Brand new Shophouses for sale off Soi Buah Khao

New! 3 story shophouses have just been completed and are up for sale just off of Soi Buah Khao and the Soi Diana intersection. This area continues to grow like wild fire with new bars and condo complexes currently in development. There are 6 units available and are at a very cheap 4.9 MB per unit. See More

Tudor Court Condos on Pratumnak ready to move in!!

The long awaited completion of Tudor Court Condos on Pratumnak soi 2 are now being occupied! The rubble has been removed, the grounds have been cleared and the dust swept away.

Developer Simon Ditchburn has just announced that buyers are now moving in. There are still a few units available and Pattaya Real Estate Market has some of the best prices available.

Tudor Court Condos are built to the highest European standards with attention taken in every last detail. They will soon be offering serviced apartments available for rent shortly as well. For a better look at these high quality units check out the video below

Shop for sale soi Siam Country Club

A double wide Shophouse measuring 4 meters wide per unit has just come up for sale in Nong Prue Soi Siam Country Club Area. Bargain price of 5.8 MB in a rapidly growing area. Similar new Shophouses are going for 7.5 MB and up. See More

Condo market continues to soar!

The Chonburi area is expected to see 13,000 new units this year alone with another 8,000 for the Hua Hin Cha-Am region. The greater Bangkok area is expection another 60,000 units up almost 43%. This according to a survey conducted by the REIC.

There have been some declines reported in low rise residential developments, Bangkok saw a decline of 29% in comparison to this time last year. The business section in "The Nation" has allot of buzz lately regarding housing and condo prices and the amount of current and expected development. I found these numbers and this article interesting and have posted it below.

THE NATION October 2, 2012 1:00 am

 

Huai Khwang, Chatuchak, Din Daeng, Sukhumvit from Phra Khanong to Samut Prakan, Chon Buri province, Hua Hin and Cha-am show signs of a condominium glut this year, according to the Real Estate Information Centre.

A survey by the REIC found that more than 13,000 condo units would enter the market in Chon Buri and nearly 8,000 units in Hua Hin and Cha-am this year. They will account for about a half of all sales in both locations.

In Greater Bangkok, the centre estimates new condo projects will supply 60,000 units this year, up 42.85 per cent from last year, and low-rise projects - detached houses, townhouses and duplexes - will supply 35,000 units, down 14.28 per cent. This will drive volume growth for the residential market to 15.85 per cent this year.

The full-year estimate for Greater Bangkok reflects the introduction in the first nine months of condo projects with 46,000 units, up 42 per cent from only 32,500 units in the same period of last year. Of those 46,000, 39 per cent or 18,000 units have usable space of 26 square metres or less, 36.9 per cent or 17,000 units have more then 30sqm and 23.9 per cent or 11,000 units have from 26-30sqm.

The first nine months recorded 24,000 units of new low-rise residential projects. This represented a steep decline of 29 per cent from 34,000 units in the same period of last year.

Of the condo projects launched in the first nine months in Greater Bangkok, 71 per cent were developed by 34 listed property firms and the remaining 29 per cent by 100 non-listed firms.

Of the low-rise residential projects launched in the first nine months in Greater Bangkok, 69 per cent were developed by listed property firms and 31 per cent by non-listed companies.

Samma Kitsin, director-general of the REIC, said yesterday that demand for condos was rising after the flood hit Bangkok and its suburbs late last year.
Of the condo projects launched in the first nine months in Greater Bangkok, 71 per cent were developed by 34 listed property firms and the remaining 29 per cent by 100 non-listed firms.

Of the low-rise residential projects launched in the first nine months in Greater Bangkok, 69 per cent were developed by listed property firms and 31 per cent by non-listed companies.

Samma Kitsin, director-general of the REIC, said yesterday that demand for condos was rising after the flood hit Bangkok and its suburbs late last year.

Prices in Greater Bangkok for condos rose 6.4 per cent on average this year, while detached-house prices increased 3.3 per cent and townhouse prices by 4.7 per cent. Developers had to cover their rising construction costs, he said.

The Bank of Thailand is also closely monitoring the condo market in Greater Bangkok as prices have spiked, central bank officials said last week.

The condo price index last month rose 8.1 per cent year on year, while mortgages increased 9.3 per cent. The detached-house price index climbed 2.4 per cent and that for townhouses 1.8 per cent year on year.

The supply of high-rise residential units in August expanded 4.8 per cent and that for low-rises by 13.9 per cent from July in Greater Bangkok.

