With a 117% spike in incoming residents, here is the UK’s best city for property investment

The Crown Street neighbourhood near the Manchester City Centre has become one of the city's most coveted places to live

The UK property market has revolved around London for seemingly ever. Obviously, its status as a population and financial hub has provided the capital with a relatively stable base. However, there has been a movement away from London in recent times with other cities taking advantage of the situation.

Perhaps no city has benefited from the shift away from London than Manchester. The city is probably best known in Asia as being the home to football powerhouses Manchester United and Manchester City, but the performance of the local property market surpasses just about anything seen on the pitch.

Affordability along with employment growth and sustained inward investment has driven an influx of people to the city. In July alone, JLL reported Manchester recorded a 117% increase in people moving to the city year-on-year. And this isn’t a short-term gain. More than 100,000 new residents are predicted to call the Manchester city centre home by 2025.

This growth has not hampered Manchester’s quality of life as it was named as the best city in the UK to live by the Economist Intelligence Unit’s 2019 Global Liveability Survey for the ninth year in a row. These are just some of the factors that has seen Manchester become the property market in the UK preferred by overseas investors.

“When thinking of the UK’s strongest property markets, Manchester continues to be in a league of its own,” Elaine Rossall, UK Head of Offices Research at JLL, explained earlier this year. “Job creation is at record levels and is spread across a range of sectors. Commercial development is increasingly catering to occupier demand and this is translating into positive, continued growth across the other property markets.”

As to be expected, home prices in Manchester have risen at an impressive clip. Between 2013 and 2018 property price growth in Manchester exceeded the UK average with prices here increasing more than anywhere else in the country. From June 2017 to June 2018, average property values in Manchester rose by 7.4 percent.

The foundations of the rental market in the UK are just as positive. Research from VeriSmart, a letting compliance firm, found that the UK will have more home renters than owners in 20 years if current trends continue. At the moment, the UK has the fifth highest number of renters in the EU and this group accounts for 35 percent of the housing market.

Click here to learn more about Manchester property investment opportunities

Meeting the needs of investors and renters

For overseas real estate investors, identifying a market with opportunity, such as Manchester, is just one part of the equation. The second part is finding a developer who is in tune with what the local market needs, both in terms of location and project type.

Of all the projects currently in the pipeline, Victoria Residence at Crown Street stands out the most. The 21-storey luxury residential project from Select Property Group is located at the gateway of Manchester city centre and is part of the masterplanned and highly coveted Crown Street neighbourhood. However, location is just part of what makes the project special.

A look at the amenities inside Victoria Residence at Crown Street

In a recent report, Savillis noted that it was important for residential development targeting renters to foster a sense of community and encourage residents to stay longer. To that end, Victoria Residence at Crown Street has been equipped with premium amenities designed to provide a lifestyle that could otherwise not be afforded. These include a high-floor swimming pool, Royal Gardens, a gymnasium, co-working lounge, residents’ lounge and podium-level retail outlets. The development truly provides the best in luxury and convenience.

From the overseas investor perspective, Select Property Group can provide full management solutions tailored specifically for investors based outside the UK. And with 7 percent gross projected yields and 66 percent ROI forecasted 5-Year NET profit, Victoria Residence at Crown Street is a lucrative, hands-free UK property investment opportunity.

Additionally, construction of Victoria Residence at Crown Street is progressing nicely and is scheduled for completion in the third quarter of 2020. This ensures investors have the opportunity to enjoy the natural capital growth of an off-plan investment with the peace of mind of a near completed project and returns starting in less than 12 months’ time.

Victoria Residence at Crown Street exterior

“I’m incredibly excited to offer this new project to our investors in Asia. Following the success of our first project at Crown Street, the time is now right to launch Victoria Residence. There is, quite rightly, huge appetite to invest in Manchester at the moment. The city is just at the start of a very exciting period of growth but, with a critical undersupply of property, the positive investment conditions only look set to continue in the coming years,” Adam Price, Managing Director of Select Property Group, explained. “

He concluded, “Victoria Residence at Crown Street boasts an incredible location in Manchester city centre and, coupled with its high-quality finish and facilities, we know that it will attract huge attention from tenants when it opens its doors next summer.”

