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Sansiri announces first move in Pattaya with ‘Baan Plai Haad’
Sanisiri’s first development
in Pattaya - Baan Plai Haad.
Renowned Bangkok based property developer Sansiri PLC has
expanded its presence in the provincial markets with the launch of a new
residential project in Pattaya, having previously enjoyed great success in
Hua Hin, Phuket, Khao Yai and Chiang Mai.
 Apichart
Chutrakul.
For the first time, the company has tapped into one of the major tourist
destinations in the eastern region by unveiling Baan Plai Haad Wong Amat
Condominium, a 6,400 sq. m. condo situated by the secluded Wong Amat beach.
The project is worth a total of 2.2 billion baht and the Sansiri sales
gallery is already available for a visit on Pattaya-Naklua Road. Prices
start from 3.59 million baht and Sansiri believes the high growth potential
in Pattaya will see a strong uptake in demand.
Apichart Chutrakul, Chief Executive Officer of Sansiri Public Company
Limited said 2012 had seen the developer achieve considerable success with
its “Here There Everywhere” campaign. Over the past year, the company saw
tremendous success with 14 property projects, worth a total of 9.7 billion
baht, each developed to meet customers’ demands in Hua Hin, Phuket, Khao
Yai, and Chiang Mai. The Baan Plaai Haad Wong Amat Condominium project is
the latest to be added to the impressive line-up and was officially launched
last month.
An artist’s impression shows
the completed project.
Apichart commented: “Nowadays, the wide variety of tourists in Pattaya
includes high-end visitors from other parts of Thailand, Singapore, Europe,
and Scandinavia, and mid-level travelers who give precedence to condo
prices, like those from Russia. The company is confident that Baan Plai Haad
Wong Amat, which is Sansiri’s first property in Pattaya, will be as
well-responded to by Thai and foreign customers as our previous projects
have been in Hua Hin, Khao Yai and other locations.”
The design concept by a team of professional architects from The Steven
Leach Group is inspired by the pattern of the area available in the project,
with access to a private beach and the profile of the building is aligned to
provide a sea view from most of the units. An outside wooden terrace can
also be used as a sightseeing spot for all prospective residents to fully
appreciate the natural green areas of the project.
The show suite is now open to
the public at Wongamat beach.
The fitness center facility will have transparent window to provide a truly
magnificent view for those working out and to kick the level of recreation
up a notch, a rooftop party deck will also be available for those who like
to party it up with a full 360-degree outlook. The infinity Sky Pool will
also enhance the natural feel of the development.
“Baan Plai Haad Wong Amat will fulfill customers’ ultimate holiday or
residential requirements. The upbeat lifestyle of Pattaya city is just
minutes away and yet this prime location allows residents of the project to
bask in the stunning panoramic seascapes and relax in an oasis of
tranquility,” said Uthai Uthaisangsuk, the Senior Executive Vice President -
Business Development and Project Development Division (High Rise), Sansiri
PLC.
Baan Plai Haad Wong Amat comprises one 31-storey building with 353 units
available in different types ranging from one to three bedrooms, and one
seven-storey building featuring 40-154 sq. m. rooms.
Residents will enjoy a wide range of amenities at the condo, including
exclusive services from Plus Concierge and privileges provided under Sansiri
umbrella.
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Matrix Developments collects OPP Award
Miki Haim (left), Managing
Director of Matrix Developments, collects the OPP award at a gala ceremony
in London.
More than three hundred representatives from companies
operating around the globe gathered at the ‘The Brewery’ in London on
Wednesday, 10th October for a gala evening and awards presentation. The
event was held under the auspices of OPP (Overseas Property Professionals)
and was to celebrate and reward the best in the overseas property world over
the past year.
The OPP awards are judged by industry leaders from around the world and
celebrate the best developers, estate agents and associated companies
working in the global cross border residential property industry. The fifty
strong panel of judges from around the world are the most qualified people
from various industries.
The panel of independent judges this year awarded Pattaya based real-estate
company Matrix Developments the bronze award for the “Best Developer –
Asia”.
