Thai Real Estate Investment Soared On Back Of Property Fund Activity

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KTAM Aims to Become Thailand’s Leading Property Fund,Increasing Assets Under Management to 11.3 Billion

The Bangkok Post reported on Thursday, 22 February that real estate investment in Thailand soared by 81.8 percent to $2 billion (1.3 billion)in 2012, nearly double the $1.1 billion (720 million) in 2011, as property funds markedly increased their investment activity.

According to property consultant DTZ, Thailand’s real estate market was boosted by the listing of major property funds and a high number of acquisitions, particularly in the office and hotel sectors. Some $1.1 billion (720 million), or 55 percent of total real estate investment, came from transactions by real estate funds or public funds for public offerings (PFPOs).

Investment activity received a major boost from the listing of Tesco Lotus Retail Growth Freehold and Leasehold (TLGF) in the beginning of January 2012, which proved to bethe largest property fund listing for the year. The $594-million (389 million) fund purchased 17 Tesco Lotus shopping malls in prime locations across Thailand in a deal which by itself exceeded half of the real estate investments in the country in 2011.

Other notable property fund investments in 2012 included the purchase during the first quarter of three serviced apartment complexesand residences for $106 million (69 million) by the listed Land and Houses Freehold and Leasehold Property Fund (LHPF). Additionally, the Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR) bought three Centre Point serviced apartments in the third quarter, for some $107 million (70 million).

KTAM Eyes Real Estate Market

Krung Thai Asset Management (KTAM) has the ambition to lead the market in property funds and,more specifically, to increase its assets under management by 20 percent in 2013 to 516 billion baht (11.3 billion), said chief executive officer Somchai Boonnamsiri, citing the positive overall investment climate.

The Bangkok Post reports that Thai billionaire Charoen Sirivadhanabhakdi plans to raise funds through the funds managed by KTAM, with the subsequent capital increase being dedicated to turning KTAM into the global leader of this type of fund.

KTAM is considering entering new markets including Mexico, Brazil and some European countries. Annualised return for short-term investments in these regions is forecast at 3.5 percent or about one percent higher than returns in the Thai domestic market.

The Thai fund intends to boost the capital of property funds under the direction Sirivadhanabhakdi’s TCC group to as high as 50 billion baht (1.1 billion) this year. The fund also plans to launch ETFs on the Stock Exchange of Thailand in sectors such as food, energy, ICT and the commercial sector.

2013 will be the last year in which Thailand’s Securities and Exchange Commission will allow investments in what has been known as property type 1, with introduction a new type of property fund, the internationally recognised real estate investment trust, set to replace the old structure.

Thinking about a property refurbishment

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By Felix Fortescue, property analyst.

I’m often asked whether a property refurbishment will increase the value of a property and the answer is yes – but a return on the investment is far from guaranteed!

The trouble is that the true value of a property lies chiefly in its potential as perceived by the buyer in the marketplace in terms of the potential of the real estate, rather than whether it has been refurbished or not. The buyer may not care for your property refurbishment anyway and could gut the whole place as soon as you have gone- after all, a building is just a chattel.

So ordinary people, i.e. not professional property developers, should steer well clear of the property refurbishment game unless it is purely to enhance his or her own comfort and amenity at home or work.

The situation with property refurbishments is analogous to the boy racer who installs a 500 stereo in his car and then expects the vehicle to be worth an extra 500 when it simply isn’t.

It was no surprise when recently a friend who works for Hampshire Building firm PM Building Contractors told me that most of their property refurbishment work was chiefly for the high-end customer demographic.

These customers had clearly ordered the property refurbishment work for their own home comfort rather than to enhance the value of their houses.

Although it cannot be said that the gain on the value of a property accrued by a property refurbishment will necessarily be nil, any likely gain will be disproportionate to the expense and that may be incurred.

With the idea that the true value of the property lies in the estate in the land in mind, I would suggest that the ordinary man or woman who was wondering about how to maximise the value of their property should think hard about the potential of their real estate.

Applying for outline planning permission for a whole portfolio of possibilities can make you very attractive for property developers and landlords, some of whom have vast financial resources.

A property refurbishment is merely a cosmetic measure which, while it brings comfort and enjoyment for the householder, is not part of the fundamental nuts and bolts of what your property is worth.

Get a quote for your Hampshire Property Refurbishment – from Hampshire County Council Approved – PM Building Contractors!

The Significance Of A Competent Real Estate Agent In A Miami Property Deal

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The realty market in Miami is experiencing an upward trend; however, you cannot mistake it for a kind of boom. Across Florida, especially in the South, the past few months have been relatively steady. This is good news for the city and investors and sellers. Although, there is a rebound, investors are wary and being very cautious so as to avoid mistakes of the past.

