by kevinyeo | Apr 22, 2018 | News
Thailand has entered into a strategic partnership with Alibaba to drive the development of Thailand’s digital economy and the Eastern Economic Corridor under the Thailand 4.0 policy.
Under this partnership, agencies of the Thai government and business units of Alibaba will work closely in a number of areas, including e-commerce, digital logistics, tourism, and training.
The partnership represents the strengthening of collaboration between the Alibaba Group and the Thai government following the signing of a letter of intent in 2016, a move that kick-started a series of joint efforts to bolster the capacity of Thai entrepreneurs in gaining access to new markets and taking advantage of digital innovations.
Deputy Prime Minister Somkid Jatusripitak said that the strategic cooperation with Alibaba would bring benefits to Thai small and medium enterprises and farmers as well as to the tourism industry while pushing forward digital economic development in Thailand.
Jack Ma, executive chairman and co-founder of Alibaba Group, said that China is on its way to becoming the world’s largest consumer market, driven by rising income and a growing middle class that now numbers 300 million.
There is no better time than now for trade-oriented countries to seize the opportunity to export to China, as the country continues to open its doors wider to global trade, Ma said. Quality Thai agricultural products such as fragrant rice, durian, and other tropical fruit are particularly sought after by the Chinese consumer.
Key initiatives:
First, the establishment of a Smart Digital Hub in the Easter Economic Corridor (EEC) to support cross-border trade with China and other markets.
Alibaba’s smart digital logistics business, Cainiao Network, will establish a Smart Digital Hub in the EEC. The hub will utilize Alibaba and Cainiao’s data and logistics technologies and processes to optimize the cross-border flow of goods between Thailand and China, as well as with other markets. Cainiao will also work closely with the EEC Office and Thailand Customs to promote the digitization of customs processes through technologies such as “big data” and artificial intelligence, as well as sharing global best practices. The Smart Digital Hub will be an open platform enabled to provide services to all players in Thailand’s digital economy.
The Smart Digital Hub is expected to be built starting this year, with operations expected to commence in 2019.
Second, equipping SMEs with e-commerce skills.
Alibaba Group said it would continue its efforts to connect Thai SMEs to Alibaba’s 500 million active users in the Chinese e-commerce market. Other global e-commerce opportunities will roll out through a partnership between the Thai Ministry of Industry’s Department of Industrial Promotion (DIP), the Thai Commerce Ministry’s Department of International Trade Promotion (DITP) and the Alibaba Business School – an accredited university founded by Alibaba Group and Hangzhou Normal University.
Under this training collaboration, SMEs across Thailand, including SMEs in rural areas and individual entrepreneurs, would have the opportunity to gain e-commerce knowledge and skills to start e-businesses and leverage the Internet to develop their business online.
Third, training Thai digital talent.
Under the collaboration with DIP and DITP, the Alibaba Group also plans to develop Thai talent for the digital economy era.
The Alibaba Business School would work with both government departments to develop and update effective strategies for talent development in Thailand, while also providing students and academics from this country with opportunities to take part in various academic exchanges and courses offered by the business school in Hangzhou, China. Resources and expertise from the Alibaba Business School would also be made available to the DIP and DITP for localization and further use in Thailand.
Fourth, cooperating in developing “smart” and digital tourism.
The Tourism Authority of Thailand will expand cooperation with Alibaba’s online travel business, Fliggy, which is one of China’s leading online travel service providers.
The cooperation will focus on support for smart and digital tourism in Thailand.
As an official strategic partner of TAT, Fliggy will work with the body to offer smart technological experiences at multiple facilities and tourist attractions across Thailand for the convenience of visitors – ranging from online tour guides to electronic ticketing systems.
Fliggy and Ant Financial, Alibaba Group’s affiliate and operator of Alipay, are also in active discussions with various related government agencies to drive a digital transformation of Thai tourism. The holistic change would start from applications for pre-departure visas and “visas on arrival”, through to payment of post-travel digital services and the tourist tax refund via the Alipay system. It is expected that the strong collaboration between Alibaba Group and Thai government will help attract more Chinese travelers to Thailand and increase the nation’s tourism income.
