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Residences on the rise

Bill Barnett

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Bill Barnett from c9hotelworks.com reports on the rise and rise of the residential living properties with hotel branding and management….

Property developers across Thailand are experiencing a magnetic attraction for hotel branded residences in order to spur price premium points and buyer demand. Currently there are 29 new hotel residence projects countrywide with nearly 90% of these located in resort areas.

New research by consulting group C9 Hotelworks has pinpointed that the top 3 locations for completed and pipeline projects in their Southeast Asia Hotel Residences Market Trends report are Phuket (26 properties), Pattaya (10 properties) and Bangkok (9 properties).

Residences on the rise | News by The Thaiger

Viewing how Thailand ranks in terms of competitiveness in the sector, with 41 completed projects to date, this accounts for 41% of the regions supply that stands at over 21,000 hotel residence units. Indonesia follows, whilst the rising star is Vietnam with Danang featured as a favored developer’s marketplace.

In Thailand, Phuket with 13 completed projects and another 13 in the works has a longstanding legacy of hospitality-led residences in such well-known ultra-luxury resorts as Amanpuri, Banyan Tree and Sri Panwa. Though over the past few years Bangkok’s Chao Phraya River with marquee branded projects affiliated to the likes of global icons Four Seasons and Mandarin Oriental have pushed prices though the glass ceiling to an average of more than 315,000 Baht per square metre, while the national average selling price in the sector is just over 101,000 Baht.

Commenting on the connection to brands and pricing premiums, C9 Hotelworks Bill Barnett said “our research in all the markets in the country show a demonstrated brand premium between 15-20%. Taking a close look at existing supply 92% of the supply are brand affiliated and we expect this preference by developers and property buyers to continue.”

Residences on the rise | News by The Thaiger

Branding and its relationship to real estate is not solely in the hotel domain. Thai-based Onxy Hospitality recent entered into an operating agreement with the international design group Yoo which was founded by Philippe Starck and John Hitchcox to run their branded properties.

And another move in the design brand space Bangkok’s BLINK Design Group who work extensively in hotels, resorts and residences bought over noted creative firm Jaya. The latter subsequently formed a venture with boutique hotel management group Two Roads Hospitality for Jaya branded hotels and residences.

Despite the presence of legacy global hotel brands that appear in C9’s data across Southeast Asia a number of Thai brands and hotel management groups are well placed such as BHM Asia, Dusit Thani, Minor and Onyx. Notes C9s Bill Barnett “is an increasing number of mixed-use projects that feature both hospitality and residential elements and hotel operators who want to drive expansion can’t ignore the strategic benefit of offering developers a holistic management and brand solution.”

Read the report HERE

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Bill Barnett has over 30 years of experience in the Asian hospitality and property markets. He is considered to be a leading authority on real estate trends across Asia, and has sat at almost every seat around the hospitality and real estate table. Bill promotes industry insight through regular conference speaking engagements and is continually gathering market intelligence. Over the past few years he has released four books on Asian property topics.

Thailand

Thailand News Today | Burmese border #&#!!!, Charges for Penguin, 9 dead in floods | Dec 4

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Thailand News Today | Burmese border #&#!!!, Charges for Penguin, 9 dead in floods | Dec 4 | The Thaiger

Thailand News Today, coming to you from the relatively dry Phuket, compared to the horrible flooding in parts of southern Thailand.

5 shot and in critical condition after gang clash in Phitsanulok

5 people have been shot and critically wounded in what police believe to be a turf war between 2 rival gangs in Phitsanulok, Central Thailand.

Police say gang members attacked another gang in the Wang Thong district because they were on “their territory.” Police say the alleged attackers threw ping pong bombs and fired shots at the rival gang members. The victims were reportedly found with several bullet wounds and are now in critical condition. Police are continuing their investigations into the attacks and shootings.

Covid-19 spread through commercial sex at Myanmar hotel, border resident claims

A resident of Myanmar’s border town Tachileik claims the recent Covid-19 outbreak has spread at a commercial sex venue parading as a hotel. 10 Thai women have so far tested positive for the coronavirus after returning from the location they had worked at. Some confirmed they worked at the 1G1 Hotel.

A local resident has told local media that a group of “fat military generals” from Yangon, where infections continue to rise, had sex with Thai women working at the venue.

The payment for services was up to 10,000 baht for the Thai girls working there.

Meanwhile, a Facebook page that appears to be linked to the hotel advertises jobs for “beautiful women.” One post offers a 3 day position to earn 30,000 baht, saying the “entertainment” job has “high class business customers.”

150 Thai workers ask to be allowed home from Myanmar’s virus-hit Tachilek

The Department of Disease Control says up to 150 Thai nationals have now applied to return from Myanmar, as Covid-19 cases rise in the Burmese border town.

