NBTC OFFERS FREE INTERNET

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http://www.nationmultimedia.com/detail/Startup_and_IT/30361118

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NBTC OFFERS FREE INTERNET

Tech December 26, 2018 01:00

By The Nation

The National Broadcasting and Telecommunications Commission (NBTC) will provide free high-speed Internet to 600,000 households, totalling 1.8 million people in 3,920 villages in the remote areas of Thailand, for three years.

NBTC secretary-general Takorn Tantasith said on Tuesday that access to the free service would begin in May 2019.

Agency sees stable growth in condo market next year

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30361032

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Agency sees stable growth in condo market next year

Real Estate December 24, 2018 13:29

By The Nation

Property agency Nexus Property Marketing Co Ltd estimates that the supply of condominiums in 2019 should increase at around the average growth rate over the past five years, by 53,000 units.

Meanwhile, the demand should range between 50,000-55,000 units. Based on the forecast, total sales in units and the remaining supply in 2019 should also be relatively the same this year, the company’s managing director, Nalinrat Chareonsuphong, said on Monday.

This year the average price of condominium units in Bangkok surged 7.6 per cent while prices of condominium units in the downtown area rose by 10 per cent.

She said developers should focus more on city condo projects and the mid-market to serve the majority of people living in Bangkok so that the units can be sold to those who buy them for their own accommodation rather than target foreigners who buy them as investment.

“However, we do not ignore foreign investment. There has been continuous demand from large investors or institutional investors,” she said.

In 2019, investments from international investors especially Japan, China, Hong Kong and Singapore should increase from 26 per cent (15,820 units from 24 projects in 2018) to 30 per cent. Demand from Hong Kong, Singapore and Taiwan markets should not be lower than the previous year. Meanwhile, the Cambodia, Laos, Myanmar and Vietnam markets will be in the limelight.

Analysing condominium price trends in Bangkok over the next 1-3 years, Nexus said it believes the rate of price increase will be lower than the past while the price of land will not surge as aggressively as it did several years ago. It is expected that condominium prices will increase at approximately 6-7 per cent per year, she said.

Meanwhile, the price of Grade A rental offices in the CBD area exceeded Bt1,000 per square metre per month. The price of retail space in shopping centres went up to 3,900 baht/sq.m./month and is likely to keep surging. Next year, the rental office and retail markets seem headed for more fierce competition, she said.

Cha-Am-Hua Hin condo market on the mend

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30361031

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Cha-Am-Hua Hin condo market on the mend

Real Estate December 24, 2018 13:28

By
The Nation

The Cha Am-Hua Hin condominium market showed positive signals during the first three quarters of 2018, following a slowdown over the past few years, Phanom Kanjanathiemthao, managing director of Knight Frank Thailand Co Ltd, said on Monday.

Following a study conducted by Knight Frank Thailand, it was found that between January and September, 1,041 new condominium units were added to the market — an increase of 164 per cent compared to the same period last year.

The new supply is entirely located in the heart of Hua Hin, and has been developed by major developers from Bangkok, Phanom said.

Of the new projects since 2012, only 35 per cent are situated on the beach or not too far from the coastline.

Lately, developers have progressively turned their attention to developing projects in the city, focusing on locational convenience as their selling point. They have also positioned the projects to cater to buyer needs with focus on unit size, unit configuration and common spaces, Phanom said.

In the first nine months of the year, the average sales rate was approximately 75 per cent.

It is expected that supply will increase by about 200 to 300 units in the last quarter of the year, which is expected to help maintain the market balance after the recent recovery from the slowdown, Phanom added.

Applications for GHB mortgages tops Bt130 billion

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http://www.nationmultimedia.com/detail/Real_Estate/30361020

Applications for GHB mortgages tops Bt130 billion

Real Estate December 24, 2018 09:45

By The Nation

2,181 Viewed

Applications for the right to ask for a loan to cover the purchase of a residential property not exceeding Bt1 million reached Bt130 billion yesterday,

the Government Housing Bank or GHB reported late on Sunday.