Victoria Residence at Crown Street has launched in Asia and interested investors are encouraged to act now in order to secure a unit. Strong demand from both local and overseas investors means units will be taken up quickly as was the case with Select Property Group’s first development, Elizabeth Tower, where sales of GBP 126 million have already been recorded.

Click here to register your interest


2018 Budget requests made

Affordable housing needs to be a priority for the Budget according to experts in the field.

The 2018 Budget is due to be tabled on Friday. Ahead of this many have vocalised their views on what actions should be included as part of it. Due to high property prices there is a fear that Malaysia will have a homeless generation. Thus for property the affordable housing shortage needs to be addressed.

The National House Buyers Association (HBA) believe this can be overcome. Citing there is a need to reduce speculation by increasing stamp duties. Additionally HBA want property owners who have more than one property to be penalised with increased property gains taxes.

At the same time the government need to play their part in increasing the supply of
affordable housing
. A topical subject which is expected to be discussed by Prime Minister Najib Razak in the Budget as well as being an important theme of the next general election. There is a severe deficit in affordable housing. According to figures from Bank Negara there is a shortfall of 960,000 units. A figure that is expected to reach one million in just three years time.

HBA feel the shortage can be met by encouraging developers to build low cost housing. Aiding developers by including partial tax exemption and fast tracking planning approval. However some have said that affordable housing needs to be taken out of the hands of developers and built by a central agency instead. At present developers only need to build 30 percent of affordable housing.

The Real Estate and Housing Developers Association (Rehda) have also voiced their opinion too. Compiling ten suggestions in order to aid the current housing situation. They too have suggested that affordable housing needs to be a priority. Rehda believes that this can be achieved by waiving the Goods and Services Tax on construction materials used for affordable housing. Additionally they have requested that first time buyers are financially assisted in their attempt to reach the
first rung of the property ladder.


2018 interior design trends

As the end of the year nears what exciting interior design trends can we expect for 2018?

“An Englishman’s home is his castle”. The popular saying still applies today as much as it did when it originated. It simply means that you can do as you like in your home. This also applies to how your home looks as its interior is a reflection of who you are. If you like to be on trend, then now is the time to start thinking about next year’s interior design trends. We have looked ahead and selected five common themes that can be applied to your home. Comfort is again of paramount concern but sustainability is thrown in for good measure.

1. Think comfort with suede and velvet upholstery.

Focusing in on comfort, opt for fabrics in suede or velvet. Such as for your sofa. It will create a soft feel to a room, not to mention be inviting as a place to kick back and relax.

2. Use natural materials.

To bring sustainability into your home choose natural materials where you can. Think wood, leather, granite and even concrete. Wood creates warmth and has calming qualities. A modern wooden bookshelf or even dining table can become a real focal point too. Make sure you pick a contemporary wood or one that is in its natural state rather than a shiny reproduction otherwise you could be on trend from times past. You can even use natural materials for a
feature wall
. Choose a modern granite for your kitchen worktop. Or use leather as ties for your curtains or to suspend shelves from. Hints throughout your home will bring your interiors on trend.

3. Pick earthy colours.

Bold colours remain popular for 2018 but in a modern tone. Earthy colours such as dark reds, oranges and yellows will create a cozy feel but it is important to get the tone right rather than too bright as it will have a very different impact. For those feeling less brave opt for grays or even a terracotta. That way you can be sure you existing furniture is more likely to fit too.

4. Team with metal furniture.

In order to match your wood dining table, suede sofa and earthy wall colour pick matching furniture that is not fussy. Clean lines and with metal legs for your dining table or sofa will ensures neatness. An elegant look will be created without being too fussy.

5. Keep window dressings simple.

In order to show off the new features of your home window dressing should be plain. Avoid anything that will detract from your new look. Leave windows bare or opt for very simple window dressings instead. Simple curtains in a white or muted grey will ensure that they are discreet. You can finish them off with luxury leather ties or just choose minimalist wooden slatted blinds instead.