Fifth, creating an official Thai rice flagship store on Tmall.
Alibaba and the Thai Commerce Ministry have together launched the first official Thai rice flagship store on Tmall, the world’s largest third-party platform for brands and retailers.
Alibaba will also help drive the sale of popular Thai fruit, such as durian, into China. Alibaba and the ministry will work together to drive the growth of Thai rice and other agricultural product exports to build an area of strength in the Thai economy and position Thailand globally. Alibaba will also assist Thai agricultural businesses to harness the power of Alibaba’s unique insights into the Chinese consumer market.
source: http://www.nationmultimedia.com/detail/Startup_and_IT/30343690
by kevinyeo | Apr 12, 2018 | Reviews
Prime Location – Checked
Next to MRT – Checked
Attractive Price Point – Checked
If you are looking for a property in Bangkok that meets the above requirements, look no further than Siamese Exclusive Queens.
Siamese Exclusive Queens is developed by Siamese Asset. A leading Thai developer.
(Read: An Introduction to Siamese Asset Co Ltd)
This development is merely 50 meters away from Queen Sirikit National Convention Center MRT. From there, you are only 1 MRT stop away from prime Asoke area. To top it off, Siamese Exclusive Queens represent great value for the investors. Price is starting only from about THB193,000 per square meter. Developments further away have already crossed the THB 200,000psm mark.
Siamese Exclusive Queens Facts
Project name: Siamese Exclusive Queens
Project owner: Siamese Queens Co., Ltd.
Location: Rama IV Road, Khlong Toei, Bangkok
Project area: 2-0-44 Rai
Project completed: End of 2019
No. of building and units: High-rise Building about 331 units, 33 Storey with 3 Basement
Parking Building (Automatic), 12 Storey with 6 Basement
No. of parking: 230 lots
Type of units: 1 bedroom 34-58 Sq.m.
2 bedroom 76-102 Sq.m.
3 bedroom 131-133 Sq.m.
Penthouse 154 sq.m.
Facilities: Lobby, Fitness room, Swimming pool, Sauna, Garden
The Location
To many who bought, the greatest attraction has to be the fact that you are only 50 meters away from Queen Sirikit National Convention Center MRT. From there, you are 1 stop away from Asoke, one of the most crowded and busiest areas of Bangkok: shopping venues, notable office buildings, five-star hotels can be found easily, let alone interchange point between BTS Green Line and MRT Blueline.
Another reason people will love to stay here is that of the nearby Benjikit Park. A large green area for people to exercise and relax. This is only about 400 meters away from Siamese Exclusive Queens.
The south of the development is accessible to Rama IV road, a major artery road that leads to the Sathorn-Silom area, Bangkok’s central business district. Not too far away along Rama IV road, there are already existing office towers such as FYI CENTER and Maleenont Tower and Sirinat Building.
Department Stores
Tesco Lotus – Rama IV Road, 1.2 km. away
Terminal 21 – Asoke, 1.8 km. away
The EM District – BTS Phrom Phong, 2 km. away
Rain Hill – Sukhumvit 47, 2.9 km. away
Hospitals
Theptarin Hospital – Rama IV Road, 2.6 km. away
Rutnin Eye Hospital – Rama IV Road, 2.7 km. away
Bamrungrad International Hospital – Soi Sukhumvit 3, 3.3 km. away
Kluynamthai Hospital – Rama IV Road, 3.7 km. away
Samitivej Sukhumvit Hospital – Soi Sukhumvit 49, 3.8 km. away
Educational Institutions
Sainamoeung School – Soi Sukhumvit 22, 2 km. away
Prasarnmit Demonstration School – Soi Prasarnmit, 2.6 km. away
Anglo Singapore International School – Soi Sawasdee, 4.3 km. away
Srinakharinwirot University – Soi Prasarnmit, 2.6 km. away
Bangkok University – Kluaynamthai Road, 3.3 km. away
If you refer to the picture above, just right across the road there is a new mega-project that is coming up called The Parq.
