Prices of luxury condominiums in central Bangkok rose by 11.5 percent during 2011, according to the country’s Agency for Real Estate Affairs (AREA). A survey last month noted average prices now stand at THB 145,000 per sq m (S$5,804 per sq m) at developments in the Ploenchit, Chidlom, Pathunwan and Ratchathewi prime areas of the Thai capital, with some 1,953 units currently on the market. Sopon...
Bangkok Property
PACE Development on Wednesday announced its Singapore roadshow for Thailand's super luxury Ritz-Carlton Residences development. The Thai residential property developer, which focuses exclusively on prime-location projects, said that strong interest from Singapore investors led them to stage the roadshow for the Ritz-Carlton Residences, Bangkok. The Ritz-Carlton Residences, to be located in Bangkok's...
Mainboard listed engineering and real estate group TEE International said it has bought a plot of land in the Thai capital Bangkok for S$6.6 million. The parcel, which spans 6,312 square metres is located near Bangkok's Ramkhamhaeng University and shopping malls. TEE International said the area is popular for education and commerce and is well connected by transport infrastructure. It intends to develop...
Two Singapore-listed developers are offering a buyback scheme for a new condominium project in Bangkok. Under the deal, buyers who are not satisfied with their units at The Surawong can sell them back to the developers at 95 per cent of the purchase price. Developers Tee International and Hup Soon Global are launching the project in Singapore on Friday. The Surawong comprises 52 freehold units, ranging...