Thailand as a whole I believe to be undervalued, especially when compared to its neighbors. Due to a bit of political issues, the lid has been kept on the real estate market with respect to pricing, although the market overall has been steady. The Thai elections will be complete by the time this magazine goes to print and with a positive message from the new government regarding foreign investment, I think there will be increased investment from the foreign community into Thailand.
There is no surprise when I say (and firmly believe) Phuket is one of the hottest places in the world, and no it’s not too late! With some of the highest end luxury hotel groups in the world announcing their commitments to open resorts, most of them mixed use developments; Phuket has yet to really see the true luxury end of the market. Phuket will be a different place in 5 years and the availability of prime sea front land is already scarce and at a premium. Buy now!
Also, the prime island of Koh Samui is a great choice, the island is always buzzing and has an excellent choice of hotels and restaurants however location is paramount as the infrastructure is in the process of being upgraded.
There are new, remote luxury locations like Koh Kood, that offer space, privacy and incredible service.
Indigo has taken an interest in exploring some markets outside of Thailand, such as Laos, Vietnam and to many peoples surprise, all the way to the other side of planet earth, Argentina. All of these are explained in this issue.
Back to the basics about investing in luxury real estate. The bottom line is due diligence. It doesn’t matter which country you are considering, you have to fully investigate locations, ownership and legal structures, quality of builders and construction and of course tax considerations.
863 Mission St
(between 4th St & 5th St)
San Francisco, CA 94103
Neighborhood: SOMA
(415) 522-2440
AsiaRealEstateMarket Home buyers and real estate investors find your real estate agents, property for sale , property developement companies, property management in asian country of your interest.
Saturday, January 7, 2012
When Should A Real Estate Professional Tell Someone To Walk Away From Their Mortgage Review
As real estate professionals, your goal is a healthy and vibrant real estate marketplace. Lots of selling and buying of homes is a good thing, as is a healthy credit report and sufficient cash on hand by your buyers and large amounts of home equity with your sellers.
But if the last few years has taught us anything, that is not always the case. Heck, in some markets, that rarely is the case.
So being a real estate professional you also end up answering many questions about people having their homes underwater at this year’s Christmas Parties.
Economic editor Megan McArdle writing in the Atlantic has a very thought provoking post out today discussing “When Should You Default on Your Mortgage?” Here is an excerpt but you should also go read the whole article. It is an issue that is on the table for many of the people in your marketplace and may help you as a trusted real estate professional giving solid and powerful advice.
As you can see, I think that people who are in financial trouble and cannot make their mortgage payment have a perfect right to walk away–and to do so as early as possible if there is no reasonable likelihood that their circumstances will change. On the other hand, I think that if modest lifestyle changes like less steak and more hamburger, less cable and more library books, can make your mortgage payment affordable, I think you have an obligation to make those changes. And if those changes aren’t even necessary–if the default is purely and simply because you would like the bank to eat the lost equity rather than you–I don’t think that’s right.
But for all the discussion of those people, I’m not sure how many of them there are. Some, undoubtedly–in a country as big as the US, there is always some jerk doing almost anything you can imagine. But given what we know about bankruptcy, I tend to think that the overwhelming majority of people walking away from their houses are doing so because they cannot support both the home, and a basic decent life for their families. Obviously, I also tend to think that’s how it should be.
And if you have any suggestions from the trenches on Megan’s advice, leave them in the comment section. Odds are there will also be people fighting through a rough mortgage right now reading this post and they will appreciate any and all help you can offer.
1815 Polk St
(between Washington St & Jackson St)
San Francisco, CA 94109
Neighborhood: Nob Hill
(415) 931-3130
But if the last few years has taught us anything, that is not always the case. Heck, in some markets, that rarely is the case.
So being a real estate professional you also end up answering many questions about people having their homes underwater at this year’s Christmas Parties.
Economic editor Megan McArdle writing in the Atlantic has a very thought provoking post out today discussing “When Should You Default on Your Mortgage?” Here is an excerpt but you should also go read the whole article. It is an issue that is on the table for many of the people in your marketplace and may help you as a trusted real estate professional giving solid and powerful advice.
