News

Golden Emperor and Sansiri, the leading property developer in Thailand, hosted a Dinner Cruise in Hong Kong for our esteemed clients and members. Over 40 clients attended the event and enjoyed a dinner of Thai food and champagne.

Above: Guests getting on board the private boat for the dinner cruise event

Above: Clients enjoying a welcome champagne before dinner commenced

Above: A thai buffet dinner was prepared for clients and members who attended

A joint venture between BTS & Sansiri has set aside at least Bt 70 billion to develop 25 condominium projects valued Bt 100 billion combined from this year through to the end of 2019, and The Nation highlight about it.

BTS lines up condominium development with Sansiri, and Bangkok Post highlight about it.

Bangkok’s On Nut has been identified as having a robust, growing property market where rental rates have jumped 13 percent in the last 12 months, and that’s on top of a 30 percent rise in resale prices over the same time period.

Bangkok’s Plus Property agency revealed the data, with the area’s close proximity to the capital’s central business district (CBD) zones and a plethora of highway connections leading to the rise in popularity.

Poomipak Julmanichoti, Managing Director of Plus Property Company, revealed On Nut – and the area around Sukhumvit 77 – is now in high demand.

He said the area is home to various longstanding communities, and as an offshoot of main Sukhumvit Road features a multitude of homes, shops, and restaurants. On Nut’s BTS station once marked the end of the Green Line prior to the extension to Bearing, making it a major point of connection for office workers and students seeking access to the city centre.

This, he said, led to the emergence of small-scale businesses in the area.

Above:Poomipak Julmanichoti, Managing Director of Plus Property Company, revealed On Nut – and the area around Sukhumvit 77 – is now in high demand.

Considerable population density, vicinity to the city centre, and convenient commuting combine to make On Nut an area of interest for many, and a burgeoning economic hotspot that lends support to denser zones in Sukhumvit.

During the past three to four years, On Nut has seen high growth in its condominium sector, backed by demand that is on par with the inner Sukhumvit zones, yet with lower prices than the latter’s THB 300,000 per sqm or more.

The inner Sukhumvit zones also face the problem of limited supply and land availability, while On Nut is still capable of supporting mid-range property development.

Above: On Nut is a key strategic area with many distinctive advantages.

Easy access to CBD areas makes On Nut of even more interest to those exploring the condominium market, especially potential buyers and tenants who work in the city centre, while rising lease rates are propelling interest among investors.

During 2014, rental rates rose by 13 percent to an average of THB 20,000 per month for one-bedroom units – well below rates found in nearby Thong Lor and Ekkamai. Resale prices, meanwhile, have risen by 30 percent between 2013 and the end of 2014 to THB 89,573 per sqm.

Poomipak saidL“Most leasing tenants are foreigners from China, Singapore, Japan, and numerous other countries. While they prefer to live in the Sukhumvit area, the zones closer to the city centre have grown dense and expensive, leading to On Nut’s rise.

“While most developers are still focusing on new projects along BTS extension lines, we believe On Nut is a key strategic area with many distinctive advantages.

Above:On Nut’s BTS station once marked the end of the Green Line prior to the extension to Bearing, making it a major point of connection for office workers and students seeking access to the city centre.

“The condominium market in On Nut still has plenty of room to grow, and the launch of new high-end shopping malls in Sukhumvit will push even more demand into On Nut, while community malls continue to rise in popularity.

“We expect On Nut to be a very lively area with rising demand for residential properties,” he concluded.

Source:Thailand-property

According to REINS, 3,114 second-hand apartments were sold across greater Tokyo in June, up 3.5% from the previous month and up 10.7% from last year. This is the 3rd month in a row to see a year-on-year increase in transactions.

The average apartment sale price was 29,140,000 Yen, up 0.9% from the previous month and up 6.2% from last year. The average price per square meter was 453,300 Yen, up 0.1% from the previous month and up 6.6% from last year. The average building age was 20.26 years.

1,579 apartments were sold in the Tokyo metropolitan area, up 8.6% from the previous month and up 14.3% from last year. The average sale price was 35,670,000 Yen, down 1.4% from the previous month but up 4.5% from last year. The average price per square meter was 596,500 Yen, down 2.7% from the previous month but up 5.9% from last year. The average building age was 19.44 years.

