#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40013047

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AP (Thailand) tops the list of Thailand’s 10 top real estate developers with the highest investments in new residential projects this year.

The Real Estate Information Centre said the number of new residential units in Bangkok and suburban areas will see a sharp jump from 46,602 units last year to 81,126 units built by the 10 top residential developers based on their project plans as follows:

AP Thailand

New launches: 65 projects with a total value of Bt78 billion

Revenue target: Bt47 billion

Presales target: Bt50 billion

AP Thailand deputy managing director Witkarn Chanwimol said that this year, they will launch the highest number of projects since the founding of the company. The new projects are divided into 29 townhome projects with a value of Bt25.2 billion, 26 single detached house projects with a value of Bt35.6 billion and five condominium projects with a value of Bt13 billion as well as five residential projects in the provinces worth Bt4.2 billion.

Sansiri

New launches: 46 projects with a total value of Bt50 billion

Revenue target: Bt35 billion

Presales target: Bt35 billion

Sansiri CEO Srettha Thavisin said the company will launch 46 new projects this year, divided into 18 condominium projects and 28 other residential projects on the ground.

Noble Development

New launches: 18 projects with a total value of Bt47.7 billion

Revenue target: Bt29 billion

Presales target: Bt28 billion

Thongchai Busrapan, vice chairman and co-CEO of Noble Development, said his company would launch 18 projects this year, comprising 12 low-rise condominiums and ground residential projects with a value of Bt18.8 billion and six high-rise condominium projects with a value of Bt28.9 billion.

Origin Property

New launches: 31 projects with a total value of Bt42 billion

Revenue target: Bt17.5 billion

Presales target: Bt35 billion

Origin Propery CEO Peerapong Jaroon-ek said the company’s new projects will see a 137 per cent increase this year, compared to last year. The new projects comprise 12 single detached house projects with a total value of Bt13.4 billion and 19 condominium projects with a value of Bt15 billion.

Supalai

New launches: 34 projects with a total value of Bt40 billion

Revenue target: Bt29 billion

Presales target: Bt28 billion

Supalai managing director Traitecha Tungmatitham said the Covid-19 situation had affected buyers’ confidence last year so it launched just 23 residential projects. But this year, Supalai plans 34 new projects — 31 residential projects on the ground and three condominium projects. Supalai also plans to expand its projects to Chachoengsao, Lamphun, Nakhon Sawan, Nakhon Pathom and Prachuap Khiri Khan provinces.


SC Asset Corporation

New launches: 27 projects with a total value of Bt40 billion

Revenue target: Bt22 billion

Presales target: Bt22 billion

SC Asset CEO Nuttaphong Kunakornwong said the company is breaking its record of new project launches this year. The 27 new projects comprise 25 residential projects with a value of Bt33.5 billion and two condominium projects worth Bt6.5 billion. The company also has a budget of Bt11.5 billion to purchase new land plots this year for future projects.

Land and Houses Plc

New launches: 15 projects with a total value of Bt29.52 billion

Revenue target: Bt33 billion

Presales target: Bt31 billion

The company plans to launch 15 new projects this year with a total value of Bt29.52 billion. They include 11 single detached house projects, four twin-house projects, two townhouse projects and one condominium.


Frasers Property Thailand

New launches: 25 projects with a total value of Bt29.5 billion

Revenue target: Bt13 billion

Presales target: Bt25 billion

Frasers Property Thailand CEO Saenphin Sukhee said the company will launch 10 townhome projects, two twin home projects, 10 single detached house projects and three other residential projects in the provinces.

Ananda Development Plc

New launches: Seven projects with a total value of Bt28.4 billion

Revenue target: Bt12.186 billion

Presales target: Bt13.979 billion

Chanon Ruengkrittiy, the CEO of Ananda Development, said the company plans to launch seven projects with a total value of Bt28 billion — five condominium projects and two residential projects on the ground.


