Singaporean sovereign wealth fund, is acquiring a 43 percent stake in Shinjuku MAYNDS Tower, a 97,978 square metre Grade-A office property in Tokyo for 62.5 billion yen ($558 million), according to a press release from the fund yesterday. The Shinjuku SWF deal came just one day after a real estate affiliate of Prudential Financial announced […]
The average price of condominiums could grow at least 8% in 2018, despite the looming land and buildings tax, says property consultant Nexus Property Marketing Co. Managing director Nalinrat Chareonsuphong said the land and buildings tax, due to come into force in January 2019, is unlikely to harness the increase in land prices in Bangkok, […]
Four active and former executives of KC Property Company have been accused by the Securities Exchange Commission of embezzlement for allegedly issuing and selling the firm’s short-term BEs (bills of exchange) for their own benefits. An informed SEC source said that the accusation against the four was made possible after the auditor had uncovered the […]
Total number of new supply in 1H 2017 increased 39% to 30,493 units compared to 21,927 units in 1H 2016. On demand front, there were 27,275 condos sold in the first half of 2017, up 11.5% from the same timeframe in 2016. New launching supply in CBD, city fringe, and peripheral were accounted of 6%, […]
The Stock Exchange of Thailand (SET) will list additional trust units of TICON Freehold and Leasehold Real Estate Investment Trust (TREIT) after finishing the conversion process of three property funds, becoming the biggest industrial real estate investment trust (REIT) in Thailand, on December 28, under the ticker symbol “TREIT”. TREIT has successfully received the transfer […]
Read the rest of Bangkok Highest Appraisals for Land Prices on Thailand Business News
Strategic Property Investors Co Ltd (SPI), an independent REIT manager, has formed the Strategic Hospitality Extendable Freehold and Leasehold REIT (SHREIT) to raise up to 3.74 billion baht ($115 million) for operating three hotels in Indonesia and Vietnam. The three hotels are Pullman Jakarta Central Park, Capri by Fraser in Indonesia and IBIS Saigon South […]
Habitat Group, a Thai developer of premium property, plans to raise up to 1.5 billion baht ($46 million) in its initial public offering (IPO) scheduled for the second half of 2019. The company will use most of the IPO proceeds to acquire more lands for new developments and nearly 20-30 per cent as working capital, […]