James Pitchon is an Executive Director of CBRE Thailand. He has been responsible for the co-ordination of more than 1,000 multi-national corporation property transactions in Thailand over the last nineteen years. He is also a board director of CBRE Vietnam, CBRE Cambodia and the BCCT. He is a Member of the Royal Institution of Chartered Surveyors (MRICS).
Bangkok office rents have seen little change since 2009, but are now starting to rise and have topped the last peak which was 20 years ago. Park Ventures, the recently completed Grade-A eco office building on the corner of Wireless Road and Ploenchit with direct access to the BTS, is now achieving rents of over [...]
Hong Kong has the highest office rents in Asia, according to the latest CB Richard Ellis (CBRE) Asia Pacific Office Marketview. Central Business District (CBD) office rents in Hong Kong are about THB 5,000 per square metre per month, compared to THB 680 per square metre per month in Bangkok. Tokyo is in second position [...]
International passenger arrivals to Bangkok Airports increased by 7% in August and international arrivals to Phuket increased by 40% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for August 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,259,584 in August 2010 compared to 1,177,333 [...]
International passenger arrivals to Bangkok Airports increased by 13% in July and international arrivals to Phuket increased by 42% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for July 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi airport were 1,328,131 in July 2010 compared to 1,171,857 in July 2009, [...]
Published in the August/September 2010 Edition of The Brief, the Magazine of the British Chamber of Commerce in Thailand We are already half way through 2010 and already it has proved to be a memorable year, albeit for negatives reasons with the April-May anti-government protests in Bangkok. With the protests effectively closing down key areas [...]
International passenger arrivals to Bangkok Airports increased by 2% in June and International arrivals to Phuket increased by 47%. The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for June 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi airport were 1,013,782 in June 2010 compared to 994,205 in June 2009, [...]
Thai property developers are starting to look at overseas markets for new opportunities because of the intense competition in the Thai market, according to international property consultants CB Richard Ellis (CBRE). The first target markets are Vietnam and Cambodia because of their proximity, level of development and the local competition is not as well developed [...]
There has been a dramatic impact on tourist arrivals from the events in April and May 2010. We are still confident that arrival numbers will recover the question how long will this take. We have taken the Airports of Thailand International Public Company Limited (AOT) passenger disembarkation numbers for The whole of Thailand (All airports [...]
Published on Bangkok Post dated 20 June 2010 By Nina Suebsukcharoen The full consequences of the May political unrest have yet to be felt, but the demand for residences, offices and industrial properties in Bangkok just refuses to go away It is still too early to assess the impact of the two months of civil [...]
International passenger arrivals to Bangkok Airports decreased by 8% in May and International arrivals to Phuket increased by 62% The Airports of Thailand Public Company Limited has announced the air transport statistics for May 2010. “The results are not as bad as many expected with Bangkok’s international disembarkations only down 8% on May 2009 while [...]
The Bus Rapid Transit (BRT), operated by the Traffic and Transportation Department of the Bangkok Metropolitan Administration, has begun running along the first route from the Chong Nonsi BTS station to the Ratchada-Ratchapreuk intersection in Thonburi. The 16.5 kilometer route comprises of 12 stations with a designated lane for the buses. From our observations, the [...]
Thailand’s cabinet approved on May 25th a one month extension of the reduced house transfer and mortgage registration fees until the end of June 2010. Transfer fees will remain reduced from 2% to 0.01% and mortgage registration fees from 1% to 0.01%. This will reduce costs for the sale of completed property but will have [...]
International passenger arrivals to Bangkok airports decreased by 0.6% in April while international arrivals to Phuket increased by 41.4% According to statistics collected by CB Richard Ellis from Airports of Thailand Public Company Limited (AOT), the total number of disembarking international passengers at all AOT managed airports in April 2010 was 1,318,606 compared to 1,286,119 [...]
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