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Land prices upcountry doubling

Legacy Phuket Gazette

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Land prices upcountry doubling | Thaiger
PHUKET MEDIA WATCH

– Thailand news selected by Gazette editors for Phuket’s international community

Provincial land prices double as big developers go upcountry
Phuket Gazette

PHUKET: The expansion by leading property firms of their investment in the provinces during the course of last year has resulted in land prices doubling in many areas.

The main provinces and areas subject to the expansion drive are Rayong, Chiang Mai, Khon Kaen, Udon Thani, Phuket, Pattaya, Hat Yai and Khao Yai.

Preecha Ariyanon, managing director of Term Sup Group, a developer in Rayong, said the price of land along the province’s Sukhumvit Road had increased from an average of 20 million baht per rai (0.16 hectare) two years ago to 40mn baht now.

Land in Pluak Deang district has also doubled in the same period, to an average of 10 mn baht per rai.

Local developers are, however, able to compete with the property companies from Bangkok that have expanded into the province, as they had acquired their land before prices started to surge, he said.

For example, Term Sup Group holds more than 4,000 rai in Rayong province, which is valued at an average cost that is still below 20mn baht per rai.

As a result, the company can develop residential projects at a lower cost than new competitors in the local market.

Yesterday, the company introduced a 1 billion baht condominium project, the Wisdom Grandiose Condo, comprising 330 keys, with units priced from 1.6 million baht.

The units will each have 30 sqm of utility space.

Term Sup Group also plans a townhouse project worth between 1.6bn and 2bn baht as its next launch, Preecha added.

Rayong province has recently seen the launch of 10 condominium projects with a combined 1,000 units, worth 4bn baht in total.

One of the projects is a development by Sansiri, which has launched the 600mn baht condo, Nernpra, which will have 328 units.

Low-rise housing is another new market for listed property firms expanding their investment in Rayong.

The Confidence, a subsidiary of Quality Houses, has introduced the 660mn baht Casa Seaside Rayong detached-housing project, while Lalin Property has launched a similar project worth 600mn baht.

Udon Thani province has also seen land prices rising sharply, from an average of 20mn per rai on Pho Sri Road two years ago to between 30mn and 40mn baht now.

This is down to leading developers Sansiri, Asian Property Development, LPN Development, Land & Houses and Supalai all having shown interest in expanding their investments in the province.

Meanwhile, land prices in Phuket and Songkhla have also soared from 2010 levels due to rising residential demand, said Business Housing Association president Issara Boonyoung.

The average price in Phuket rose from 20mn baht per rai to 40mn baht during the period, which like other examples noted, was due to a number of Bangkok and local property firms expanding their investments in the province, he said.

Thanawat Poolsil, president of the Songkhla Real Estate Association, said demand for the development of residential projects was focused on two Songkhla districts: Hat Yai and Sadao.

The price of land in Hat Yai has risen by an average of 10 per cent a year and is now about 50mn baht per rai, while Sadao district has witnessed a similar annual rise to 10mn baht, he said.

— Phuket Gazette Editors

 

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Thailand

British tourists come forward about being attacked on Koh Tao in 2013

Tanutam Thawan

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Photo by Valeriy Ryasnyanskiy for Unsplash

Many continue to contend that Zaw Lin and Wai Phyo, the 2 Burmese young men convicted for the 2014 murder of 2 tourists on Koh Tao’s Sairee Beach, are innocent. Now 2 tourists who were attacked on the same beach, just a year before the murder, are now coming forward to help prove that the conviction could have been unreliable.

In September 2014, the bodies of British tourists 23 year old Hannah Witheridge and 24 year old David Miller were found on the beach. Police say Hannah had been raped and David had been hit several times on the head with a garden hoe.

Zaw and Wai were arrested soon after the killings. Some say the investigation was accelerated in an effort to gain back tourist confidence and keep visitors coming to the island. Numerous activists, criminologists, and others have spoken out against the conviction, saying the evidence was bungled.

Just a year before, British tourists Sam Venning and Carla Bartel survived an attack on the same beach. Sam, who was 22 at the time, was talking to Carla, who was 20, on the beach when 2 men wearing V for Vendetta masks attacked them, hitting Sam in the head with a rock.

Sam and Carla came forward to Thai officials after the killings to help with the investigation, but say no one got back to them. Sam says he had emailed the Thai Embassy in London, but no one contacted him. Carla says she contacted the UK Foreign Commonwealth Office who then passed her on to the UK National Crime Agency. She was told that the information was sent to Thai police, but officers did not follow up with her.

SOURCE: Mirror.UK

 

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Phuket

Fishermen find space debris off the coast of Phuket

Tanutam Thawan

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Photo via Facebook/ Phuket Andaman News

Local fishermen found space debris, possibly from a satellite or space shuttle, on the seabed just 6 metres below the surface by Koh Ael in Phuket. At first, no one knew exactly what it was.

Specialists from a Navy explosive ordnance disposal unit were first called to look at the round, hollow metal object which was about 45 centimetres in diameter. 3rd Naval Area commander Vice Admiral Choengchai Chomchoengpaet told reporters at a press conference that the team took photos of the object and found it appeared to be a rocket fuel tank, possibly used to launch a satellite or shuttle into space. He said it matched photos online.

