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Habitat Group launch Walden Sukhumvit 39

The Thaiger

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Habitat Group launch Walden Sukhumvit 39 | The Thaiger

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Following the success of Walden Asoke launched in March this year, and now 90% sold, the Habitat Group is launching its second city centre luxury low rise condominium under the Walden brand – Walden Sukhumvit 39.

Developed under the concept of “Low Rise, High Living”, the 950 million baht development embraces nature in its design. With end-users and investors in mind, Walden Sukhumvit 39 is located in the most expensive rental area of Bangkok, Sukhumvit, where rates reach 1,000 baht per sqm/ month, and yields for Walden Sukhumvit 39 owners are expected to reach 5% per year.

“High-end condominiums continue to grow in popularity attracting both Thai and international buyers, as well as investors. With Grade A locations scarce, especially along Sukhumvit Road and the BTS route, land prices are at a premium, which in turn has meant prices for condominiums in Sukhumvit 39 have grow exponentially over the past five years (2014-2018), from 160,000 baht/ sqm to 275,000 baht/ sqm,” said Mr. Chanin Vanijwongse, Chief Executive Officer of Habitat Group

Sukhumvit is a popular residential area with condominiums commanding high rents and occupancy, Sukhumvit 39 itself a popular Japanese community home to 100,000 families and approximately 250,000 people.

Identifying an opportunity to create a unique, luxury low rise condominium in the heart of Bangkok, Habitat Group launch Walden Sukhumvit 39 on 0-3-22 rai of land in soi Sukhumvit 39. An eight floor condominium with a total of 116 units comprising One Bedroom (95 units) from 34.56 – 45.77 sqm, Two Bedroom (14 units) ranging from 53.25 – 59.44 sqm, and Loft Garden (7 units) which are two-storey two bedroom configurations covering 60.53 sqm, construction will start Q2 2019 and is expected to be complete and with units ready-to-move-in, in Q2 2021. Prices start from 5.9 million baht.

Habitat Group launch Walden Sukhumvit 39 | News by The Thaiger

“Sukhumvit is a high potential location. It is not only a good location for living but it’s also an important business centre that’s surround by facilities including five-star hotels, office buildings, shopping malls, tourist destinations, hospitals, schools and universities. Located in Phrom Phong area of Bangkok, close to the Phrom Phong BTS station, Emquartier and Emporium malls, and Samitivej Hospital, Walden Sukhumvit 39 offers privacy and convenience in the heart of Bangkok,” added Mr. Chanin.

Walden Sukhumvit 39’s target market is 70% investor and 30% owner-user. Monthly rental rates are expected to be 30,000-60,000 baht per month, depending on unit size, with an average yield of 5% per year, compared to condominiums in the inner Sukhumvit area which average yields of approximately 3% per year.

Highlights of the development include a luxurious design, privacy and natural surrounds. Extensive green trees onsite will provide shade and cool for both the outdoor facilities and indoor areas, while each unit has a spacious, airy design with room functionality that can be adjusted to owners’ lifestyles.

The expansive rooftop facilities include separate adult and children swimming pools, jacuzzi and Onzen, as well as a sky terrace and communal spaces for family activities, a BBQ corner, and a playground, giving Walden Sukhumvit 39 a resort feel in the city. Water features, lobby and fitness center round out the facilities.

Complementing the natural feel and lush landscaping of Walden Sukhumvit 39 is technology and innovation. Automated Parking provides a convenient parking solution for car-owners while “Walden Privilege” allows residents to shop and order home delivery, take-away food, pay bills and manage house cleaning on a tablet.

“We are confident that Walden Sukhumvit 39 will be well received by customers due to its location and high investment potential that will deliver strong rental returns and long term asset gain. There is high demand from Thai and expatriates looking to reside in the area, especially Japanese and Chinese, as well as investors – these are our main target group. Our hospitality arm, Habitat Hospitality, will manage the properties and facilitate rent for owners, ensuring yields are high, and we expect investors to profit from Walden Sukhumvit 39 with a 3-5% capital gain yearly,” concluded Mr. Chanin.

Habitat Group will host two exclusive booking days on 22 and 23 September where interested buyers can visit the show unit at Habitat Group’s Sales Gallery. For more information, visit www.habitatgroup.co.th or call 02-168-8266.