The bank will examine the list of applications on December 25, 2018 and those who meet the criteria can apply for the mortgage loan on January 2, 2019, said the bank’s president Chatchai Sirilai.

Property firms push year-end sales as 2019 view is cloudy

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http://www.nationmultimedia.com/detail/Real_Estate/30360841

Perspective of Unio Town by Helix Co Ltd, a subsidiary of Ananda Development Plc, as a sales promotion campaign is launched.
Perspective of Unio Town by Helix Co Ltd, a subsidiary of Ananda Development Plc, as a sales promotion campaign is launched.

Property firms push year-end sales as 2019 view is cloudy

Real Estate December 24, 2018 01:00

By Somluck Srimalee
The Nation

2,413 Viewed

With the market expecting only slight growth in 2019, most major Bangkok property firms launched promotion campaigns to boost sales in the last two weeks of this year.

For example, Pruksa Real Estate Plc has launched its latest campaign, Biggest Sale Ever, between now and December 28, 2018. It offers customers who make a residential purchase entry into a lucky draw worth a combined Bt200 million.

Origin Property Plc launched its One Price promotion campaign by offering residential units at a Bt1.29 million starting price from December 8-11, 2019. The campaign managed to sell Bt220 million worth of units in the four-day event.

The latest campaign from Helix Co Ltd, a subsidiary of Ananda Development Plc, will offer a Bt2,018 down-payment Bt2,018 for 18 months, for customer who buy from among its four townhouse projects under the Unio Town brand, with prices between Bt2.28 million and Bt3.19 million per unit. The campaign runs from now till December 25, 2018.

Supalai Plc launched a winter campaign offering price discounts of between Bt25,000 and Bt100,000 for customers of its residential project till December 15, 2018.

Meanwhile, the latest campaign from Government Housing Bank will provide residential loans of up to Bt1 million, following government policy, on the December 23 weekend.

“Most property firms have tried to boost their sales in the last month of this year till the first quarter of next year before the new measure from the Bank of Thailand to increase down-payment value comes into effect on April 1, 2019,” Issara Boonyong, chief executive officer of Kanda Group, said recently.

Issara, who is also honorary chairman of the Business Housing Association, added that most property firms this year launched additional new residential projects to keep a backlog, as they do not know what will happen in 2019.

A survey Business Housing Association found that new residential projects launched in Bangkok and its suburban in the first 10 months of this totalled 95,727 units, up 6 per cent from the same period of last year. Condominium units accounted 57,878 of them, up 10 per cent from the same period of last year. The next 37,849 units were single detached houses and townhouses, up just 1 per cent from the same period of last year.

Meanwhile, new registrations of single detached houses and townhouse in Bangkok and its suburbs for the first nine months of this year totalled 43,125 units, up 15 per cent from the same period of last year. And new condominium registrations for the city and suburbs totalled 49,461 units, up 4 per cent from the same period of last year.

Recorded residential transfers in the first nine months of this year totalled 140,583 units, up 22 per cent from the same period of last year, with 71,578 units of those being single detached houses and townhouse, up 19 per cent from the same period of last year. Next were transfers of 69,005 condo units, up 24 per cent from the same period of last year, he said.

High-value residential to be main driver of 2019 realty growth

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30360840

A suburban train passes a building site in central Bangkok. The construction boom continues amid signs of a slowdown next year.--AFP
A suburban train passes a building site in central Bangkok. The construction boom continues amid signs of a slowdown next year.–AFP

High-value residential to be main driver of 2019 realty growth

Real Estate December 24, 2018 01:00

By Somluck Srimalee
The Nation

2,649 Viewed

Challenges await property developers next year with the Bank of Thailand (BOT) poised to implement a more restrictive regime on mortgage loans starting April 1, along with the recent with a rise in the policy rate, and an expected slowdown of the country’s economic growth, according to realty experts.

