Wednesday, June 29, 2011

Samui's Finest Condominium - Now Offering Finance

Infinity Samui, the official winner of the 'Best Condo Development' (Samui) is now completed and is offering payment terms on a few of the remaining units. There are currently 10 one & 2 bedroom units available ranging in size from 151 to 240sqm.

Price Range

19,630,000 To 33,600,000 THB

Three payment options

1. Cash out at contract signature

2. A 2 year payment plan without %, 35% deposit at contract, 15% 6months later, 25% 1year later and delta 25% 6 months later

3. A loan up to 5 or 10years with 30% deposit at signature and over 5 years 7% interest or over 10years 10% interest.

Desciption

InfinitySamui is an exclusive and sophisticated low-rise, low density luxury apartment project. Comprising of just 67 stunning properties of 1, 2, 3 and 4 up to 7 bedrooms, InfinitySamui gives a superior quality resort lifestyle and great investment opportunity for its residents. All the units have access to a swimming pool, while the designs are boldly modern, maximizing functionality and space, as well as optimizing sea views and the natural light.

The unique location along the hillside to the Maenam beach renders residents a peaceful island living and unbroken, panoramic ocean view, yet only 15 minutes from Samui International Airport, which is serviced by Bangkok Airways and Thai Airways, providing extensive local and international flight connections.

Conceived as an enclosed, private domain with round the clock surveillance to maintain the utmost privacy and security, Infinity Samui will be operated by InVision Hospitality as a 5 star boutique hotel under Infinity Lifestyle Destination & Spa, by our professional hospitality team. Full facilities and services are on board such as Beach Club, wellness spa, fitness, squash courts, room service, housekeeping etc. The Santiburi golf course is only a few steps away from the development

Highlights

-Samui Island is rated as one of Top Ten Best Islands in the world by Conde Nast Traveller UK 2009.
-InfinitySamui is an award-winning project, a new luxury apartment and enjoys exclusive hillside location and hotel standard operation.
-All its tastefully modern-designed 67 units take unobstructed panoramic ocean views and have access to either public or private pools.
-The 60-metre beachfront facilities will include a swimming pool, a bar and a restaurant, surrohttp://www.blogger.com/img/blank.gifunded by pavilions.
-The full 5-star resort facilities include gym, spa, clubhouse and Beach Club, featuring cutting-edge bar and restaurants.
-Superior technical specifications.
-Various international direct flights including from Hong Kong, Singapore and China.
-Only 15 minutes from Samui International Airport and downtown

Koh Samui Real Estate
Thailand Real Estate

Monday, June 27, 2011

Property Soaring in Bangkok's Sukhumvit

More than 10,000 apartment units in projects worth more than THB10 billion (US$324 million) in Bangkok real estate's prime area between Ploenchit and Sukhumvit soi 55 are driving up competition among property developers.

According to a survey by The Nation last week, both listed and non-listed firms have introduced more than 100 projects since last year and construction will be complete between the end of this year and 2013.

Condominiums along this route are in the price range of THB80,000 to 200,000 (US$2,591 to 6,478) per sqm with the more expensive projects located between the Ploenchit intersection and the top of Sukhumvit Road and prices ranging from THB80,000 to 150,000 (US$ 2,591 to 4,859) can be found between sois 10 and 55.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19 to 22, the company achieved presales worth THB7.2 billion (US$233.1 million), or half of the total project value of THB14 billion (US$453.3 million).

"Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long leasehold contracts," he said.

According to a survey by the Real Estate Information Centre, demand in this location is sufficient to absorb the high number of condominium launches as both local and foreign buyers have driven condominium prices 10 to 20% higher than their presale prices, depending on how close they are to the skytrain.

Article courtesy of Asia Property Report

Thailand Property

Phuket Property market On The Rise

The Phuket property market is recovering from the Global Financial Crisis but has yet to bounce back to the boom levels of 2007, a recent report from Colliers Thailand has found.

The report made not of the distinction between inland areas of Phuket, which contain the vast majority of units, and the coastal areas, which contain less properties but have higher capital values. 2010 was one of the rare years when more condominium units were supplied than landed properties, which usually dominate the market. Around 1,020 units were supplied for 2010 while up to 200 units were supplied up to May in 2011. Most of the units are located inland and at present and the Thai domestic market is the main driver.

The high end coastal market, which is dominated by foreigners, has yet to return to its peak before the financial crisis. "In many ways the glass at present can be perceived as half full or half empty depending on whether you are comparing with the period around 2006-7 or the situation in 2009," said Antony Picon, Associate Director of Research at Colliers. "High end buyers are coming from a wider range of countries, not just Europe, with Hong Kong, Russia and the Middle East becoming key markets now," he added.

Developers are reconsidering their marketing strategies to suit the changes in buyer profile. "One development called Kamala Falls is being marketed as a halal investment, including a women-only swimming pool, in order to appeal to Muslim buyers" said Picon.

