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Bangkok become Asia’s top most expensive locations for tourists and expats

Bangkok has, for the first time, made it into the list of Asia’s top 10 most expensive locations for expats. A rise in average rental prices this year caused by an influx of expats from China and an increase in tourism traffic have hit expats and put the city in 10th place on the annual list, with an average US$3,880 (122,757 baht) monthly rental cost for an unfurnished three-bedroom...

International Serviced Apartment Brands Target Phuket

One of Asia’s fastest growing hospitality segments is the serviced apartment sector, and the brands are targeting the regions leisure markets. Making news is Oakwood which is coming to Phuket after inking a deal with Thai development group Boutique Corporation. (adsbygoogle = window.adsbygoogle || ).push({}); The 198-key Oakwood Hotel Journeyhub Phuket is located in Patong and is...

Kasikornbank is focusing on mortgage refinancing

Kasikornbank is a major banking group in Thailand. KBank was established on 8 June 1945 (2488 BE) by Choti Lamsam, with registered capital of five million baht. It has been listed on the Stock Exchange of Thailand since 1976. The current chairman and CEO is Bantoon Lamsam, the grandson of the founder. In 2003, Thai Farmers Bank changed its name to KASIKORNBANK or KBank. (adsbygoogle =...

Thai Property Developer Focus On Developing Lower Price Condos

Property developer Asset Wise Co will focus on developing condos priced lower than 2 million baht a unit as the new loan-to-value (LTV) limits weaken the purchasing power of some buyers. Chief executive Kromchet Vipanpong said some condo buyers will be required by the new lending curbs to make a higher down payment, making them consider cheaper units even though they could afford more. "Buyers have the...

Phuket hotels and resorts are under pressure to perform

Despite registering a record high 9 million passenger arrivals at the island’s gateway international airport in 2018, performance data is indicating that a slowdown in its double-digit growth rates over the past few years is on the horizon for Thailand’s resort destination of Phuket. While airport arrivals grew 8% year-on-year, the gains posted were at their lowest level since 2015 according to...

Donki Mall Thonglor, A Newest Shopping Mall in Bangkok

We understand if you have mall fatigue. It seems like one or two new shopping centres are opening up in Bangkok each month. And if we’re being honest, none of them truly stand out after their opening hype faded away. But Bangkok’s newest mall looks like it has what it takes to buck that trend. Donki Mall Thonglor is located on Thong Lor soi 10 near Ekkamai (Sukhumvit 63) and the mall brought traffic...

Two Japanese firms have forged a joint venture with Thai developer

Two Japanese firms, Kyushu Railway and Hoosiers Holdings, have forged a joint venture with Thai developer All Inspire Development Plc for a condo project worth 4.8 billion baht on Ekamai Road, as they are confident in the Thai economy and property market. Kiko Shimoura, general manager for overseas division, Hoosiers Holdings, a Japanese real estate firm, said the Thai property market is on course for...

Thailand economic growth drives earnings at top developers

AN EXPANDING economy helped to boost profits for most of the country’s biggest property companies, with the top 10 listed developers posting an 8.97 per cent rise in combined 2018 net earnings from the prior year to Bt39.21 billion. With growth in gross domestic product topping 4 per cent in 2018, the improved mood in the market also saw sales at most of the companies climb, reaching a combined...

What to Expect From Bangkok’s Property Future

While there is ongoing debate about whether the hazy Bangkok skyline is just an aberration or residents need to get used to wearing N95 masks, the future of the capital's property market has also become overcast with significant changes approaching. The country's first elections in eight years will take place on March 24. Not only should this help improve foreign investor sentiment, but also we will be...

Hospitality industry expected to be strong in 2019 for hotel investment

THE Asia-Pacific is the only region that can expect growth in hotel transaction volumes this year, according to the latest JLL Hotel Investment Outlook. The global real-estate consultant anticipates Asia-Pacific’s total hotel transaction volume to hit US$9.5 billion (Bt297 billion) this year, marking a 15-per-cent increase from last year. In 2018, transaction activity was fuelled by single-asset...

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