ep.co.th https://ep.co.th Commercial Investment Property Thailand Fri, 28 Dec 2018 10:45:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 https://ep.co.th/wp-content/uploads/cropped-cropped-favion-remax-1-32x32.png ep.co.th https://ep.co.th 32 32 In 2018 Thailand hosted more tourists than ever https://ep.co.th/in-2018-thailand-hosted-more-tourists-than-ever/ https://ep.co.th/in-2018-thailand-hosted-more-tourists-than-ever/#respond Fri, 28 Dec 2018 03:55:28 +0000 https://ep.co.th/?p=2488 Thailand records 7.5% growth in visitor arrivals The Ministry of Tourism and Sports announced the tourism figures for January-November 2018. Thailand received 34,431,489 international visitors, up by 7.53% over the same period of last year, generating an estimated 1.8 billion Baht in tourism revenue, up by 9.79%. The highlight of the results was the fact…

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Thailand records 7.5% growth in visitor arrivals

The Ministry of Tourism and Sports announced the tourism figures for January-November 2018. Thailand received 34,431,489 international visitors, up by 7.53% over the same period of last year, generating an estimated 1.8 billion Baht in tourism revenue, up by 9.79%.

The highlight of the results was the fact that seven countries (China, Malaysia, South Korea, Lao PDR., Japan, India, and Russia) have already generated more than one million visitor arrivals, and three more countries (USA, Vietnam and Singapore) were set to follow suit when the full year 2018 results were tabulated.

Commenting on the performance, TAT Governor Yuthasak Supasorn said, “We are overjoyed to have this result in the last quarter of 2018. The 35 million visitor target is now set to be met. It is a tribute to the cooperation and creativity of the entire Thai travel and tourism industry to ensure that it remains our primary sector for job creation, distribution of income nationwide, and contribution to cultural, heritage and environmental preservation.

Summary of the key results in January-November 2018:

Overview: All regions grew well except the Middle East and Oceania. Visitors from East Asia totalled 23.62 million (+9.21%), Europe 5.91 million (+4.03%), the Americas 1.41 million (+3.70%), South Asia 1.77 million (+11.32%), Oceania 838,713 (-1.40%), the Middle East 683,420 (-6.24%), and Africa 174,565 (+9.63%).

East Asia: East Asian visitor arrivals comprised the biggest market share of all visitors. A total of 23.62 million or 68% were from East Asian countries. Apart from China (9.69 million), the other top sources of arrivals were Malaysia (3.56 million), South Korea (1.62 million), Lao PDR. (1.59 million) and Japan (1.50 million).

The ASEAN countries in total generated over 9.17 million arrivals, with growth by Malaysia (+15.52%), the Philippines (+12.63%), Indonesia (+11.52%), Vietnam (+10.18%), Cambodia (+4.59%), Lao PDR. (+4.48%), Singapore (+3.73%), and Myanmar (+0.68%). Only Brunei showed a decline (-3.89%).

Europe: European visitors were up 4.03% to 5.91 million. Russia retained its status as the largest source market from Europe with arrivals of 1.26 million, up 10.33%. The United Kingdom was the second highest source market with a total of 877,502, followed by Germany 789,150, up 4.46%, and France 677,579, up 1.46%.

Visitor markets also grew from East Europe (+9.22%), Austria (+12.08%), the Netherlands (+6.41%), Italy (+6.17%), Denmark (+4.25%), Finland (+2.22%), Belgium (+1.84%), and Spain (+1.32%).

The Americas: Arrivals from the Americas grew by 3.70% to 1.41 million. The main market, the USA, increased by 6.37% to 993,631. Arrivals from Canada were up 7.18% to 245,227.

South Asia: Arrivals from South Asia grew by a strong 11.32% to 1.77 million. India topped the list with arrivals up by 12.03% to 1.42 million. Other countries also showed good growth; such as, Nepal (+27.63%), Bangladesh (+8.21%), Sri Lanka (+2.81%), and Pakistan (+2.70%).

Oceania: Arrivals from Oceania declined by 1.40% to 838,713 visitors. Australian visitors declined by 1.61% to 728,720. Arrivals from New Zealand declined by 0.23% to 106,378.

Middle East: Arrivals from the UAE declined by 7.16% to 117,162. Arrivals from Saudi Arabia declined by 18.99% to 26,075. However, some markets like Kuwait (+2.74%) reported good results.

Africa: Arrivals from Africa grew by 9.63% to 174,565, mainly due to arrivals from South Africa (86,509).

