• 29Jul

    Bangkok has known as the land of gracious smiles. There are enormous and marvelous things that will open your eyes when you step into Thailand. Bangkok attracts a high number of visitors from all over the world. There are plenty of travel destinations that make Bangkok become the best popular city for traveling. A variety of Bangkok attractions will bring travelers enjoyable and unforgettable time during their holiday in this charming city.

    Bangkok Highlight Attractions

    Siam Center is the heart of shopping malls, banks, restaurants and many conveniences. Childlom, Silom and Sukumvit are the modern downtown districts in Bangkok. Traveling in the Bangkok city center will be easier by sky train (BTS) and subway (MRT). It’s more convenient than traveling by car or taxi and being stuck in a traffic jam. Chidlom district is the investment and financial area. You will see various luxury hotels, condominiums, department stores, and convenient shops. If you would like to see Thai art and architecture, do not forget to visit Grand palace, Victory Monument, Golden Mountain, Vimanmek Mansion and more places.

    Most travelers desire to stay in the city center because it’s comfortable and fast to reach travel destinations by sky train and subway. Buying Condominium in Thailand for Investment

    Bangkok is one of the biggest cities in the world that attracts foreigners to invest in many fields of industry. However, buying a Bangkok condominium for sale is one of the best choices for investment in Thailand. Chidlom, Sukhumvit and Silom are the golden areas that offer luxurious accommodations such as executive apartments, superior condominiums, fabulous hotel rooms, etc. If you desire to buy a condominium in Bangkok for sale or living, I would recommend these areas or somewhere that near BTS or MRT. It will be comfortable and easy to transport.

    The Park Residence – Superior Condo on Chidlom Are thinking about buying Thailand condominium? The Park Residence on Chidlom is the luxury condo in Bangkok that provides Bangkok condo on Chidlom Road. The Park residence is located in the midst of a financial center and all conveniences such as shopping malls, banks, restaurants and mini marts. The Park Residence is suitable for the one who seek for a superior condo with privacy life in downtown. This luxury Bangkok condominium is delicate architectural designs with the harmony of nature. The property offers fully furnished and quality facilities in the heart of the capital city of Thailand. Let’s see The Park Residence on Chidlom.

    The Park Residence: Thailand Condominium

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  • 14Nov

    KTAM Aims to Become Thailand’s Leading Property Fund,Increasing Assets Under Management to 11.3 Billion

    The Bangkok Post reported on Thursday, 22 February that real estate investment in Thailand soared by 81.8 percent to $2 billion (1.3 billion)in 2012, nearly double the $1.1 billion (720 million) in 2011, as property funds markedly increased their investment activity.

    According to property consultant DTZ, Thailand’s real estate market was boosted by the listing of major property funds and a high number of acquisitions, particularly in the office and hotel sectors. Some $1.1 billion (720 million), or 55 percent of total real estate investment, came from transactions by real estate funds or public funds for public offerings (PFPOs).

    Investment activity received a major boost from the listing of Tesco Lotus Retail Growth Freehold and Leasehold (TLGF) in the beginning of January 2012, which proved to bethe largest property fund listing for the year. The $594-million (389 million) fund purchased 17 Tesco Lotus shopping malls in prime locations across Thailand in a deal which by itself exceeded half of the real estate investments in the country in 2011.

    Other notable property fund investments in 2012 included the purchase during the first quarter of three serviced apartment complexesand residences for $106 million (69 million) by the listed Land and Houses Freehold and Leasehold Property Fund (LHPF). Additionally, the Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) bought three Centre Point serviced apartments in the third quarter, for some $107 million (70 million).

    KTAM Eyes Real Estate Market

    Krung Thai Asset Management (KTAM) has the ambition to lead the market in property funds and,more specifically, to increase its assets under management by 20 percent in 2013 to 516 billion baht (11.3 billion), said chief executive officer Somchai Boonnamsiri, citing the positive overall investment climate.

    The Bangkok Post reports that Thai billionaire Charoen Sirivadhanabhakdi plans to raise funds through the funds managed by KTAM, with the subsequent capital increase being dedicated to turning KTAM into the global leader of this type of fund.

    KTAM is considering entering new markets including Mexico, Brazil and some European countries. Annualised return for short-term investments in these regions is forecast at 3.5 percent or about one percent higher than returns in the Thai domestic market.

    The Thai fund intends to boost the capital of property funds under the direction Sirivadhanabhakdi’s TCC group to as high as 50 billion baht (1.1 billion) this year. The fund also plans to launch ETFs on the Stock Exchange of Thailand in sectors such as food, energy, ICT and the commercial sector.

    2013 will be the last year in which Thailand’s Securities and Exchange Commission will allow investments in what has been known as property type 1, with introduction a new type of property fund, the internationally recognised real estate investment trust, set to replace the old structure.

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