Thailands Don Mueang airport officially back in operation

Don Mueang airport is now back in full operation. The first Air Asia departed for Bali on time at 03:00 this morning. The airport will be serving as a domestic hub, an international airport and assist with connecting flights from international origins to domestic destinations.

This should free up room and ease congestion at the already over crowded Suvarnabhumi airport and make things easier for tourists and business travellers. See the article below taken from this mornings "The Nation"

02/10/2012

 

Don Mueang International Airport started buzzing from 3am yesterday as its first flight of the day, AirAsia's FD3677, took off for Denpasar, Bali, on the dot of 6.15am as scheduled. All the ground staff, especially Thai AirAsia chief executive officer Tassapon Bijleveld, were delighted by the smooth takeoff.

Taking off smoothly and on time is common in the aviation industry, but for AirAsia this one was very meaningful, because yesterday was the first day for the low-cost airline to relocate its operations from Suvarnabhumi Airport.

The airline and Airports of Thailand spared no costs in keeping passengers in Terminal 1 entertained. AirAsia organised fashion shows and AOT paid for concerts. Their joint efforts were obviously meant to prove that the old airport was back in action.

Terminal 1 was full of people, as passengers, media personnel and guests jostled for a part of the action. In fact, an airport guard said he had never seen the facility this busy before.

And though there was a bit of a traffic jam getting to the departure building at 6am, passengers were not disappointed by how smoothly everything went.

Passenger Wichai Lhaoprapatsorn said he had no problems with the airline's relocation. He was taking a connecting flight to Yangon from Chiang Rai. However, he did voice concerns about having to take connecting flights with other airlines that fly out of Suvarnabhumi. He said Don Mueang should offer free transport to Bangkok's main international airport.

Things did not go too smoothly for everybody, however, as five foreigners ended up missing their flight. They had probably not heard about the relocation, though AirAsia staff have been going out of their way to inform people.

Meanwhile, Tassapon said Don Mueang's preparation was acceptable with the exception of some lighting problems, unclear signage and ground transport. He said he would inform AOT about these problems and hope the authority finds solutions within a week.

AirAsia founder Tony Fernandes was also present at the airport yesterday and said this relocation was a crucial step for Thailand to become a low-cost-carrier hub in the region. He added that cutting down the international passenger service charge would certainly help. He cited Malaysia, which only charges passengers Bt300.

Tassapon added that moving to Don Mueang was also beneficial for AirAsia because this airport was closer to downtown Bangkok. Hence, he said, the airline expected the number of its domestic passengers to increase by 5 per cent. Its current load factor for domestic flights is between 82 and 85 per cent.

Thai AirAsia operates about 160 flights daily, of which 45 are international. Next year, its daily flights should hit 200 and the airline hopes to generate at least Bt20 billion in sales revenue.

Nok Air CEO Patee Sarasin welcomed AirAsia to Don Mueang, saying its presence would change the dynamics of the airport. He said this market had more room for growth, especially since competition has intensified.

Currently, Nok Air operates 89 flights out of Don Mueang and its average load factor is 85 per cent. In the first quarter of next year, the firm plans to fly to four or five cities in China because of high demand. The airline already operates three charter flights per week to Nanjing.

Nok Air is also planning to get listed in the Stock Exchange of Thailand, aiming to spend the funds raised on expanding its fleet. It has about 11 planes at present and hopes to boost that number to 20 by next year.

It is aiming for profits worth more than Bt500 million by the end of this year, which shows a vast improvement from the Bt198 million it projected early this year. He said the airline had recorded profits worth Bt400 million so far this year.

Pattaya continues to play a huge role in South East Asia Tourism

Cambodian airline Air Hanuman will soon start servicing 3 return flights between Siem Riep and Pattaya's Utapao airport per week. Opening up Pattaya as a servicable hub from more local destinatons is great news for local hotels, guest houses and serviced apartments as well as local -- and hopefully -- legit tour operators. For more please see this mornings article from Pattaya 103!

Pattaya: Airport announces new flights to Cambodia from Utapao

Cambodian airline, Air Hanuman, has negotiated a regular route between Siam Reap Cambodia and Pattaya’s own Utapao Airport.  The service, which will initially be a weekly series of three return flights, will mean that tourists can leave Pattaya and be in Cambodia in just about an hour.

(link to their site is at the bottom of this article)

This new route is great news for travelers who want to visit Pattaya from Siem Reap and explore the mysterious Siem Reap-Angkor Wat Temples, from Pattaya.

