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New developer Capstone Asset unworried about Bangkok market

New developer Capstone Asset unworried about Bangkok market

New developer Capstone Asset, owned by Thai and Hong Kong investors, is confident in the Bangkok property market and wants to develop a mixed-use project with Grade B office space to capitalise on limited supply in the market. Executive director and co-founder said the company is optimistic about the property market because there are opportunities to develop projects and Thailand is a resilient market. 'We are not worried' he said. 'It is more difficult to get a freehold plot in good locations to develop a mixed-use project because of high land prices.' Capstone is in talks with a landlord to lease a plot in a non-central business district area near a skytrain station. The project would comprise Grade B office space, retail and a hotel. Titiwat Kuvijitsuwan, another executive director and co-founder, said Grade B offices charging 800-850 baht per square metre per month are attractive for investment because supply is limited. Before starting development, Capstone had a joint venture with residential developer Asset Five Group to develop a super-luxury condo, Tonson One Residence, worth 2.85 billion baht. The project will occupy 385.3 rai on Soi Tonson, off Phloenchit Road, where 2.5 million baht per square wah was spent to buy the Suthat Na Ayudhya family plot last year. The 19-storey tower will have a total of 80 units sized from 57 to 387 sq m and priced at 300,000-500,000 baht per sq m or from 20 million baht. According to property consultant CBRE Thailand, condo supply in the luxury and super-luxury segment in the Phloenchit-Lang Suan area is limited to a market share of 6-8% of total condo supply in Bangkok. The area also has record land prices, the highest price per sq wah on Lang Suan Road at 3.2 million baht, and the highest price per plot at 10.8 billion baht for 15 rai at Park Nai Lert on Wireless Road, bought by BDMS from the Sombatsiri family. Property in Bangkok still can grow 15 years, want to know why? Welcome enquiry +6012-5316077 / +6016-4465689 read more
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May 17, 2019 at 02:52 pm —
Condo joint ventures trending

Condo joint ventures trending

More foreign developers have been coming to Thailand to form joint ventures with Thai developers in recent years. Japanese developers in particular have been pursuing long-term relationships in the country since 2013. The two pioneering ventures involving Japanese firms were Ananda Development Plc with Mitsui Fudosan and AP Thailand with Mitsubishi Estate. More Japanese firms have followed, and Chinese companies are also showing growing interest in teaming up with Thai partners on projects that can be marketed to Chinese buyers. Most of the joint-venture projects being built are condominiums, since the Condominium Act allows foreigners to own up to 49% of the residential space in a condominium. But some Thai developers have embarked on detached housing projects with their foreign partners, because they are keen to learn about innovation from foreign developers, especially energy-saving systems. The cumulative value of joint-venture property projects involving Thai and foreign developers is now more than 500 billion baht and shows every sign of growing further. Twenty-five such projects announced already in 2019 call for a total investment value of 117 billion baht, an increase of 7% from last year. Most of the new projects are in areas along the existing skytrain and subway lines in inner areas of Bangkok. But joint-venture companies have announced plans for three housing estates in Bangkok suburbs with a total value of 17.2 billion baht. Thai developers with Japanese partners are not expecting to attract buyers from Japan, but they do want to tap into advanced technology and innovation from that country. Developers from China and Hong Kong, however, are keen to market projects developed with Thai partners to Chinese buyers, who are becoming the largest foreign buyer group in Thailand. Consequently, Chinese developers expect a significant degree of management control over the business, so their joint ventures are all with small and medium-sized Thai developers rather than large, established players. Join Bangkok Investment Discovery Tour on June 2019 Welcome Contact +6012-531-6077 / +6016-4465689 read more
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May 17, 2019 at 02:42 pm —
泰合资房地产开发商发展趋势上升 日本合资公司处于领先地位