In fact Kamala and the surrounding area on the North West coast is the up and coming location for high end development. Millionaire's Mile contains plenty of land available for future development of luxury properties. An interesting prospect will be Phuket's future as a marina for superyachts. Asia is fast becoming a cruising destination to rival The Caribbean and Mediterranean with less crowded waters in which to sail. "Wealthy Asians are now a strong buying force for superyachts and Phuket's status as a renowned yachting destination through its marinas and exotic outlying islands could be enhanced through further development and boost the high end property market still further," said Patima Jeerapaet, managing director of Colliers Thailand. In fact the whole area encompassing Phuket, Phang Nga and Krabi could evolve as the world's premier yachting destination in the future with Phuket as the main hub. "The Phuket brand stands for luxury," said Patima.

One other important factor in Phuket's favour is the growing number of international direct flights especially as result of the proliferation of Low Cost Carriers. Mr Picon believes this leads to greater numbers of tourists coming to Phuket which will eventually translate into property buyers. "The residential market in Phuket for foreigners has yet to return to the pre Lehman days but it is well positioned when buyers from the traditional markets in Europe and the United States return to compliment to growth of the emerging markets," he added.

Article courtesy of Asia Property Report

Thailand Property

Wednesday, June 22, 2011

Perfect Timing For Krabi Development

With Krabi enjoying improved infrastructure and lower competition than in Phuket, the Bangkok based property developer Perry Group International is investing 1.9 billion baht in a hotel, villa and condominium complex on 40 rai of this southern province after holding onto the plot for a decade.

The Pelican Krabi will feature 96 condos, 50 villas and 140 hotel rooms. Improved infrastructure and a low-key competitive atmosphere are putting this southern province in the spotlight.

Executive director Andrew Ngamsappasilp said now was the time to launch a project in Krabi. Road quality has surpassed Phuket's, and a new airport terminal and runway expansion will be completed this year, lifting the number of daily flights to 16 from 10 and supporting Boeing 747 jumbo jets.

A new modern hospital, Srinakarin International, with 200 beds, will be completed next year, accommodating Krabi tourists who must now travel to Phuket for Western standard medical care.

As well, the retail giants Big C and Tesco Lotus have entered the province in the past two years, highlighting the potential for growth.

Andrew: Better roads, more daily flights

"Krabi's property market remains less competitive with limited supply, while Phuket's is marked by high competition and price dumping," said the 28 year old, second generation family member. The Ngamsappasilp family has been active in the property business for more than two decades.

The Pelican Krabi, now being built on a seaview plot on Klong Muang Tab Kak beach at a total cost of 2.2 billion baht, will comprise 96 condominium units, 50 villas and a 140-room hotel.

Launched in March, the condos are 30% sold with a Thai-foreigner ratio of 3:2.

Units will range from 81 to 189 square metres priced from 70,000 baht per sq m. These will be completed by next year's second quarter.

A rental programme will be offered to condominium buyers.

Mr Andrew said that at estimated average occupancy of 50%, condo room rates of 4,800 to 6,200 baht a night would yield 8.9% a year.

With 25% of buyers expected to be Singaporean and 50% Scandinavian, an office has been opened in the city-state and a representative appointed in Malmo, Sweden.

The project is expected to be sold out by January.

Mr Andrew said the group will next year launch sales of the villas, priced from 13.5 million to 22 million baht for units on lots ranging in size from 60-120 square wah.

A rental programme will also be offered for these.

The hotel will be operational in three years, targeting the four star market, as there are already 10 five and six star hotels with more than 1,500 rooms at this location, said Mr Andrew.

Click here for a full list of Krabi real estate listings
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Saturday, June 18, 2011

New Koh Samui Listings

Here is the latest selection of properties just added onto the Koh Samui Property listings page.

Chaweng Residence - a spectaular sea view property over looking the whole of Chaweng. Boasting 1,000sqm of built up area spread over 3,500sqm of landscaped gardens. This property offers 4 bedrooms, 4 bathrooms and under cover parking for up to 4 cars.

Narai Kiri Villas - big villas on big plots!! There are 2 completed villas available within this project with either 7 or 8 bedrooms all with amazing ocen views. It is also possible to purchase a plot and design and build your own villa.

Napasai Residence - These beach front villas are designed and managed by the infamous Orient Express Group - enough said!!

Kalara Heights - Luxury sea view villas from the much respected local developer, Kalara.

Karma Samui - A small selection of resales are available from this luxurious villa resort development just a few minutes drive out of the main area of Chaweng.

Panu Apartments & Osho Apartments - 2 more developments from local developer, Kalara both sat right on the beach front of the beautiful Fishermans village at Bophut.

Aja Villas - Designed and developed by Koh Samui based architect 'M Systems'. A group of just 6 luxury ocean view villas with a communal relaxation area

Horizon Villas - Great location sea view and garden villas built to a high standard just a few minutes walk to one of Koh Samui's finest beaches at Choeng Mon.

Play@Samui - A new development of 285 one bedroom condominiums with ocean views in the Bophut area. Staring from just 780,000 THB

Beach Republic Residence - A selection of apartments and villas with full use of one of Samui's most popular Beach Clubs. Fractional ownership option available.

Click here for the full list of our Thailand property listings
Click here for the full list of our Koh Samui real estate listings