Sena Development Plc

New launches: 49 projects with a total value of Bt27.480 billion

Revenue target: Bt12.186 billion

Presales target: Bt13.979 billion

Ketsara Thanyalakpark, the managing director of Sena Development, said the company would be undergoing a major transformation this year and would launch 15 projects worth Bt27.48 billion.

Published : March 04, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/property/40012325

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SCG is adding momentum to its campaign “SCG for Smart Living, Smart City” with two engaging activation programmes bringing innovations and inspiration to people.

SCG Smart City will introduce people to living innovations and new technologies from SCG in an experiential journey into the gamified world on the website scgsmartcity.com, the company said, while “Dwell Well” is open for visits as an exhibition of home and living in the now normal on the first floor of SCG Home Experience.

Both activities are now open to the public for free.

Porawan Mahatanasuk, customer and brand management director at SCG Cement and Building Materials Business, said, “As the innovation leader, SCG creates innovative products, services and solutions for construction and living and concurrently builds enriched consumer experience and brand engagement. We are today bringing to life our ‘SCG for Smart Living, Smart City’ concept with online and on-ground activation programmes. A newly built website, SCG Smart City, now emerges as the first step in our gamification of living experience, and we are also holding the Dwell Well exhibition.”

Porawan added, “Both will be superb sources of knowledge, experience and inspiration, allowing consumers to explore home, living and construction innovations and solutions that they can apply to their home and building for a better quality of life as we all adapt to the living condition of today’s time that exposes us to numerous challenges, including environmental problems, pollution and health threats from the prolonged outbreak of Covid-19.”

In SCG Smart City, each player can take a journey to explore product innovations and solutions from SCG that address their needs in a variety of home and building spaces. They will learn about innovations for better living and be inspired to create a dream house. Points can be collected to redeem prizes and privileges.

To start playing:

• Create an avatar by answering questions based on your living preferences.
• Start your journey into SCG Smart City that lets you enter your interested places with a simple click to discover living innovations for home and building spaces.
• In each place, click on hidden products to earn points to redeem the prize

The Dwell Well exhibition brings its living innovations and solutions all in one place. It features three exhibit zones:
Zone 1 – Home Insights: It uses mapping technology to visualise problems to build consumer awareness of the problems, enabling them to identify needs and see advantage gaps between their existing and dream houses
Zone 2 – “Now Normal Home”: It gives visitors a glimpse of home and living in “now normal” settings where people have already adapted to coexist with problems and explore how homes will change
Zone 3 – Smart Living: It lets visitors experience and discover how SCG products can be used to solve these problems and make living better.

The exhibition is open to visitors until September 2022 at SCG Home Experience on the first floor on Praditmanutham Road (Ekamai-Ramindra).

“At SCG, we believe that quality living begins with good planning today. These two inspiring, experiential activities will attract the young generation and our target audiences to equip them with the knowledge and understanding to make suitable choice of product innovations for construction and living based on individual needs and preferences,” Porawan concluded.

Published : February 14, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40012316

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A leading property consultancy forecasts a surge in Bangkok condominium supply this year as the Covid-19 situation improves.

Colliers International Thailand predicts a rise of 33.7 per cent to 33,569 new condo units in 2022, after supply fell to a 13-year low of 25,113 new units in 2021.

Most of the new condominiums will be in outer Bangkok with a price tag of 70,000 to 120,000 baht per square metre, said Collier’s research director Phattarachai Taweewong.

Last year, the majority of new condos (57.4 per cent) were located in outer Bangkok districts of Huai Khwang, Chatuchak and Phasi Charoen.

Major real estate developers focused on new builds in outer Bangkok with a selling price under 50,000 baht per square metre.

However, the closure of construction camps and transport bans for labourers due to Covid-19 outbreaks disrupted construction, meaning condo developers failed to meet handover deadlines.

Related News

It’s open house for investors flush with cryptocurrency especially in Phuket, Pattaya, Hua Hin

Chinese nationals biggest property buyers in Thailand

New MRT Purple Line extension a boon to real-estate, say Krungthai Bank analysts

A drop in foreign demand and leftover supply also drove down new condo developments in Bangkok last year, said Colliers.