Data: TAT

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Bangkok Land Prices: 1,000% increase over 30 years https://ep.co.th/bangkok-land-prices-increase/ https://ep.co.th/bangkok-land-prices-increase/#comments Thu, 12 Jul 2018 23:16:09 +0000 https://ep.co.th/?p=1995 Bangkok land prices in Central Business District (CBD) have increased by 1,000% over 30 years and continue to rise. Bangkok land prices rose dramatically during the Asian Tiger boom years from 1988-1996 before the market came to a grinding halt in the 1997 financial crisis. Price growth resumed in the early 2000s and there has…

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Bangkok land prices in Central Business District (CBD) have increased by 1,000% over 30 years and continue to rise.
Bangkok land prices history

Bangkok land prices history

Bangkok land prices rose dramatically during the Asian Tiger boom years from 1988-1996 before the market came to a grinding halt in the 1997 financial crisis.

Price growth resumed in the early 2000s and there has been a rapid escalation of prices over the past two years for prime CBD sites.

Two landmark transactions in the late 1980s were the acquisition of an eight-rai site on Sathon by the original developer of the abandoned Empire Tower for around 125,000 baht per square wah and the acquisition of a 21-rai site on Wireless Road, which was then the Standard Chartered Bank manager’s house, by the M Thai Group for around 250,000 baht per sq wah. The plot was developed to be All Seasons Place.

The latest sale on Sathon was the 8-rai Australian Embassy plot for 1.45 million baht per sq wah in 2017.

In Lumpini, SC Asset paid 3.1 million baht per sq wah for an 880 square wah site on Lang Suan Road.

The largest Bangkok land sale in terms of value was the sale of the 23-rai British Embassy site in 2018 to the Central Group/Hongkong Land joint venture.

CBRE says the increase in land prices has not been uniform and there has been a huge change in the development patterns in Bangkok.

Historically, the commercial city center was on Charoen Krung Road and the government buildings were on Rattanakosin Island.

In the 1950s and 1960s, the commercial center moved to Silom and Surawong roads.

Bangkok grew in the 1970s and 1980s, but did not have a clearly defined city center and development spread as new roads were built, but this has changed.

The two big changes have been the opening and extension of the mass transit system with the first skytrain line (BTS) in 1999 and the first MRT line in 2004.

The mass transit lines have changed the way of life in Bangkok. By the mid-2020s, Bangkok should have about 460 kilometres of mass transit lines, outstripping the 402-km London Underground system.

The popularity of Bangkok’s mass transit routes with over 1.2 million users a day has increased land values next to stations, but not every line or station is equally attractive. Land values have been partially determined by the popularity of a line and a station.

“The other big determinant of land prices has been urban planning and building regulations, particularly those governing how much space can be built. Obviously if less space can be built on a site then the land is worth less,” said Kulwadee Sawangsri, executive director of capital markets for investment and land at CBRE Thailand.

Planning and building regulations have become increasingly stricter and more sophisticated and have become a key factor in determining land price.

In the 1980s and 1990s, Bangkok spread further outward, but in the 2000s, Bangkok has become more inward looking with the adoption of high-rise condominium living and the growth of modern office space. The city centre is becoming more clearly defined and the next round of development will be built on many of the remaining under-utilised sites such as the 105-rai Suan Lum site of the One Bangkok development on the corner of Rama IV and Wireless roads.

Land prices are starting to form a much greater proportion of total development costs as they have risen at faster rates than construction costs. Total development costs have risen, mainly due to the increase in land prices, driving condo prices higher and raising the revenue needed to make rental projects feasible.

CBRE expects central Bangkok will continue to be the most preferred location for the best hotels, offices, retail centers, residences and other types of buildings. Bangkok will have a clearly defined city centre with extended development along the mass transit line routes concentrated in clusters around the stations.

The rate of increase of land prices will depend on the level of development activity and the returns that can be generated from development. This will vary depending on what can be built and how much customers can afford to pay either to buy or rent in the completed developments.

As the number of freehold potential development sites in Central Bangkok declines, CBRE expects that Bangkok land prices will continue to rise.

In some cases, land prices will be higher than the value of the existing building on the plot and we will see more older buildings being demolished and sites being redeveloped.

The demolition of Kian Gwan Tower I on Wireless Road and Vanissa Building on Chidlom Road are good examples. There are also plans to demolish the Dusit Thani Hotel and redevelop the site. So far, it has only been single ownership buildings that have been demolished.

