Business

Bangkok office rents drop for the first time in 10 years

Colliers predicts fall in 2020 Bangkok office rents for the first time in 10 years

Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy. Phattarachai Taweewong, associate director of research and communication at Colliers International Thailand, said the Bangkok office market has grown consistently since 2010. "This year will be the first contraction in the sector...

Expat shift drives changes in Bangkok’s condo market

Thailand’s dominant working expat nationality in past decades has been Japanese, currently making up 18% of expatriates in the country. But, while Japanese expatriate numbers are decreasing, a CBRE report notes that Chinese and Filipinos are on the rise. There were 28,560 Japanese expats in Thailand as of Q3 2020, just ahead of the Chinese expat contingent at 25,811. As China’s manufacturing has...

Room rates drop as Thailand’s hotels feel the Covid pinch

The ongoing tourism slowdown has led several hotels to reduce the price tag on their property by more than usual, says Destination Capital, part of Destination Group. The difference between the coronavirus crisis and the 1997 financial crisis is revenue dried up during the outbreak without visitors and had to close temporarily, but still had to bear operation costs, said James Kaplan, chief executive...

Should real estate agents tell buyers about your building’s funds or improvements?

Q: Most real estate agents representing condo buyers don’t educate their buyers about condo reserve funding: the pros and cons of fully funding, partially funding or nonfunding of reserves. My beachfront condo in Hua Hin was listed for 15 months with enough showings but no offers. After a while, I contacted some of the buyers’ real estate agents and inquired about . Most of them said the buyers...

tallest skyscraper in Bangkok

Thailand’s richest man is building Bangkok’s tallest skyscraper

Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant -- no official height has been set and completion isn’t expected until 2025 -- but the tower, at the centre of another $948 million project on the banks of Bangkok’s...

MS Siam Tower opens on Rama III

MS Siam Tower, The first premium office building opens on Rama III in Bangkok

The first premium office building at the corner of Rama III & Industrial Ring roads with an investment value of 2.6 billion baht. Thunsrisiam has announced the official opening of “MS Siam Tower”. The Board of Thunsrisiama and guests held the Grand Opening last Friday in the front of the office building before embarking on a walking tour on the 38th floor to enjoy the 360 degree views....

How to Make Passive Rental Property Income

Smart investment moves can boost your rental property income. Anyone who has dropped a rent check in the mail has likely asked themselves the same question: What would it be like to be the person cashing rental payments instead of making them? Renting out a property to tenants is one way to invest, but if you want your rental property income to be as passive as possible, you need to be strategic about...

17 tips for a successful career in real estate sales

Where agents should be spending lead gen budget may surprise you Be careful in implementing rules learned from mentors who are not where you want to be in net worth, happiness, family, fun and peace. You won’t know, so ask a lot of questions! When you are being sold an expensive or time-consuming solution for a small real estate business problem, just say “no!”...

Here is how to Use Facebook for Your Real Estate Investing Business

Facebook can be an absolute game changer for your business. With it, you can share information and spread ideas—literally across the world. Social networks like Facebook allow you to connect with like-minded people, those who are interested in similar topics or participate in the same activities as you. And these connections can create massive value for you and your business, too. Just by spending...

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