Sale prices in central Tokyo reach new record high

In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 172 apartments were sold, down 8.5% from the previous month and down 2.3% from last year. Transactions, however, are still about 52% higher than the average number seen for June between 2008 ~ 2012.

Past transactions in June:

• 2015: 172
• 2014: 176
• 2013: 174
• 2012: 122
• 2011: 99
• 2010: 101
• 2009: 129
• 2008: 118

The average sale price was 51,730,000 Yen, down 3.6% from the previous month but up 4.2% from last year. The average price per square meter was 1,013,100 Yen, up 1.3% from the previous month and up 16.5% from last year. This is the highest price seen since REINS started publishing data on central Tokyo in January 2008.

The average building age was 17.15 years, which is only slightly newer than the average of 17.45 years for June 2014, so the price increase is not entirely due to an increase in the sale of newer apartments. [Note: newer apartments generally sell at higher prices per square meter than older ones, and an increase in transactions of newer apartments can sometimes skew price data.]

Average apartment sizes, however, were down 10.6% from last year to 51.06 sqm (549 sq ft), which could suggest that buyers are starting to buy smaller apartments to keep within their budget.

New listings and inventory on the rise

After seeing inventory levels dwindle to record lows, we are finally starting to see a slight increase as sellers start to list new properties to meet the growing demand.

In central Tokyo, the number of new apartment listings in June was up 44% from last year. The average asking price was 1,105,900 Yen/sqm, and the average building age was 21.68 years. Remaining inventory was up 25.3% from last year, but indicates a remaining supply of 14.3 months.

For the first time in 29 months, remaining inventory in greater Tokyo increased from 12 months prior. In June, inventory increased by 1.7% from last year. This has been met with a corresponding increase in sales, which has meant that remaining supply has shrunk over the past 12 months from 12.03 months in June 2014, down to 11.05 months in June 2015.

Boost in transactions of high-priced apartments

In the 2nd quarter of 2015 (April ~ June), 88 apartments priced over 100 million Yen sold in the Tokyo metropolitan area, up 49.2% from the same period in 2014. 257 apartments priced between 70 ~ 100 million Yen sold over the same period, up 71.3% from 2014.

In the first half of 2015, 171 apartments priced over 100 million Yen sold, up 41.3% from the first half of 2014. 490 apartments priced between 70 ~ 100 million Yen sold over the same period, up 54.6% from last 2014.

SECOND-HAND HOMES

1,141 second-hand homes were sold across greater Tokyo in June, up 10.7% from the previous month and up 10.3% from last year. The average sale price was 30,380,000 Yen, up 2.4% from the previous month and up 4.4% from last year. The average house size was 106.60 sqm and the average land size was 153.31 sqm. The average building age was 20.71 years.

In the Tokyo metropolitan area, 331 homes were sold, up 8.5% from the previous month and up 24.9% from last year. The average sale price was 43,340,000 Yen, up 3.4% from the previous month and up 1.5% from last year. The average house size was 104.39 sqm and the average land size was 113.32 sqm. The average building age was 18.56 years.

In Tokyo’s popular residential areas of Shinagawa, Ota, Meguro and Setagaya, the average sale price was 67,140,000 Yen, down 1.9% from the previous month but up 2.4% from last year. The average house size was 109.20 sqm and the average land size was 93.82 sqm. The average building age was 15.18 years.

BRAND NEW HOME SALES

440 brand new homes were sold across greater Tokyo, up 6.8% from the previous month and up 4.5% from last year. The average sale price was 34,120,000 Yen, down 2.8% from the previous month and down 2.6% from last year. The average house size was 97.62 sqm and the average land size was 116.79 sqm.

113 new homes were sold in the Tokyo metropolitan area, up 27.0% from the previous month and up 11.9% from last year. The average sale price was 43,180,000 Yen, up 1.6% from the previous month and up 5.8% from last year. The average house size was 92.69 sqm and the average land size was 95.33 sqm.

LAND

550 blocks of land (between 100 ~ 200 sqm) were sold in greater Tokyo, up 0.2% from the previous month and up 20.1% from last year. The average sale price was 194,300 Yen/sqm, down 1.0% from the previous month and down 1.4% from last year.

159 blocks of land were sold in the Tokyo metropolitan area, up 0.6% from the previous month and up 3.9% from last year. The average sale price was 334,300 Yen/sqm, up 5.1% from the previous month and up 8.1% from last year.

Source: Japan Property Central