Asia Investment MarketView 2H 2009
Asian real estate investment markets recovered strongly in the second half of 2009 after enduring a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence returned, underpinned by low financing costs, the recapitalisation of private and public real estate funds/investors and [...]
The Bangkok Post reports that Ford is threatening to relocate their proposed project
There was a very worrying article in the Bangkok Post on February 3rd suggesting that Ford would shift new investment to other countries unless the Thai government resolved issues at Map Ta Phut.
Initially the problems were limited to the Map Ta Phut Industrial [...]
The government seems intent on proposing a new tax on land and property which if implemented could have a significant impact on the property market.
Driving around Bangkok or viewing the city using Google Earth reveals a large number of empty land plots that one would not see in other cities.
Traditionally Thais have invested in land [...]
There were two notable building transactions in the third quarter of 2009. Bangkok Broadcasting & Television Co. Ltd acquired 28 units at the Star Estate @ Rama III condominium project from Eastern Star Real Estate Public Co. Ltd for THB 124,594,047. In addition Bliss-Tel Public Co. Ltd paid THB 154,500,000 to AngKet Holding Co. Ltd [...]
Q2 2009 has seen a disappointing number of transactions, one however is worthy of noting, that being the purchase, by LPN Development Plc. of three development sites. The total value was approximately THB 700 million for three land plots in different locations. With regard to whole building sales in Q2 2009 there was no activity. [...]
During Q1 2009, we saw an increase in interest and enquiries about revenue-producing assets, even though there were no major reported transactions of this type. The few land sales seen were completed by developers, some of whom are continuing to expand their development portfolio despite economic conditions.
We continue to believe that we will not see [...]
Asia’s real estate markets are outperforming the slowing US and European markets. The main countries benefiting from this trend have been the larger markets such as Japan, Hong Kong and Singapore, and there is now an increasing focus on Thailand, according to leading international property consultants CB Richard Ellis.
Property investment has become a global [...]
A total of 11 new Real Estate Investment Trusts (REITs) were listed in Asia during the first half, bringing REIT market capitalisation to over US$80 billion as at end-June 2007, according to CB Richard Ellis. The level of Asia REIT capitalization is approximately twice of that at the end of 2005.
According to the “REITs Around [...]
