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Bangkok 7th World Most connected city to China

While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas.

Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to ‘China12: China’s Cities Go Global’, a new report from real estate consulting firm JLL.

The report analyses 12 mainland cities and their transformation into major hubs of innovation and global interaction. It also dives into the country’s emerging wave of influential corporates and the impact that this group of dynamic Chinese companies have beyond their domestic market.

“The China12 are home to a growing group of highly dynamic and ambitious new generation firms that will drive the next wave of globalisation,” says Jeremy Kelly, Director of Global Research, JLL.

“We’re already seeing a higher…

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Thailand’s New residential leasing law effective on May 1

Residential property leasing will now be deemed to be a contract-controlled business following publication in the Government Gazette last week.

The notification defines a “residential property leasing business” as a business that leases (or subleases) five units of property or more to individual lessees, for residential purposes, in exchange for a fee collected by the business operator, regardless of whether or not the units are in the same building.

Property is defined to include any accommodation, house, condominium unit, apartment, or other kind of residential property leased for residential purposes, excluding dormitories and hotels which are regulated separately.

Property consulting firm Jones Lang LaSalle (Thailand) Ltd (JLL) said that the new residential leasing law , effective on May 1, will make it more challenging for landlords to handle tenants who violate any of the agreed-upon terms and conditions of a binding contract.

The notificatio…
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Co-living trend in Asia fueled by Millennials and expensive house markets

Co-living, a term used to describe a living arrangement that is something more than shared space, in growing in Asia, especially in China and Hong Kong.

Typically, a co-living facility will offer tenants small rooms but also shared facilities such as a TV room or a gym.

There is also a social aspect; some facilities have a manager who will organise events. As well as convenience and community, co-living facilities also claim to offer cheaper rent than an individual apartment.

Hong Kong is seeing a growing number of co-living developments – unsurprisingly given its status as the world’s most expensive housing market.

Young workers face the prospect of living with their family until they can afford to buy a small flat; ‘small’ often means less than 200 square feet.

At present, some developments described as co-living are no more than upmarket dormitories for budget-conscious students, while others are just shared apartments with different b…

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