TCC Assets has launched The Parq near Queen Sirikit National Convention Center (QSNCC) as it looks to establish this area of Bangkok as a key commercial district. The development will cost THB20 billion to build and have office space, retail zones, restaurants, and a hospitality component, according to media reports.
Construction on the project has already started with the development’s 1st phase, which will have office and retail space, expected to open in the 2nd half of 2019. Work on the entire project should be finished by 2023. The 2nd phase will also have premium office space as well as a hospitality zone that will be designed for business people and anyone going to conventions and conferences at QSNCC.
The Development
The developer Siamese Asset has meant for Siamese Queens Exclusive to be a flagship luxury development. For a 33 storey building, there are only 331 units. This is considered low density, which is highly desirable.
The View
All 2-bedrooms will be corner units. South units will enjoy Chao Phraya River and Bangkrachao view, North and West units will enjoy Benjakitti Park and Lumphini Park view, and East units a view of distant skyscrapers. The only potential blockage would be to the northeast where Monterey Place is. (25 storey building).
The Facilities
All facilities are located on the top floor which offers visitors a 360-degree view of the famed Bangkok’s city skyline.
Units Layout
Siamese Asset uses quality finishing for Siamese Exclusive Queens in order for it to be worthy of its stature in this prime location.
Stepping in, the dining area leads to the living room with ceiling exposed to 2.70 meters height. The entire floor is laid with Engineered wood.
We visited the showflat so investors can see for themselves how the place looks like. You can click here to see the actual unit walkthrough.
Comparative Market Analysis
There are really no worthy new developments that come close within walking distance of Queen Sirikit Center MRT. For comparison sake, let us just broaden our radius and look at the recently launched developments.
| Project |
Number of Units |
Average Price (Baht / Sq Meter) |
Completion Date |
| Siamese Exclusive Queens |
331 |
189,000 |
End 2019 |
| Ideo Mobi Rama IV |
486 |
258,000 |
2020 |
| Park 24 (1st Phase) |
833 |
218,000 |
2018 |
Conclusion
As a property for own stay, Siamese Exclusive Queens offers unparalleled convenience. The development is built with the end-user in mind, giving you quality finishes and functional layouts.
For the very same reasons, this property will be ideal for investors seeking rental returns. Your tenants’ demographics are likely to be multinational. Japanese, Westerners, Thais etc. People who are working in the CBD, Asoke, Rama IV or Rama 9 will find it easy coming home to Siamese Exclusive Queens.
For such a prime location and to get in at about THB200,000 psm, choices are few and far in between. This is probably one of few last luxury high rise condo you could own at this prestigious location.
Sales have been brisk and there are limited units left for foreign quota. Based on balance units available, prices start from about 7.5MB.
If you would like to find out more, you may visit Siamese Exclusive Queens Official Developer Sales Website to download the floor plans, brochure, and price list.
by kevinyeo | Mar 26, 2018 | Questions and Answers
This is our very first vlog doing questions and answers. We have been receiving many questions from investors with regards to investing in Bangkok condo properties. So we have decided to record videos to answer these common questions so that everyone else can benefit too.
You can watch the video above or read the following on the questions we have answered in this video.
Question: Why Is Bangkok A Good Investment?
Answer:
We often have people asking us why only Bangkok? How about other places like Phuket or Hua Hin?
We strongly advocate Bangkok is mainly because of its location. Bangkok is strategically positioned in the middle of South East Asia. With China embarking on the One Belt One Road policy, there will be a high-speed rail that connects Bangkok to China. This is certainly a big draw for investors around the region, especially the Chinese to start putting monies into Bangkok properties and businesses.
Bangkok has a ready infrastructure. They have a very extensive rail system and there are existing plans by the government to further expand this rail network. The number of stations is expected to double by 2030.
With 2 international airports, Bangkok is one of the most well-traveled cities in the world.
The Thai government is also very welcoming of foreign investments.
That is the main reason why we rate Bangkok as 1 of the best places to invest in compared to the surrounding countries.
The reason why we do not advocate places like Phuket and Hua Hin is that of investors not really having a clear exit strategy. We have personally witness clients who have bought Bangkok properties and offloaded them to another buyer. We have also clients who are already landlords, collecting rent from their Bangkok properties.