For more inspiration on interior design for your home check out our blogs on
tile trends
 or even how to
upgrade your kitchen on the cheap.


2019 interior design trends for condos

Expect to see more cacti in condos this year

Condos dominate Southeast Asia. The reason for this is simple. Most people live and work in large cities where space comes at a premium. Creating a space that feels like a unique home can be difficult, but these 2019 interior design trends for condos give you the chance to bring a fresh look to your unit.

This isn’t to say you should follow each and every one of them. In fact, you most definitely shouldn’t unless your goal is to create colour clashing condo chaos. But picking one of two of these tips can bring your
condo
 to life in 2019.

Don’t miss these 2019 interior design trends for condos

Kitchen with black

Black kitchens

Some new condo buildings are coming equipped with black kitchens featuring gold accents and 2019 will see more people adopt this look on their own. A black kitchen offers a luxurious look that feels sleek and new. You don’t need to go entirely black. Mixing the room with white, gold or wood can keep things from being too dark.

A black kitchen can also be more practical. After all, think of how much time you’ve spent wiping down white cabinets, fixtures and kitchen appliances. Black does a good job of concealing this everyday wear and tear.

Handmade wooden pieces

Handmade wooden furniture

These have become a staple of cool coffee shops in Bangkok, Manila, Singapore, Ho Chi Minh City and just about every other Southeast Asian metropolis. They are different and help people feel a connection to nature. And in 2019, handmade wooden pieces are going to be coming to more homes.

A couple of these add a rustic, charming look to any condo. Many units can look sterile or boring, but a couple of handmade wooden tables add some much needed character.

Photo/RC Wiley

Curved sofas

The days of angular sofas in condos will stay in 2018. That’s because 2019 will see the trend move to couches featuring softer curves. These work especially well in smaller studio or one-bedroom condo units where limited space means you might run into the pointy end of that angular sofa in the dark.

Peak cactus season

Cacti were everywhere in 2018 and this will likely carry over into this year. It’s easy to see why these prickly plants will be one of the 2019 interior design trends for condos. They add a nice splash of green to any room, look cool and require little attention. Shelves and small tables are perfect for a small cactus. You may also consider adding a cactus or two to the bathroom sink to for some extra flair.

A small move away from minimal

Minimalist designs have become a hallmark of condo interiors. The style maximises space in what can be a small area. This year won’t see a full blown shift to maximal interior designs, but one of the 2019 interior design trends for condos we’re watching is the addition of comfort pieces to minimal interiors. For example, placing big pillows on a couch or introducing padded dining room chairs brings much needed comfort to a condo without making it feel cluttered.


Why foreign investment is a balancing act

Foreign property investment may not always being wanted but many economies need it.

Foreign investors are often blamed for rising property values. The reason for this argument is that it puts a strain on housing, which pushes prices up. However, is this international capital really that unwelcome?

For Malaysia, it is believed to be a cause for concern. So a
minimum price
 has been put in place, and raised, for overseas investors. This is not something new to the rest of the world. British Columbia in Canada which has one of the quickest increasing markets, and New South Wales in Australia have received unprecedented numbers of foreign investors, namely from Mainland China. In fact one property in Sydney was even bought from an investor in Hong Kong with a
viewing conducted on a smartphone.
 As a result for this heightened interest, additional taxes have been introduced in both British Columbia and New South Wales for foreign investors.

Measures are already in places for Singapore and Hong Kong who ramped up taxes in a bid to deter overseas investors making their mark. Whilst in Switzerland, a ban was implemented not permitting residents from outside of Europe to buy property. For the UK, a melting pot for international investors, extra taxes have been introduced for anyone owning more than one home.

The effect.

But how much do these foreign investors play on the market? For British Columbia a 15 percent extra tax was placed upon overseas investors as Chinese buyers made up a third of the property value. This is according to the National Bank of Canada. The state has experienced unwanted prejudice towards to the Chinese, but could this be down to historic reasons rather than just snapping up property?

