Group Vice President of Laguna Phuket Property, Banyan Tree and Angsana Residences -Dan Simmons has left.
No replacement has been named at this time.
International destination club operator Exclusive Resorts have signed an agreement with the Banyan Tree Private Collection of luxury villas.
Based in the US, the organization is one of the leading membership providers in the sector.
With globally based properties, Exclusive recently added the notable Viceroy Anguilla in the Caribbean.
Destination Club's offer flexibility to villa owners and even resorts where upscale properties have been sold and enhance the lifestyle options though usage of similar products in other leading locations.
For more information <link>http://www.exclusiveresorts.com*CLICK</link>
In perhaps a better late than never scenario bespoke designer Brian Woulf2 finally opened an island office, despite working on projects here for the past few years.
With a number of ultra premium properties under way including a villa at Malaiwana and Kata Rocks penthouse unit he is now firmly on the Phuket luxury radar.
The firm's services include interior fit-outs, design and space planning. Product sourcing and graphics are other key components of the offering.
If you want to know more, drop in to the office at Baan Wana Park on the main road between Cherngtalay and the Heroines Monument.
The site of the former Giant Supermarket in Cherngtalay is being developed into a commercial mall by the developers of Boat Lagoon.
Located at a prime intersection leading into Laguna Phuket the "Boat Avenue" project is already underway and the larger for sale units will be completed in early 2013.
A combination of single story units for rent and three and four story buildings which can be connected will be sold.
Rentals for the initial units are already being snapped up quickly with only 8 spaces with sizing for 50 square meters left.
Sales for the larger units are expected to commence at the end of the month. Both pedestrian and car parking allocations have been upsized according to the project office.
Inquires for rentals can be directed to Khun Panupong at 081-086-1881.
Listed Thai development firm Raimon Land have continued to pursue a portfolio of projects in Pattaya.
Those launched already include Northpoint, Northshore, Zire Wongamat and the latest UNIXX.
Unit sizes go from studios at 22 square meters up to two bedrooms of 62 square meters. Pricing starts at THB880,000 or installments of THB4,400 per month.
Pattaya has continued to gain momentum in both the domestic and overseas property sectors, especially with the considerable sales activity in entry level type units.
Expect more, or shall we say many more to follow. The question remains as off plan sales continue to flourish is when the secondary market will kick in on project completions and a market cool down will take place?
In what many term a real estate perfect storm, the current run of hyper-inflation is seeing the property hunters return to Vietnam.
What could have been called stress is now shifting into distress in some cases and the vultures are circling.
Double digit inflatation and bank lending rates closing in on 20%.
Prices had moved backwards and the underlying lack of liquidity is creating a situation where some developers simply have to sell.
Fundamentally many industry analysts believe Vietnam continues to have strong underlying fundamental but they are quick to point out it may be a medium to long term horizon