Published : February 14, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/blogs/property/40012242

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SC Asset Corporation Pcl has announced its business plan for the year 2022 through the Metaverse format.

Company chief executive officer Nuttaphong Kunakornwong spoke to the media through the avatar to reveal the road map for achieving total revenue of around 100 billion baht over the next four years.

SC and its group companies have 78 development projects for sale, worth 69 billion baht, with a horizontal and high-rise ratio of 70:30. They also have a 11.5-billion baht budget to invest in new land plots this year to support continued growth through 2025.

Nuttaphong said that this year there will be a variety of innovations that create value and connect solutions to people and the environment, such as active airflow and air quality control, EV charger, RueJai App 3.0, as well as the launch of prototypes of “House for Gamers” and new design series of “Work from Home” functions.

Regarding Metaverse itself, he finds it refreshing to test a new thing. However, he suggested that Metaverse needed a good money source and software investment because it also has a real physical latency on a person’s avatar.

However, he believes that in the next five years, Metaverse will be an indispensable technology trend for businesses. If consumers are found to have positive feedback behaviour with the benefits applied to the marketing of the real estate business, there may be buying-selling houses through the Metaverse version as well. Currently, there is no direct investment plan.

Published : February 11, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/property/40011286

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Noble Development Plc aims to launch 18 projects worth a total 47.7 billion baht in 2022, chairman of the executive committee and co-chief executive officer Thongchai Busrapan said in an online press conference.

Noble expects revenue to exceed 11 billion baht this year with pre-sales of 28 billion baht, while the company is committed to becoming one of the top five property developers in Thailand in the future, Thongchai said.

Second vice-chairman of the board of directors and co-chief executive officer Frank Fung Kuen Leung said 2022 would be a challenging year but Noble is “best placed among its competitors” in overseas markets.

He said Thailand was the most favoured location for Asian buyers while the depreciation of the baht had created a further incentive for investment.

Leung told the conference that there was a strong indication of pent up demand for overseas buyers waiting for travel to resume and the depressed market had resulted in a need for diversification.

He said Noble’s strength lies in the company’s deep network of more than 550 distributors in nine Asian countries.

According to Leung, the company has struck a balance between premium and mass-market projects, and “horizontal” and “vertical” projects.

He said Noble aims to acquire 550 pre-owned units in the Midlands and Northern England in 2022, with total capital of roughly £100 million (THB4.5 billion).

Member of the executive committee and chief financial officer Arttavit Chalermsaphayakorn said that of the 18 projects that will be launched this year, 10 will be worth 16.9 billion baht while eight will be joint ventures with BTS Group Holdings and Hongkong Land worth 30.8 billion baht.

Twelve would be low-rise projects worth 18.8 billion baht and six high-rise projects worth 28.9 billion baht.

Chief business development officer Sira Udol told the conference that five condominium projects would be launched on Tuesday.

One of them, Nue Connex Condo Don Muang, connects Phahonyothin and Vibhavadi Rangsit roads and is near the SRT Red Line and BTS Green Line.

The project, valued at 2.2 billion baht with 1,178 units, is slated to be completed in the fourth quarter of 2023. Prices start at 1.09 million baht, or 52,700 baht per square metre.
The next three condominium projects are Nue Z-Square Suan Luang Station, Nue District R9 and Nue Mega+ Bang Na.

The 289-unit Nue Z-Square, located near Suan Luang Rama 9 MRT station and Paradise Park, is valued at 700 million baht, Sira said.

The project is expected to be completed in the third quarter of 2023, with prices starting at 1.79 million baht, or 78,000 baht per square metre.

The 1,005-unit Nue District R9 is close to Phra Ram 9 MRT station. The project, valued at 3 billion baht, is expected to be finished in the first quarter of 2025. Prices start at 1.89 million baht, or 95,000 baht per square metre.

Meanwhile, Nue Mega+ Bang Na is valued at 6.2 billion baht and features 1,442 units. The project, slated for completion in the second quarter of 2025, has prices starting at 2.9 million baht, or 134,000 baht per square metre.