“We believe developers will have a hard time next year, given the negative factors affecting the purchasing power of homebuyers. Property firms must rejig their business models with a long-term focus,” said AP (Thailand) Plc’s chief executive officer Anupong Asavabhokhin.

However, he remains confident that the market will still post a 5-per cent growth next year given the strong demand for residential units priced between Bt5 and Bt10 million. This segment will not be badly impacted by the central bank’s measures on mortgage loans – as opposed to speculators and the second-home market, he said.

Origin Property Plc’s chief executive officer Peerapong Charoon-Ek agreed with Anupong’s assessment, saying that the new central bank regime will have little impact on real market demand. He expected growth of up to 10 per cent next year.

“The middle- and upper-income market, priced from Bt5 million to more than Bt10 million a unit, will not be adversely affected by the new regime on mortgage loans and a higher interest rate. However, the impact will be badly felt in the middle- to lower-income segments offering residential units for lower than Bt5 million each,” he said.

Piya Prayong , Pruksa Real Estate Plc’s chief executive officer for market evaluation, said the new loan-to-value measures announced by the Bank of Thailand will weaken demand from both domestic and overseas buyers, especially prospective customers from China. Thus, the company forecasts a market growth of not more than 5 per cent next year.

“To get around the problems, we will adjust our business model with a focus on condominiums. Construction of these projects take longer but the larger timeframe will, in turn, give our customers more time for paying instalments on their down payment,” Piya said. “We will also launch fewer projects next year.”

The Bank of Thailand has announced a set of new measures to rein in mortgage approvals, requiring buyers to place a higher down payment for multi-mortgage borrowings.

From April 1, it will require homebuyers of a third house to place a 30 per cent down-payment, regardless of the price. The first down payment remains unchanged at 10 per cent.

For the second mortgage, the down payment is 10 per cent if the re-payment period of the first mortgage exceeds three years, or the house price is below Bt10 million. The down payment will increase to 20 per cent if the first mortgage is less than three years or the house price is more than Bt10 million.

The Bank of Thailand also raised its policy rate by 0.25 per cent to 1.75 per cent last week amid signs of further increases if the country’s economic growth stays on track next year. However, Thai rates remain lower than other countries’. The US Fed has hiked rates three times this year, causing an outflow of capital from emerging markets to its shores.

Therdsak Thaveeteeratham, executive vice president/research for Asia Plus Securities, said the property market faces slower growth or even a contraction next year as a result of the BOT measures and higher interest rate.

The new regime on mortgage approvals will sap demand in the second- and third-home segments, while the higher policy rate will impact the first-home market, he added.

Therdsak said the Bank of Thailand’s measures will be felt throughout the realty market next year.

The 12 property companies listed on the Stock Exchange of Thailand currently have over Bt500 billion worth of projects under development, of which Bt292 billion are invested in single detached houses and townhouses with condominiums accounting for the balance.

Meanwhile, the total of presale values this year will reach Bt360 billion, the highest in 10 years as the market absorbs higher demand ahead of the slowdown.

Developers are expected to revise their business plans for next year with fewer new-project launches, Therdsak said.

Bangkok top in Asean, second in Asia for sustainable conference destination

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http://www.nationmultimedia.com/detail/Tourism/30361104

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Bangkok top in Asean, second in Asia for sustainable conference destination

Tourism December 26, 2018 01:00

By   THE NATION

BANGKOK has placed second on the list of Asian destinations in the latest Global Destination Sustainability (GDS) Index.

The rating, which measured social and environmental sustainability strategies, industry supplier support, and Convention Bureau strategy and initiatives.

The results also praised Thailand Convention and Exhibition Bureau (TCEB)’s performance as a top scorer in a comparison of convention bureaux in other Asian destinations.

The top five destinations recently received GDS-Index Awards from the International Congress and Convention Association (ICCA) to recognise their sustainable practices in the business tourism and events industry.

The five highest overall scores went to Gothenburg (Sweden), Copenhagen (Denmark), Reykjavik (Iceland), Oslo (Norway) and Uppsala (Sweden) respectively.

