Bangkok’s real estate market has witnessed tremendous growth over the last five years. Since 2013, more than 300,000 new condo units have been launched, 1.3 million square metres of new retail space has opened and nearly 800,000 sqm of new office space has completed, not to mention healthy growth in the hospitality and logistics sectors. […]
Thai Airbnb hosts have served more than 1.2 million guest arrivals over the past 12 months and earned 4 billion baht. Airbnb’s head of public policy for Southeast Asia, said the Thai host community earned a combined US$119 million (4 billion baht) in supplemental income from February 2017 to February 2018. Ms Goh said […]
Already a significant player in the real estate space, sovereign wealth funds (SWFs) are set to further increase their allocation to real estate. Preferred sectors include core office and retail assets as well as open-ended funds and listed REITs (real estate investment trusts) with allocations to steadily increase over the foreseeable future. According to PwC, […]
A drone the size of one’s palm buzzes 50 metres up a skyscraper in downtown Singapore. Tracing the contours of the building, the machine scans for cracks and records the temperature of the building’s façade as it makes its ascent. Sitting in a room 5 kilometres away, a man sees a live feed from the […]
As we approach the end of 2017, here’s a look back at the most significant real estate trends that have shaped the real estate landscape – and are likely to flow through to 2018. 1. Proptech A convergence of property and technology: proptech has changed the way we use real estate. From data analytics to […]
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 […]
