09 Oct '15, 10am

Q3 2015 records six-year low for #property #investment sales. Read more at #news

Q3 2015 records six-year low for #property #investment sales. Read more at #news

Bangkok is experiencing a steady rise in the number of expats according to statistics provided by the Ministry of Labour. Popular areas include Sukhumvit, Lumpini and Sathorn. Most prefer renting, staying between two and three years. CBRE Thailand says expats tend to favour apartments over condos. The single ownership of apartments means tenants can go to building owners when they require repairs or maintenance work. In the case of condos, the building manager manages only common areas and does not deal with unit-specific problems. Tenants have to go through a more troublesome process, and can take a longer time to rectify problems. This is why in the long run apartment buildings are mostly better maintained compared to condominiums, even if they are built around the same time. This might present an opportunity for developers. According to CBRE, there are only 415 apartmen...

Full article: http://www.iproperty.com.sg/news/10716/Week-in-Review---9...

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