A delighted Miki Haim, Managing Director of Matrix Developments commented
later: “This award is the result of our strategic development and marketing
plans combined with our proven track records which are the mantra of our
business practices. Customers and investors are assured the peace of mind
when investing with Matrix Development. Our strong engineering and
purchasing strategy allow us to efficiently develop our projects to higher
standards whilst maintaining the affordable factor of investments and high
returns for our customers and investors.”
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Diverse winners list at 2012 Thailand Property Awards
A relative ‘who’s who’ of the
kingdom’s real-estate industry gathered at the Dusit Thani in Bangkok last
month for the 2012 Thailand Property Awards.
If there could be one watchword for the 7th Thailand
Property Awards it would possibly be diversity, with most of those on the
nomination shortlist able to leave happy after having picked up at least one
award in recognition from their industry peers.
Nearly 500 guests from all around Thailand were in attendance to
congratulate the winners and highly commended companies in 36 award
categories at the awards ceremony held at the Dusit Thani Hotel, Bangkok on
the evening of Saturday, Oct. 13.
Winners pose on stage with
their awards at the Dusit Thani Hotel, Bangkok.
Included in the winners categories were awards for best developer,
development, real estate service, architecture and interior design, plus a
publisher’s choice award, the ‘Property Report Real Estate Personality of
the Year’ award that went to Tipaporn Chearavanont of Magnolia Quality
Development Corporation.
Property management company CB
Richard Ellis won in 2 categories and were highly commended in 4 others.
The VIP guest of the event was Korn Chatikavanij, deputy
leader of the Democrat Party, who in his witty but thought-provoking keynote
speech assured the stability and global economic viability supporting the
real estate industry. “As developers, you should be comfortable in the
knowledge that the two main political parties are aligned in their policies
regarding the property sector. The property sector is important for the
economy as well as for the dreams of the Thai public to own properties,” he
said.
David Simister (CBRE
Thailand), Kobi Elbaz (Tulip Group), Rony Fineman (Nova Group) and Suphin
Mechuchep (Jones Lang Lasalle Thailand) pose with their awards.
With a change to the format from previous years and with more awards up for
grabs, the Eastern Seaboard saw deserved recognition this time with a best
development award going to The Cliff condominium in south Pattaya, which was
collected jointly by the co-developers and project partners, Rony Fineman of
the Nova Group and Kobi Elbaz of the Tulip Group.
After picking up the award Kobi outlined the hopes for his company’s latest
projects in Pattaya. “I’m now looking forward to the awards in 2013,” said
the Tulip CEO. “None of our (Tulip’s) amazing projects qualified for this
year’s awards, but next year I hope the voters recognize how special our
projects are, and you never know I may be standing on stage with my team
again holding some more of these prestigious awards.”
Mark Bowling (left) receives
the Best Residential Agent (Eastern Seaboard) award on behalf of Colliers
International.
Also garnering success for the region at this year’s ceremony was the Hilton
Pattaya which topped the judges’ list in the ‘Best Hotel Architectural
Design’ category. Peta Ruiter, director of business development, Hilton
Pattaya said afterwards: “This highly coveted design award bears testament
that Hilton Pattaya will stand out as a distinctive, best in design &
architecture and luxurious hotel that will excel in the keenly competitive
hospitality industry in Thailand and Asia Pacific region.”
Tipaporn Chearavanont, CEO of
Magnolia Quality Development Corporation (left) was named as this year’s
‘Real Estate Personality of the Year.’
Other local winners at this year’s awards ceremony included Siam Royal View
Marina (Best Villa Development - Eastern Seaboard), South Beach by Beach
Properties (Best Boutique Condo Development - Eastern Seaboard), and
Colliers International, who picked up the Best Residential Agent (Eastern
Seaboard) award along with the same award for Hua Hin region and the overall
Best Property Consultancy award.
Tony Malhotra, Deputy
Managing Director of Pattaya Mail Media (left) greets VIP guest speaker Korn
Chatikavanij, deputy leader of the Democrat Party.
Commenting on his company’s success this year, Simon Landy, the Colliers’
Executive Chairman, remarked, “Each year we have picked up more awards, but
this year truly marks our coming of age. We are very proud of our continued
success at the Thailand Property Awards. To win these awards is an
outstanding achievement for us, proving that we have emerged as a major
player in the Thai property market with a solid reputation for our
professional services.”