Sira also said another condominium project – Nue Evo Ari – is in the pipeline. It will be located in Soi Ari 1 and is near the BTS Ari station.

The 488-unit project, valued at 2.9 billion baht, is expected to be completed in the fourth quarter of 2025, with prices starting at 3.9 million baht, or 130,000 baht per square metre.

The media were also told that Noble was in the process of adding a digital-currency payment method to make purchases easier for both Thai and overseas customers. The process is expected to be completed in the second quarter of 2022.

Published : January 19, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40011040

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Sunchai Kooakachai, Director and Head of Research and Advisory, Knight Frank Thailand said that During the second half of 2021, the overall condominium market in the Cha-am Hua-Hin Khao-Tao area continued to slow in terms of both supply and demand.

Asurvey found that the number of new projects launched for sale throughout the year included only two projects.

Also, the Covid-19 epidemic of the past two years has caused condominium developers in the area to choose to wait to see the situation before launching or developing a new project.

Although Hua Hin remains a popular holiday destination for Bangkok residents, sales of condominiums continue to slow from the first half of the year. 

Supply

The cumulative supply of condominiums in the Cha-am Hua-Hin Khao-Tao area before 2008 to the second half of 2021 totalled 28,055 units.

In the second half of 2021, the supply of new condominiums launched for sale was from one project, with approximately 136 units, located in Hua Hin Soi 94.

Most of the condominiums are in the Cha-am area, accounting for 58 per cent, followed by Khao Tao and Khao Takiab at 13 and 11 per cent, respectively.

The supply of condominiums in Hua Hin accounted for 10 per cent of the total supply, while condominiums located in the in-land mountainous accounted for 8 per cent.

Of the total supply, most of the condominiums, at 55 per cent, are those without sea views while sea view condominiums accounted for 45 per cent.

Demand

In the second half of 2021, a total of 20,571 condominiums in the Cha-am Hua-Hin Khao-Tao area have been sold out of a total supply of 28,055 units, representing a sales rate of 73 per cent.

The sales rate is relatively stable compared to 2020. In the second half of 2021, only 154 units were sold, taking the total number of units sold throughout the year to 380 units.

Overall, the number of units left for sale, as of December 2021, is approximately 7,484 units. In projects that have been launched over five years ago, there are approximately 3,200 units left for sale or 50 per cent of the remaining supply.

At present, 90 per cent of the main buyers are Thais living in Bangkok while 5 per cent are Thais from provincial areas.

Another 5 per cent are retired expats from Scandinavia, Norway, the Netherlands, and France; most foreigners living in Hua Hin prefer to buy a house or a villa because they are relatively tranquil and private, and suitable for long term occupancy.

Condominiums in Khao Takiab enjoyed the highest sales rate at 96 per cent, followed by condominiums in Khao Tao and in-land areas, with sales rates of 95 per cent and 90 per cent, respectively.

The sales rate in Hua Hin and Cha-am was 83 per cent and 60 per cent, respectively. Cha-am is the area with the highest number of unsold condos at 6,468 units, or approximately 40 per cent of the total remaining supply.

At present, there is almost no land next to the sea in the Hua Hin area that can be developed. Remaining lands suitable for project development are in Cha-Am, but the area is still less popular than Hua Hin, which affords more convenience and easier access to amenities.

In the in-land mountain area that is not close to the sea, there is still a lot of space left for project development — and it should be of interest to investors because it is within the Hua Hin city limits and is favoured by foreigners. 

Asking Prices

The average asking price for sea view condominiums in this area is around 141,670 baht per square metre. Sales prices have increased by 2 per cent from the first half of 2021, with new sea view projects having an average asking price of 250,000 baht per square metre.

The average asking price of condominiums without Non-sea views is approximately 70,700 baht per square metre. Prices are relatively stable and decreased slightly by 0.1 per cent from the first half of 2021, due to projects that still have more than 50 per cent unsold units in the Cha-am area.

Developers continue to offer promotions and discounts to close out the sales of such projects. 

