Real Estate on the Rise

WHILE U.S INVESTORS are reeling from subprime-lending woes, a different housing scenario is playing in ex-Japan Asia: Residential-property prices and real-estate stocks are skyrocketing. Officials in Singapore, Taiwan, South Korea and China have warned of bubble-like valuations in urban housing. And if a global economic slump forces central banks to cut rates further, surging real-estate prices are likely to go much higher before taking a breather.

That's good news for Asian housing shares. Despite a recent pullback, real-estate stocks are up on average 50% in Hong Kong this year, 60% to 70% in India and China, more than 30% in Malaysia, the Philippines, Thailand and Indonesia, and about 20% in Singapore. Only in Japan have real-estate shares retreated.

ThaiLiving Real Estate Agent Grand Opening

On Sunday Evening, the grand opening took place for a new Real Estate Company. Thailiving is located at The Chateau on the Thappraya Road in Jomtien and is owned by Peter and Mattias Persson from Sweden. They offer a full range of Condo’s and Houses for sale and rent and are also agents for a number of high profile developments in the Pattaya and Jomtien areas. If you would like more information on the services offered by Thailiving, please call 038 364 514 or log on to www.thailiving.net

Pattaya targets CIS investors

This fast developing resort city is making all out efforts to attract tourists and potential investors from Russia and other CIS (Commonwealth of Independent States) countries. Indicative of the new pro-active stance being adopted by both government and real estate agencies in Pattaya, October saw members of the Pattaya City Council and the Tourism Authority of Thailand attending Moscow’s “Leisure 2007” Show.

Phuket companies score at property awards

BANGKOK: Phuket-based property companies took home four of 13 awards at the 2007 Thailand Property Awards, held in Bangkok December 1.

The Yamu was awarded the Best Resort Villa Development prize, Royal Phuket Marina won in the Best Resort Condo Development category, while the Lighthouse Club Green Development Award went to West Sands in Mai Khao. Siam Real Estate was awarded the Best Agent Website prize for www.siamrealestate.com

All of the remaining awards, aside from two that went to Samui-based properties, went to companies based in Bangkok.

Thai Asian Property, S'pore Pacific Star in jv

Thailand's Asian Property Development AP.BK said on Thursday it had formed two joint ventures with Singapore's Pacific Star Group to build two condominiums worth a combined 6 billion baht ($177 million).

Building of the two projects in Bangkok's central business area was expected to start in the middle of 2008, the Thai firm said in a statement.