South East Asia

Hanoi real estate projects ‘burst open’

Thu, 11 Mar 2010 02:53:55 -0600

VietNamNet Bridge –Hanoi’s real estate market has awakened after two months of hibernation by the news that the capital city will have five satellite urban areas. Additionally, the demise of gold trading floors has brought more capital to the real estate market.

Thai property set for price increases

Tue, 09 Mar 2010 02:22:05 -0600

The Thai property market is bracing itself for price increases at the end of March after government officials decided that they would not be renewing tax breaks.

Wily Sunisa and The Grand Property Scam in Jomtien Soi 7

Mon, 08 Mar 2010 02:29:06 -0600

Property in Thailand is probably one of the most lucrative investment arenas, worldwide, with prices almost 1/3 of an equivalent unit in most top Western destinations. This particularly applies to Pattaya where the total value of condos sold leapt from US$12m in H1,2005 to an astounding US$222m in H1,2008 (Bt 392.4m-7,258.33m), with prices rising from US$1,929 prices per square metre (psm) to US$3,264 psm (Bt63,096.51 - 106,767.98). In one case, The Cove topped Bt220,000 psm; the equivalent of top Bangkok prices. Being such a lucrative arena, however, makes the property market highly susceptible to scam merchants, one such we will elaborate on after giving you the background to the Pattaya Property Market.

Indonesia looks to revise foreign owenership regulaions.

Mon, 08 Mar 2010 02:23:31 -0600

Indonesia´s state minister for Public Housing Suharso Monoarfa said he would propose revision of regulation on foreigner ownership of property in the country.

Real Estate Sale & Investment Pitfalls in Thailand

Fri, 05 Mar 2010 02:38:42 -0600

Real Estate is a very high value industry, which inevitably makes it a prime stamping ground for rip-off merchants and scam-artists, particularly in Thailand, sometimes dubbed the Land of shark smiles”. Naïve, would-be investors make perfect victims for the unscrupulous, who delight in taking the shirts from off their backs, especially in Fun Town, where anything goes and scams are legion.

End of real estate tax breaks in Thailand will see price of new property rising in April

Fri, 05 Mar 2010 02:36:00 -0600

Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering and developers are returning to normal profits levels.

CIMB Thai sings off THB480-million loan to support U Delight @ Huay Kwang Station

Thu, 04 Mar 2010 04:24:06 -0600

Mr Subhak Siwaraksa (3rd left), President and CEO of CIMB Thai Bank Public Company Limited, together with Mrs Ornruedi Na-Ranong (3rd right), Chairman of Grand Unity Development Company Limited and management from both companies, recently signed off a THB480-million loan agreement contract to support the U Delight @ Huay Kwang Station project, which launched into the market since end of last year.

The Great Appreciation

Wed, 03 Mar 2010 02:13:27 -0600

Kuala Lumpur’s landed property market is showing signs of recovery with the capital values of prime landed home showing the greatest price appreciation at 60 percent on average in the fourth quarter of last year, according to a research by Jones Lang Wooton (JLW).

Bangkok building takes bronze in global architecture competition.

Tue, 02 Mar 2010 02:20:30 -0600

A Bangkok skyscraper has ranked third in a prestigious global high-rise architectural competition.

Hong Kong launch for Koh Samui’s latest branded residences development.

Tue, 02 Mar 2010 02:16:28 -0600

Thailand´s latest branded residence development will launch in Hong Kong this weekend.

Thailand Cancels Property Tax Breaks, Water Subsidies, Extends Others

Tue, 02 Mar 2010 01:34:00 -0600

Thailand’s government has decided to cancel the tax incentives given to the property sector when they run out on March 28, 2010. Other measures introduced to assist poor people, however, will be extended until the end of June.

KBank launches housing tax subsidy for home buyers

Thu, 25 Feb 2010 02:38:31 -0600

Kasikornbank will subsidise housing tax for mortgage loan applicants after the government ends incentives for property buyers, says first senior vice-president Chatchai Payuhanaveechai.

New guidelines add to transparency of Thai real estate market

Thu, 25 Feb 2010 02:36:19 -0600

Thai lenders and the investment community will find it easier to set internationally recognised values on investment property under construction after a new guidance note was issued by the International Valuation Standards Council.

Phuket Property: yooPhuket wins Fractional Life Readers Choice Award

Thu, 25 Feb 2010 02:35:06 -0600

yooPhuket, a spectacular collection of 256 apartments and penthouses on the Thai island of Phuket, has won the Fractional Life Readers Choice Award.

Property perks to end

Wed, 24 Feb 2010 02:06:09 -0600

Housing prices are forecast to rise by at least 4% starting in April after the government announced the end to a package of tax incentives for homebuyers.

Thai govt ends property tax breaks as economy recovers

Wed, 24 Feb 2010 02:01:14 -0600

BANGKOK, Feb 23 (Reuters) - Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering, but it will maintain some subsidies aimed at helping poorer people, the finance minister said on Tuesday.

Bangkok office market transactions top THB10 billion during 2009,

Mon, 22 Feb 2010 01:56:15 -0600

Capital transactions in the Bangkok office market totalled almost THB10 billion during 2009, despite both local and global difficulties.

Incentives not a basis to buy

Fri, 19 Feb 2010 02:44:09 -0600

Homebuyers should consider interest rates and their capability to get a housing loan before they buy a house rather than the extension of property incentives, says Khan Prachuabmoh, the president of the Government Housing Bank (GH Bank).