As you can see, I think that people who are in financial trouble and cannot make their mortgage payment have a perfect right to walk away–and to do so as early as possible if there is no reasonable likelihood that their circumstances will change. On the other hand, I think that if modest lifestyle changes like less steak and more hamburger, less cable and more library books, can make your mortgage payment affordable, I think you have an obligation to make those changes. And if those changes aren’t even necessary–if the default is purely and simply because you would like the bank to eat the lost equity rather than you–I don’t think that’s right.
But for all the discussion of those people, I’m not sure how many of them there are. Some, undoubtedly–in a country as big as the US, there is always some jerk doing almost anything you can imagine. But given what we know about bankruptcy, I tend to think that the overwhelming majority of people walking away from their houses are doing so because they cannot support both the home, and a basic decent life for their families. Obviously, I also tend to think that’s how it should be.
And if you have any suggestions from the trenches on Megan’s advice, leave them in the comment section. Odds are there will also be people fighting through a rough mortgage right now reading this post and they will appreciate any and all help you can offer.
1815 Polk St
(between Washington St & Jackson St)
San Francisco, CA 94109
Neighborhood: Nob Hill
(415) 931-3130
Monday, January 2, 2012
Bangkok’s Lingering Floods Review
After years of political chaos, global financial crisis, tsunami and bird flu, things had finally started to look brighter for the Thailand economy midway through 2011. With this flooding some say is the worst in 100 years, lingering and their overall impact yet to be fully assessed, the country just can’t seem to catch a break. Besides the direct and indirect damage on the economy being inflicted (the Bank of Thailand has already revised down its GDP growth forecast to 2.6% from 4.1%), the prospect of more flooding in the future will certainly play a bigger role in how Bangkok’s real estate market here evolves over the coming years.
At this point in time, no one can be sure how much worse things may get, nor how much longer the city and surrounds will need to endure this situation. An estimated 10-12 billion cubic metres of water pooling north of Bangkok still need to be drained into the Gulf of Thailand. The brunt of the damage has been borne by residents, retailers and industrialists in these areas north and west of central Bangkok. The situation remains precarious and there can be no guarantee that even Bangkok’s CBD will be spared.
Although still early, the impact is being felt as far as North America with Honda revising down forecasts as its inundated factories can no longer produce critical electronic parts. Residents have had to abandon homes or relocate in some cases which were later to also become inhabitable. Supply chain disruptions and impassable roads have left retailers shelves bare if they are able to open at all in certain areas. Meanwhile, high rise apartments and serviced apartments have filled up with residents taking refuge from the water. Office building parking lots are crammed full as owners try and protect their vehicles from the rising waters.
Whether the current flood is a one-off event or an emerging trend that the country will need to continue to deal with in the future, the government, businesses and residents will certainly need to adjust to this situation. How quickly this happens will depend on the benefits of rebuilding in the present locations with new measures to minimise flooding versus the costs of relocating to better protected zones.
212 W 23rd St
(between Wentworth Ave & Indiana Ave)
Chicago, IL 60616
Neighborhood: Chinatown
(312) 842-8688
At this point in time, no one can be sure how much worse things may get, nor how much longer the city and surrounds will need to endure this situation. An estimated 10-12 billion cubic metres of water pooling north of Bangkok still need to be drained into the Gulf of Thailand. The brunt of the damage has been borne by residents, retailers and industrialists in these areas north and west of central Bangkok. The situation remains precarious and there can be no guarantee that even Bangkok’s CBD will be spared.
Although still early, the impact is being felt as far as North America with Honda revising down forecasts as its inundated factories can no longer produce critical electronic parts. Residents have had to abandon homes or relocate in some cases which were later to also become inhabitable. Supply chain disruptions and impassable roads have left retailers shelves bare if they are able to open at all in certain areas. Meanwhile, high rise apartments and serviced apartments have filled up with residents taking refuge from the water. Office building parking lots are crammed full as owners try and protect their vehicles from the rising waters.
