- HEADLINES [click on headline to view story]:
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CB Richard Ellis Thailand wins Asia Pacific property awards
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Raimon Land reports sales escalation at Northpoint Condominium
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REBA Eastern Seaboard announce an upcoming charity event
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Commercial property rental outlook is bleak according to global survey
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CB Richard Ellis Thailand wins Asia Pacific property awards
CB Richard Ellis (CBRE) Thailand won several awards at the
CNBC Asia Pacific Property Awards 2009, recently held at Marina Mandarin in
Singapore. This annual event is part of the International Property Awards, the
world’s most prestigious competition dedicated to finding the best real estate
professionals across the globe. The event was attended by CBRE Thailand’s key
personnel, including Aliwassa Pathnadabutr, Managing Director and Nithipat
Tongpun, Executive Director.
 Aliwassa
Pathnadabutr (left) and Nithipat Tongpun pose with the “Best Real Estate Agency
Thailand” and “Best Real Estate Agency Thailand Website” awards at the CNBC Asia
Pacific Property Awards 2009 ceremony in Singapore.
CBRE Thailand won 6 categories at the country level; 4 out of 6 categories were
five-star awards, including “Best Residential Real Estate Agency”, “Best
Commercial Real Estate Agency”, “Best Residential Real Estate Agency Website”,
and “Best Commercial Real Estate Agency Website” for www. cbre.co.th.
Additionally, they were also awarded the “Best Residential Real Estate Agency
Marketing”, and “Best Commercial Real Estate Agency Marketing” accolades.
As a five-star award winner for 4 categories at the country level, CBRE Thailand
was nominated at the regional level and subsequently won the “Best Commercial
Real Estate Agency Asia Pacific” and “Best Commercial Real Estate Agency Website
Asia Pacific” for www.cbre.co.th.
As an Asia Pacific award winner, CBRE Thailand will be competing at the
international level against other winning companies from Europe, the UK, the
Americas and Arabia in November 2009 to find the world’s Best Commercial Real
Estate Agency and Best Commercial Real Estate Agency Website.
“CB Richard Ellis Thailand is delighted to receive these eight prestigious
awards, especially the ‘Best Asia Pacific Commercial Real Estate Agency’ and
‘Best Asia Pacific Commercial Real Estate Agency Website’ awards, which clearly
proves that our expertise and experience have been recognised, not only by the
Thai property market, but also by the highly competitive Asia Pacific property
market. I would also like to thank our staff at all levels for their
contribution and hard work.” said David Simister, Chairman of CB Richard Ellis
Thailand.
Award entries were judged by a panel of professionals from various countries
whose collective knowledge of the property industry is considered second to
none. (Source CBRE Thailand)
Raimon Land reports sales escalation at Northpoint Condominium
Luxury property developer, Raimon Land, has recorded impressive sales growth for
its Northpoint project on prime beachfront land in Pattaya, bucking the trend of
Thailand’s overall property sales performance.
 Northpoint
Condominium.
As of July, the company has sold 72% of the 376 residential units in the
award-winning development on North Pattaya’s prestigious Wong-Amat Beach. Due to
open in early 2010, Northpoint’s two towers of 54 and 46 storeys have achieved
sales of THB3.3 billion, with 269 units sold.
Raimon Land Chief Executive Officer, Hubert Viriot, said the positive sales
clearly show that property buyers remain confident in Pattaya’s luxury real
estate market and in a resort destination just 90 minutes’ drive from
Suvarnabhumi International Airport.
“These results demonstrate a belief amongst investors and ourselves in the
destination, which is driven by its location, the increasing number of five-star
hotels, new retail developments, and the great outdoors lifestyle available”
Viriot said.
“Buyer movement has been particularly strong among Thai nationals, who see the
long-term value of a high-quality investment vehicle that can be rented to
executives living and working in the Eastern Seaboard region.”
Northpoint is the tallest residential development completed in Pattaya to date
and is now a landmark on the Pattaya skyline. Construction continues to make
good progress with mechanical, electrical and plumbing installations having
reached the penthouse levels of both towers. External decorative paint
application works are ongoing while imported floor and wall tiling installations
have significantly advanced at both towers, and landscaping and swimming pool
works continue to progress at the beachfront.
Recognised as the “Best Condo Development Eastern Seaboard” at the Thailand
Property Awards 2008, Northpoint redefines beachfront living in Pattaya with a
mix of one, two and three bedroom luxury units, as well as three to four-bedroom
duplexes and penthouses, ranging in size from 53-492sq.m., with tropical modern
designs, and every unit enjoying uninterrupted views of the Gulf of Thailand.