Outlook 

The overall Hua Hin condominium market in 2022 is expected to be relatively stable. This is because developers of condominium projects in the area are still assessing the situation and slowing down launches or the development of new projects.

However, condos in the seafront area have relatively few units for sale and their selling prices tend to increase. Meanwhile, it may take some time to move the unsold units in the Cha-am area; some projects may experience a price drop given the age of the condominiums.

Although the Covid-19 epidemic has had a negative impact on the condominium market in the Cha-am Hua-Hin Khao-Tao area, it also generated more interest in the area’s condominiums among the people in Bangkok.

Such potential buyers would like to avoid epidemic situations like that which occurred in the past. This group of buyers see the area as a place where they prefer to ride out the epidemic rather than in being Bangkok.

This results in more demand in the Cha-am Hua-Hin Khao-Tao condominium market, which is likely to expand further once the Covid-19 epidemic has passed.

Published : January 13, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40010758

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Thailand’s real estate market is now bustling as investors are using cryptocurrency to buy tangible property such as land, luxury homes and cars in a bid to cope with volatility.

Boon Yongsakul, chairman of Boat Pattana, a hotel operator and property developer in Phuket, said digital assets enabled investors, especially people aged 20-30, to generate enough income to buy up to THB300-million properties.

“Our customer bought two houses by using cryptocurrency – the first house worth THB12 million and the second costing THB20 million,” he said. “We accept cryptocurrency because they are the future and we cannot stop it,” he argued.

Amornchai Saehuang, chief operating officer of VIP Property Development in Phuket, said investors, especially Chinese, are using their cryptocurrency to buy tangible properties to cope with volatility.

He said a Chinese person recently bought a pool villa worth THB28 million using cryptocurrency.

“Cryptocurrency investors are the new wealthy who are able to purchase products and services at high prices,” he explained. “These investors will be the main factor in any future economy and this needs close monitoring.”

Amornchai added that cryptocurrency investors are paying attention to luxury houses and land in tourism areas such as Phuket, Pattaya and Hua Hin.

Thai Chamber of Commerce Housing Business Association president Issara Boonyang said cryptocurrency is an issue that everyone should be aware of as it is an inevitable global trend.

“Cryptocurrencies will play an important role in the real estate market in the future as investors will be able to use their real assets to issue cryptocurrencies instead of debentures or borrowing cash from financial institutions,” Issara said.

“This will become popular as new generations prefer investment that provides good and fast returns rather than deposits because the interest rate is low,” he added.

Related stories:

• Bitcoin slides below $50,000, continuing a choppy, down December
• Folk band Siang Isan goes crypto
• SEC spurns crypto industry again, denying two spot-bitcoin ETFs

Published : January 05, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40010650

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Nearly 60 per cent of condominium units sold in the first nine months of 2021 were bought by Chinese nationals, Wichai Wirattaphan, acting director of the Real Estate Information Centre, said recently.

According to statistics released by REIC, nationals from five countries were the biggest buyers of property in Thailand, namely:
• China: 17.8 billion baht (59.9 per cent)
• Vanuatu: 1.01 billion baht (3.4 per cent)
• United States: 864 million baht (2.9 per cent)
• United Kingdom: 732 million baht (2.5 per cent)
• France: 711 million baht (2.4 per cent)

Wichai said Vanuatu nationals only bought 23 units, but this made a big dent in the property market because each unit was worth 44 million baht on average.

In the first nine months of 2021, the average size of units bought came in at 43 square metres at an average value of 4.9 million baht or 114,000 baht per square metre.

US nationals bought bigger units averaging at 54.8 square metres, while the most expensive units or 5.1 million baht on average were bought by Singaporeans.

The top five provinces popular among foreign buyers are:
• Bangkok
• Chonburi
• Phuket
• Chiang Mai
• Prachuap Khiri Khan

Related News

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The China-Laos Railroad Project marks Asean’s game changer: Ministry of Foreign Affairs

New MRT Purple Line extension a boon to real-estate, say Krungthai Bank analysts

Foreigners bought 3,246 or 53 per cent of units up for sale in Bangkok, while Chonburi came in second with 1,738 units or 28.4 per cent.