Piaras Moriarty, Vice
President Client Management, Sales and Marketing at Raimon Land is all
smiles after picking up awards for The River condominium in Bangkok.
Luxury developer Raimon Land once again featured in the winners’ circle and
the company was deservedly awarded the Best Luxury Condo Development
(Bangkok) title and overall Best Condo Development Thailand for their long
awaited flagship project The River. In a touch of irony not lost on the man
himself, ex-Raimon Land chief Nigel Cornick, CEO of Awards sponsors Kingdom
Property, was next up on stage to present an award to the developers of The
Cliff. No doubt Nigel will have designs on featuring next year as a
contender with his own company’s Southpoint Pattaya project.
Jones Lang LaSalle Hotels
received awards for Thailand’s Best Best Commercial Agent & Best Agency
Deal.
The biggest winner on the night was undoubtedly Kalara Developments, who
picked up no less than 9 awards for their prestigious projects throughout
the kingdom.
Wrapping up the show was Terry Blackburn, CEO of Ensign Media, the
organisers of the awards who said, “Over 1,400 nominations where received
(this year) and the evening was a huge success and it was good to see so
many major players in Thai real estate in attendance. I was particularly
pleased to see two of the most successful woman in Thai property - Wallapa
Traisorat and Tipaporn Chearavanont - receive awards in what is
traditionally a male dominated industry.”
Kalara Developments won 9
awards on the evening.
Commenting on the overall winners in the ‘Best Villa
Development Thailand’ and ‘Best Condo Development Thailand’ categories
respectively, Mr. Blackburn added: “The Banyan Tree’s win is a very positive
sign of how big brands can get it right in the Phuket market and the success
of The River shows that very ambitious projects that take a long time to
complete are well worth persevering with. The River is clearly up there with
the best in Asia and thoroughly deserves its two big wins here tonight.”
For more information on the Thailand Property Awards, go to www.Thailand
PropertyAwards.com.
Nigel Cornick (right), CEO of
Kingdom Property, presents the ‘Best Condo Eastern Seaboard’ award to Rony
Fineman (center) and Kobi Elbaz (left).
Tony Malhotra (left) presents
the ‘Best Hotel Architectural Design’ award to Peta Ruiter of the Hilton
Pattaya.
| Winners of the Thailand Property Awards 2012
Best Developer
Charn Issara Development PLC
Best Boutique Developer
Kalara Developments
Best Commercial Development Thailand
Asiatique The Riverfront
Best Housing Development (Bangkok)
Perfect Masterpiece Rattanatibett
Best Luxury Condo Development (Bangkok)
The River
Best Affordable Condo Development (Bangkok)
Hyde Sukhumvit
Best Affordable Condo Development (Resort)
CODE Samui
Best Boutique Condo Development (Eastern Seaboard)
South Beach, Beach Properties Thailand Co., Ltd.
Best Boutique Condo Development (Phuket)
Bluepoint Condos
Best Villa Development (Phuket)
Banyan Tree Residences
Best Villa Development (Eastern Seaboard)
Siam Royal View Marina
Best Residential Development (Samui)
CODE Samui
Best Residential Development (Hua Hin)
The Orchid Palm Residence
Best Residential Development (Chiang Mai)
Jirung Residences
Best Condo Development (Phuket)
The Nchantra @ Sirey Beach
Best Condo Development (Eastern Seaboard)
The Cliff Residence Pattaya
Best Shared Ownership Development
Anantara Vacation Club Phuket Mai Khao
Best Residential Agent (Bangkok)
CB Richard Ellis (Thailand) Co., Ltd.
Best Residential Agent (Phuket)
CB Richard Ellis (Thailand) Co., Ltd.
Best Residential Agent (Eastern Seaboard)
C.I.T. Property Consultants Co., Ltd.
(Colliers International Thailand)
Best Residential Agent (Hua Hin)
C.I.T. Property Consultants Co., Ltd.