Property Management

If you are the owner of a condo, multiple or single homes in Miami, you would require the services of a good company to manage your property. A number of services are offered right from condo management, concierge, renovation and repair, checking tenants background and various others. When you are located in another city, a good property management company is required to handle tenant relations. Whether it is collecting rent or specific tenant requirements, the firm anticipates and addresses it in the best way possible. When it is the question of condo management, the providers will do all they can to establish a sustainable community where all feel secure and at home. Miamis top property management company has good relations with owners of properties in the entire locality. Being savvy in public relations, the firm has been able to understand client needs and provide the best customer service.

Duties of a Competent Broker

Without the services of a real estate agent, buying or selling a residential or commercial property in Florida is simply unthinkable. A good agent will assist you in sorting out your choices especially when you have to take tough decisions. Once you express your preferences, the agent should educate you about the market price. He should keep your desires about the property on top and search focusing on this rather than trying to get the deal done. He/she should have the ability to establish a rapport with the client. His other duties include scheduling the house visit and accompanying you to the site. They should apprise you about positives and negatives of the property. Negotiating with the seller is the agents duty. Finally, they should be with you through the entire transaction process.

Services and People in Buying a Property

Buying a property involves several people; the most important are the real estate agent and you. Firstly, you as well as the seller should agree on an amount; normally, the agent assists in this negotiation. After this initial stage, you require the services of a settlement firm or an escrow that will be the third party in the transaction. You and the seller will have to pay the escrow a fee for this service. The title insurance is another important service whereby they insure you have a clear title and that there is no encumbrance to the selected property. A fee has to be paid to this company too; a Lenders Policy covers or insures the mortgage lender and provides assurances that the property is free of any judgments or liens.

The London Uk property site for purchasing, marketing or leasing flats, homes, residences and busin

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There is something that you must constantly bear in mind with respect to property renovation. When builders obtain a piece of home that they prepare to build a home on, they will certainly do everything they can do make as too much money as feasible on their homes. You could be able to get them to agree to several of these concepts, although they most likely will not accept all them. Structure houses could be an extremely lucrative company – which is why most firms like to construct their homes precisely as the strategies call for./p>

When checking out incomplete houses, you also need to look at what financial institutions want to accept. If you are intending to obtain a home mortgage, the majority of financial institutions will certainly should make sure that the home is up to regional codes and in living problem. What this suggests, is that there will certainly need to be a sitting room, bed room, and other areas completed. If the residence is doing not have quite a little in terms of being incomplete, the majority of banks will not offer you a home loan.

Most banks are additionally known to reject incomplete residence mortgages that they really feel will certainly have difficulty marketing in the event that you skip. Typically, the entire downstairs area will should be finished, along with most of the landscape design. You might be able to do some of it on your own and save cash, although in many cases the house contractor will have to do a bulk of the topsoil and yard just to satisfy the bank. Banks have meticulous needs when it comes to incomplete residences, which is why you must always contact your bank before you spend for an incomplete home.

As most of us currently know, buying an incomplete home gives an outstanding means to get into the real estate market and get your personal home. Incomplete homes also permit possible purchasers the possibility to grow into their residence along with their family members. If you like conserving cash, you should make certain to speak to the builder. Through this, you can review the strategies and determine exactly what doesn’t have to be there. Most of the times you could conserve a bunch of cash and still get a residence that will give years and years of memories for yourself and your entire household.

is one of the very best web websites for london home restoration and various other property solutions such as unit administration companies london. See for acquiring, offering or permitting household or industrial home in London.

How To Buy And Manage Your First Rental Property

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According to many experts there has never been a better time to invest in property with a view to renting it out and this view has been confirmed in a new ebook by that talented property investor, Shannon Pineau.

‘How to buy and manage your first rental property’ is a step by step guide which really does cover all of the ‘ins and outs’ of this fascinating industry so that you really do know exactly what you are doing.

According to Shannon, many people become completely overwhelmed when they even think about everything that goes with buying and renting out a property that they make simple mistakes that can end up costing them dearly. Either that or they just don’t bother to proceed any further which is a great shame because property rental can be such an extremely lucrative business to get into.

Just think about it for one minute, if you have purchased the property at the right price, and that is not difficult at the moment due to the bargains that are currently on the market, it will go up in value whilst all of the costs are actually being paid by someone else, and more often than not you will also be receiving a monthly income from the venture which sweetens the deal even more.

Shannon not only covers the many positive points of the property rental business, she also goes into great detail about what to do if things go wrong so that you are ideally prepared to tackle any problems head on and continue to go on and prosper.

Literally, no stone has been left unturned in this excellent ebook and if you are even just thinking about getting into the property rental business you should look no further than ‘How to buy and manage your first rental property’ by Shannon Pineau.

I recommend that you visit confessions of a working mum for fantastic information based on work from home moms. It is your entry into family advice and is full with amazing reviews. Read our recent review about How To Buy And Manage Your First Rental Property and discover how to change your financial life for the better.

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