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Golden Emperor and Sansiri, Thailand’s leading property developer, hosted a Bangkok Property Trip to introduce a selection of prime Bangkok residential projects to investors.  Over 30 investors from Hong Kong attended the Bangkok property trip and visited 4 projects in various parts of the bustling metropolis and enjoying a weekend at the Sansiri Winter Market Festival.

Above: Our guests visited 4 projects in Bangkok, include THE LINE Phahol-Pradipat. (pictured above)

Above: Guests visited Sansiri’s projects and sales office.

Above: Terence Chan, Director of Golden Emperor, provided a presentation on the Bangkok property market.

Above: Our client enjoy a weekend at the Sansiri Winter Market Festival.

Above: Sansiri invited Hong Kong’s famous blogger to the Winter Market Festival.

Enter a new era 2017 with an international seminar “Opportunity Thailand”, organized by the Thailand Board of Investment (BOI) to show Thailand’s potential and readiness to become “Thailand 4.0″.

Prime Minister Gen. Prayut Chan-o-cha will join the opening ceremony and deliver a keynote speech on the topic “Thailand 4.0 Means Opportunity Thailand”.

Dr. Somkid Jatusripitak, Deputy Prime Minister, Dr. Suvit Maesincee, Minister to the Prime Minister Office, Dr. Uttama Savanayana, Minister of Industry and Mrs. Hirunya Suchinai, Secretary General of the Thailand Board of Investment, will give insight into government measures to promote investment and revision to the Investment Promotion Act which will be among the key drivers propelling “Thailand 4.0″ forward.

Senior executives of world-renowned companies will also join the seminar to discuss in depth the creation of Thailand 4.0. Among the companies represented will be executives from the Airbus Group, Ajinomoto from Japan, and Huawei Technologies from China. Plus leading figures in the Thai private sector, including from Charoen Pokphand Group, Siam Cement Group and more.

“Opportunity Thailand” will also include breakout seminar sessions. These sessions will target the “New S-Curve Industries” including aerospace, automation, robotics and medical equipment.

Alongside the seminars, “Opportunity Thailand” also includes an exhibition showcasing Thailand’s potential and readiness to become the hub of trade and investment in ASEAN, the so-called the “Gateway to ASEAN”, and the world’s investment destination in targeted industries.The exhibition also showcases development plans for Thailand’s new investment areas and infrastructure, including the Eastern Economic Corridor development plans, and Infrastructure and logistics development plans for the next 10 years.

The seminars and exhibition are expected to attract over 2,500 Thai and foreign participants. Join us at “Opportunity Thailand: Key to Thailand 4.0″ Seminar and Exhibition on Wednesday, February 15, 2017 at the Royal Jubilee Hall, Impact Muang Thong Thani.

Source:Bangkok Post

Thailand and Myanmar have vowed to stimulate tourism and raise the number of visitors between the neighbouring nations to 1.5 million by 2020 as part of the “two countries, one destination” cooperative scheme.

The Tourism Authority of Thailand (TAT) signed a memorandum of understanding last Friday with the Myanmar Tourism Federation to promote tourism between the countries.

Deputy Prime Minister Somkid Jatusripitak said Myanmar boasts high potential for tourism because of its natural and cultural resources.

The TAT was ordered to study the possibility of launching joint marketing programmes with Myanmar and other countries such as Cambodia, Laos, and Vietnam, as well as the viability of code-sharing aviation routes, specifically for Phuket-Ranong-Myeik and Chiang Mai-Mandalay-Bagan.

In 2016, the number of travellers who visited both countries on the same trip totalled 490,000. Myanmar welcomed 2.9 million foreign tourists in 2016, a decrease by 38% from the previous year, reported Myanmar’s Ministry of Hotels and Tourism. In 2015, 4.68 million travellers visited Myanmar.

Of total visitors last year, over 1 million used Yangon’s international airport as the entry point.

Over 700,000 came from Thailand, the biggest source, followed by China, Japan and South Korea.

