As sales have taken a nosedive since last year, major condominium developers in Bangkok are looking for rental clients.

As an example, L.P.N. Development, which developed condominiums and houses under the Lumpini brand, is offering newly-launched condos for rent. The company plans to attract tenants by offering lower or slightly lower rents than the market price for a 3 year contract. The rented units are then combined and sold together to investors with 5-6% guaranteed rental returns which LPN adds on top to boost sales.

The strategy has been rolled out as some newly-built projects have seen less than 50% sales. Rents that are collected will be used for room maintenance. LPN condominiums that offer this strategy include Lumpini Township Rangsit-Klong 1 (2,700 units), Lumpini Place Rama 3 Riverine (100 units), and Lumpini Park Phahon 32 (100 units), or the total of 2,900 units worth 2 billion baht.

Another Bangkok developer, Supalai, has also unveiled Supalai Smart Solution, which offers a 30 year lease as an alternative to buying freehold, with the price 35-40% lower than purchasing the units. Buyers can pay 20-40 installments to Supalai with 0% interest within the period of 60 months.

Supalai believes this will meet the demands of high-earning customers, senior customers, and foreigners. Condominiums that offer Supalai Smart Solution are in Bangkok, Pattaya, Chiang Mai, Phuket, and Rayong such as Supalai Oriental Sukhumvit 39.

Many developers have seen sales plummet since last year, due to internal and external factors, including slowing economic growth, tighter mortgage regulations, and the strong baht which affects Chinese buyers, who are the major condo investors in Thailand.

SOURCE: positioningmag.com

A lone, jealous gunman, who killed his ex-wife in her place of employment in a shopping centre near Victory Monument yesterday afternoon, has been arrested.

The 34 year old gunman was arrested in a home in Phetchaburi, south west of Bangkok, at 4.30am today. He has been charged with pre-meditated murder, illegal possession of a weapon and carrying a gun in public.

He has allegedly confessed to all charges. Police took the man back to the Phayathai police station, near to where the incident happened.

Yesterday, Bangkok police reported the shooting of a woman at the Icon Clinic in the Century Movie Plaza. A bystander was also shot during the incident. The gunman fled the scene straight after the shooting.

The deceased woman was a 28 year old staff member at the clinic. The injured person was a fellow staff member, according to police. Witnesses report seven shots were fired.

Bangkok Metro Police announced that they’d identified the suspect as Danusorn Nooncharoen, the ex-husband of the victim. The gunman reportedly worked in security at the Siam Paragon shopping centre. According to police, the couple divorced last week after 10 years of marriage.

Police speculated that the incident was motivated through jealousy of a new man in his ex-wife’s life.

Police reported today that they had found a suicide note from the gunman where he wrote that he was going to kill his ex-wifes’ new lover and then kill himself.

The shooting happened 10 days after a deranged Thai army soldier opened fire inside another shopping mall in Korat, north east Thailand. The rampage left 30 people dead, including the gunman, plus another 50+ injuries. It was also 5 weeks after another shooting at a Lop Buri gold shop at the Robinsons Shopping Centre.

Despite all these incidents and the prevalence of guns in the hands of private citizens in Thailand, there has been no discussion from government officials about better gun controls.

Bangkok police report that a woman was shot and killed and a bystander wounded after a man opened fire in a shopping centre this afternoon. The gunman fled the scene straight after the shooting. He’s still at large.

The incident took place in front of a beauty clinic inside Century Movie Plaza, near the Victory Monument. The clinic is identified as the Icon Clinic. The deceased woman is a 28 year old staff member at the clinic. The injured person was a fellow staff member, accord to police. Witnesses report seven shots were fired.

At this stage police speculate that the incident was spurred by some jealousy, not fully understood at this time.

In CCTV footage obtained by Khaosod English, a gunman approaches the victim at her work desk before firing his handgun at her. Bangkok Metro Police say they’ve identified the suspect as Danusorn Nooncharoen, an ex-husband of the victim. The gunman reportedly works in security at the Siam Paragon shopping centre. According to police, the couple divorced last week after 10 years of marriage.

The shooting comes 10 days after a deranged soldier opened fire inside another shopping mall in Korat, north east Thailand. The rampage left 29 people dead, including the gunman and just over 5 weeks following another shooting at a Lop Buri gold shop at the Robinsons Shopping Centre.

Despite all these incidents and the prevalence of guns in the hands of private citizens in Thailand, there has been no discussion from government officials about better gun controls.

SOURCE: Khaosod English