We have had many clients who have successfully sold their Bangkok condo investments and made a profit from doing so. There is truly an active resale market in Bangkok.
That is also of course subjected to you making the correct investment decisions and getting a property in the right locations in Bangkok.
Question: Can Foreigners Buy Property Legally In Bangkok?
Answer:
Yes, you can. The title will be in your name. But do take note that foreigners are only allowed to buy condominiums. And out of the total floor area, foreign ownership can only go up to 49% in a single development.
Question: Where Is A Good Place To Purchase Property In Bangkok?
Answer:
To get an investment property in Bangkok, always start with the core central region of Bangkok. These are places like Silom, Ploenchit, Sathorn.
Thonglor and Ekkamai are also popular residential areas, especially with the Japanese.
Some of you may also like to consider growth areas such as Bang Sue, where the high-speed rail terminal will be, as well as Rama 9, the upcoming new CBD of Bangkok.
Question: Is It Difficult To Sell My Property In Bangkok?
Answer:
Generally, it is not difficult to sell your property in Bangkok. You just have to approach the resale agents in Bangkok to help you sell your property. There are many different real estate agencies in Bangkok that you can approach.
Alternatively, you can also come to us, we will help our clients to do after sales and property management if they require assistance.
Question: Who Are My Tenants?
Answer:
It very much depends on where you purchase your Bangkok property. For example, if you like to target the Japanese expatriates, then you should be considering property in Thonglor and Ekkamai.
Places like Silom, Sathorn, Chitlom, and Ploenchit will have access to the embassies and the grade A offices in the vicinity.
For places like Rama 9, you may be getting more white collared Thai workers who are working in the area.
Question: Do You Also Market Other Countries’ Properties?
Answer:
We are also licensed real estate salespersons in Singapore. We have been in the market for more than 10 years. We do have a portal for Singapore property as well. https://www.lovelyhomes.com.sg/
Got a question for us? Email us at [email protected] or you can leave us a comment on the video!
by kevinyeo | Mar 25, 2018 | News
By 2025, nearly bt700 bn would be invested in projects close to the CBD
The changing lifestyle of city folk is making them buy residential property close to their place of work, which has inspired property developers to invest more in mixed-use projects in Bangkok’s central business district (CBD).
Developers are investing more than Bt581.5 billion from this year until 2025.
Mixed-use projects combine residential, hospitality, office and retail space in the same area.
According to a survey by The Nation, the TCC Group owned by tycoon Charoen Sirivadhanabhakdi is investing Bt153.5 billion over the next seven years in developing three mixed-use projects in Bangkok’s CBD area.
The first project is One Bangkok, located on Rama IV, Wireless Road over 104 rai of land. The project will have an office block with combined office space of 500,000 square meters, 1,000 rooms in a luxury hotel, retail space, and three ultraluxury condominium buildings. Planners expect 60,000 people to use the entire complex.
The next project is PARQ, worth Bt20 billion and located on 24 rai, close to the Queen Sirikit National Convention Centre on Rama IV Ratchadaphisek Road, opposite the FYI Centre, which is also owned by TCC Group. This project will have offices, retail and hotel buildings in a total development of 320,000 square meters.
The third TCC project is the Samyan Mitrtown complex, worth Bt8.5 billion, which is being developed by its subsidiary Golden Land Property Development Plc.
This project is located on 13 rai on Phya Thai Rama IV Road. The project will have offices, serviced apartments, and condominiums in a total area of 220,000 square meters.
Magnolia Quality Development Corporation (MQDC), in which the Chearavanot family that owns CP Group, are major stakeholders, is another property firm going for mixed-use projects in Bangkok – on its own and as a joint venture. Its three projects are worth a combined Bt170 million.
The first project is Forestias, over 300 rai at Bang NaTrad Road KM7.
The Bt90billion project will have residential, retail, office, health center, innovative building center and a green area.
Another project is IconSiam over 50 rai on Charoen Nakhon Road. This project, being develฌoped as a joint venture with Siam Piwat and CP Group, has retail, office, residential, and hotel buildings.