Both the Geo-Informatics and Space Technology Development Agency, or GISTDA, and the National Astronomical Research Institute of Thailand, agree that the object was most likely a fuel tank for a rocket.

Since the fuel tanks usually contain harmful chemicals like ammonia or hydrogen, divers examined the space debris to make sure there were no chemical leaks before bringing the object to shore and taken to the navy headquarters. The space debris will be taken to the GISTDA to be studied.

“If other objects similar to this one are found elsewhere, people should not touch them. They could contain hazardous chemicals. They should immediately inform Region 3 Thai-MECC or local officials.”

SOURCE: Bangkok Post

 

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Thailand

UPDATE: 2 Americans and a Thai arrested over Bangkok kidnap attempt, Thai policeman involved | VIDEO

Tanutam Thawan

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Screenshot: THAICRIME

UPDATE:

Following up from the earlier story involving 2 Americans, a Thai, a Taiwanese businessman, and an Israeli security goon, we have the following update (original story below)…

Police have examined CCTV from the restaurant in Thong Lor where the Taiwanese businessman was kidnapped. It’s also been revealed that a “senior Thai policeman” was involved in the alleged abduction case. The abduction took place on March 28.

The meeting had been called to “resolve” some disagreements over a large purchase of rubber gloves that had gone wrong.

After arriving at a meeting at the L’Oliva restaurant in Sukhumvit Soi 26, Mr. Wen Yu Chung was manhandled, put in a headlock and dragged out of the premises. Daily News reports that a “lieutenant colonel” ranked Thai policeman was also captured on the CCTV supervising the events as they happened inside the restaurant. He is reported as being a former traffic policeman.

Mr. Chung was then held to ransom at the condo NT Court. Attempts were made to contact Mr Chung’s family and business associates to extract a ransom – allegedly 1 and 2 million baht – but they refused to pay.

The 3 men have been identified as 41 year old Jeremy Hughes Manchester, 52 year old Louis William Ziskin, both Americans, and Ekbodin Prasitnarit, Thai.

Mr Louis Ziskin has a somewhat chequered history with his story catalogued on Wikipedia. Summarised…

Ziskin was taken into custody in December 7, 2000 and charged over transactions from November 1999 to December 22, 1999. Ziskin was convicted of smuggling 700 pounds of ecstasy into Southern California via FedEx and other various shipping companies, the largest-ever US government seizure of the drug. There was another indictment a year later.

Following his incarceration, Ziskin lost a double jeopardy appeal for the second indictment. The US government settled all claims against Ziskin for a 188 month sentence and a US$9 million fine.

Daily News also reported a man ‘Mike’ who allegedly invited the policeman to be involved in the incident. Earlier this man was described as “Mr. Michael Greenberg, an Israeli operating a detective company”.

Here’s video showing the arrest of Mr. Ziskin…

EARLIER STORY:

Thai police have arrested 2 American citizens and a Thai for the alleged kidnap of a Taiwanese businessman for ransom. 5 other arrest warrants are also waiting to be executed over the incident. Police allege a “business conflict” over the purchase of plastic ‘nitrile’ gloves as the motive.

The 3 men have been identified as 41 year old Jeremy Hughes Manchester, 52 year old Louis William Ziskin, both Americans, and Ekbodin Prasitnarit, Thai. All 3 have denied the charges including illegal assembly, attempted murder, abduction for ransom and extortion. They were formally charged at the Thong Lor police.

According to Bangkok Post, in late 2020 Mr Ziskin appointed the Collection Company to negotiate the purchase of a large quantity of plastic gloves with the Paddy The Room Trading Company.

Police allege that there was an ongoing conflict between the two sides which was responsible for Mr Ziskin accumulating 93 million baht in damages.. So, according to police, Mr Ziskin hired Mr. Michael Greenberg, an Israeli operating a detective company in Thailand to negotiate and retrieve the losses.

Police allege that Mr Greenberg hired Thai and foreign collaborators to plan an abduction as leverage in the retrieval of their losses. They contacted a 60 year old Taiwanese man from the Collection Company in Thailand to procure a supply of rubber gloves from Paddy The Room Trading Company.

They made an appointment to meet Wen Yu Chung at a restaurant in Bangkok’s in Bangkok’s Tong Lor are off Sukhumvit Road on March 28. Police allege that Mr Greenberg and hired associates arrived, handcuffed the Taiwanese businessman and then took him to the NT Place, 200 metres further south down the same Soi, Sukhumvit 36.

They then called Mr Chung’s boss demanding US$2 million, and then called the man’s family demanding another US$1 million. Both contacted police and did nothing to accede to the demands for ransom..

The abductors then headed to a restaurant in Soi 24, with Mr. Chung, eventually letting him go. The Taiwanese man went, first to hospital, then to Thong Lor police station to relate his story. Eventually 8 arrest warrants were issued over the alleged abduction. Soon after police arrested Mr Manchester, Mr Ziskin and Mr Ekbodin.

We’ll continue to follow this story.

SOURCE: Bangkok Post

 

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