THE DEPARTMENT of Special Investigation (DSI) today (June 24) raided the office and residence of a condo developer in Chiang Mai and gathered documents to seize assets worth 1 billion baht over fraud charges in the development of projects in this northern city and Krabi, Naewna newspaper said. Mr. Traiyarit Temhuong, DSI’s head, said the
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Renowned real estate executive Nigel Cornick launches development partnership in Thailand
Property expert with THB45 billion track record in completed luxury condominium projects returns to help industry navigate new market challenges and opportunities ONE OF Thailand’s most renowned real estate personalities has established a new development partnership to guide developers and owners through market challenges and allow them to maximise the potential of their assets. Far East Consultants
Read morePosh residences at The Whiteley in London being launched here soon
BEING launched in Bangkok on June 30, 2022 is the new world-class residences at The Whiteley, in London’s Bayswater, with Savills Thailand giving buyers here the first chance to purchase an apartment in the grand reimagining of the former Whiteleys department store. Designed by world leading architects Foster + Partners, The Whiteley brings together new,
Read moreTraders shocked by lighting closure of Chiang Mai shopping mall
DISMAY spread across Chiang Mai city today (May 5) after the lightning closure of the popular Promenada Resort Mall with store operators taken aback because they had not been given advance notice and suddenly had to pack their goods and leave, TV Channel 7 said. Particularly badly hit were those who had brought fresh
Read moreTenant from hell leaves house full of trash, steals fixtures
A LANDLORD in Ratchaburi province warned others to beware of getting a nightmare tenant as hers had left her house after a lengthy legal battle without clearing owed rent and full of rubbish while also stealing fixtures, Sanook.com said today (Apr. 16). Writing about the damage she suffered was Ms. Chommanard Lebkhurt on her Facebook
Read moreLegendary Korat hotel being sold after coronavirus severely hit business
JOINING the ranks of hotels put up for sale in Nakhon Ratchasima province (Korat) after the coronavirus pandemic caused business to plunge sharply is one that had been operating for 30 years and had a massage parlour on its top-most 12th floor, Amarin TV said today (Feb. 5). Pegasus Korat Hotel, located on Mitraphab
Read more159 unaccounted for in Florida condo collapse, four dead
By Reuters Staff, published by US News & World Report Surfside, Florida – Rescue workers scouring the debris of a collapsed condo building in a Miami suburb said they heard sounds in the rubble overnight, as officials today (June 25) raised the number of people unaccounted for to 159 and the confirmed
Read more10m baht house starts leaking during rainfall
A FACEBOOK user posted a video clip (attached below) showing rainwater pouring down the ceiling of a second-hand house he bought for 10 million baht with this occurring even though he had hired a technician to check it before the transaction, TV Channel 7 said this afternoon (June 21). Writing under the name
Read moreVirtual real estate plot sells for close to US$1 million
By Channel NewsAsia London – A patch of virtual land in the blockchain-based online world Decentraland sold for more than US$900,000 yesterday (June 17), in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bought and sold in the form of non-fungible tokens (NFTs). An NFT is
Read moreBank sells 121 properties at today’s online auction
THE Government Housing Bank’s hour-long online property auction from noon to 1 p.m. today (May 21) successfully sold 121 properties for a total of 135 million baht, Matichon newspaper said. Mr. Chatchai Sirilai, the bank’s managing director, said the auction, entitled “Find the Home you Desire – Reductions over the Spread of Covid-19″, took place
Read moreSQUEEZY LIVING: London’s thinnest house is on sale for £950k
By Kiro Evans, The Sun SPACE is at a premium at London’s thinnest house, on the market for £950,000. Just 1.6m at its narrowest, the five-floor property has a kitchen and dining area, reception area, bathroom and two bedrooms. Estate agent David Myers said the former Victorian hat shop in Shepherd’s Bush would appeal
Read moreCambodia’s capital in condo boom
Cambodia’s capital Phnom Penh is on the rise. Glass, steel and concrete mega-structures are beginning to dominate the city’s skyline. But as the capital grows, there are concerns that many of Phnom Penh’s residents will be squeezed out by the frenzy of construction projects. The BBC’s Nick Wood reports. https://www.bbc.com/news/av/36938500
Read moreHousing price index falls to Covid-19
THE Covid19 outbreak will lead to a fall in the price index for housing supply in Greater Bangkok in the first quarter, with discounts and campaigns still necessary to clear inventory. Real Estate Information Center (REIC) acting director-general Vichai Viratkapan said property developers need to use promotions to boost sales in the first quarter as
Read moreTenant from hell steals furniture, destroys house
TELEVISION Channel 3’s news anchor related a shocking experience with a nightmare tenant who stole her furniture and trashed her property, Sanook.com reported this morning (Nov. 4, 2020). Ms. Praweenmai Baikloy, the news anchor, said in her Facebook post that the damage caused by the tenant totals millions but he has offered a compensation of
Read moreCondo’s concrete awning collapses in Srinakarin area
RESIDENTS of a nine-storey condominium off Srinakarin road near Seacon Square scurried for safety at 5.30 a.m. this morning (Sept. 14, 2020) after a 21.5-metre-long concrete awning affixed between the ground and first floors suddenly collapsed but fortunately there were no injuries, Thai Rath newspaper reported. Sukhumvit fire and rescue staff, rescuers from Po Tek
Read moreCondo scaffolding collapse kills two Myanmar workers
THE SUDDEN collapse of a section of the scaffolding at a high-rise condominium being built in Chonburi province led to two Myanmar workers dying on the spot and two other being injured, one seriously, INN News reported today (August 16, 2020). Pol. Capt. Suchart Charoensri, an investigator at Sansuk police station in this province, rushed
Read moreUS home prices climb to record in pandemic as buyers seek space
By Associated Press, published by Fox Business New York — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retired veteran bought his first home last month at the age
Read moreHit by virus, Bangkok condo market plummets in Q2
THE NUMBER of condominiums launched in the Bangkok market dropped sharply in the second quarter with the plunge being 73.2% year-on-year and 35.6% compared to the first quarter, latest research by Knight Frank Thailand Company released today (July 21, 2020) shows. Ms. Risinee Sarikaputra, director of research and consultancy at this real estate agency, said
Read moreTired of working from home? Upgrade to a luxury hotel suite for the day
A one-bedroom deluxe suite at Intercontinental New York Barclay. Photo: Intercontinental New York Barclay By Monica Buchanan Pitrelli, CNBC WITH occupancy rates now at 44% in the US, and European hotels not expected to fully recover until 2023, hotels are reaching out to a new crop of clientele — local residents who are tired of
Read moreBangkok housing market likely to drop by 39% year-on-year
THE Greater Bangkok residential market is expected shrink by 39% year-on-year with new launches seen to bring in a total of 72,875 units compared to 118,975 units unveiled in 2019, the independent survey firm Agency for Real Estate Affairs (AREA) said today (June 18, 2020). Dr Sopon Pornchokchai, president of AREA’s Research and Appraisal Information
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