MQDC is also coming up with Whizdom 101, worth Bt30 billion, located on Sukhumvit Soi 101. The project over 43 rai combines a condominium, community mall, offices and a sports club.
Other property developers have also announced plans to develop mixed-use projects on land near the CBD in keeping with changing customer preferences.
For instance, Supalai Plc plans to develop on land where the Australian Embassy was previousฌly situated on Sathon Road, a mixed-use project. The Supalai Icon, worth Bt20 billion, will combine condominium, office, and retail complex.
Origin Property Plc also plans to develop three mixed-use projects worth a combined Bt70 billion at three locations –Phya Thai, Thonglor, and Phrom Phong.
“When you drive a car on Rama IV towards Sathon Road, you will see more construction of mixed-use projects, with more than half of them being owned by beverage tycoon Charoen Sirivadhanabhakdi.
This change in business model over the next decade in Bangkok’s CBD for mixed-use projects is due to change in customer behavior change and the rising price of land, which makes it difficult for develฌopers to only build condominium projects,” said Thai Condominium Association president Prasert Taedullayasatit. Prasert is also the chief executive officer of Pruksa Real Estate Plc.
He added that a number of mixed-use projects would be developed in Bangkok until 2025, worth more than Bt700 billion. Their location close to the CBD area will result in people moving from outer areas to live close to their place of work. Property developers are developing small size residential units close to the mass transit system.
Origin Property Plc’s chief executive officer Peerapong Jaroon-Ek said the company had decided to develop three mixed-use projects from this year until 2025 to cater to the needs of customers, who are seeking one space for all their activities. The mixed-use concept will answer all their lifestyle needs, he said.
However, he said the location most suited for mixed-use projects are located in the CBD, challenging the customers to buy them, he said.
BTS Group Holdings Plc is also interested in developing a mixed-use project over 7 rai on Phya Thai Road, located close to BTS Phya Thai station.
The office and hotel project worth Bt10 billion will be announced this year. The project will be developed by its subsidiary U City Plc, the company’s chairman Keeree Kanjanapas said recently.
U City also plans to develop the Roi chak Sam building over 5 rai on Charoen Krung Road, a mixed use project which includes a hotel, food court, and retail. Details will be finalized in 2019, he said.
“When all mixed-use projects in Bangkok are completed in 2025, it will change Bangkok’s CBD landscape into a work and lifestyle destination,” Prasert said.
source: http://www.nationmultimedia.com/detail/Real_Estate/30341200
by kevinyeo | Mar 21, 2018 | Reviews
If we were to talk about the fastest growing property developers in the past five years, Siamese Asset Co Ltd. must be included in this list.
Siamese Asset Co Ltd is a Bangkok based developer which were formed in 2010, with their motto, “Asset of Life”.
The company has a proven track record of successful and internationally-acclaimed projects.
Siamese Asset’s outstanding success has come from a combination of factors, including the attractive designs of its projects, good locations, quality of construction, quality maintenance, and most of all, pricing, which is 15-20 percent lower than that of the company’s competitors on the same quality level. These factors will allow buyers to realize high capital gains and high rental yields or easily resell their properties with potentially high profits, the things that most foreign investors are looking for.
Foreign investors can rest assured with Siamese Asset’s property projects as many of them have achieved international awards including the World Architecture Award 2013, reflecting the company’s commitment to quality.
They also have after-sales service. Siamese Hospitality provides hotel room serviced apartments and Siamese Property Service, which helps to manage rented rooms for customers who buy for investment.
The company plans to launch an IPO on the stock market over the next two years.
Some of Siamese Asset notable developments of late:
Siamese Exclusive Queens. A luxury development situated just 50 meters away from Queen Sirikit National Convention Center MRT.
Siamese Exclusive Sukhumvit 87. Located at the ever increasingly popular On Nut, with European style loft units. (As I am writing this article, Siamese Exclusive Sukhumvit 87 has yet to be launched but is already receiving a large amount of interest.)
For more information, visit Siamese Asset Official Site.