But for London, overseas investors only make up a small amount of the purchasers. However they have been cited to having contributed to influencing the market in other ways. There is now a glut of luxury housing in England’s capital built for the international market. This teamed with a deficit of affordable housing create an imbalance in supply and demand. So by introducing penalties for international investors, it has hit the luxury market instead. Naturally impacting local investors too.

Much needed capital.

When the global financial crisis rose its ugly head in 2008, some of the hardest done by countries in Europe were Spain, Greece, and Portugal. In a bid to help their economies a golden visa was introduced permitting overseas investors to buy property. This could eventually lead to residency of that country. A prime example of how international funds can boost economies that are in dire need. But this comes amid speculation since Portugal’s scheme has come to a grinding halt due to fears of the scheme being involved in corruption scandals. Subsequently, they have changed their tactic. A new ‘wealth tax’ will be introduced for any property value in excess of EUR 600,000.

Stories from across the world demonstrate that each case should be examined individually. Some governments need to carefully balance the requirements for funds with the needs of their local population. China itself has even placed restrictions on its residents from moving money out of the country. A move that could have a ripple effect across the rest of the world.

Residents should not be scared of international investors. But this is provided that governments strike the balance perfectly. Either way lessons can be learnt from markets across the world in order to achieve this.


3 benefits of starting your home search at home

Now is a good time to start your home search at home

If you are one of the countless millions who have found themselves confided to the house, a lot of plans have probably been put on hold. These possibly include your search for a new home.

However, you can still start your home search at home. Heck, you don’t even need to leave your bed if you don’t want to. And believe it or not, there are several benefits to this. Let’s take a look at some of the positives to starting your home search at home right now.

1) Expand your search

You already have your budget in mind and you probably have an idea of where you want to buy, but why not take this time to see what else is around? Dot Property has listings from all over key areas in
Kuala Lumpur
 and beyond, so play around with your search settings. You might be able to find something a little bigger nearby that is within your budget. The extra time may open up new opportunities to find great homes you wouldn’t have otherwise known about.

2) Educate yourself

You now have extra time to really study the local real estate markets and understand factors that go beyond whether you like a home or not. Once you have a shortlist of homes you’re interested in, do research on various factors that you may not otherwise consider. These include home prices around the property you are looking at, the track record of the developer and what is the demand for real estate is at the neighborhood and city levels.

3) Explore digitally

The good news is that many real estate agents and property developers are hosting virtual showings, offering 3D tours on-demand and providing property seekers with new ways of seeing homes without needing to leave the comfort of your living room. It may not be as good as seeing the real thing, but it can help you get a better idea if a home is for you.

The next steps after your home search at home

We may not know when things will get back to normal, but we do know this situation is temporary. Once it passes, people will be acting quickly to see the properties they scouted. Be sure you stay in contact with the agents and developers representing homes on your shortlist to see when the properties will be available for viewings.
Click here to get your home search started
.


3 easy ways to reduce your water usage at home

Probably not a good idea to leave a faucet on unattended if you want to save water

Monthly water bills aren’t nearly as costly as electricity or internet costs, but it’s always a good idea to save money when you can. Additionally, saving water at home is good for the environment so if you don’t do it for the cost savings, at least do it for the planet. There are actually a lot of easy ways to reduce your water usage that don’t require you to do a whole heck of a lot.

The key here is to simply be mindful. Most unnecessary water usage comes from either not making simple fixes or blatant waste. With this in mind, here are a few easy ways to reduce your water usage.

See more:

Get rid of clutter in your condo

3 easy ways to reduce your water usage

1) Stop taking long showers

It is estimated that a 15-minute shower uses 37.5 gallons of water.
Unless you are going full-on Kramer from Seinfeld and preparing meals in there
, it should take you no more than eight minutes to get clean. And in most cases, five minutes is more than enough time. You are better off heading to the swimming pool if you want to spend a long time in the water.

2) Fix leaks

A drippy faucet or a pipe underneath the sink leaking water can be a massive source of water waste. A lot of times this is happening without you even noticing it. Be sure to check your pipes regularly for any water and monitor all faucets. Just because you don’t hear an annoying drip doesn’t mean your are in the clear. And if you do notice any excess water leakage, be sure to have it fixed right away.

