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Archive for October, 2007

Jellyfish in Bangkok and now ET spotted in Northern Thailand - just Pai in the sky?

Jellyfish in Bangkok and now officials in Thailand are investigating claims by Pai villagers who say they have seen an alien, Farang-Pai-Nai reports
In May, Thai TV Channel 5 (Thai Army Channel) reported at least seven, 30cms long, cucumber shaped alien objects with the consistency of jellyfish had been found within the city borders of Bangkok. [...]

Thai stock market trading at a 15-20% discount to regional peers…

Thai Property News picked up this little nugget from Sriwipa Siripunyawit, Bangkok Post (Oct 14) who reports the Thai financial market has weathered the US sub-prime storm and should now head on a bull run largely due to solid fundamentals and the upcoming election, which will lead to improved consumer and investor confidence.
Head of fixed [...]

Raimon Land’s Condominium Focus, August 2007

“…. prices will jump significantly once uncertainties over an elected government and changing policies diminishes…..”
Since the Economic Crisis in the late 90’s, investors have realized the importance of quantitative research of the real estate market.  We think  Raimon Land’s,  “Condominium Focus”, published semi- annually is an invaluable tool to help you monitor the Condominium sector [...]

Slowdown? What slowdown? Asia property market continues to perform

There’s a lot of talk of slowdown in the Thai property market, and the political uncertainties have certainly had their effect.  But Clayton Wade, managing director of Premier International, a Thailand-based residential and commercial property consulting group, in a recent interview with The Bangkok Post, has a different take.  With the recent downturn in economic [...]

Case casts spotlight on Thai investment law

The FT (October 5 2007 ) reports the Thai authorities’ decision to pursue a businessman accused of acting as a nominee in the purchase of Thaksin Shinawatra’s Shin Corp in 2006 has revived questions about pending changes in foreign ownership rules.
A Bangkok court last week approved an arrest warrant for Surin Upatkoon, whom police accuse [...]

What’s your expectation for the Thai property market?

Depends where you come from, I guess. 
Consider this: the price of Somkid Gardens, which during the 1997 financial shake-up was around 100,000 baht a square metre, would, if there is a unit for sale today, be at least 140,000 to 170,000 baht a square metre.  ‘Only’ around a 40- 70% uplift. 
Most people would probably expect [...]