Thailand’s Strategic Property Investors to raise up to $115m via REIT

Strategic Property Investors Co Ltd (SPI), an independent REIT manager, has formed the Strategic Hospitality Extendable Freehold and Leasehold REIT (SHREIT) to raise up to 3.74 billion baht ($115 million) for operating three hotels in Indonesia and Vietnam.

The three hotels are Pullman Jakarta Central Park, Capri by Fraser in Indonesia and IBIS Saigon South in Vietnam, executive director James Lim told local media.

The total outlay of SHREIT will not exceed 5.42 billion baht ($166.2 million), raising from the subscription of trust units of a combined value of no more than 3.74 billion baht and the remaining 1.68 billion baht in loans from financial institutions.

Veena Lertnimitr, executive vice president, primary distribution, Siam Commercial Bank, said the estimated returns are in the range of 7.67 to 7.72 per cent annually as disclosed in the prospectus.

The subscription will be held in the middle of December and offered to business partners, p…

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Thai property developer Habitat plans to mobilise funds via IPO in 2019

Habitat Group, a Thai developer of premium property, plans to raise up to 1.5 billion baht ($46 million) in its initial public offering (IPO) scheduled for the second half of 2019.

The company will use most of the IPO proceeds to acquire more lands for new developments and nearly 20-30 per cent as working capital, Chanin Vanijwongse, CEO of Habitat Group, told DEALSTREETASIA.

Habitat Group has a registered capital of 181 million baht currently, which would be enhanced before the company looks to see nearly 20 to 25 per cent in the upcoming IPO, he added.

Vanijwongse stepped into real estate in 2004 as a personal investor before turning into a property developer by establishing Habitat Group in 2012.

Currently, Habitat has six ready-to-move and ongoing projects in Pattaya, which are designed for investments and managed for rental by professional hotel chains including X2 and Best Western.

“I chose to start developing the projects in Pattaya…

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Thai listed property developer Sansiri invests $80m in six global startups

Thai listed property developer Sansiri Pcl announced an investment of $80 million across six global technology and lifestyle companies as part of a bid to expand beyond real estate development and into the global market.

Of this, Sansiri will invest about $58 million in US-based boutique hotel chain Standard International and its mobile booking application, One Night. The Thai firm will hold a 35 per cent stake in the hospitality firm.  

The remaining include a $3.1-million stake in Tyler Brûlé’s lifestyle magazine Monocle; $6.6 million in London’s Airbnb management firm Hostmaker; $12 million in Southeast Asia’s co-working space JustCo; and $300,000 in a smart indoor farm technology firm Farmshelf, according to a Financial Times report.

Srettha Thavisin, president of Sansiri Pcl, said that the company’s investments will fo…

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Foreign investment hotspots in Asia Pacific

Cross-border real estate investment in the Asia Pacific region could achieve a record high this year as foreign investors shore up interest and seek assets in greener pastures beyond borders.

As it stands, year-to-date intra-regional cross-border transaction volumes have already exceeded the previous 10-year record high in 2015 (1Q15-3Q15) by 30 per cent, and is currently a 21.8 per cent step up from its 10-year average (2007-2016).

Singapore the main source of intra-regional capital

Chinese would be the largest group of foreign investors if inter-regional flows were part of the picture. But in the context of intra-regional capital flows (which only considers deployment within Asia Pacific), Singapore continues to dominate with year-to-date foreign investments currently standing at US$5.6 billion.

China (US$2.1 billion) and Hong Kong (US$2.9 billion) were ranked second and third respectively given a significant portion of capital are recycled between th…

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Why we need Greener buildings for healthier workers

When we think about green buildings, we are often interested in aspects like energy consumption and efficient energy usage to minimize the environmental impact.

While these are critical elements, we often overlook how green buildings also impact the health, wellbeing and productivity of their occupants.

If your workplace is in Thailand, especially in Bangkok, you will probably notice very poor management of air conditioned facilities with employees wearing a sweater of being sick.

Studies have linked air conditioning use to increased sickness in office workers and more frequent visits to ear, nose and throat specialists. 

While air conditioners cannot account for the lower humidity aspect of the cold-causing viruses, as the New York Times reports, air conditioners can dehydrate the mucous membranes of the nostrils, which could make the nose a more attractive environment for viral reproduction. So perhaps blasting your air conditioner can …

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Trust is More Important Than Love

Once we lose trust, relationship is impossible. We can compromise it, and stick around for the ride but the truth is, once trust is gone, love can't flow.

In business, as has been proven over and over, people can't be trusted. Leave an employee near an open computer and they'll connect to the internet and waste time. Accuse them and they'll scream like you just shot them in the foot. Interesting isn't it.

To be accused of untrustworthiness is one of the most sensitive insults you can hand another person. People can, and will, lie through their teeth about things that have breeched trust.

The Ancient laws of nature predict this clearly. They suggest that we have within us, 7 levels of mind. The lowest of these exists in everyone, as well as the highest. That lowest mind is a devil in disguise. And cannot be trusted, in anyone.

The lowest mind functions on instinct. Many people are living in this level of mind. We call it survival instinct but there's a…

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Real estate development

Real estate development, or property development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others. Developers are the coordinators of the activities, converting ideas on paper into real property. Real estate development is different from construction, although many developers also construct.

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Creating new landmarks using a mixed-use concept in Thailand

Large-scale and sophisticated mixed-use development projects in big cities, such as Singapore’s Marina Bay Sands, are becoming a hot trend in Thailand.

Mixed-use projects e.g. One Bangkok and ICON SIAM are a new type of property development in Thailand that comprising an ecosystem of housing, office, and shopping space. Furthermore, these projects are unique in design and can become new landmarks of Thailand.


EIC believes that large-scale mixed-use projects will raise competition in the property market because they can better respond to consumers’ and businesses’ need as well as generate greater investment returns. Instead of investing in traditional single-use development projects, developers are thus encouraged to seek business partners to develop large-scale mixed-use projects that are distinct and able to attract more consumers.


High returns on investment will prompt developers to consider large-scale mixed-use projects…

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Real estate

Real estate is “Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.

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