James Pitchon is an Executive Director of CB Richard Ellis (Thailand) Co., Ltd. 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 CB Richard Ellis (Vietnam) Company Limited, CB Richard Ellis (Cambodia) Company Limited and the BCCT. He is a Member of the Royal Institution of Chartered Surveyors (MRICS).
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 [...]
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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International passenger arrivals to Bangkok Airport increase by 13% in March and International arrivals to Phuket increase by 39% The total number of disembarking international passengers at Suvarnabhumi Airport in March 2010 was 1,414,916 compared to 1,254,193 in March 2009 a 13% increase. The number of total number of disembarking domestic passengers at Suvarnabhumi Airport [...]
International passenger arrivals to Bangkok Airport increase by 25% in February and International arrivals to Phuket increase by 71% The total number of disembarking international passengers at Suvarnabhumi Airport in February 2010 was 1,397,638 compared to 1,120,310 in February 2009 a 25% increase. The number of total number of disembarking domestic passengers at Suvarnabhumi Airport [...]
According to the Bangkok Post the deputy finance minister Pradit Phataraprasit announced that the tax incentives for property will end on March 28, 2010. This means that transfer tax will go back up to 2% of assessed value from 0.01%. Certain vendors including property developers will pay 3.3% specific business tax up from 0.11%. Mortgage registration [...]
The number of disembarking international passengers at Suvarnabhumi Airport was 1,519,488 in January 2010 up 24% compared to January 2009 when we still feeling the effects of the December 2008 Airport closure. Domestic passenger disembarkations at Suvarnabhumi Airport were 551,954 compared to 386,637 in January 2009. Bangkok’ Don Muang airport has minimal international passengers. Domestic [...]
Khun Bang-Orn Chinaprayoo the tourism authority director in Phuket announced on Wednesday February 10 that all hotel rooms in Phuket were fully booked for the Chinese New Year Weekend and that the average occupancy rate was 90%. A quick check on Booking.com seems to confirm the story with many hotels saying they have few available [...]
The Industrial estate sector has been dominated by the fall out from the suspension of projects at Map Ta Phut and concerns about Japanese companies losing confidence in Thailand as a manufacturing location. Finally we have a little bit of good news. Hutchinson Technology (Thailand) has committed 4.3 billion baht to build a hard disk [...]
China outbound tourists reached 47.66 million in 2009 up 4% on 2008 according to the China National Tourism Administration (CNTA). In the first 11 months of 2009 total Chinese visitors to Thailand were only 683,781 and 778,337 for the whole of 2008. The China Tourism Academy (CTA) forecasts that there will be 54 million outbound [...]