(Colliers International Thailand)
Best Residential Agent (Samui)
Kalara Real Estate
Best Independent Agent
Kalara Real Estate
Best Commercial Agent
Jones Lang LaSalle Hotels
Best Property Management Company
Jones Lang LaSalle
Best Property Consultancy
C.I.T. Property Consultants Co., Ltd.
(Colliers International Thailand)
Best Overseas Property Agent
Savills (Thailand) Ltd.
Best Agency Deal
Jones Lang LaSalle Hotels for the sale of Mövenpick Resort and
Spa Karon Beach Phuket
Best Residential Architectural Design
Brennan Beer Gorman Architects (BBG), New York for The
Residences at The St.Regis Bangkok
Best Commercial Architectural Design
Contour Company Limited for Rain Hill
Best Landscape Architectural Design
Bunnag Architects Int’l Consultants Co., Ltd. for Residences at
Four Seasons Resort, Chiangmai
Best Hotel Architectural Design
Department of Architecture Co., Ltd. for Hilton Pattaya
Best Residential Interior Design
Kalara Developments for CODE
Best Villa Development Thailand
Banyan Tree Residences Phuket
Best Condo Development Thailand
The River
Property Report Real Estate Personality of the Year
Tipaporn Chearavanont, chief executive officer, Magnolia Quality
Development Corporation |
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Portofino Condominium offers new ‘marina lifestyle’ designs
Hoping to jumpstart sales at its Portofino Condominium in
Na Jomtien, Ocean Property Co. is offering new unit designs and services to
offer boaters a “marina lifestyle.”
The 37-floor Ocean Portofino
Condominium.
Acting Managing Director Supatra Angkhawinijwong hosted the Sept. 28
relaunch where sales executives showed off new model condos and detailed
services, which include privileges at the nearby Ocean Marina.
“This event was organized to boost Ocean Portofino by advertising tourism
activities for boaters, such as admiring nature on various islands including
the monkeys on Koh Ped, and enjoying the sunsets on Jomtien Beach,” Supatra
said. “These are the attractions for the new generation lifestyles that can
be found at Ocean Portofino Jomtien Pattaya.”
Although completed in 2008, the 268-unit Ocean Portofino still remains 30
percent unsold. Developers are hoping by offering new room layouts and extra
services, they can finally sell out their property.
Luxurious accommodation in one
of the Type A units.
Acting Sales Director Benyapha Pherpul said the new
“Marina Lifestyle” condos offer nautical-themed flourishes, pastel-colored
wallpaper, brightly colored cushions and either hanging ornamental or
hardwood lamps with unique shapes. All condos enjoy panoramic views.
In addition, buyers gain access to facilities at Ocean Marina and the
adjacent San Marino Condominium, including meeting rooms, library, sports
complex and restaurants.
The 37-story building spread over 2.5 rai offers units beginning at around
7.5 million baht. For more information, call 02-661-6800 ext. 420 or see its
website at OceanProperty.co.th.
(By Phasakorn Channgam)
Ample parking space right on
your doorstep.
Ocean Marina offers a host of
activities to whet any sailor’s appetite.
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Navy House Group launches
Winner Condominium
(Left-right) Rear-Admiral
Thanakan Khraokhruan, deputy commander of Sattahip Navy base; Amata
Khraokhruan, vice MD of Navy House Co. ltd; Punyachrin Khrakhruan, MD of
Navy House; Suphatporn Nampiti, vice MD of Navy House; and Ponchakorn
Chuangern, deputy mayor of Sattahip Municipality pose for a group photo at
the official announcement of the Winner Condominium.
Sattahip’s Navy House Group plans to launch its first
condominium project in Pattaya, offering luxury units near Pattaya Park.
Deputy Managing Director Amata Khraokhruan introduced the Winner Condominium
development Sept. 29 to reporters, real estate agents and former Navy House
customers from Sattahip.
Winner Condominium is offering 107 units between 35.5 and 62.5 sq. meters
starting at 1.5 million baht. The building will be located three minutes
from the beach and near other tourist attractions.
Amata said Navy House has a good reputation among the Sattahip residents
that have purchased its houses in the past. This is the company’s first
condo development, he said.
“With more than 20 years of experiences in villages in Sattahip, the company
has gained confidence from Sattahip customers and can guarantee the quality
of the condominium,” he said.