3) Only wash full loads of laundry

Of all the easy ways to reduce your water usage, this just may be the most straight forward. A washing machine uses anywhere between 28 and 41 gallons of water regardless of if it contains a full load or a pair of shirts. Some new models come equipped with sensors that can reduce water usage, but you are still better off only using the washing the machine when it is full.


Out with the old and in with the new. With the calendar changing over, so too are interior design trends in Southeast Asia. This doesn’t mean you will need to throw out all your furniture and start from scratch. But you may want to consider updating the look of your home in 2023.

The good news is that there are no major changes in the region. Feng shui continues to be a driving force behind design with minimal spaces also still en vogue. However, there are a few things you should check out. Here are three interior design trends in Southeast Asia to watch in 2023.

Related:

Declutter your condo by getting rid of these items

3 interior design trends in Southeast Asia to watch in 2023

Maximal accessories

This interior design trend actually spills over from the fashion world. Maximal accessories, such as bracelets, have been paired with more minimal outfits to add some flair while remaining stylish. So, what does this mean for your home?

Think about adding some loud or opulent pieces to your living area or bedroom. These can be lamps, mirrors, pillows, accent chairs or anything that will draw attention without taking over the space. The goal here is for the accessories to be noticeable but not distracting.

Functional stone

While everyone loves the look of marble and other imported stone, these are a nightmare when it comes to upkeep. That is why you are seeing an increase in the use of non-porous materials which mimic the look and feel of high-end stone.

These marble-inspired fittings and surfaces not only require far less maintenance but are designed for daily life. These days, even the most upscale housing developments in the region are eschewing the real deal for functional stone.

Watch:

Here’s a sneak peek inside the new THB100 million housing phase at Bangkok’s expat town

Entertainment spaces

With the pandemic firmly in the rearview mirror, people want to host parties and have friends and family over. That has meant the return of entertainment spaces inside the home. And while you could put a few more chairs out for guests, there is no fun in that. Expect interior designs to focus on gatherings. Large couches, the use of warm tones and an emphasis on placemaking will be the norm in 2023.

Keep Reading:
Simple tricks to make your condo seem bigger


3 key questions facing the Philippine property market in 2021

The COVID-19 pandemic hit the Philippines hard, putting an end to years of strong economic growth.
The country’s GDP fell by 10 percent with the local economy contracting by 8.5 to 9.5 percent
. There is hope for a recovery in 2021. The Development Budget Coordination Committee is predicting GDP growth of 6.5 to 7.5 percent next year as the country puts COVID-19 behind it.

For the Philippine property market, there is hope of a recovery. After years of soaring prices, strong demand and great performances, experts believe this could be a much-needed correction for the real estate sector. That being said, a number of questions loom.

Uncertainty surrounds the Philippine property market in 2021 although the sentiment isn’t negative. Here are three questions that will need to be addressed.

Key questions facing the Philippine property market in 2021

1) Can the market reestablish its momentum?

After years of strong demand, rising prices and never-ending activity, the Philippine property market momentum finally came to an end.
Bangko Sentral ng Pilipinas (BSP) reported that home prices fell in the country by 14.1 percent in the third quarter of last year and were down 0.4 percent year-on-year
.

Of course, that doesn’t tell the entire story. Firstly,
Philippine home prices increased by 27.1 percent during the second quarter of 2020
, a record breaking performance that stunned many analysts. Secondly, condominium prices were noticeably down in the third quarter, but townhome and detached/attached housing prices both rose.

Property sales fell across the board and that is likely to be the case early in 2021. Yet, some developers are optimistic that the right projects, namely ones designed with the “New Normal” in mind, will still attract buyers. Additionally, there is hope a swift economic recovery would see the property sector quickly return to pre-COVID-19 levels.

2) What will the legacy of COVID-19 be?

With people and businesses looking to leave the city, the Philippine property market may have to adjust

Work from home and the “New Normal” aren’t going anywhere. Ultimately, the legacy of COVID-19 will be felt across the residential, office and retail real estate sectors. The transformation has already begun in some cases.