泰合资房地产开发商发展趋势上升 日本合资公司处于领先地位

×Ô2013ÄêÒÔÀ´£¬ÈÕ±¾¿ª·¢ÉÌÒ»Ö±ÔÚÑ°ÇóÓëÖйú½¨Á¢³¤ÆÚºÏ×÷¹Øϵ¡£Á½¼ÒÉæ¼°ÈÕ±¾¹«Ë¾µÄ¿ª´´ÐÔÆóÒµ·Ö±ðÊÇAnanda Development Plc ÓëÈý¾®²»¶¯²ú (Mitsui Fudosan) ºÍAP Thailand ÓëÈýÁâµØ²ú (Mitsubishi Estate)¡£Ô½À´Ô½¶àµÄÈÕ±¾¹«Ë¾·×·×Ч·Â£¬Öйú¹«Ë¾Ò²¶ÔÓëÌ©¹úºÏ×÷»ï°éºÏ×÷¿ª·¢¿ÉÒÔÏòÖйúÂò¼ÒÏúÊÛµÄÏîÄ¿±íÏÖ³öÔ½À´Ô½´óµÄÐËȤ¡£´ó¶àÊýÕýÔÚ½¨ÉèµÄºÏ×ÊÏîÄ¿¶¼Êǹ²¹Ü¹«Ô¢£¬ÒòΪ¡¶¹²¹Ü¹«Ô¢·¨¡·(Condominium Act)ÔÊÐíÍâ¹úÈË×î¶àÓµÓй²¹Ü¹«Ô¢×¡Õ¬Ãæ»ýµÄ49%¡£µ«Ò»Ð©Ì©¹ú¿ª·¢ÉÌÒѾ­ÓëÍâ¹úºÏ×÷»ï°é¿ªÊ¼Á˶ÀÁ¢×¡Õ¬ÏîÄ¿£¬ÒòΪËûÃÇ¿ÊÍû´ÓÍâ¹ú¿ª·¢ÉÌÄÇÀïѧϰ´´Ð£¬ÓÈÆäÊǽÚÄÜϵͳ¡£ Ì©¹úºÍÍâ¹ú¿ª·¢É̲ÎÓëµÄºÏ×Ê·¿µØ²úÏîÄ¿µÄÀۼƼÛֵĿǰÒѳ¬¹ý5000ÒÚîù£¬¶øÇÒÓнøÒ»²½Ôö³¤µÄ¼£Ïó¡£2019ÄêÒѾ­Ðû²¼µÄ25¸ö´ËÀàÏîÄ¿µÄ×ÜͶ×ʽ«´ïµ½1170ÒÚîù£¬±ÈÈ¥ÄêÔö³¤7%¡£´ó¶àÊýÐÂÏîĿλÓÚÂü¹ÈÊÐÖÐÐÄÏÖÓеÄBTSºÍµØÌúÑØÏß¡£²»¹ý£¬ºÏ×ʹ«Ë¾ÒѾ­Ðû²¼£¬¼Æ»®ÔÚÂü¹È½¼Çø½¨ÉèÈý¸öסլСÇø£¬×ܼÛÖµ172ÒÚîù¡£ÓëÈÕ±¾ºÏ×÷µÄÌ©¹ú¿ª·¢É̲¢²»ÆÚÍûÎüÒýÀ´×ÔÈÕ±¾µÄÂò¼Ò£¬µ«ËûÃÇȷʵϣÍûÀûÓÃÈÕ±¾µÄÏȽø¼¼ÊõºÍ´´Ð¡£È»¶ø£¬ÖйúÄڵغÍÏã¸ÛµÄ¿ª·¢ÉÌÈÈÖÔÓÚ½«ÓëÌ©¹úºÏ×÷»ï°é¿ª·¢µÄÏîÄ¿ÍÆÏú¸øÖйúÂò¼Ò¡£ÖйúÂò¼ÒÕý³ÉΪ̩¹ú×î´óµÄÍâ¹úÂò¼ÒȺÌå¡£Òò´Ë£¬Öйú¿ª·¢ÉÌÏ£ÍûÔںܴó³Ì¶ÈÉÏ»ñµÃ¶Ô¸ÃÒµÎñµÄ¹ÜÀí¿ØÖÆȨ£¬Òò´ËËûÃǵĺÏ×ÊÆóÒµ¶¼ÊÇÓëÌ©¹úÖÐСÐÍ¿ª·¢É̺Ï×÷µÄ£¬¶ø²»ÊÇ´óÐÍÀÏÅÆ¿ª·¢ÉÌ¡£ Ͷ×ÊÂü¹È·¿µØ²ú¸Ï½ôÁªÂç +6016-4465689 / +012-5316077 read more
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May 17, 2019 at 02:10 pm —
泰國房地產信息中心(REIC)針對2018下半年房屋銷售情況展開調查

