 |
 |
|
|
| Click any listing for full details...
|
|
 |
 |
 |
 |
 |
 |
 |
Company Background
The directors of Beach Properties began acquiring strategic land plots in key locations in Thailand in the late nineties. Over the past three years Beach Properties Co. Ltd Thailand has turned these pieces of undeveloped land in conjunction with its partners into some of the most prestigious developments in Thailand.
We have bought land, sold, designed and managed six resorts in just the last three years including: Palm Grove Resort, Ocean Lane Villas, Palm Oasis, Platinum Suites, Sea Sky View Condominium, Centre Point and their latest addition South Beach their Boutique Chic-South Beach Cool state of the art luxury condominium situated strategically on Pratamnak Hill giving both easy access to the vibrant night life of Pattaya and the very best beaches that the more laid back Jomtiem has to offer.
Going forward, Beach Properties intends to maintain the rapid pace of growth set in recent years. The company will continue to be pro-active in identifying new opportunities and negotiating land acquisitions for future developments. The focus will remain mid-to-high-end condominium, niche town house and villa projects in the resorts of Thailand. With these goals in mind Beach Properties Thailand has appointed an exclusive marketing partner in Singapore and Malaysia (Jardin Smith International) whose experience in international property markets will add a whole new dimension to our on-going sales and development.
Investing in Thailand
Introduction:
Some key findings of the research arm of one of Thailand's major developers provides the latest facts, figures and trends relating to Thailand, so investors are equipped with the knowledge they need to use in their decision making.
It is about the country and its future, containing opinions from property industry experts and investors who provide first-hand intelligence and insight that reveals existing, as well as the longer-term potential of the country.
Key Findings:
- Top tourism destination in South East Asia with 14 million+ air arrivals in 2007, and 30% growth YTD.
- Rapid economic expansion with strong fundamentals - GDP forecasts 5-5.5% in 2008 despite worldwide economic slow down.
- Booming condominium sector. The sector has grown to be the largest real estate segment in Thailand, with steady price growth in the Bangkok metropolitan area and exponential growth in resort destinations.
- Luxury segment emerged just a few years ago with very little existing supply and has created quite a high demand from local and international investors who see greater value for money compared to other countries in the region.
- Global investment interest with buyers comprises nationalities from around the world with thousands of enquiries a month coming in from around the world to purchase property in Thailand. This diversity of nationalities and locations to invest in puts Thailand in a position to experience long-term growth in the real estate sector.
- Solid yields and capital gains. Both Thais and foreigners can buy freehold condominiums in Thailand, and leverage their investment throughout the construction period with attractive payment structures. Rental yields have been averaging 6-10% per annum and buyers have enjoyed a significant capital increase across the board when investing in Thailand.
Inner-City Bangkok
Demand for new condominiums was in line with new supply as 63% of the 6,940 units launched in 2007 were sold by the end of 2007.
A total of 6,214 units were sold in 2007, worth THB 42.5 billion.
Transfers for complete developments reached THB 9.6 billion, with foreigners representing 20% of purchases.
5,100 units were completed in 2007 with an additional 6,500 to 7,000 units expected to be completed in 2008.
Major Resort Destinations
With the tourism industry growing at an average rate of 9.5% per annum, resort properties are now representing 30% of the THB 60 billion luxury condominium market in Thailand.
In 2007, 1,789 units were sold worth THB 17 billion. Solid interest was in resort areas close to Bangkok, including Pattaya and Hua Hin.
27% of units sold in 2007 were priced over THB 100,000 per square metre (psm), very few of the beachfront or seaview developments are now priced under THB 100,000 psm.
1,814 units or 23% of all developments launched since 2003 have already been completed and an additional 2,000 units are expected to be completed in 2008
Outlook
More branded real estate will be offered by developers.
Emergence of new groups of buyers to boost luxury real estate in Thailand.
New price records will be achieved in prime residential developments.
Construction costs will rise sharply and reduce margins of affordable condominium developers.
Why Invest in Pattaya?
With more than six million tourists a year and growing by another million visitors every two years, Pattaya is Thailand's premier tourism destination and one of the top resorts in Southeast Asia.
The profile of tourists has changed over the past few years. The number of keys in five-star hotels has increased significantly, pulling in higher spenders to the city. Better infrastructure, schools, hospitals, golf courses and exciting nightlife are attracting regular visitors from Bangkok over the weekends and public holidays.
The opening of Suvarnabhumi International Airport, located closer to Pattaya, has further played a key role to attract more businesses to the eastern seaboard. The Board of Investment is regularly approving new projects within and around the boundaries of Pattaya, consequently attracting more employees to the city.
Pattaya is no longer just a tourist area; it is now an authentic city with permanent residents and communities of foreign retirees, local business owners and workers from nearby industrial estates.
With rising standards in accommodation and resort developments, Pattaya is redefining itself to attract higher-spending tourists and this benefits all in the community.
Our experience in this city combined with extensive research of the Pattaya residential market indicates strong demand for centrally located quality units and limited supply. This is good news for investors.
|
|
|
| |
|
|