For more information, call 038-251-335 or visit the sales office on
Pratamnak Soi 6.
(By Warunya Thongrod)
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Hua Hin still an attractive
second home option for Thais
The seaside town of Hua Hin remains an active condominium
market for Thais who purchase second homes according to researchers at
property management company Knight Frank.
Activities in Hua Hin and Cha-am are as bustling as ever, with several new
condominium projects launched by leading development firms. Most buyers and
guests come from Bangkok with only 25% come from overseas, including
expatriates working in Bangkok, says Surasak Limpa-arayakul, the Director of
the Research and Valuation Department of Knight Frank Chartered (Thailand)
Co., Ltd.
The total condominium supply in Hua Hin as of the first half of 2012 was
17,349 units. This figure accounts for the units that have accumulated from
2003 to H1 2012. During the first half of 2011, there were 3,956 new
condominium units added to the Hua Hin and Cha-am supply.
“Over 75% of the Hua Hin condominium buyers are Thai, especially those from
affluent Bangkok-based families. There are also some expatriates and foreign
retirees who bought beach condominiums. The reliability and reputation of
the developer tends to be the most important factor for expatriates, while
an affordable price seems to be vital for foreign retirees,” said Surasak.
He further explained that foreign buyers, unlike those in other tourist
destinations such as Phuket or Samui, are mostly retirees or those with Thai
spouses. They have a limited budget and prefer to buy a residence for their
own use as a second home during their country’s winter season.
“As foreign ownership regulations in Thailand have become more stringent,
foreigners who are looking for a residence are paying more attention to
condominium units that they can buy on a freehold basis (up to 49% of the
total ownership). Thus, they are likely to search for an inland condominium
unit that has a lower price than a beachfront unit,” says Surasak.
The historical unit take-up during the peak year for Hua Hin condominiums
has been about 1,000 to 1,200 units per annum, however, during the first
half of this year, there were about 1,655 units sold. Unfortunately, with
the influx of new supply, the growth in demand cannot keep up, causing the
take-up rate to drop from 45% in 2011 to 44% during the first half of 2012.
Previously, condominiums in Hua Hin could be sold easily, especially those
in beachfront projects and/or projects that have sea views from the units.
Recently, the inland condominium in Hua Hin has garnered interest, with
compact sizes and affordable unit prices.
The cumulative average growth rate (CAGR) of beachfront condominium units in
south Hua Hin was at 4.2% between 2010 to H1 2012, with an average selling
price of THB 138,010 per square meter. For those with limited budgets, they
can select sea view condominiums in Cha-am with an average selling price of
THB 92,404 per square meter; however, the price will be cheaper for units
located farther from the beach.
(Source Knight Frank Thailand)
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Is your TV more important
than your home?
A few days ago I went to a condo owners meeting in
Phuket. I don’t know about you, but I’m not a lover of meetings. Often
people use them as an excuse to avoid making decisions - except deciding to
have another meeting, of course. But I promised a client I would go on his
behalf. So off I went.
The meeting had been called to discuss much needed improvements to the
common areas. And there was going to be a vote on increasing common area
maintenance fees (CAM) from 45 Baht to 65 Baht per m2 - a 45 per cent
increase. I thought this would be fiercely debated – but I couldn’t have
been more wrong!
The meeting was scheduled for 10 a.m. By that time only one other person had
showed up. I asked the person in charge who else was coming. She said the
developers were representing several owners and they’d be there soon.
Another person turned up at 10.30 and helped himself to coffee and biscuits.
By now, I was starting to get fed up. There were big financial decisions to
make which would directly affect the investments of 52 condominium owners.
Were they really not bothered?
Finally, at 10.45, another 6 people sauntered in and the meeting began. As
usual, the first thing on the agenda was to appoint a chairperson. You won’t
be surprised to hear that nobody wanted to do it. So I volunteered just to
get things moving. I was so sick of waiting.
The first topic was the increase in CAM fees: The condo was almost out of
money. And if the owners didn’t agree to pay more there would be no money
for anything. I expected uproar. But there was silence.