For example,
some of the country’s largest retail developers, including SMDC and Ayala Land, have repurposed mall space into storage and e-commerce facilities
. Meanwhile,
several companies are moving away from traditional office towers in central areas to townships in suburban locations
 where employees can enjoy greater convenience in a healthy environment.

Consumer preferences have already begun to shift in the residential sector, and these will continue into 2021.
Developer I-Land has focused entirely on sustainable living, launching projects featuring a wide range of wellbeing amenities
.

Living within integrated communities that mix residential areas with office, retail and recreational components are also
expected to grow in popularity over the next 12 months
.

“The ideal cities in the future will need to offer opportunities for innovations that enhance the quality of living (right balance of sustainable and cosmopolitan lifestyle); working (uncongested spaces and presence of job opportunities); playing (availability of recreational and cultural centers), and learning (talent enhancement and R&D centers),”
Claro dG. Cordero, Jr., Cushman & Wakefield Director and Head of Research, told BusinessWorld
.

3) Which way are OFW remittances going?

Overseas Filipino worker (OFW) remittances are key to the Philippine property market and economy in general. It is estimated that
370,000 OFWs returned home in 2020 with another 80,000 expected to come back during the first half of this year
. In the short term, remittances picked up towards the end of 2020 and the House of Representatives passed a measure providing discounts on remittance fees for OFWs sending money to their families.

Looking long term, a successful global rollout of the COVID-19 vaccine and the loosening of travel restrictions during the year may allow OFWs to return to their jobs. This would see remittances increasing once again with the Philippine property market likely to benefit in some form.

However, flat or declining remittances would be bad news since for the Philippine property market since it is a key source of potential homebuyers. It’s too early to tell which way OFW remittances are going, but it is something the real estate sector will be closely watching.


3 key questions facing the Thailand property market in 2021

While the year hasn’t gotten off to a great start due to a second COVID-19 outbreak in Thailand, many experts believe 2021 will be better than the past 12 months. The timeline for widespread vaccine distribution in the Kingdom remains unclear but should begin sometime during the first half of the year.

For the Thailand property market, there is hope of a recovery, although 2020 wasn’t as disastrous as it could have been. Some developers pivoted to new residential segments where real demand existed allowing them to offset losses. There was also activity in resort locations like Phuket as people began reexamining their priorities in a post-pandemic world.

Uncertainty will hover over the Thailand property market in 2021. It is important to note that this isn’t negativity. Here are three questions that will need to be answered.

Key questions facing the Thailand property market in 2021

1) When can tourists return?

The entire Thai economy is tied to the tourism sector and the sooner international visitors can safely return, the faster the Thailand property market will recover. Unfortunately, no one really knows when this will happen or what exactly it will look like.

In December, the Tourism Authority of Thailand (TAT) unveiled plans for a special tourist visa scheme that would allow holders to stay in the country for up to 270 days. Holders would be required to undergo a 14-day quarantine upon arrival and have proof of their long-term accommodation or residence. However,
tourism boards in both Phuket and Chiang Mai have complained that very little information about the TAT scheme is available
.

Perhaps the best hope for tourism in Thailand comes in the form of a regional travel balloon. This would allow visitors to quarantine in one country and then travel freely elsewhere in the region. A travel balloon could start before a widespread rollout of the COVID-19 vaccine providing the tourism sector with a much-needed boost in 2021. Before this can happen, more work is required to get COVID-19 under control.

2) Will Bangkok developers learn their lesson?

Many developers in Bangkok moved away from the condominium sector and focused on low-rise housing in 2020
. The move paid dividends as there was real demand for these properties. A number of homebuilders were able to save their year thanks to this shift. Several firms have already announced plans to ramp up efforts in this segment this year.

If this story seems familiar, well, it is. The Bangkok condo market boom between 2012 and 2018 essentially played out in a similar fashion. Some developers found early success, more followed suit and eventually there was a glut of units with
many remaining empty today
. This will be fascinating to watch in 2021 as there is a real risk Thai developers haven’t learned their lesson and will oversupply the low-rise housing market in search of short-term profits.