The top five provinces with the highest value of units transferred to foreigners are:
• Bangkok
• Chonburi
• Phuket
• Prachuap Khiri Khan
• Nonthaburi

Units sold to foreigners brought 21.76 billion baht in Bangkok and 4.14 billion baht in Chonburi.

Published : December 31, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40009404

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Bangkok, Thailand, 29 November 2021- Architectural design does not only respond to the exterior and physical appearance of buildings, it also conceals meanings and functional benefits beyond our perception.

Bangkok International Trade & Exhibition Centre (BITEC), a leading MICE venue in Thailand and ASEAN revealed fascinating facts behind its iconic building design that respond to the needs of MICE business.

BITEC’s top priority is to deliver excellent services to customers and visitors, providing convenient, safe and full access to its functional facilities where organisers require specific attention to detail. BITEC focused on all aspects of the architecture, engineering, interior design and landscaping to meet the international standards. The following are the ten remarkable highlights that are considered parts of BITEC’s brand identity.

1. BITEC’s iconic masts

BITEC’s masts are considered as Iconic Architecture that have become like a landmark of the Eastern district of Bangkok. The idea of the design is of the plan to build an exhibition centre without pillars in order to make the most of every square metre.

Apart from an outstanding architectural appeal, all 26 masts support the roof structure, optimising spaces for facility usage without pillar obstructions. This allows for more flexible movement when installing equipment or industry machinery that requires manufacturing lifting. It is also beneficial for exhibitions that require vertical change of scene as the Hanging Point of the main roof structure has a bearing capacity of 2,000 kilograms per trussing line.

2. The size of BITEC’s parking space that is equal to 94 Olympic Game swimming pools

Many may think that BITEC does not have enough parking spaces, but in fact BITEC has a total capacity of up to 5,050 cars. BITEC has an indoor car park on the basement B1, B2 and B3 floors as well as the outdoor area which the total space is comparable to 94 standard Olympic swimming pools putting together. The parking space also includes special parking zones well as parking and charging outlets for electric vehicles (EV).

3. Freedom of heights

The EH 100 Hall at BITEC is an event space with the highest ceiling of 25 metres, equivalenting to 6 London buses in stack. The height freedom benefits events that require manufacturing lifting or high ceiling space for loading and installation such as acrobatics, concerts and performing shows.

4. Strong building surface that can support the weight of up to 3 tons

BITEC is the only venue in Thailand that can host industrial exhibitions and trade shows. The building’s Floor load that has an ability to support the weight of up to 3 tons per square metre, allows BITEC to be the venue of choice for organisers in the public and private sectors.

5. Connected open exhibition halls that are big enough to fit 6 airplanes

Believe it or not, the EH 98 to EH 107 exhibition halls are connected thoroughly with a total distance of 867 metres. With the total distance that can fit six A380 Airbus aircrafts, the connected halls are suitable for exhibitions that need to be separated into zones without pillar obstructions such as the Expo. The halls are also a great venue to host an event like an indoor marathon, creating an open space event for visitors as well as avoiding the traffic and PM2.5. pollution.

Each building has its own loading point with truck access, allowing for easy transportation, installations and dismantles

6. The longest travellator in the Thai MICE industry

BITEC has the longest travellator in the Thai MICE industry, with a total distance of 718 metres. The travellator allows users to commute within the space through each hall faster and more convenient. It is specially designed to match the style of the building with high safety standards equivalent to the ones at the airports, shopping malls and five-star hotels. BITEC also considered power and energy-saving as one of the top priorities, hence the travellator will automatically stop when there are no users. As for its long narrow path, this might be a good idea for those who look for a photogenic corner for photos and posts on social media.