Whether the current flood is a one-off event or an emerging trend that the country will need to continue to deal with in the future, the government, businesses and residents will certainly need to adjust to this situation. How quickly this happens will depend on the benefits of rebuilding in the present locations with new measures to minimise flooding versus the costs of relocating to better protected zones.
212 W 23rd St
(between Wentworth Ave & Indiana Ave)
Chicago, IL 60616
Neighborhood: Chinatown
(312) 842-8688
Forecasting Asia’s Diverse Real Estate Markets Review
One thing I like about being a real estate researcher with a regional role is the chance to observe up close the ongoing evolution of Asia’s commercial real estate markets. Another is getting to exchange findings and views with colleagues from other regions. It is through this exchange that I come to appreciate that the tasks for real estate forecasters are challenging everywhere, whether in the more homogenous markets of Australasia, North America and Western Europe, or in the nascent markets of Eastern Europe, Middle East and Latin America.
In Asia, some of these challenges relate to the diverse features of the region’s commercial real estate markets. For one, several decades in real estate market developments separates world-class financial centres such as Hong Kong at the one end of the spectrum and up-and-comers such as Hanoi at the other end. As a result, making broad statement about current regional trends is sometimes difficult, let alone projecting future trends.
Like the rest of the world, Asia Pacific’s real estate markets generally move in multi-year cycles characterised by intervening periods of “booms” and “busts”, though there have been major variations across markets and time. Some regional markets have been, and are likely to remain, more volatile than others. Rental movements are generally more rapid in the major financial centres, particularly those which are heavily influenced by sentiment, such as Hong Kong and Singapore. Over the last 20 years, annual rental changes in these markets have been up to 60-80% in nominal terms. Rental movements are less rapid but still highly cyclical in markets such as Tokyo as well as the Tier I cities of China and India, with maximum annual changes of 40-60%. Relatively stable markets such as Seoul and Kuala Lumpur are characterised by weaker cycles, with annual rental changes usually no more than 20%.
Despite significant variations in market developments and cycles, Asia’s real estate markets still share similar fundamental driving forces. Long-term trends in rentals and prices are driven by the current and future demand-supply balance of space, regardless of whether it’s work space occupied by an Indian office worker, shop space needed by Hong Kong retailers or warehouse space used by 3PL operators in China. Future supply of space is known, to varying degrees, as a result of the lengthy construction cycle. Forecasts of future demand for space hinge on, and of course are only as good as, the forecasts of underlying demand drivers such as GDP, employment and retail sales.
To sum up, there are common themes to the diverse real estate markets in Asia. Past, present and future trends of Asia’s real estate markets, like anywhere else, are still essentially driven by the interplay of demand and supply. A good forecaster needs to understand the specific drivers behind demand and supply in each market, as well as consider how these can potentially change in the future.
Chicago, IL 60606
Neighborhood: The Loop
(800) 979-3370
In Asia, some of these challenges relate to the diverse features of the region’s commercial real estate markets. For one, several decades in real estate market developments separates world-class financial centres such as Hong Kong at the one end of the spectrum and up-and-comers such as Hanoi at the other end. As a result, making broad statement about current regional trends is sometimes difficult, let alone projecting future trends.
Like the rest of the world, Asia Pacific’s real estate markets generally move in multi-year cycles characterised by intervening periods of “booms” and “busts”, though there have been major variations across markets and time. Some regional markets have been, and are likely to remain, more volatile than others. Rental movements are generally more rapid in the major financial centres, particularly those which are heavily influenced by sentiment, such as Hong Kong and Singapore. Over the last 20 years, annual rental changes in these markets have been up to 60-80% in nominal terms. Rental movements are less rapid but still highly cyclical in markets such as Tokyo as well as the Tier I cities of China and India, with maximum annual changes of 40-60%. Relatively stable markets such as Seoul and Kuala Lumpur are characterised by weaker cycles, with annual rental changes usually no more than 20%.