Habitat Group launch Walden Sukhumvit 39 | News by The Thaiger

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Bangkok

Festival of lights will decorate 13 Bangkok bridges until October 25

The Thaiger & The Nation

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Festival of lights will decorate 13 Bangkok bridges until October 25 | The Thaiger

PHOTO: TakeMeTour

Thirteen bridges over Bangkok’s Chao Phraya River, as it snakes its way through the metropolitan areas, will be lit up in a festival that runs through to October 25.

The Department of Rural Roads is decorating Rama III, Rama IV, Rama V, Rama VII, Maha Jesadabordinthanuson, Somdet Phra Pinklao, Phra Phuttha Yodfa, Phra Pok Klao, The King Taksin , Krung Thon Buri, Bangkok, Bhumibol 1 and Bhumibol 2 bridges.

The special decorations are a part of the final part of the May coronation ceremony and will feature barge processions along the Chao Phraya.c The bridges will be lit up from 7pm to 10pm each night, and 6pm to midnight on October 24.

The move is meant to show the unity of Thai people and project the beauty of the Chao Phraya River to promote tourism.

The Government and TAT have outlined a range of other projects to Cabinet, including concerts, festivals, expos, tourism discount promotions and even a ‘Ganja World Festival’ in Buriram, in efforts to push the international tourist numbers past 40 million.

In a challenging year, the tourism numbers started well with forecasts of over 40 million for 2019. But March, April and May saw some changes to the demographics and some of the traditional favourite locations noted big drops in numbers. But the numbers appear to have stabilised since and a drop in overall Chinese tourism has been matched with surges is some other markets.

SOURCE: The Nation

Festival of lights will decorate 13 Bangkok bridges until October 25 | News by The Thaiger

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Bangkok

Professor: Military government too interested in tourism – not people’s welfare

Greeley Pulitzer

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Professor: Military government too interested in tourism – not people’s welfare | The Thaiger

A professor of Rangsit University has criticised the previous military government for focusing too much on tourism and not enough on the welfare of the Thai people. The professor was speaking at Chulalongkorn University at a seminar discussing street stalls and urban development.

She questioned the National Council for Peace and Order’s policy of clearing street vendors in all but a few areas such as Yaowarat and Khao San Road that mainly cater to tourists.

She claimed that the NCPO – in power since the coup of 2014 until this year’s election – was more interested in economic development through tourism than in the welfare of the public.

Having affordable street food options was not just about tourism, she said, it was vital for poor workers who have migrated from the countryside, adding that it was part of an informal rather than a formal economy.

“For years people had earned their living from selling goods and services, including food, on the streets.”

This in turn provided an affordable option to eat for workers who came to Bangkok on for large investment projects. The issue, she said, was not just about tourism but the wider economy that might benefit.

The professor noted that CNN had once called Bangkok the best place in the world for street food but this had changed with the sanitized food trucks that have appeared since stalls and vendors were banned from most areas.

The Thaiger notes that banning street vendors has divided the capital. Many are happy that the sidewalks are easier to navigate, but others – including tourists – have said that the lifeblood and character of the city has suffered.

SOURCE: Naew Na | ThaiVisa Forum

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Bangkok

Stricter controls and paperwork putting brakes on residential property market

The Thaiger

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Stricter controls and paperwork putting brakes on residential property market | The Thaiger

The honorary president of the Thai Housing Business Association, Atip Bijanonda, is tipping the local residential market may fall by up to 10% this year starved of economic confidence, the global economic slowdown and the loan-to-value limits.

But he also believes the situation is far from the situation leading up to the 1997 economic collapse.

The Greater Bangkok residential market is now valued at 372 billion baht (in 2018). That’s a rise of 29% compared to the year earlier. So the drop this year is off the back of a very successful 2017.

For this year the market has fallen by 5%, according to the Thai Housing Business Association, with the largest declines in Q2, in retaliation to the LTV limits taking on April 1.

Some of Thailand’s major developers are now shelving some projects as the market soaks up a glut of properties constructed over the past two years.

Three property associations – the Housing Business Association, the Thai Condominium Association and the Thai Real Estate Association – are having meetings with the finance minister discussing the current property market.

Topics for discussion are the improvement in property regulation, construction permits, licences and stricter controls over developers and lending. The associations also want to discuss the current delays on Environmental impact assessments (EIAs). They say that since the responsibility for EIAs was handed over to the Bangkok Metropolitan Administration from the Office of Natural Resources and Environmental Policy and Planning in 2016, the process is now taking much longer.

Speaking to the Bangkok Post, Kobsak Pootrakool, deputy secretary-general to the PM for political affairs says that stricter lending criteria and the LTV rules are the main factors obstructing mortgage approvals for homebuyers

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