Not one person asked; why is the condo nearly bust? What happened to the
money? Or, who is responsible for this? To be honest, I was shocked. I asked
if people understood what was being discussed. There was some muttering.
“It is your money not the developer’s” I said, with little response. So I
cast my vote and things moved swiftly on - without a single question from
anyone.
In fact, they didn’t seem interested at all. Some were sending text messages
or maybe playing games on their phones. Others got up to help themselves to
more biscuits. But when we got onto the subject of satellite TV people
became animated...
Their current provider charges 2,500 Baht a month. The condo manager wanted
to change to a new supplier charging 7,000 Baht a month.
What channels would be included? Would the signal strength be better? Can we
get Premier League Football? Does everyone have to get the same package?
This was serious stuff.
The subject was hotly debated for over 10 minutes. Eventually the juristic
person was told to find out more information.
As the meeting continued it became clear there were real problems with the
way the condominium was being managed. 900,000 Baht (US$30,000) was missing
from the sinking fund. It had mysteriously vanished and was unaccounted for.
The juristic person said they would have to use what was left to pay for
essential things like cleaning equipment, a repair to the water tank and
some additional lighting.
I pointed out that there wasn’t actually any money left to pay for anything.
The sinking fund had been pretty much wiped out. So, if the CAM fees were
not increased there would be no money to run the condo.
One guy, who I think had been asleep, finally woke up and said: “I think we
better find out how much all these things are going to cost before we agree
to spend any money on anything. We should find out exactly what’s left and
have another meeting!” he declared.
And that was it. The meeting was over.
What had we achieved?
We had decided to have another meeting!
(by Rebecca Smith - real estate journalist and sales director for Phuket
Ocean Villas and Ocean Villas Group).
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Global retail real-estate market expected
to hit US$180bn p.a. by 2020
Chunxi Road shopping district
in Chengdu, China.
In the last decade, more than US$1 trillion of retail
real estate has been traded around the world, according to a report recently
released by Jones Lang LaSalle, the financial and professional services firm
specializing in property & real estate.
The report confirms that global direct investment has averaged more than
US$100bn per year since 2004 and in 2011 annual volumes hit US$122.5bn. In
2011 cross-border activity accounted for nearly half of all retail
investment whilst levels accounted for only one-quarter of all trade in
2004. Cross-border activity will continue to track at around half of all
retail investment, boosting annual investment volumes to US$160-180bn by
2020, representing a 30-50 percent increase on 2011 levels.
Arthur de Haast, Head of International Capital Group, Jones Lang LaSalle
said: “The number of investable geographies has expanded globally as growth
markets like China, Brazil and Turkey are attracting global investors.
Together with an improvement in the quality and availability of retail
assets, rising liquidity levels and further progress in real estate
transparency, the retail investment sales sector is set for further rapid
globalisation.”
Michael Niemira, Vice President of Research and Chief Economist at the
International Council of Shopping Centers (ICSC) added: “Many of these
growing retail real estate investment opportunities - identified by the
Jones Lang LaSalle report - also are being supported by an increasing number
of countries adopting real estate investment trust (REIT) investment
vehicles.
“The REIT, which provides transparency and ease of investment, has grown
dramatically over the last 40 years with 27 countries already offering such
financial regimes and currently another seven - China, India, Indonesia,
Nigeria, Kenya, Vietnam and South Africa - considering future adoption. The
ease of access to cross-border and domestic capital and strong consumer
fundamentals should provide a solid platform for the growing global retail
real estate markets over the next decade.”
There will be a general rebalancing in capital flows towards the Asia
Pacific region, due to favourable demographics and the growth of the middle
class, says the report. By 2020, Asia Pacific is forecasted to account for
26 percent of global retail investment volumes, up from 22 percent currently
and from only 11percent in the mid-2000s. The report projects that the
Americas will hold onto around 33 percent of volumes between now and 2020,
whilst Europe, the Middle East, and Africa will take around 41 percent
combined (compared to 45 percent currently).
In light of this trend, institutional capital is seeking greater retail
exposure as it taps into favourable global demographics and growing
‘consumer classes’, and is attracted by the sector’s defensive qualities
during times of uncertainty, adds the report. This is witnessed in the
growing contribution of retail to total commercial real estate investment,
from 19 percent in 2007 to nearly 30 percent in 2011.
