Called Walden Asoke, the residential condominiums can be bought in sizes from 31 to 65 square metres, with prices ranging from Bt5.9 million to Bt11 million per unit.

The developer said Walden Asoke was targeted at expatriate groups such as Japanese and Chinese as well as property investors.

Habitat Group chief executive officer Chanin Vanijwongse said on Monday that purchasers could expect capital gains of up to 6-10 per cent per year, with returns on rent being 4-6 per cent each year.

Pornrat Maneerattanaporn, executive vice president and sales director of Landy Home (Thailand) Co Ltd, said: “In the past year, the company generated sales of up to Bt1.2 billion or 25% growth, with the majority still in Bangkok Metropolitan region (80 per cent) while the remaining are located upcountry.”

She said up to 35 per cent of sales are from homes priced from Bt10 million and above.

“Therefore, we are aiming to further develop our Landy Luxury brand with integrated design and services to better serve our target customers in this year,” she said.

“The Luxury Vertical House project is an urban living solution concept for high-end customers looking to live in nearby central business centre locations. Each house in the project has a larger usage area than condominium, with passive design and more green area,” the company said.

All parts of the house can be exposed to natural wind and sun with a unique linkage design. Every house with over 700 square metres of living space has full facilities, such as a. private swimming pool, six-car parking space, for three generations living in a house at Bt39.9 million.

Lertmongkol Waravenuch, managing director of Deva Real Estate, said the Luxury Vertical House project is designed to meet the needs of extended families who want to live in a city with easy access to the CBD.

“With over 700 square meters of living space, each D8 house has a six-car parking space that can accommodate up to nine-car parking space with mechanic car park.

“Moreover, the project has more privacy with only six units available at Ekamai-Ramindra at the price of Bt39.9 million with full facilities such as elevator, swimming pool and private garden. The house owner would feel as if the owner of a mini condominium but no central expenses.

“In addition, the D8 project is characterised by passive design, wind direction, air flow and lighting that reaches each house area for can saving.

“The centre of the building is the location of a tree course which is the main court area the house. All bedrooms are designed to view this area. All bedrooms are designed to view this area.. Green areas are inserted into pocket gardens into each unit. The pool is designed to be on the top floor for privacy and a wider view and can be reached directly from the master bedroom – a penthouse style that bedroom and bathroom are connected by a large glass walkway making the area more attractive than other projects.”

Absolute Hotel Services Group has signed a management agreement with APUS (North Pattaya) Company Ltd, led by managing director Charlermphon Khoncham, to open U North Pattaya in 2020.

The 270-room property will consist of 150 deluxe residential units and 120 hotel rooms and also feature first-class facilities including an all-day dining restaurant and pool bar, a large swimming pool, a fully equipped high-tech gym, a garden, meeting and events spaces. The hotel is near Pattaya’s most famous attractions and well-appointed dining areas as well as the underdevelopment Terminal 21 shopping centre.

“Since starting the Absolute Hotel Services Group in 2008, the company has been growing fast, strong and diverse. We are experts in hotel management and now we’re approaching the hospitality lead residential sector. U North Pattaya is our third hotel in the Pattaya area and it highlights the company’s continuing success and the strength of the U brand. It’s a great time for me and my team,” said Wigley.

“We plan to develop an average of two new projects worth an average of Bt7 billion a year from this year until 2022, with the first two projects to be launched this year,” he said of the plans by the joint venture, KPN-Keppel Alliance Co Ltd. The two projects, in Sukhumvit Soi 19 and Soi 28, are worth a total of Bt7 billion.

The Sukhumvit Soi i9 project, worth Bt2.5 billion, is due to be launched in the second quarter of this year. The launch of the project in Sukhumvit Soi 28, worth Bt4.5 billion, has been delayed from the third quarter to the final quarter. The company had to revise its design to match with the demands of the local community and have an environmental impact assessment (EIA) for the project cleared, Rawee said.

Under the business plan, the company needs to acquire the new land for the development of residential projects in Bangkok at a cost of up to Bt4 billion a year. This would enable it to develop 14 condominiums worth more than Bt35 billion from this year to 2022, he said.

Keppel Land’s president of regional investment, Sam Moon Thong, said that the company sees strong demand for residential projects in Bangkok, prompting it to expand its investments in Thailand. The company had withdrawn form the Thai market in 2016.