Located on 80-metres of beachfront amid tiered horizon pools and specially zoned
sun decks, Northpoint also features spectacular Sky Gardens, state-of-the-art
fitness facilities, a kids’ playground and lush greenery. (Source Raimon
Land)
REBA Eastern Seaboard announce an upcoming charity event
REBA –ES Board have announced that there will be a charity event sponsored by
the organization on the 11th September 2009. The event will be held at
Shenanigans Jomtien and will commence at 6 p.m. The evening will be open to all
comers and will cost 150 baht entrance at the door. The Entrance fee will cover
free buffet meal and drinks as long as they last.
There will be a raffle with the Grand Prize to be donated by the REBA Board
Members. Requests for other donations were made at the recent REBA –ES meeting
and Louix of 4A Property was the first to put his hand in his pocket and donate
5,000 baht to the event!
Of the 21 members of the group, there were representatives from 11 businesses
with many companies having more than one member so this ensured a packed
conference room at the Diana Garden Resort for the monthly meeting on July 9.
The first order of business was to introduce a new applicant company and Kevin
from Professional Property Solutions introduced Gareth De Silva and Mary Walsh
from Benchmark properties. Gareth, the Managing Director, is the only member of
Pattaya Real estate to hail from the island of Sri Lanka and he learned his
Pattaya skills at the hands of one of the founders, Clayton Wade of Premier
Homes. Mary is the corporate relocations manager and with experience with one of
the area’s largest relocations companies she is very well fitted for the
position.
A reminder was given by the Education Committee that the dates for the next
training were 24th to the 26th July and it was noted that there were already 4
members signed up to take the training at this session.
The PR Committee announced that last month’s meeting report was published in the
Real Estate Magazine and there were a lot of suggestions of other
publications that should be included on the press releases.
The professional standards committee chairman called for a vote to accept the
previously reported REBA – ES standardized contracts – the vote was carried
unanimously. Don’t forget to look for the REBA logo on all contracts in the
future.
The treasurer was pleased to announce that the bank balance was now looking a
bit healthier due to most of the companies now being up to date on their dues.
Cees from Town and Country Property announced that they will be sponsoring a
golf tournament along with REM and JVK movers to be held at the Navy Golf Course
on 25th September 2009. The tournament is open to all comers and will be a Texas
scramble format. Following the matches there will be lighthouse sundowners and
other events at the Royal Varuna Yacht Club. More details can be obtained from
Town and Country Property.
Commercial property rental outlook is bleak according to global survey
Despite some improvement in the economic data and a moderation in the pace of
decline in capital values in all world regions, rental expectations deteriorated
further, according to the latest RICS Global Commercial Property Survey,
released this month.
In the second quarter of the year RICS reported the sharpest declines in global
commercial property rents in the survey’s five year history, with Singapore,
Ukraine, Spain and Ireland leading the way. Sentiment among property
professionals in Spain and Ireland remained depressed with 97 percent more of
those surveyed in both countries reporting a fall rather than a rise in rents.
Property professionals in Singapore and the Ukraine were unanimous that rents
have fallen with the net balances in both countries reaching 100 percent.
In the United States, tenant demand is still declining but has slowed somewhat.
According to the property professionals surveyed, the release of speculative
supply onto the market is likely to continue diminishing.
Notwithstanding continuing attempts by agents to offer more attractive
inducements, forward-looking rental sentiment remains pessimistic. In Italy,
Spain and Ireland property professionals remain particularly downbeat about the
outlook for rents. Ninety-seven percent in both Ireland and Spain expect rents
to continue to fall rather than rise during the next quarter while property
professionals in Croatia and Singapore are unanimous that rents will fall.
While transaction activity continued to drop in most world markets, a few
countries saw an increase in investment bidders per property. The United Kingdom
was particularly notable in this regard reporting a positive balance of 46
percent more property professionals seeing an increase in bidders.
According to RICS chief economist Simon Rubinsohn: “Rental declines will weigh
on property pricing across many developed economies into 2010, reflecting both
rising availability and weaker labor markets. The dearth in global finance
continues to impede investment activity with transactions in decline across more
than 80 percent of countries surveyed.”
RICS’ Global Commercial Property Survey is a quarterly guide to the developing
trends in the commercial property investment and occupier market. Survey
questionnaires were sent to real estate organizations in June 2009 and
respondents were asked to compare conditions over the latest three months with
the previous three months. A total of 419 responses were received. (Source PR
Log)
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