泰國房地產信息中心(REIC)針對2018下半年房屋銷售情況展開調查

Ì©‡ø·¿µØ®aÐÅÏ¢ÖÐÐÄ£¨REIC£©á˜Œ¦2018Ï°ëÄê·¿ÎÝäNÊÛÇé›rÕ¹é_Õ{²é£¬½Y¹ûï@ʾ REICÖÐÐÄ´úÀíÖ÷ÈμæÕþ¸®×¡Õ¬ãyÐЙz²é†T͸¶£¬°´ÕÕí—Ä¿äNÊÛ±ÈÂÊí¿´£¬Âü¹ÈÊÐ…^ªš—„eÊû×äNµÄ5´óµØŽ§·Ö„ežé£º1¡¢ÊÇ¡-ɳÍÌ-Íìß·…^£»2¡¢ÀÊËÄ-ÀÈÂü-Èûß~-ÂüÇä…^£»3¡¢ÅÁ¿¨Þr-ÍìÄÇ-ÝæèŽ-°ÍÐl…^£»4¡¢¿ÕÈýÈA-ÃñÎäÀï-ÀÈ׿-ß·¼×Íì…^£»5¡¢ß·’-ÍúͨÀÈ-°î¿¨Æ¤…^¡£ ¶øÂü¹ÈÖÜß…µØ…^×îžé•³äNµÄ5´óµØŽ§·Ö„ežé£º1¡¢ýˆ×ÐØÈֱݠ¿h£»2¡¢ÍìÅû-ÍìĪ-ÍìÉÓͨ¿h£»3¡¢ÆÕËþÃÉͨ-ÄÇ¿Õ²ÂÎ÷-ÈýÅÊ¿h£»4¡¢±±™ìֱݠ¿h-ÅÁ°Í¶¡-гǿh£»5¡¢¼×Í̱¾-°àïh¿h¡£ Ͷ×ÊÂü¹È·¿µØ²ú ÁªÂç+6016-4465689 / +6012-5316077 read more
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May 16, 2019 at 12:10 pm —
Condo developers diversify into recurring income

Condo developers diversify into recurring income

Some developers have diversify their risk in pure residential development projects for sale by seeking to develop alternative sources of revenue from recurring income properties. 'We have seen an increase in both the number of landowners willing to lease land for a long term and the number of developers who are looking to develop leasehold land projects,' said head of capital markets at CBRE Thailand. 'Over the last four years, CBRE has completed nine long lease land transactions worth more than 10 billion baht. With the forthcoming changes in the new Land and Building Tax, whereby landowners will have to pay a significant tax on vacant land, we expect more high-quality land will become available for long-term rent.' Ananda Development and Origin Property have both shown strong interest in the hospitality sector after Thailand welcomed a record 40 million tourist arrivals in 2018, an increase of 7.5% year-on-year. Both companies have announced plans to develop several hotels and serviced apartment buildings in Bangkok and the Eastern Economic Corridor. Ananda Development has partnered with Ascott Limited to develop five serviced apartments valued at 12 billion baht, four of which will be located in Bangkok and one in Pattaya. The company has also purchased 42.5 million shares equivalent to 5% in Dusit Thani, a leading Thai hospitality company. Origin Property set up a new subsidiary, One Origin, to invest up to 20 billion baht into recurring-income properties in the next five years. Previously, the company has signed a management contract agreement with InterContinental Hotels Group to manage three hotels in Bangkok and Sri Racha, expected to be operational within 2021. Even mass market developer LPN formed a joint venture with Nye Estate to develop an office tower on a leasehold site on Rama IV Road, worth 3.79 billion baht.  Nye Estate is also developing Silom Square, another office building on a 50-year leasehold plot located on the corner of Silom and Convent roads. The company previously developed purely residential projects before entering the office market in 2016. Raimon Land is another company jumping into the recurring-income business after signing a 30-year lease for a prime six-rai plot located on Phloen Chit Road opposite Central Embassy. The company recently started piling on the site to be developed into a 52-storey office building with net leasable space of 65,000 square metres with an investment of 11.5 billion baht. Raimon Land also has future plans to develop a 250-room hotel on Sukhumvit Road. Good Time to Invest Bangkok, to know more, Deal +6016-4465689 / +6012-5316077 read more
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May 16, 2019 at 11:52 am —
挽賜中央車站(Bang Sue Central Station)

挽賜中央車站(Bang Sue Central Station)