According to the index, the top five Asian cities with highest overall scores are Tokyo (Japan), Bangkok, Goyang (South Korea), Sapporo (Japan), and Dubai (United Arab Emirates) respectively.

Bangkok was ranked second in Asia and 21st in the world according to the GDS-Index. The ranking measured across four key areas, including city environmental strategy and infrastructure (14 topics), city social sustainability performance (4 topics), industry supplier support (8 topics), and convention bureau (CVB) strategy and initiatives (12 topics).

Bangkok received an overall score of 58 per cent, with the convention bureau winning 69 per cent, ably beating the global benchmark of 53 per cent.

TCEB president Chiruit Isarangkun Na Ayuthaya noted that this was the first time that Bangkok had participated in the GDS-Index, leaving the bureau delighted by the result.

The ranking showcases the country’s commitment to the international standard and the focus on environmental sustainability for meetings and the events industry, he said.

“Given the fact that international MICE (meetings, incentives, conferencing and exhibition) travellers increasingly focus on sustainability while the GDS-Index aligns with the United Nations Sustainable Development Goals, this ranking certainly benefits both the MICE industry and Thailand at the same time,” said Chiruit.

The Global Destination Sustainability Index (GDS-Index) is a prize-winning grassroots Scandinavian initiative that evolved into the first-ever sustainability ranking for event destinations worldwide. The collaborative partnership between ICCA, European Cities Marketing, IMEX and MCI Group, promotes knowledge sharing, capacity building, and benchmarking.

According to ICCA and UFI, the Global Association of the Exhibition Industry, Thailand ranked fifth in Asia for international conventions and seventh in Asia for international exhibitions. Both indexes spotlighted Thailand as the number one destination for conventions and exhibitions among Asean countries.

Tourist spending in last week of year to hit Bt47.4 bn

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http://www.nationmultimedia.com/detail/Tourism/30361033

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Tourist spending in last week of year to hit Bt47.4 bn

Tourism December 24, 2018 13:31

By
The Nation

2,024 Viewed

Kasikorn Research Centre expects tourism spending from December 28 to January 1, to be worth about Bt47.43 billion, up 9.3 per cent from the same period of last year.

Tourism growth in the new year season will be boosted by both domestic and overseas tourists. The country would also gain from the government’s policy to promote the tourism sector, especially the free visa-on-arrival scheme, the research said.

Increasingly popular Chiang Mai gears up for changing tourism trends

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http://www.nationmultimedia.com/detail/Tourism/30361013

Tourists pose for photo at Queen Sirikit Botanical Garden in Mae Rim District, Chiang Mai Province./Jintana Panyaarvudh
Tourists pose for photo at Queen Sirikit Botanical Garden in Mae Rim District, Chiang Mai Province./Jintana Panyaarvudh

Increasingly popular Chiang Mai gears up for changing tourism trends

business December 24, 2018 01:00

By Jintana Panyaarvudh
The Nation
Chiang Mai

12,792 Viewed

The Tourism industry in Chiang Mai has seen some changes recently, especially in the type, behaviour and nationality of tourists, Pakkanan Winijchai, director of the Chiang Mai branch of the Tourism Authority of Thailand, said.

The number of independent tourists visiting the northern city has been rising gradually though the number of group tourists dropped slightly after a boat accident in Phuket killed 47 tourists in July, Pakkanan told The Nation in an interview last week.

The 60:40 ratio of independent and group tourists over the past few years has changed to 70:30, Pakkanan added.

She explained that the increasing number of free independent travellers included domestic tourists as well as foreigners, especially those from Europe, Australia and India.

The director, who was posted in Chiang Mai two months ago, said the city seems to have become more popular among Europeans, especially Italians and from German-speaking countries, as well as Russians.

Also, some nationalities visit Chiang Mai more often and during specific seasons. For instance, Israelis usually prefer to come during the rainy season to enjoy the sound of rain and waterfalls, as their country is more prone to droughts. But now, many of them also visit during the winter season.