Credits to CBRE and Bangkok Post

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Bangkok has made a new record of international arrivals again, so what’s next? https://ep.co.th/bangkok-has-made-a-new-record-of-international-arrivals-again-so-whats-next/ https://ep.co.th/bangkok-has-made-a-new-record-of-international-arrivals-again-so-whats-next/#respond Mon, 09 Jul 2018 05:49:34 +0000 https://ep.co.th/?p=1972 Bangkok has made a new record of international arrivals again, so what’s next? Following a robust year in 2016, the growth momentum continued in 2017, and is fully expected to continue on into 2018. The city’s upbeat performance is a fruition of hoteliers’ hard work and a little bit of luck when China shut the door to South Korea and Mount…

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Bangkok has made a new record of international arrivals again, so what’s next?

Following a robust year in 2016, the growth momentum continued in 2017, and is fully expected to continue on into 2018. The city’s upbeat performance is a fruition of hoteliers’ hard work and a little bit of luck when China shut the door to South Korea and Mount Agung in Bali did Thailand a big favour. The Bangkok hotel market enjoyed booming demand across the board with gravitation toward intraregional travels.

2018 outlook remains bright and positive but what lies ahead? One must ask oneself, “Are we reaching the peak after a long uphill battle or this is simply a moment before a
flight takes off?”

In all fairness, it is the million dollar question. Despite big numbers of visitation statistics, we must not forget that the two Bangkok airports, the city’s heart and soul feeding tourists to all hotel submarkets, are operating beyond capacity. Until bottlenecks are unlocked, we will likely see smaller waves of single-digit growth for consecutive years.

Mass tourism could lose its way to repeat success stories as owners and developers, local and international, are jumping on the bandwagon and supply is playing catchup.  Identifying a niche spot and crafting an irreplicable product would prove to be a strenuous task but eventually rewarding with a competitive advantage from high
barriers to entry.

There are plenty of beautiful properties built without knowing customer profile and they are ready to undercut one another for survival. When the going gets tough, the
tough get going.

So, infrastructure is a first and foremost step to success. This is attested by developed metropolises like Singapore, Tokyo and Hong Kong commanding big bucks of tourism spending. New demand generators are being developed as we see more (mega) mixed use complexes sprawling throughout Bangkok.

The goal is to capitalize on a new genre of discerning and experiential travellers who pay for what they value rather than a good value for money. If things go as planned in an orderly and coherent fashion, everyone’s hope of witnessing Bangkok benchmarked with other big names will not be just a dream.

It is great to think long term, but regardless the city’s destiny may be decided at the upcoming election, scheduled in early 2019. Another domestic quarrel with bad press could send the hotel market back to where it had been not long before. Then, hoteliers can only wink and wait patiently for the blue sky after a big storm as tourists start to play a merry-go-round again.

Bangkok Visitor Arrivals

Bangkok has gained significant popularity in the travel and tourism industry. MasterCard ranked Bangkok as the top destination city by international visitor arrivals in its Global Destination Cities Index, and Euromonitor International ranked Bangkok fourth in its Top City Destinations Ranking.

The city offers a wide range of tourism products from exquisite temples and palaces in the old quarter to modern recreational amenities including culinary adventure, night life, shopping and spa. MICE (Meeting, Incentive, Convention and Exhibition) and medical tourism in Bangkok are also enjoying international presence.

The city is a commercial and transport hub of Thailand and the Indochina region where long-haul business and leisure travellers fly into and/or use as a base to catch domestic or regional carriers to other destinations. Thailand has been the largest feeder market for Myanmar, Laos and Cambodia as local airlines in these countries are at an inaugural stage. In return, Bangkok captures their growing outbound travel demand.

Bangkok is also a connecting hub for travellers from China and Australia to South Asia, particularly India and Pakistan. Providing direct connectivity with these major countries creates immense travel opportunities. Furthermore, Bangkok is one of a few cities outside
South Asia that operates direct scheduled flights to Bhutan, an upmarket vacation destination with a minimum daily spending requirement.

Credit to Nikhom Jensiriratanakorn, Director, Horwath HTL

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Prime Beachfront Land for Large Property Project in Phetchaburi, Thailand https://ep.co.th/prime-beachfront-land-for-large-property-project-in-phetchaburi-thailand/ https://ep.co.th/prime-beachfront-land-for-large-property-project-in-phetchaburi-thailand/#respond Sat, 12 May 2018 01:33:04 +0000 https://ep.co.th/?p=1742 PRIME BEACH-FRONT LAND FOR SALE LOCATION BAN LAEM, PHETCHABURI DISTANCE APPX. 120 KM FROM BANGKOK APPX 70 KM TO HUA HIN AIRPORT Why we like Pattaya? Because we can get to a beach within only 2 hours of drive from Bangkok. Why we don’t like Pattaya? Because beach is not as nice and clean as…

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PRIME BEACH-FRONT LAND FOR SALE

LOCATION
BAN LAEM, PHETCHABURI

DISTANCE
APPX. 120 KM FROM BANGKOK
APPX 70 KM TO HUA HIN AIRPORT

Why we like Pattaya? Because we can get to a beach within only 2 hours of drive from Bangkok.
Why we don’t like Pattaya? Because beach is not as nice and clean as we would like it.