‡ø¼ÒèF·¾Ö±íʾ£¬ÍìÙnÖÐÑë܇վƒÈÉÌÓÿÕégÿƽ·½Ã×ÔÂ×â½ð¼sžé1400ãÖÁ2000㏲»µÈ£¬é_˜ËƒÈÈÝ°üÀ¨ÁãÊÛÉ̵ꡢ²ÍdÒÔ¼°ëŠ×Ó¸æʾ¿´°åµÈ²¿·Ö¡£ ‡øèF¾Ö˜·Ó^îA¹À£¬ÍìÙn܇վ2021ÄêÍ깤†¢ÓÃáᣬÉ̘I¿ÕégÿÈÕ½ðÁ÷¿É¸ßß_500Èf㏣¬ÇÒÔÚ2032Äê•r³ÉéL5±¶£¬µ½2042ÄꌢÉÏ¿´Ã¿ÈÕ4000Èf㏡£ ¸ù“þ‡øèF¾ÖƒÈ²¿ÏûÏ¢íÔ´Ö¸·Q£¬Ä¿Ç°ÒÑÓÐ4¼ÒSÉÌُÙIͶ˜ËÐŷ⣬·Ö„eÊÇÉÐÌ©¼¯ˆF£¨Central Pattana£©¡¢³õ¸É„“¼¯ˆF£¨CH Karnchang£©¡¢Âü¹È¸ßËÙ¹«Â·¼°½Ýß\¹«Ë¾£¨Bangkok Expressway and Metro£©£¬ÒÔ¼°1¼ÒÈÕ±¾Æó˜I¡£ ½YºÏ¸ßèF¡¢½Ýß\ºÍ»ð܇£¬ÈýèF¹²˜‹µÄÍìÙnÖÐÑë܇վ£¨Bang Sue Central Station£©£¬2021ÄꆢÓÃáᣬŒ¢Õýʽȡ´úÈAË{Åî܇վ£¬K³Éžé–|Äρ†µØ…^×î´óµÄ»ð܇վվów¡£ Âü¹È¿´·¿ÍÅ ÁªÂç +6016-4465689 / +6012-5316077 read more
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May 10, 2019 at 07:43 pm —
China, Japan to join EEC smart city plan

China, Japan to join EEC smart city plan

The Eastern Economic Corridor (EEC) smart city initiative is likely to be the second development project involving collaboration with China and Japan, following the high-speed rail network linking the three main airports of Don Mueang, Suvarnabhumi and U-tapao. EEC Office said the Japan International Cooperation Agency (JICA) is conducting a feasibility study for smart city development in the EEC. The study covers the smart city evaluation framework, policies and incentives that could attract private companies. Chachoengsao province is expected to host the smart city. Private companies are allowed to develop their own smart cities, with SET-listed industrial estate developer and operator Amata Corporation Plc ready to develop a smart city project at its industrial estate in Chon Buri province. Amata plans to transform a 42-square-kilometre industrial estate into a smart city by applying new technology, renewable energy, energy-efficient infrastructure and sustainable environmental management. The company completed a feasibility study with Yokohama city in Japan last year. China Development Bank also pledged to finance investment in a smart city and attract Chinese companies to invest therein. 'We have yet to set any schedule for the bidding for the smart city development in the EEC, as the government is initially focusing on the five infrastructure projects'. Those five projects are a high-speed railway linking the three airports (225 billion baht); U-tapao aviation city (290 billion); a maintenance, repair and overhaul (MRO) centre in two phases (10.6 billion); the third phase of Laem Chabang seaport (114 billion); and the third phase of Map Ta Phut seaport (55.4 billion). Governor of the Japan Bank for International Cooperation (JBIC), confirmed to Prime Minister Prayut Chan-o-cha and Deputy Prime Minister Somkid Jatusripitak, that the bank was ready to extend soft loans for the high-speed railway linking Don Mueang airport in Bangkok with Suvarnabhumi in Samut Prakan and U-tapao in the eastern province of Rayong. The Japanese bank also confirmed support for investment in the Chachoengsao smart city. The concerted support by China and Japan in the EEC is meaningful for building the investment climate in Thailand and boosting investor confidence in overall EEC development. 'The current government pledges to try its best to have agreements for five key infrastructure projects signed with private companies within this month, with construction to commence later this year.'  'This government has taken four years to implement the EEC scheme, and the conclusion of these vital projects will provide concrete evidence that we can achieve infrastructure objectives.' Contact us for Bangkok Property Discovery Tour on Every Month +6012-5316077 / +6016-4465689 read more
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May 10, 2019 at 07:28 pm —
Pruksa refocuses on mid-tier condos

Pruksa refocuses on mid-tier condos

Pruksa's market survey found condo presales in lower-priced segment with units priced around 1.5 million baht rose by 711% year-on-year and 1,424% quarter-on-quarter to 5.49 billion baht. Pruksa focusing on launches in the mid-priced segment with units priced 150,000-200,000 baht per square metre, or 5-15 million baht. It recorded condo presales of 6.1 billion baht in the segment in the first four months, including 2.1 billion from projects launched last year or earlier. Some 4 billion baht was from three new projects worth a combined 8 billion launched in the first four months. They included 1 billion baht from Chapter Thonglor 25, which has a sales value of 1.98 billion, and 2 billion from Chapter Charoen-Nakhon Riverside, valued at 4.5 billion. It also recorded 70% pre-booking at the 1.3-billion-baht Chapter Chula-Samyan, which will be launched on May 25. This condo is located on a one-rai plot on Si Phraya Road, comprising a 31-storey tower and a total of 181 units sized from 23 to 72 sq m and priced from 3.29 million baht a unit. Pruksa will launch two new condo projects in the premium segment worth a combined 2.8 billion baht in the fourth quarter. They comprise The Reserve Phayathai worth 1.44 billion baht and The Reserve Prasanmitr worth 1.4 billion. Property Investment Enquiry +6012-5316077 / +6016-4465689 read more
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May 10, 2019 at 07:03 pm —
Condo Market Q1 Sales in Bangkok Remain on Target