By nationality, Thai visitors topped the list at 207,000. Myanmar also welcomed 126,500 Chinese, 95,400 Japanese and 63,000 Koreans.

Mr Somkid said Myanmar authorities have asked Thailand to help provide an intensive training programme on Thai language for local guides and tourism management courses for Myanmar’s local tourism operators, citing Thailand’s success in drawing 32 million foreign tourists in 2016.

He also suggested Myanmar authorities develop more community products to generate tourism income for locals. In addition, they should establish official tourism websites to provide information on tourism websites to provide information on tourism, said Mr Somkid.

He said Myanmar should focus on quality visitors and learn from Thai experiences, noting excessive visitors with a lack of proper management will lead to deterioration of tourism sites.

Source: Bangkok Post

SET-listed developer Sansiri Plc is back to building condominiums in provincial areas this year, buoyed by recovering demand, after having frozen developments during 2014-2016.

Senior executive vice-president Uthai Uthaisangsuk said the company plans to develop two condo projects upcountry this year — one in Chiang Mai and another one in an undisclosed province — with combined investment value of 2.6 billion baht.

Two new provincial projects will be in the low-end segment with prices between 1-3 million baht a unit.

Sansiri now runs two low-end brands: The Base and dcondo.

“Provincial market sentiment is improving, and we see it’s an opportune time to make new condominium supply for the provincial market,” he said.

Sansiri currently has total inventory worth a combined 3-4 billion baht in the provincial market. About 90% are condo units which have been complete since 2015.

Sansiri was very aggressive in the provincial property market during 2012-2013, but myriad negative factors such as political turmoil and a cloudy economy led it to temporarily hit the breaks.

Meanwhile, Mr Uthai said Sansiri’s core segment remains middle- to high-end condominiums, priced above 3 million baht and 10 million baht, respectively.

Sansiri last month said it would launch 19 projects worth a combined 41.2 billion baht this year, aiming to secure 16% growth in presales to 36 billion.

Of the 19 new projects, eight will be condominiums worth 21.9 billion baht, accounting for 53% of total sales value. Nine more accounting for 45% will be single house projects worth 18.5 billion baht. Two town house sites worth 800 million baht will account for 2%.

Among the new condo projects, four worth a combined 12 billion baht will be developed via a joint venture with BTS Group Holdings Plc. During 2015-16, they launched a total of eight projects worth a combined 30 billion baht, of which 70% was sold.

Sansiri and BTS have secured 12 undeveloped land plots to launch the new projects over the next several years.

“We are also now seeking five more land plots to develop residential projects near current and future mass transit lines with a total of 25 sites worth a combined 100 billion baht throughout 2019,” he said.

Source: Bangkok Post

Thailand’s economy is expected to grow 3.6 percent this year, up from the 3.4 percent previously projected, thanks to higher public spending and improved exports, the finance ministry said on Monday.

Southeast Asia’s second-largest economy has struggled to grow and lagged regional peers since a 2014 army coup ended months of political unrest. Exports and domestic demand have been weak, putting pressure on the junta to lift domestic activity.

On Friday, the government approved an additional 190 billion baht ($5.4 billion) in spending this fiscal year, which ends in September. It will mainly be spent in rural areas.

Economic growth in 2016 is now estimated at 3.2 percent, compared with 3.3 percent predicted three months ago, Krisada Chinavicharana, a ministry official, told reporters.

He said the ministry now expects exports to increase 2.5 percent this year, rather than the 1.8 percent predicted three months ago.

Exports, a key driver of the economy, rose 0.45 percent in 2016, their first increase in four years.

The ministry is more optimistic than the central bank, which forecasts 2017 GDP growth of 3.2 percent and flat exports.

Official 2016 gross domestic product (GDP) data is due Feb. 20. In 2015, the economy expanded 2.8 percent.

The ministry forecasts the central bank’s policy rate to remain unchanged at 1.50 percent throughout this year.

資料來源：Nikkei Asian Review