7. BITEC has a total of 34 meeting rooms that can support meetings up to 136 rounds a day

Not only BITEC has exhibition halls and trade show venues, BITEC also provides 34 functional rooms that can support banquets and meetings up to 136 rounds a day. The rooms can accommodate up to 5,155 seats per day (4 rounds a day, 2 for morning session and 2 for afternoon session). With services and facilities that meet the international standards, the functional meeting rooms are choice of full benefits for corporate meetings, seminars, and annual parties.   

8. Plus-size Loading Bay for cranes and trucks

BITEC is the only venue in Thailand that allows cranes and trucks to enter the halls for loading and setting up. The access through a plus-size Loading Door is six metres tall and eight metres wide. This allows exhibitors to set up industrial machineries in a more cost-effective and convenient way. Also, facilitating loading by Dock leveller.

9. The colours have meanings

Noticeably, the interior at BITEC is decorated with six colourful schemes to identify zones and separate staircases, escalators, elevators, and parking. This is to guide visitors through the halls to their destination. The six colours all have meanings in relation to BITEC.

• Purple is referred to colour of the day of birth of HRH Princess Maha Chakri Sirindhorn who presided at the ceremony to establish the centre
• Red is referred to Rose Atrium
• Orange is referred to Sun Atrium
• Yellow is referred to Moon Atrium
• Green is referred to Hill Atrium or Rubber Tree
• Blue is referred to Sky Atrium

The colour codes will help to guide visitors throughout BITEC.

10. Only MICE venue in Thailand with the magic hatch

The magic hatch or what is called ‘Utility Hatch’ is important for a MICE venue because it hides bumps and bulges of the wires on the floor. It is hidden under the floor surface and contains all things such as electricity cables, plumbing cables, air deflectors that are installed at the events. The magic hatch is a must-have facility for industrial machinery exhibitions or events with machinery demonstration. Apart from being practical for setting up and providing a seamless appearance, the magic hatch also adds safety and security for the venue. Those hatches installed at every 9 meters on standard exhibition floor.

Apart from the outstanding architectural and meanings behind the design, BITEC also offers the international standards services and facilities to all users to utilise and benefit from the use of the space. The centre is working to provide services, safety and security that respond to alternating needs of MICE business in the next normal era.

Published : November 29, 2021

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/property/40007593

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The Krungthai Bank’s business analysis arm, COMPASS, believes the MRT Purple Line’s southern extension will attract up to 80-billion-baht real-estate investment in the Tao Poon-Rat Burana area.

Phacharaphot Nuntramas, COMPASS’ executive vice president, said the 110-billion-baht extension of the MRT Purple Line will be a boon for the real estate market as it will attract investments from the private sector.

He reckons the extension will boost the sale of homes in the area by 25 per cent to 9,600 units this year from 7,700 units between 2018 and 2020.

Once the Covid-19 situation eases, the condominium developments in Bang Sue and Khlong San areas and townhouses in the Pracha Uthit-Phutta Bucha area, in the below 3-million-baht price bracket and those no more than 5 million baht, will benefit the most.

He said these units meet homebuyers’ needs and grant 30 to 40 per cent of the price as profit for the developer.

He also expects the number of convenience stores in the area to rise by two- or threefold. Currently, there are four to five convenience stores per 10,000 people in Thailand.

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Kanit Umsakul, an analyst with COMPASS, said government investment in this project will boost GDP growth by 0.1-0.2 per cent. Though many construction sites were temporarily closed at the start of the third quarter, construction resumed in the middle of the quarter and many developments may meet their deadline in the fourth quarter.

He also believes the real-estate sector will grow significantly next year because the government plans to boost foreign ownership percentage in condominiums. Foreigners can currently only own 49 per cent. The government is also planning to allow foreigners to buy land and houses worth more than 10 million baht.

As for Bangkok and its adjacent provinces, COMPASS speculates that the number of properties bought will rise by 4.8 per cent or by 370 billion baht during the rest of this year, and by 5.1 per cent or 389 billion baht in 2022.

However, it says the number of condominium units bought will drop by 4.4 per cent or 249 billion baht until yearend, though it will rise by 3.2 per cent or 257-billion-baht next year.

Published : October 16, 2021

By : THE NATION