Bangkok

Bangkok home prices among the cheapest in the Key Global Cities report

Published

4 weeks ago

April 28, 2019

Bangkok home prices among the cheapest in the Key Global Cities report | The Thaiger

Hong Kong maintains its position as the world’s most expensive residential city, while Bangkok ranks at #33 out of 35 global cities surveyed.

In the fifth annual Global Living Report, CBRE profiles the property markets across 35 key global cities. The results highlight that investments in urban areas such as transport infrastructure, connectivity, retail, cultural centres and housing are key drivers of economic growth.

“In the fifth edition of the ‘Global Living’ report, we have expanded the number of cities we examine from 29 to 35. They include the most exciting cities in the world, from emerging technology-driven powerhouses like Shenzhen and Bangkok through more traditional capital cities such as Rome and Lisbon, to rapidly evolving modern urban centres like Dubai and Johannesburg,” according to Jennet Siebrits, Head of Residential Research at CBRE UK.

Bangkok home prices among the cheapest in the Key Global Cities report | News by The Thaiger

The top three most expensive places to buy a residential property are all in Asia. Hong Kong remains the city with the highest value residential real estate, with an average property costing 39.52 million baht (USD 1.235 million), Singapore in second place, averaging 27.97 million baht (USD 874,372), and Shanghai third at 27.92 million baht (USD 872,555).

Bangkok stands at #33 position with an average residential property price of 3.4 million baht (USD 106,383), followed by Ho Chi Min City at 3.29 million baht (USD 103,057) and Istanbul at the bottom with average prices of 3.11 million baht (USD 97,396) amongst the 35 surveyed world cities.

The biggest year-on-year growth was experienced in double-digits by Barcelona (16.9%), Dublin (11.6%), Shanghai (11.2%) and Madrid (10.2%). London remains one of the top ten performing global cities, with the average property price of 20.7 million baht (USD 646,973) although growth was down by 1.1%.

You can read the full report HERE.

Find the largest list of Bangkok city properties for sale HERE.

Bangkok home prices among the cheapest in the Key Global Cities report | News by The Thaiger

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Bangkok

IKEA Thailand launches full online store

Published

5 hours ago

May 24, 2019

The Thaiger & The Nation

“…it took IKEA about two years to study the market demand, develop the infrastructure, and prepare everything before launching their e-commerce service in Southeast Asia.”

by Kwanchai Rungfapairsarn

IKEA Thailand has announced the official launch of its IKEA Online Store as it gets set to better provide for individual customers across the Kingdom.

IKEA Thailand say the seamless online shopping experience will offer the same journey and impression customers get when they visit a physical IKEA store.

“We see the potential – it is a potential in Thailand for IKEA. We have only been accessible within Bangkok so far, and now we will be accessible for people from across the country,” Lacia Sherlock, the deputy retail manager for Thailand, Singapore and the Philippines, said.

“The delivery prices need to be affordable and all the services need to be accessible for consumers living outside of Bangkok, so that they are able to get the assembly or whatever they need.”

IKEA has developed the full e-commerce platform for modern shoppers providing a convenient channel to access it products and inspirations, 24 hours a day and from anywhere in Thailand.

Sherlock said it took IKEA about two years to study the market demand, develop the infrastructure, and prepare everything before launching their e-commerce service in Southeast Asia.

“We aim to provide an impressive online shopping experience similar to the shopping experience customers get when visiting our physical stores. The online store has been available in Singapore and Malaysia within Southeast Asia.”

“We are pleased to now be able to provide this access to Thais. We have been wanting to do this for a long time, along with providing them with a superior experience and inspiration through both of our two Bangkok stores,” said Sherlock.

IEA soft-launched its e-commerce service in Thailand on March 26 in order to test the system and procedures and ensure they were fully functional before yesterday’s official launch.

“We are looking at achieving 17,000 online orders this year. We believe that the IKEA Online Store will help strengthen IKEA Thailand and drive sustainable growth, as our popular in-store shopping experience is complemented by our new online offering.”

IKEA Thailand launches full online store | News by The Thaiger

PHOTO: The Nation

Bangkok

Thanathorn is able to attend this afternoon’s opening of Parliament

Published

6 hours ago

May 24, 2019

The Thaiger

PHOTO: Future Forward party leader Thanathorn Juangroongruangkit, heading to the opening of Parliament today?

Future Forward party leader Thanathorn Juangroongruangkit has been told he can attend the opening of parliament today by His Majesty the King in the conference hall of the Ministry of Foreign Affairs.

But the 41 year old leader of Future Forward is yet to confirm his attendance after being told yesterday he would not be able to be part of the opening proceedings.

Sorasak Pienwech, the secretary-general of the House of Representatives, says his office is yet to receive a formal order from the Constitutional Court temporarily suspending Thanathorn’s parliamentary membership so, as far as they’re concerned, he is still a member of parliament and is permitted to attend today’s opening at 3pm.

The Constitutional Court voted 8:1 yesterday to suspend Thanathorn’s parliamentary membership after it unanimously voted to accept the Election Commission’s media share ownership case against him.

As for the meeting of MPs tomorrow, in the conference hall of TOT Company on Chaengwattana road, he said Thanathorn can attend because he has not yet taken an oath as constitutionally mandated.

After the oath-taking ceremony, however, he will have to stop performing his duties as an MP and will have to leave the meeting, according to Mr. Sorasak.

Informed sources said that Mr. Pornpektch Wichitcholachai, former president of the junta-appointed National Legislative Assembly, will be nominated as the only candidate and he is likely to be elected the Senate speaker because of his close connection with the junta, especially Prime Minister Prayut Chan-o-cha.

SOURCE: Thai PBS

Bangkok

Vendors shuffled off Bangkok footpaths to make way for motorbikes

Published

12 hours ago

May 24, 2019

The Thaiger

PHOTO: Daily News

Motorcyclists are brazenly flouting the law after a recent picture on the Facebook site of JS 100 Radio showed a ‘traffic jam’ on the footpath at Lat Prao Soi 101 in Bangkok.

Pedestrians were unable to get through as the motorcycles crowded the walkways, according to the post.

Daily News was slamming the riders for their behaviour. Comments responding to the pictures saying that vendors had been cleared from the capital’s sidewalks only for motorcycles to increasingly take over and bring more headaches to pedestrians.

Some even complained about police seen riding on the sidewalks of Bangkok as well as going the wrong way against traffic.

Vendors shuffled off Bangkok footpaths to make way for motorbikes | News by The Thaiger