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.
Read the rest of Real estate development on Thailand Business NewsCreating 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.
Highlight 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…
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.
Read the rest of Real estate on Thailand Business NewsCareers of Highly Sensitive People
Highly sensitive persons (HSP's) are unique individuals who have different work traits and characteristics from the rest of workers. These people react readily to any stimulation which others may find as annoying or undesirable. However, these people actually have an edge at the work place because of their special traits.
Highly sensitive people are known to be intelligent and high achievers. They do not settle for less and do not like being forced to do so. They dislike almost any kind of pressure from other stimuli, but works excellently when left alone. They are loyal workers if they are understood and accepted as they are.
You can find people like these in whatever type of industry but there are specific work conditions that they find appealing and comfortable. Actually they can be effective workers in almost all work area but since there are some of them that lack the confidence and courage to speak up, there are variety of jobs that are not recommended.
…Shanghai to expand global presence for real estate investment
Among Asian cities, Shanghai, the commercial and financial centre of China, is on track to become part of the “Big Seven” group of Established World Cities before the end of the decade.
That’s according to JLL’s Director for Global Research, Jeremy Kelly, who says that Shanghai’s fast-track momentum is supported by massive infrastructure investment, increasing global connectivity, improving transparency and a shift into high-value activities.
Shanghai’s rise up the real estate investment ranking has also been spectacular.
“Real estate transaction volumes have increased more than ten-fold over the past decade, testimony to a city that is fast-tracking to maturity,” says Kelly, explaining that direct commercial real estate investment volumes in the city grew from US$1.4 billion in 2006 to US$15 billion by 2016. The city’s current real estate investment intensity is due to the very high volumes of domestic capital chasing assets, he explains.
Betwee…
Private equity real estate debt funds growing in Asia Pacific
Private equity real estate debt funds in Asia Pacific are aiming to achieve a record volume of capital raised in 2017, with more funds actively in the market than any other year on record.
Funds whose primary strategy is debt investment are aiming to raise over US$2.5 billion in 2017, across 14 separate managers – more than double the target for 2016 vintage funds. In addition to this, there are a further 11 funds in the market targeting nearly US$10 billion that have debt strategies listed as a potential investment alongside other equity-based strategies.
Figure 1: PERE debt capital raising 2010-2017
Source: Preqin, JLL
Much of the focus from these primary debt funds is on India and Australia, with funds targeting those markets accounting for 86 per cent of capital raised or targeted between 2015-2017 (YTD). Most fund managers are domestically-based and are raising capital in local currency, however some of the larger India funds raise in USD. Read more
Thailand’s TICON to launch 32 billion baht ($964 million) REIT
Thailand’s Ticon Industrial Connection Plc (TICON) plans to convert three of its property funds into the country’s largest real estate investment trust (REIT) with total combined asset of 32 billion baht ($964 million).
The three property funds are Ticon Property Fund, Ticon Park Logistics Fund and Ticon Industrial Growth Fund. The merger comes amidst the Securities and Exchange Commission regulation that disallows property funds from raising further capital in a move seen to promote REITS.
TICON unveiled plans to convert three property funds – TFUND, TLOGIS, TGROWTH into TREIT by fixing a swap ratio at rate of 1 investment units of funds to 0.9874 / 1.0129 / 0.8673 trust units of TREIT, accompanied by a cash of 1.6977 / 1.7415 / 1.4911 baht per unit respectively. Therefore, the funds/trust unitholders’ meeting will be held during 18-19 October.
The group is confident that the move will surely bolster unitholders’ benefi…
Japan’s logistics market sees increased supply in 2018
Japan’s logistics real estate market may see some price softening next year as new supply outpaces demand, opening up potential opportunities for new investors to enter the market.
As J-REITS and non-listed core capital from institutions such as Deutsche Bank and Morgan Stanley see opportunities in Japanese logistics amid ultra-low interest rates, the market could potentially soften in 2018, according to Pelham Higgins, from JLL’s Industrial Capital Markets team in Tokyo.
The logistics focused J-REIT Japanese Logistics Fund (JLF) recently acquired two assets—the Yokohama Machida Logistics Centre and the Takatsuki Logistics Centre—amounting to US$246 million (JPY 27 billion). These new acquisitions took the total value of JLF’s portfolio to US$2.44 billion (JPY 268 billion).
“The Yokohama Machida Logistics Centre deal was concluded at a sub-4 percent NOI (net operating income) capitalisation rate (cap rate), and it’s not the only one that has recently t…
One Belt One Net : SG Tycoon to Invest $5B to Build Data Centre Empire
Leading today’s news, one of Singapore’s richest men is going big on data, or at least on the buildings that house it, while Australia picks up 4.6 billion baht by selling its Bangkok embassy site to a local developer.
Also in the headlines, Evergrande’s chairman turned his company’s debt-fueled expansion into a spot as China’s richest man – for a few hours. Read on for all these stories and more.
SG Tycoon Investing $5B to Build Data Centre EmpireTycoon Oei Hong Leong is investing US$5 billion (S$6.73 billion) to set up a new company, named One Belt One Net, that will build data centres.
As the name implies, Mr Oei envisions the business as a way to complement China’s One Belt One Road initiative, a massive project to ignite growth in the countries along the ancient Silk Road. Read more>>
HNA Says It Has “Sufficient Capital for HK$27B in Kai Tak ProjectsHNA Group, the Chinese conglomerate that spent HK$27.2 billion (US$3.5 billion) for …