To date, the only options have been either the long drive to Bangkok’s airport or the day long drudge over Thailand to the border and  the less comfortable roads of Cambodia.

Utapao was built by the US Military during the Vietnam conflict and was used as the main hub for Thailand a few years back when Bangkok Airport was closed.  At the time, Pilots and airlines were not only impressed with the runways but also the facilities and ease for passenger to get through the usual queues quickly to board and leave the planes.

Flights start this month  and are planned for 2PM departures from Siam Reap and 4.PM departures from Pattaya, using B737-300 aircraft in a joint venture with  Tonle Sap regional airlines.
In a meeting today, Sunday, the Company executives explained that this just the tip of the iceberg as far as new routes are concerned for the company. Many more are planned, affording passengers easier access to numerous destinations via their hub.

As a bonus to travellers who are new to Cambodia, everything is accessible through the company website, from ticket and Hotel accommodation through to tours and travel, all using experienced staff and hotels which are recommended by the airline.

In addition to Pattaya residents travelling to Cambodia, the airline is working on a joint promotion of Pattaya City to Cambodian residents and plans to share the many great reasons why visitors should come to Pattaya city from Siem Reap.
 http://airhanuman.com/book.php



Read more: http://www.pattaya103.com/pattaya-airport-announces-regular-cambodia-flights/#ixzz280oclOvS

Chonburi Condo market on the rise

In the hottest selling areas for condos such as Pattaya, Naklua, Jomtien, and even the proclaimed "Beverly Hills" of Pattaya..Pratumnak Hill, there seems to be one overshadowed market place.

Chonburi province in its own right boasts huge industrial compounds that require corporate housing for both Foreigners and Thal Nationals.

LPN Development is currently estimating demand at 10,000 new condominium units per year to house blue and white collar workers currently working in Chonburi factories and industrial estates. These new projects are slated to very reasonably priced starting at 550,000 Bt and not to exceed 2 Million Bt.

To gain a better understanding of just how much of a housing shortage exists through Chonburi's industrial compounds please check out the article below from "The Nation".

SOMLUCK SRIMALEE
THE NATION October 1, 2012 1:00 am

 

More than Bt20 billion worth of new condominium projects will be launched in Chon Buri province, including Pattaya, in the current second half of the year thanks to strong demand. Most of the demand is for condos priced lower than Bt2 million.

LPN Development says it sees demand in Chon Buri for nearly 10,000 condominium units per year.

These are located near eight industrial estates around the province, such as Amata, Laem Chabang, Saha Group's estate, three projects near Pinthong Industrial Estate, Hemaraj and Panthong Kasem Industrial Estate.

These estates host 479 manufacturing plants that employ more than 211,000 people, 10 per cent of whom are white-collar staff. Chon Buri also has five universities.

LPN Development managing director Opas Sripayak said many employees in the industrial estates and students and teachers in the universities rented serviced or unserviced apartments costing between Bt3,000 and Bt5,000 a month. But Chon Buri province has only 28 apartment projects with a combined 1,262 units, not enough to handle the rising demand.

The company's survey also showed that industrial-estate employees who want to buy a home needed the price not to be higher than Bt2 million.

As a result, the company decided to launch its latest condominium project, Lumpini CondoTown Chonburi-Sukhumvit, worth Bt2.6 billion. The project has 4,181 units at starting prices of Bt550,000, which have utilisation space of 21 square metres.

The project will open for booking next weekend.
By the end of last week, the company had already issued 2,000 queue tags to people interested in booking next weekend, and expects tags to total 2,500-3,000 before bookings open on Saturday.

This is an indication of the strong demand in this market after the company had successful launches of three condominium projects in Pattaya worth Bt8.2 billion in the first half of the year.

Sansiri also will launch its first condominium project in Pattaya, in the Wong Amat area, next weekend called Baan Plai Haad, worth Bt2.2 billion, with 353 units at a starting price of Bt3.59 million.

In the third quarter, Kingdom Property Co launched a condominium project called Southpoint Pattaya, worth Bt2 billion.

In the same quarter, Kotobuki Property launched a condominium project worth Bt95 million at Lamthan, Chon Buri province.

A survey by the Agency for Real Estate Affairs shows 87,500 residential units worth Bt246.5 billion in Chon Buri province, of which 60,241 have sold. The agency believes that the rest will be sold out by the end of the year because this market has strong demand, especially for units priced lower than Bt3 million.