Despite significant variations in market developments and cycles, Asia’s real estate markets still share similar fundamental driving forces. Long-term trends in rentals and prices are driven by the current and future demand-supply balance of space, regardless of whether it’s work space occupied by an Indian office worker, shop space needed by Hong Kong retailers or warehouse space used by 3PL operators in China. Future supply of space is known, to varying degrees, as a result of the lengthy construction cycle. Forecasts of future demand for space hinge on, and of course are only as good as, the forecasts of underlying demand drivers such as GDP, employment and retail sales.
To sum up, there are common themes to the diverse real estate markets in Asia. Past, present and future trends of Asia’s real estate markets, like anywhere else, are still essentially driven by the interplay of demand and supply. A good forecaster needs to understand the specific drivers behind demand and supply in each market, as well as consider how these can potentially change in the future.
Chicago, IL 60606
Neighborhood: The Loop
(800) 979-3370
Tuesday, December 27, 2011
Tan-EU hires chief investment officer Review
Tan-EU Capital has appointed Frank Xin as chief investment officer. He will be mainly responsible for sourcing transactions for Tan -EU’s SOTAN China Real Estate I fund, working in close collaboration with partner SOCAM Development.
Xin will be based in Shanghai where Tan -EU Capital recently opened an office. He joins from Pingan Real Estate Investment Management Limited, where he was managing director and head of real estate investment, establishing a investment team which invested over $800m across China.
Xin is a pretty good hire for a boutique outfit such as Tan-EU. The group’s links with Shui On clearly allow it to punch above its weight in hiring. CEO Rachel Tan likes to talk about her business as being a different model of fund management to the conventional norm and she does seem to be striking a balance between being a strong local player in Chinese real estate with Xin and SOCAM, while keeping European LPs happy with head of fund management James Buckley, who has a blue-chip CV with Schroders and Grosvenor. Tan has a foot in both hemispheres of course.
832 N State St
(between Pearson St & Chestnut St)
Chicago, IL 60610
Neighborhood: Near North Side
(312) 335-9677
Xin will be based in Shanghai where Tan -EU Capital recently opened an office. He joins from Pingan Real Estate Investment Management Limited, where he was managing director and head of real estate investment, establishing a investment team which invested over $800m across China.
Xin is a pretty good hire for a boutique outfit such as Tan-EU. The group’s links with Shui On clearly allow it to punch above its weight in hiring. CEO Rachel Tan likes to talk about her business as being a different model of fund management to the conventional norm and she does seem to be striking a balance between being a strong local player in Chinese real estate with Xin and SOCAM, while keeping European LPs happy with head of fund management James Buckley, who has a blue-chip CV with Schroders and Grosvenor. Tan has a foot in both hemispheres of course.
832 N State St
(between Pearson St & Chestnut St)
Chicago, IL 60610
Neighborhood: Near North Side
(312) 335-9677
Friday, November 25, 2011
Japan Home Search
Japan Home Search is a comprehensive property search engine targeted specifically at expatriates relocating to Japan. This popular site lists thousands of rental properties for a real-time snapshot of what is available on the market today. The site also features the “Pin Pointer” tool, which allows visitors to zoom in on the areas surrounding potential properties. Powering this website, our team prides itself on promptly answering all enquiries, and strives to find properties that meet each individual client’s needs. Anyone can find a house - with Japan Home Search you can find a home!
| 2F EXOS Ebisu | |
| 1-24-14 Ebisu, Shibuya-ku | |
| Tokyo 150-0013 Japan | |
| Tel: | +81-(0)3-5449-6061 |
| Fax: | +81-(0)3-5449-3267 |
Australia Real Estate Review
Asia Australia Real Estate has developed a superior property management division that ensures effective leasing and management to maximise our clients investments. We pledge to provide one-stop first class service to investors, landlords and tenants. Asia Australia's aim is to manage property in a way that it will enhance its value and ensure the investment is 'hassle free'. We consider certain factors vital to a successful property management service, these being the ability to anticipate and react to rapidly changing market trends and to build lasting relationships with our clients.
Tel: 1300 134 174
Tel: 1300 134 174
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