3) Can anything be done to attract foreign buyers?

Developers are hoping the Thai government does something to bring overseas buyers back

While overseas buyers haven’t completely exited the Thailand property market, their numbers have been dwindling for a while. Throughout 2020, developers urged the government to do something that would allow them to attract more foreign buyers.

There was some movement on this in December when the Thailand Privilege Card announced a new scheme that provided overseas buyers with a five-year visa when buying THB10 million or more in Thailand property. This was a welcome development, but developers are hoping for the government to step in.

The Thailand Development Research Institute urged for a short-term loosening of foreign ownership quotas in specific locations to help ease oversupply
. A number of other industry figures have called for similar measures, but it remains to be seen what, if any, action the Thai government will take.


3 reasons to join the Dot Property Show 2018 in Bangkok

The Dot Property Show 2018 returns to Siam Paragon from 5 to 8 July as exhibitors from around Thailand and beyond take the chance to show off their developments to eager shoppers. Now in its third year, the event has been hailed as the country’s best real estate show by local media.

If you’re looking to have a one-of-kind platform to sell your property project, look no further than the Dot Property Show. Here are 3 reasons to exhibit your project at the Dot Property Show 2018

Thailand’s property market on the road to recovery

In Bangkok, political stability and massive government investment in infrastructure have
real estate experts excited about the market
. Meanwhile, the Eastern Economic Corridor megaprojects are now underway and
this could boost Pattaya’s condominium market
.

Additionally, consumer confidence in the country is on the upswing while household debt is starting to fall, according to the findings of CBRE’s
2018 Real Estate Market Outlook
. The same report also noted that overseas buyers are responsible for roughly a quarter of condominium sales. All of this means more people are looking to purchase property in 2018.

An unmatched audience

The Dot Property Show 2018 provides exhibitors with a chance to be seen. Siam Paragon is Bangkok’s most trafficked mall and one of the busiest in Southeast Asia. With luxury brands and high-end dining spots, it is the preferred destination for the city’s high-society crowd. Additionally, tourists staying at the many 5-star hotels downtown are known to frequent Paragon meaning you have an audience with both local and overseas buyers.

Dot Property Show 2018 is your platform

Showcasing your company or project at the Dot Property Show 2018 gives you a chance to connect with new buyers in person. Whether buying for investment or end-use, most real estate purchases in Thailand are still done face-to-face. By exhibiting at the show, you will have this important face time with potential buyers. It is also a chance to rollout special offers, discounts or units designed to promote sales without having to worry if this information is reaching its intended audience.

The Dot Property Show will be held from 5 to 8 July at Siam Paragon’s Fashion Hall on Level 1. Don’t delay, a special early bird discount is now available. For more information, contact
[email protected]
 or call +66 02-254-0540 today!


3 Samui luxury villa developments with breathtaking sea views

The countdown to Thailand reopening is officially on.
Phuket remains on track to welcome vaccinated visitors quarantine-free starting on July 1
 with most other tourist destinations, including Samui, slated to open on October 1.

Honestly, there is no place in Thailand quite like Samui. The beaches are amazing, the people are friendly and it is far less hectic than some of the country’s other attractions. And while you can’t visit just yet, why not take a look at some Samui luxury villa developments with breathtaking sea views?

Several new projects have been launched over the past few months and with
the Pound and Euro suddenly much stronger against the Thai Baht
, now is a good time to see what’s available.

With that in mind, let’s explore a trio of Samui luxury villa developments with breathtaking sea views you will currently find on
Thailand Property
.

Samui luxury villa developments with breathtaking sea views

Bayview Estate

Nearest Beach:
 Coral Cove Beach

What we love:
 The awesome infinity swimming pool

Bayview Estate provides unblocked views of the sea

Bayview Estate is a bespoke collection of seven pool villas overlooking Chaweng Noi Bay. The views are completely unobstructed which means you can hangout by the infinity-edge swimming pool and simply enjoy the wonderful surroundings. And if you want to feel the sand at your feet, Coral Cove Beach is less than a kilometer away.

