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Bangkok property trends continue to point upward

The Thaiger

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Bangkok property trends continue to point upward | The Thaiger

Bangkok’s property market continues to show price growth with an eight-point increase in the DDproperty Property Index from 205 to 213 in the first quarter of 2018.

A strong opening for 2018, this growth is on the back of an improving economic outlook and an expected increase in Gross Domestic Product (GDP) this year to 4.2 percent (up 0.3 percent year on year), and in part due to the rising cost of developing projects in the popular but densely built-up areas in Bangkok.

The Index increased by 213 percent over the last three years, fuelled by escalating land prices, which are in turn dictating the type of projects being built. As a result, affordable residential projects are shifting to the city fringe and suburb areas, especially along the mass transit extension lines.

“The sophistication of Bangkok’s property market is more apparent now than ever,” said Mrs. Kamolpat Swaengkit, Country Manager for DDproperty.

“As values continue to move upwards, property’s reputation as a valuable investment asset strengthens further. Developers are therefore taking note and it is no wonder that the year has welcomed joint ventures between local and foreign developers eyeing potential across the city. They have become a lot more selective on the kinds of projects they work on, with the focus on building the ‘right’ property for the location and ensuring it is suited to its target audience. We have seen a real shift in the market with this renewed attention to detail.”

INFRASTRUCTURE IS KEY
The market has also been shaped by several external factors, with infrastructure being one of the most important and the ongoing development of the country’s public transportation networks pivotal to future values.

“The government continues to inject investment into mass transit networks, opening up new corners of Bangkok and even further afield. I am sure we will continue to see a flurry of activity along these routes as investors plan to cash into the capital appreciation brought about by infrastructure growth. Nowhere is this more apparent than Chatuchak, a district that continues to lead the pack. Here our Index shows growth of 10 percent since the last quarter of 2017, and an eye-watering 80 percent over the last three years. The extension of the BTS Green Line is the primary catalyst for such rapid price appreciation,” Mrs. Kamolpat explained.

Neighbouring Din Daeng, is also one to watch showing an impressive price increase of 39 percent over one year.

APPEAL OF VERTICAL LIVING
Supply has ramped up a few notches too. The DDproperty Property Index saw an 11 percent increase in the first quarter of 2018. Developers announced new project plans at the beginning of the year with condominiums making up 89 percent of this supply. This property class has become popular among developers due to better profit opportunities, as multiple units can be packed into one plot of land unlike landed houses.

Watthana remained the district with the highest supply volume for condos, accounting for 23 percent of all condo supply, followed by Klongtoey and Ratchathewi.

Meanwhile, Lat Prao and Prawet had the highest supply of townhouses and single-detached houses respectively in the first quarter of 2018.

“At the moment, buyers have considerable choice. Developers are trying to entice them to dig into their pockets by offering attractive promotions on their properties, which keeps the market moving forward. Coupled with the existing low interest rates and the potential for capital appreciation, we do not think that oversupply will be a concern going forward,” Mrs. Kamolpat concluded.

Bangkok property trends continue to point upward | News by The Thaiger



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Bangkok

Belarusian ‘Anastasia’ will be in Moscow detention another 3 days

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Belarusian ‘Anastasia’ will be in Moscow detention another 3 days | The Thaiger

Anastasia Vashukevich, aka. Nastya Rybka, the Belarusian model/sex-educator/Instagramer who spent a year in a Thai jail awaiting last week’s Court case, and was then deported, remains in a Moscow jail as of last night after the presiding judge decided to extend her detention by 72 hours.

She was arrested at Moscow airport on Thursday after being deported from Thailand on Tuesday night. She, and seven others, pleaded guilty last Tuesday for participating in a “sex training course” in Pattaya nearly 12 months ago.

During a hearing yesterday in Moscow, she said she did not want to “in any way compromise aluminum mining magnate, Oleg Deripaska”.

According to Interfax she said in the hearing, ”I have had enough.”

Her lawyer Dmitry Zatsarinsky, told reporters that his young client “has committed no crime” and had “nothing to do with” Deripaska and “still less with US President Donald Trump”.

On Friday her lawyer denounced Anastasia’s arrest, which was made while she was in transit in Moscow after a flight from Thailand on her way to Belarus.

The Belarusian gained notoriety last year when she claimed she had proof of Russian collusion with the Trump Presidential election campaign. She has now had her detention in Moscow extended by three days by a Russian court.

According to Interfax reports, she told the court she denied the accusation of prostitution, telling the court that “I am not guilty of what I am accused.”

She unexpectedly pleaded guilty in a Bangkok court to charges of prostitution relating to last February’s sex training course in Pattaya. The Thai judge suspended the group’s sentences but deported them, effective immediately.

Anastasia had been in custody in Thailand since a police raid in what AFP described as the “sleazy seaside resort of Pattaya” last February.

Belarusian 'Anastasia' will be in Moscow detention another 3 days | News by The Thaiger

Anastasia cruising around Phang Nga in 2017 – Instagram

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Bangkok

Bangkok smog: Police get out their hoses

The Thaiger & The Nation

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Bangkok smog: Police get out their hoses | The Thaiger

by Kornkamon Aksorndech 

Traffic police and volunteers sprayed water at four locations in Bangkok this morning in a bid to curb the dust and smog pollution.

Pol Maj General Nithithorn Jintakanon, commander of the Traffic Police Division of the Metropolitan Police Bureau, presided at the dispatch of 150 police officers and volunteers from his headquarters on Vibhavadi-Rangsit Road.

They chose four high-traffic locations and sprayed water in front of the Government Complex on Chaeng Wattana Road, the Din Daeng expressway toll gates and at the Ratchadapisek-Lat Phrao intersection on Lat Phrao Road and a Ramkhamhaeng Road intersection.

#pissinginthewind

Bangkok smog: Police get out their hoses | News by The Thaiger Bangkok smog: Police get out their hoses | News by The Thaiger

SOURCE: The Nation

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Bangkok

Club raid in Bangkok. Everyone detained tested positive to drug use.

The Thaiger & The Nation

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Club raid in Bangkok. Everyone detained tested positive to drug use. | The Thaiger
PHOTOS: The Nation

Another Bangkok night spot is is being threatened with closure after an early morning raid found it open too late, unlicensed and with patrons stocked up and pumped up with illicit drugs.

A team from the Provincial Administration Department and other officials raided the 56 Arena Music Hall on Charoenrat Road in Bang Kho Laem district, south of the Sathorn district at 2.30am today.

Most of the estimated 800 customers headed straight for the back door when the lights went on but police still detained 114 people on suspicion of illicit drug use. ALL later tested positive for drugs.

200 small sealed plastic bags of crystal methamphetamine, 45 of ketamine and 9 of ecstasy were found scattered around the floor in various locations, including in the toilets.

Club raid in Bangkok. Everyone detained tested positive to drug use. | News by The Thaiger

“Ladies and gentlemen, sorry to interrupt your night, but…”

The Nation reports that detained patrons had to undergo a urine test, resulting in 78 men and 36 women showing signs of taking illegal drugs. Two were under 20, one under 18.

The authorities, under an NCPO decree 22/2558, are now considering shutting the place down for five years.

The owner, whose name has not yet been released, was charged with operating without a licence, selling alcohol beyond legal hours and to persons under 20, advertising alcohol, allowing entry to persons under 20, and allowing drug use on the premises.

Club raid in Bangkok. Everyone detained tested positive to drug use. | News by The Thaiger

SOURCE: The Nation

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