“We believe that our new business model, with the setting up of a joint venture firm with a local partner in Thailand, would work out better than the investment result we achieved when we first entered the Thai market on our own in 2000,” he said. “This is because our local partner will help us to manage and develop the projects.”

Keppel Land is a subsidiary and property arm of Keppel Corporation Group, which is a multibillion-dollar operation providing solutions for sustainable urbanisation while meeting a growing need for energy services, infrastructure, clean environments, high quality homes and commercial developments, and connectivity.

Keppel Land has expanded its investment in several countries in Asia, such as China, Vietnam, Indonesia, Myanmar, the Philippines, and Thailand.

“When we expand our investment in overseas markets we expect a return on investment averaging in the double digits, including for our investment in Thailand,” Moon Thong said.

Rawee said the company also expects its annual business growth to be in the double digits under the joint venture with Keppel Land.

KPN Land expects its total revenue to reach Bt2.5 billion in this year, Rawee said. Most of the company’s new residential projects to be launched by 2022 would be developed under the joint venture with Keppel Land, he said.

“We will propose that all of the land for the development of condominiums be considered as projects for the joint venture. If the joint venture firm is interested in a particular site, then that project would be develop by the joint venture.

If not, KPN Land would undertake the development on its own,” he said.

  The company recorded Bt38.6 billion in presales as of the end of 2017, the company’s chief financial officer Wanchak Buranasiri said in a press release yesterday.

The company plans to launch four new residential projects worth a total of Bt12.7 billion in the first quarter of this year – three single detached house projects, and a condominium, he said.

LPN Development Plc will launch 14 projects worth Bt18 billion while Property Perfect is set for the introductions of 25 residential project, worth a total of Bt35.8 billion.

LPN Development Plc’s chief executive officer and managing director Opas Sripayak said the company targeted presale to reach Bt20 billion this year.

The company also expects a total revenue of Bt12 billion this year or up 25 per cent from its total revenue of Bt9.6 billion last year, he added.

Opas says year 2018 is the year of change, following a year of shifts last year, and the company will focus on two businesses: condominiums , single detached and townhouse projects, as well as service provision.

The company will also restructure its management team with outside recruitments to boost its business operations. It will also invest in information technology and rebranding its products.

“We expect strong growth of 40 per cent in revenue from our residential projects from 2018 to 2020, and a 20 per cent expansion in revenue from the service businesses for the same period,” he said

Meanwhile, the company expects presale to achieve Bt20 billion this year , comprising Bt17 billion from condominiums, and Bt3 billion from single detached house and townhouse projects. These will be booked to the company’s total revenue of Bt12 billion – Bt10.5 billion from condominium projects and Bt1.5 billion from single detached house and townhouse projects, he said.

Currently, the company has a backlog of sold properties worth Bt7.4 billion, waiting for transfer to buyers, of which Bt5.9 billion will be booked to its total revenue this year, Opas added.

Peoperty Perfect Plc’s chief executive officer Chainid Adhyanasakul said the company expects a presale total of Bt22.4 billion this year and revenue of Bt24.03 billion. It hopes to achieve Bt30 billion in revenue in the year 2020.

Despite high levels of investor interest, transaction volume in 2018 is, however, unlikely to match 2017 as fewer investment grade hotel assets are being put up in the market this year, according to property consultancy JLL.

Data from JLL’s Hotels and Hospitality Group shows 12 hotel assets were sold last year with a combined value of Bt17 billion. This is a 70 per cent jump from 2016 and is 39.7 per cent higher than the five-year average annual volume recorded between 2012 and 2016 of about Bt12.2 billion.

The project will be developed by a joint venture firm between AP (Thailand) Plc and Mitsubishi Estate Group, according to a company statement yesterday.

In addition, the company reported strong annual pre-sales of Bt34.9 billion, an increase of 39 per cent.

Projects launched increased by 105 per cent over the 2016 launches, again reaching an all-time record of Bt42.5 billion, and comprising 11 condominium projects worth Bt36.6 billion.

This put Ananda in the position of the largest launcher of condominium projects in 2017 in Thailand, according to a company press release.

The company also released a business plan for 2018. It expects transfers to grow by 152 per cent year-on-year and delivering the results the company expected as part of its “4 in 4 roadmap, 4 times bigger in 4 years” during which it expects to grow transfers over 400 per cent in the next 4 years from Bt15.1 billion in 2017 to Bt70 billion in 2021.