What if we can build a “New Pattaya”, that is even closer to Bangkok, and has a beautiful white sand beach?

If you are a visionary investor or a large developer, seeking for a property with tremendous potential, take a look on this prime land located between Bangkok and Hua Hin within less than 2-hours drive from Bangkok and features more than 4 km of white sand beach!

BEACHFRONT LENGTH
APPX 4.1 KM

AREA
Option 1: 2,500 RAI / 400 HECTARES  (1 plot)
Option 2: 1,500 RAI / 240 HECTARES (several plots)

OWNERSHIP
FREEHOLD WITH TITLE DEED

PRICE:
THB 5 MIL / APPX. USD 156.5K – PER RAI
THB 31.25 MIL / APPX USD 939.4 – PER HECTARE

CONTACT
Mr. TEERAWIN T. (WIN)
FOUNDING DIRECTOR, RE/MAX CondoDee

MOBILE: +66-6-1949-1426 – WHATSAPP / LINE / WECHAT / VIBER
EMAIL: REMAX@CONDODEE.COM

Download PDF file here:

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3 Main Factors to Consider When Choosing Rental Yield Guarantee Programs in Phuket https://ep.co.th/rental-yield-guarantee-programs-phuket/ https://ep.co.th/rental-yield-guarantee-programs-phuket/#respond Fri, 25 Aug 2017 01:49:22 +0000 http://ep.co.th/?p=497 Rental Yield Guarantee Programs We all look for great rental yield when we purchase luxury properties in Phuket as an investment so Rental Yield Guarantee Programs are perfect for just that as you will receive rental yield per year guaranteed without having to do anything.  Here are the main factors to consider when choosing Rental Yield Guarantee Programs for Investors in Phuket.   Well-Established…

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Rental Yield Guarantee Programs

We all look for great rental yield when we purchase luxury properties in Phuket as an investment so Rental Yield Guarantee Programs are perfect for just that as you will receive rental yield per year guaranteed without having to do anything. 

Here are the main factors to consider when choosing Rental Yield Guarantee Programs for Investors in Phuket.

 

Well-Established Management Team

Please check that well-established management teams will manage the whole process for you so you don’t have to worry about anything. If you choose this program, the management team would advertise your property on Agoda, Booking.com etc to attempt to find guests to stay at your property. In the very unlikely case that they cannot find anyone to rent your property, that will not be your problem or worry as you will still receive rental yield on a yearly basis guaranteed. 

 

Annual Yield Offer

A good Guarantee Program in most cases offers you 5 to 6.5% per year of the purchase price for either 5 or 10 years which is a great return on investment. Be careful if larger yield is offered as this is the standard % for well-established and trustable property developers. It would require special attention and a more detailed investigation if the % offered was higher. If this is the case, we  recommend, to consult and get advice from an experienced third party real estate consultancy. 

 

Stay in Your Property Every Year

An appealing Guarantee Program in Phuket should also allow you (the Investor) to stay in your own property for 30 days per year free of charge whilst you are in this program. We are talking about Phuket, and this option is usually available. 

The easiest way to look at the Guarantee Program is as follows:

  1. The management team will rent your property for 11 months of the year
  2. You (the Investor) will get one month free stay per year for your holiday and then you (the Investor) will receive 5 to 6.5% rental yield guaranteed on a yearly basis. 
  3. The well-established management team will do everything for you and everything is included in this program such as; check in & check out for guests, breakfast for guests, cover water & electricity bills, all marketing duties, housekeeping, free shuttle-bus service and all other general rental duties.

It is also worth mentioning that the maintenance fee should be free of charge for each Investor when you indulge with this program (Management Company covers the cost for you) at some developments. There are also some other investment programs available with specific projects.

Rental Yield Guarantee Programs are hassle and stress free as you know you will be receiving a certain percent yield year after year guaranteed. For example, on a 10 year program, you can exit out of the program half way through after 5 years if you do decide you would like to use your property for another use such as self-living, use other investment programs etc. 

 

About Phuket Lux by RE/MAX CondoDee

Our high-end projects related to Phuket luxury properties offer you Rental Yield Guarantee Programs in for a piece of mind and to get you a great return on your investment going forward. 

For more details contact us

Originally posted by RE/MAX CondoDee

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