Retail’s overall contribution to total real estate investment is set to
remain at close to 30 percent over the remainder of the decade, as
institutions and private investors seek to tap into the growth potential of
expanding consumer markets.
The report also introduces the Retail Real Estate Momentum Index, which
lists the top 20 countries with the strongest momentum in retail real
estate. China and India sit at the top of the list, though South East Asia
and Latin American nations also feature well.
Commenting on the Index, David Hand, Head of Investment for China, Jones
Lang LaSalle said: “There is no doubt that China offers an enticing and
exciting proposition to investors globally. Not only is it set to become the
world’s largest consumer market, but China is projected to be a US$15bn a
year retail real estate investment market by 2020. The investment landscape
will become more globalised, fuelled by a burgeoning middle class, rapid
urbanisation, strong consumption growth and significant expansion of quality
retail infrastructure. It is definitely the one to watch this decade.”
NB: For access to the full report, go to www.joneslanglasalle .co.th.
Siam Paragon, Bangkok.
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Exquisite Fijian tropical islands for sale
Nananu-i-cake – yours for
US$10 million.
Ever wanted to own your own exotic island?
Nananu-i-cake (Nananu-e-thake), a freehold island with a smaller satellite
isle, has just been released to the market for US$10million. Ready for
immediate occupation, the island is approximately 1km off the northern coast
of Viti Levu Fiji, and a leisurely 2.5 hour drive from Nadi International
Airport or under 3 hours from the Capital, Suva.
For sale exclusively through global property agency, Knight Frank, the
islands have an estimated area of approximately 600 acres, subject to
survey, and comprise a four bedroom architecturally designed house along
with an additional two Fiji guest “Bures” bedroom suites, that sits on top
of one of the highest points on the main island, with magnificent 360 degree
views over the South Pacific Ocean.
The main residential complex was designed by Murray Cockburn, a well-known
and respected Fiji/NZ Architect of high repute.
Facilities include a library, swimming pool, stables, horses and sheep
paddocks inclusive of stock, boats, jeeps, generators, satellite and
telecommunication facilities, a fresh water supply and 300,000 gallons of
water storage and a jetty. The property is well established with access
tracks and roads to its five beaches.
Rick Kermode from Knight Frank, Auckland, said the extensive landscaped
gardens have been developed over a generation, whilst most of the island
still maintains the natural tropical vegetation, including groves of mango
trees lining some of the trails, and pine forests for potential harvest.
“There are also well defined road trails for vehicles and horse trekking and
ample paddocks for horses and sheep.
The islands also boast an interesting history remaining in the same family
since 1974, when Sir Harold Mitchell visited from the UK and purchased the
two adjacent freehold Islands as an idyllic retreat. Sir Harold held the
position of Vice-Chairman of the Party under Sir Winston Churchill during
the war, and his social and political standing led to a number of high
profile dignitaries visiting and staying on the island at various times, for
which commemorative trees were planted.
Sir Harold also enjoyed his gardens and the landscaping he created around
the main house on Nananu-I-Cake exists largely unchanged to this day.
Viewing is by appointment only through www.knightfrank.com.
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CBRE secures prime space for first Korean Cultural Centre in Thailand
The first Korean Cultural
Centre in Thailand.
CBRE Thailand was appointed by the Embassy of the
Republic of Korea in Thailand as the consultant for the establishment of the
first Korean Cultural Centre and Korean Studies Centre in Thailand. CBRE’s
Retail Services team successfully secured approximately 1,400sqm of space at
a 3-storey standalone retail building in Bangkok, on Sukhumvit Soi 15 and
facing the main Sukhumvit Road, for the establishment of the new centres.
The Korean Cultural Centre and Korean Studies Centre aim to strengthen the
relationship between Thailand and South Korea by exchanging cultures and
sharing knowledge. The centres will hold a variety of activities and events
including Korean cooking, language and dancing classes, as well as press
conferences on K-Pop concerts and other entertainment-related events in
Thailand. The building is scheduled to open to the public in early 2013..
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