The requests come as health officials attempt to trace hundreds who came into contact with a number of Covid-infected Thai women who crossed back into the Kingdom illegally, bypassing health checks and quarantine.A man in Chiang Rai who had contact with the women has since tested positive for the virus and we’re awaiting the results of many more tests as of today.

A total of 10 women, all of whom were carrying the virus, are believed to have made the illegal crossing. 2 of them subsequently boarded flights to Bangkok and Phitsanulok.

The Thai military is working with other relevant agencies to block the border crossing at the second Thai-Myanmar Friendship Bridge, in the Mae Sai district of Chiang Rai. At least 80 officials, accompanied by additional troops, are being deployed to check illegal border crossings. #gateshutafterhorsebolted

Thai Constitutional Court official files contempt charge against protest leader

A student protest leader is facing charges of contempt after he made statements on Facebook critical of the Constitutional Court ruling to acquit PM Prayut Chan-o-cha.

Tuesday’s ruling allows the Thai prime minister and former Army General to continue occupying a military-owned residence. Critics have argued that allowing Prayut, a retired general, to say at the Army residence is a conflict of interest.

Now the director of the Constitutional Court’s litigation office has filed the charge against pro-democracy protest leader known as Penguin. The director says the Facebook posts were defamatory to the court and had tarnished its reputation.

In addition to the Facebook posts, Montri says the protest leader made an offensive speech following the court ruling at the Lat Phrao intersection in Bangkok. Police are now investigating the claims to determine if charges should be pressed.

Khao San Road remains empty during the day, night crowds keep the street alive

Without foreign tourists at Bangkok’s famous backpacker mecca, Khao San Road has gone quiet.

While the nights draw local crowds, it’s definitely not what it used to be and the once bustling street remains largely empty during the day time.

The deserted street during the daytime remains an ongoing problem for traders who have long term rents with big price tags attached… reflecting the busy international traffic that used to mingle there.

The area has had a reputation for being an eclectic party street with noisy hostels, cheap alcohol and balloons filled with laughing gas but without the foreign tourists, many of the hotels on the street are now closed with most of the traders unable to quickly adapt to the new market conditions.

Severe flooding in southern Thailand kills 7

Heavy flooding in the south of the country has already killed 7 people, while many others have been injured.

The worst of the flooding, which has affected 9 provinces, is in Nakhon Si Thammarat, which has had over 6 days of persistent rain. In total, the floods have affected over 261,000 households and tens of thousands of people. Vast areas of land are submerged, with road and rail travel severely affected in places.

Other southern provinces hit by the heavy rain and flooding are Surat Thani, Phatthalung, Trang, Satun, Songkhla, and Pattani, Yala and Narathiwat down along the Malaysian border.

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Thailand

Ceremony marks 6 months since Thai activist’s disappearance in Cambodia

Caitlin Ashworth

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Ceremony marks 6 months since Thai activist’s disappearance in Cambodia | The Thaiger
PHOTO: Reuters

It’s been 6 months since Thai pro-democracy activist Wanchalearm Satsaksit disappeared in Cambodia. Many, including his family, claim the activist was abducted. The Human Rights Watch says the 37 year old was seen being forced into a vehicle in front of his Phnom Penh apartment in June.

A Buddhist ceremony was held today outside the activist’s apartment, marking 6 months since the disappearance. Monks chanted and scattered sacred water. The activist’s sister, Sitanun, attended the ceremony and called on authorities to solve the case.

“We do not know the perpetrator; however it is the duty and responsibility of authorities both in Cambodia and Thailand to find the truth.”

Wanchalearm fled Thailand after the 2014 military coup. He was accused of violating Thailand’s strict lèse majesté law. Since the coup, at least 8 other self-exiled Thai activists have disappeared from Laos, Cambodia and Vietnam. Some were found dead. Thai authorities deny any involvement with the disappearances.

Not much has been said by authorities regarding the activist’s disappearance. In past interviews, Cambodian police have said that they are unaware about a kidnapping. Cambodian police declined to comment when reached by Reuters reporters. Thailand’s embassy in Phnom Penh says they’re following the case, but couldn’t comment on details because it is “under legal process.”

Sitanun says she will appear in Phnom Penh court on December 8. She says she has photos and videos that show her brother was in the city when he disappeared.

SOURCE: Reuters

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Chon Buri

Man sets himself on fire at Chon Buri market, 3 others injured

Caitlin Ashworth

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Man sets himself on fire at Chon Buri market, 3 others injured | The Thaiger
PHOTO: Thairath

A man set himself on fire at a Chon Buri seafood restaurant in the Angsila district. 3 people were injured and treated at a local hospital after trying to put out the flames, reports say.

The man allegedly poured a gallon of oil on himself and set himself on fire using a cigarette lighter. Reports say he was seriously injured.

Video footage shows a burst of flames with people fleeing the shop, some rolling on the floor to extinguish the fire.

The video is graphic. To watch the clip, click HERE.

SOURCE: Pattaya News

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