Condo Market Q1 Sales in Bangkok Remain on Target

SET-listed developer AP Thailand Plc remains confident about Bangkok's condo demand despite the new lending curbs and the market shifting to single houses and townhouses. Chief of corporate strategy and creation, said condo sales in the first four months remained on target despite the loan-to-value (LTV) limits starting on April 1. AP's condo sales from Jan 1 to April 24 grew to 6.65 billion baht, up from 5.26 billion year-on-year. In the first quarter, condo sales were 6.36 billion baht, mainly from new projects launched. In the first quarter of 2019, AP posted a total of 12.6 billion baht in presales, up 25% from the same period last year. It targets 41.8 billion baht by year-end. 'This year will be a big one for single houses and townhouses, and we are shifting to more projects in this segment with 34 of our 39 planned total projects this year'. AP plans to have roadshows overseas during May-June. 4.34 billion baht were developed by AP alone and the rest by joint ventures with Japan's Mitsubishi Estate Group. On June 8 AP will launch a new condo project, the Address Siam-Ratchathewi. The project will be located on 3.5 rai near Phetchaburi Soi 14 in Ratchathewi, comprising a 50-storey tower with a total of 880 units worth 8.8 billion baht. Unit size will start from 31 square metres and be priced from 200,000 baht per sq m on average. Bangkok Investment Tour Welcome Contact +6016-4465689 / +6012-5316077 read more
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May 7, 2019 at 11:40 am —
Frasers Property eyes 80% occupancy in fiscal 2019

Frasers Property eyes 80% occupancy in fiscal 2019

With limited supply and rising demand for ready-built factory and warehouse space, SET-listed industrial estate developer Frasers Property (Thailand) Plc (FPT), owned by the Sirivadhanabhakdi family, aims to increase the occupancy of its ready-built factories and warehouses to 80% in fiscal 2019, which started in October 2018. President said the company continues to drive industrial property business growth, particularly ready-built factories and warehouses, to cope with rising demand for industrial and logistics operations, especially in the e-commerce sector. E-commerce is growing vigorously. During 2017-18, Thailand's e-commerce market value grew 14.0%, according to the Electronic Transactions Development Agency. 'Leasehold industrial property development continues its upward trend with favourable factors including increased trade and domestic consumption, economic drivers surrounding Thailand 4.0 policy and tremendous growth of e-commerce.'  Overall demand for factory and warehouse space increased. Growth was also seen in ready-built buildings that are designed to meet the needs of companies and allow them to get their industrial and logistics operations up and running quickly. 'We are confident our goal for fiscal 2019 of total occupancy for ready-built factories and warehouses of 80% will be achievable'. Last fiscal year, it was 73%. In the first quarter of the fiscal year, ending on Dec 31, FPT reported factory assets under management (AUM) occupancy rate of 72%, up from 68% in December 2017, with the warehouse AUM occupancy rate rising to 79% from 71%. In the period, FPT posted a net profit of 684 million baht on revenue of 2.57 billion, gains of 190% and 341%, respectively. The growth was mainly from sales of properties into FTREIT (Frasers Property Thailand Industrial Freehold & Leasehold REIT). Logistics and industrial businesses located in Asia are a major investment of Singapore-based Thai-owned Frasers Property Group, FPT's parent firm. The group has invested in 80 cities in 30 countries across the world. FPG, one of two major shareholders of Singaporean co-working operator JustCo, plans to launch the third JustCo branch in Thailand, with 8,000 square metres on the 24th to 27th floors of mixed-use project Samyan Mitrtown. The first two locations include 3,000 sq m at AIA Sathorn Tower on Sathon Road and 3,700 sq m at Capital Tower, All Seasons Place on Wireless Road. 'JustCo will support some of our customers who have warehouses outside Bangkok and want to have a meeting or work in the inner city,' said Mr Sopon. 'We plan to expand more than 3,000 sq m per year.' Interested to Invest Bangkok, Call +6012-5316077 Joy / +6016-4465689 read more
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