Thailand’s first CENTURY 21 franchise opens in Bangkok

The first Thai franchise of the world’s largest residential real-estate sales organisation, US-based CENTURY 21 International, has opened in Bangkok and expects sales of Bt3-4 billion in the first year of operations.

Kitisak Jampathip-phong, CEO of CENTURY 21 Realty Affiliates (Thailand), said his company would provide complete real-estate services, including sales, investment and management, both locally and internationally.

Siam Paragon Luxury Property Showcase 2009

For the third year running, Bangkok’s Siam Paragon shopping mall is hosting a luxury property showcase from today until May 24, in collaboration with three of the country’s biggest real estate agents: Nexus, Knight Frank and CBRE.

More than 40 of Thailand’s leading developers will have a presence at the fair, displaying high-end residential projects from across the country.

“Despite the shadow of the world recession and its across-the-board consequences, many opportunities for judicious investment still exist,” said Siam Paragon Development’s marketing boss Kriengsak Tantiphipop.

Property prices in Cambodia fall more than one-third, say realtors

CAMBODIA'S real estate market lost more than a third of its value in the first three months of 2009 compared with the same period last year, due to the impact of the global financial crisis, say real estate developers.

"According to our research, the real estate market dropped 40 percent in the first three months in 2009 if we compare the situation to the first three months in 2008," said Sung Bonna, CEO of Bonna Realty Group and president of the National Valuers' Association of Cambodia.

He said that land in Boeung Keng Kang I commune, worth between US$2,500 and $2,800 per square metre during the first quarter of 2008, had fallen to between $1,600 and $2,000 in the same period this year.

Few Skirmishes for Phuket Property: US Report

Author Alex Frew McMillan visited the island and talked to key people, including Gulu Lalvani of the Royal Phuket Marina.

McMillan was told there have been no property sales at RPM since Lunar New Year, in late January.

''People are not in the mood to buy second homes,'' said Mr Lalvani, whose own Grand Villa covers 1900 square metres at the entrance to the marina, with space for three yachts in front of an expanse of lawn.

Even more to the point is Larry Cunningham, chief executive of Phuket One Real Estate, who told McMillan: ''The market is not slow in Phuket; it is dead. It is absolutely dead.''