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Sep 19, 2019 at 01:01 pm —
Bang Sue hub beckons, Developers looking at nearby opportunities

Bang Sue hub beckons, Developers looking at nearby opportunities

The development of Bang Sue Central Station, which will become Thailand's new rail transport hub when it opens in 2021, is having a significant impact on the property market in the areas surrounding it. The station itself will have a commercial area that will serve as a magnet for travellers as well as others who live in surrounding areas. There will also be residential and hotel space and government offices. Most of the land plots in the area around Bang Sue Central Station are owned by the Treasury Department and the State Railway of Thailand. Some of this land may be offered to developers on a leasehold basis if the state agencies can secure good terms. Many new condominium projects are taking shape in the area around Mor Chit, Lat Phrao and Saphan Khwai skytrain stations as well as the Tao Poon MRT station. Land prices in all these areas have risen in the past few years, especially since the start of work on the Bang Sue complex. The area around Saphan Khwai station has been particularly active since 2016, with prime land plots now selling for up to 1.3 million baht per square wah. There are 3,818 condo units in the area, with 1,200 planned to be launched this year. The average take-up rate in the area around Saphan Khwai station is also high at 85%, with average selling prices of 140,000 to 150,000 baht per square metre. Units in buildings located adjacent to Phahon Yothin Road sell for 20-25% more than those in projects located farther down sois or small secondary roads. Another notable development is a new mixed-use project by Sri Suppraj group close to the Saphan Khwai skytrain station, with office, retail and hotel space. Some old cinemas in the area are also being earmarked for renovation. The area around the Mor Chit skytrain station has also grown in popularity. The market is still awaiting clarity on the Bangkok Terminal megaproject, which will feature a transport centre, hotel, office space and serviced apartments.  The Unicorn project, a 7.8-billion-baht mixed-use development by Sino-Thai Engineering and Construction Plc, comprising two office towers, retail space and a sports centre, is starting construction near Mor Chit this year. Singha Estate, the owner of Sun Towers, has also leased and bought more plots nearby for parking, a food centre and another office building. Some new development projects on government-owned plots are also scheduled to be launched in the area this year or next. These will add a lot of retail, office, condominium and hotel space in the coming years. But there has been little movement on some projects for a long time, while others are awaiting the opening of official bidding. Good Time to Invest Bangkok Property, Kindly Contact +6016-4465689 / +6012-5316077 read more
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Sep 3, 2019 at 12:53 pm —
Sena partner upbeat on market

Sena partner upbeat on market

Japan's Hankyu Hanshin Properties Corp says it will spend 2 billion baht a year during 2020-22 on property development via joint ventures with SET-listed Sena Development Plc. Kazumasa Ohchi, senior general manager of Hankyu Hanshin Properties, said the spending budget for Thailand in the next three years represents a long-term investment in the country. 'We came to Thailand a few years ago because we were confident in the Thai economy, and today we remain feeling so,' he said yesterday. Since 2016, Hankyu Hanshin has spent 2.8 billion baht in Thailand. The entire amount went to condo joint ventures with Sena. To date, the 13 joint ventures are worth a combined 37 billion baht. The investment in the Thai property market is Hankyu Hanshin's largest in Southeast Asia, accounting for 50% of the total. Sena Hankyu Hanshin Co, a joint venture of Hankyu Hanshin Properties and Sena Development. Project in Piti Ekkamai, a condo launched last year with 879 units worth 5.6 billion baht. When completed, the property will be managed by Elite Residences Co, a subsidiary of Sena Development. Deputy chief executive of Sena Development, said condos priced at 150,000-180,000 baht per square metre will have hospitality services, something usually provided strictly for units priced above 250,000 baht. read more
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Sep 3, 2019 at 12:04 pm —
Foreign investment applications more than doubled to 147 billion baht

Foreign investment applications more than doubled to 147 billion baht

Thailand is already attracting some foreign firms which are looking to relocate production from mainland China to escape escalating US tariffs on Chinese goods. The investment promotion agency is aiming to attract 100 companies, mostly Chinese firms, to invest in Thailand, said head of the Board of Investment (BOI). In the first half of 2019, the total value of foreign investment applications more than doubled to 147 billion baht (RM19.9bil) from a year earlier, led by Japan and China This September Let's join our Bangkok Property Discovery Tour ☎️ +6016-4465 689 / +012-5316077 <#WhatsApp> Click Me 📲👇 👇 http://InvestBangkok.wasap.my read more
Tyssen Global Management added 4 new photos in Tourism
Aug 2, 2019 at 12:02 pm —
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