Foreign tourists pose for picture at Canopy Walkway at Queen Sirikit Botanical Garden

Last year, Chiang Mai welcomed around 10 million tourists, 7 million of whom were locals and 3 million foreigners, Pakkanan said. Of the foreigners, 1 million were Chinese.

However the number of Chinese tourists dropped after the boat accident. As of November, tourist arrivals to Thailand had reached 34.43 million, up 7.53 per cent, generating an estimated Bt1.8 trillion in tourism revenue, up by 9.79 per cent, over the same period in 2017. China still led the list with the 10 millionth tourist arriving in the Kingdom last week.

Pakkanan said Chinese tourists have gradually started returning to Chiang Mai, thanks to new flights being added to the Beijing-Chiang Mai route, bringing the number of flights up to seven daily.

The TAT’s Beijing office reported that the trend of big tour groups has changed to small groups comprising six or seven travellers, she said.

“So, instead of mainly relying on Chinese tourists we have a mixed market,” the director said, suggesting that tour operators make adjustments and offer more tailor-made services to serve the changing behaviour of tourists.

The TAT has transformed its strategy by offering more digital information to facilitate the change in trends, she added. For instance, she said, individual travellers usually find information and routes by themselves through the Internet and decide where they should check in, so apart from distributing booklets, the Chiang Mai office is now also providing information via digital platforms and offering a QR code for people to download e-books.

 Pakkanan Winijchai

However, her office is facing challenges.

She said Thailand, as a popular destination, has seen an increasing number of repeat visitors, though the number of first-time visitors has dropped. The ratio of repeat tourists to first-timers stands at 70:30.

The challenge for her office now is to get more first-time visitors, she said.

But both types of visitors have pros and cons, she admitted.

Revisiting groups usually plan their own trips and do not need to rely on tour packages. They also tend to spend less, as they connect with locally based communities and eat local food. Still, she said, it’s good because they boost the income for the locals.

First-time visitors, on the other hand, tend to be big spenders as, never having visited the city before, they go to tourist attractions and dine at luxury restaurants, she said.

Pakkanan said there is an opportunity for Chiang Mai to overcome this challenge, as the city has been evolving, with more activities and new tourist attractions emerging all the time.

“Chiang Mai has become a major destination, because now there are direct flights from Europe to the city. So, we can promote it as a top destination, and design package tours for tourists to stay longer, or around four to five days, compared to the two days that people previously spent in Chiang Mai,” she said.

The TAT is also encouraging operators in Chiang Mai to design new routes and include new places following a government campaign to promote tourism in 55 secondary cities to boost local revenue. Those who spend on accommodation and food and drink at these secondary locations can claim tax deductions of up to Bt15,000.

Some Chiang Mai districts, including Chaiya Prakan, Fang and Mae Ai, have been categorised as second-tier cities.

“We are now promoting new routes combining Chiang Mai with second-tier cities such as Chaiya Prakan and Fang district as well as neighbouring provinces like Chiang Rai, Lampang and Lamphun,” Pakkanan said.

Tourists can depart from Chiang Mai, spend a night or two in the districts before heading to neighbouring provinces, she explained.

Pakkanan is also encouraging locals to visit the city during weekdays, so the city is not too overcrowded during the weekends. Those who opt for trips on working days will also receive benefits from the TAT and its partners.

TEDA inks agreement for station construction

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http://www.nationmultimedia.com/detail/Corporate/30361107

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TEDA inks agreement for station construction

Corporate December 26, 2018 01:00

By The Nation

A consortium has been formed to construct the Klong Dan Terminal Station under a Bt1.635 billion contract with the Metropolitan Electricity Authority (MEA) signed on December 21.

Samart Corporation Plc reported to the Stock Exchange of Thailand that a consortium, TEDA Co Ltd, had been formed between itself, Italthai Engineering Co Ltd and Sinohydro (Thailand) Co Ltd in the proportion of 43:37:20.