The villas have been designed to incorporate the natural environment of granite boulders and tropical bush found throughout the estate. What’s more, materials, colors and finishings have been carefully selected to enhance the surrounding beauty.

Click here for additional information

Santi Pura Villas

Nearest Beach:
 Bang Por Beach

What we love:
 The amazing design

Award-winning architect Khun Bodin Sritrakul designed Santi Pura Villas

Santi Pura Villas has been designed by Khun Bodin Sritrakul, an award-winning architect who is behind some of Samui’s most memorable residential developments. His vision for Santi Pura Villas just may be his best work yet.

Featuring Khun Bodin’s trademark Moon Shadow styling, the luxury villas are truly works of art. Each residence was laid out to not only maximize sea views but to also provide spacious, comfortable living areas that offer unmatched tranquility.

Click here for additional information

Avant Garden

Nearest Beach:
 Bo Phut Beach

What we love:
 Every room has a spectacular view

The layout of Avant Garden maximizes sea views and privacy

Avant Garden is nestled amongst the hills of northern Samui with views overlooking the sea and Koh Phangan. The developer has gone out of its way to maximize these vistas. For example, the bedrooms in each villa face toward the ocean and boast floor-to-ceiling windows. In fact, everything at the development is orientated towards the water.

Another notable feature of the villas is the layout which has been carefully crafted to ensure all residents can enjoy the utmost privacy. The developer of Avant Garden has truly considered every last detail meaning you can enjoy the best possible experience.

Related:
Avant Garden is the sleek, new Samui villa development everyone is talking about

Click here for additional information


3 small details that can add big value to your new condo unit

Windows and walls are important features of new condos that can go unnoticed

You’re faced with a lot of decisions when buying a new condo unit. Location and price are obviously the big ones. But small details also need to be considered. These can make or break your condo investment. With this in mind, let’s take a look at a trio of tiny details that have a massive impact on your new condo unit.

1) Windows

Windows are important for a number of reasons. Good windows can help cut the cost of your utilities bill by improving insulation. Air conditioners are expensive to operate so you don’t want that cool air escaping. These days, there are a number of windows available that are designed specifically to reduce energy costs.

It can be difficult to escape the sun in Southeast Asia. Cheap windows do little to reflect the sun’s rays and allow heat in. Some condos now have tinted windows that not only reduce sunlight, but add a level of privacy that can be nice if you’re located in a high-density area. Be sure to ask about the windows being used including what benefits they provide during your search for a new condo.

2) Mortar

Don’t worry if you’re not familiar with mortar. Not many people are. But this tiny layer of coating that is placed over the walls in most new condo buildings can make a huge difference. Low-end mortar can crack and offer poor sound absorption. It will look bad, bother your ears and be unpleasant to touch. We can only assume it tastes bad (unless you enjoy the taste of building materials) meaning four out of your five senses are being attacked when cheap mortar is used.

For starters, a good mortar doesn’t crack. Some lesser products can crack after only a few years due to a number of reasons. Additionally, good mortars are far more sound absorbent than traditional mortars. Even the noise from a heavy-duty home theatre system can be muted through the walls.

In terms of safety, you want a mortar that is fire resistant and able to withstand impact. The only downside, no matter how good the mortar is, it will still probably taste is still bad. But three out of four improvements isn’t bad. You may not know a lot about mortar, but a good one makes your new condo safer, more liveable and adds value to it in the coming decades.

3) Parking space

Every single new condo has a parking garage, but it is irrelevant if you don’t have a guaranteed spot. Some new condos opt to reduce the number of parking spaces in order to increase the number of units. Their reasoning is that not all owners will have a car.

In theory, it makes sense. But the reality is different. There are now stories of condo developments throughout Southeast Asia that have more cars than spots. If the unit you’re looking at doesn’t have a guaranteed space, you may be losing some value that is unlikely to be recouped.

The details matter

Searching for a new condo unit requires you to leave no stone unturned. You may see something banal like a window, walls or parking spaces and think these don’t matter. But they really do. Especially if you plan on selling your condo unit in the future or let it out.

During your
search
, be sure to investigate these details further to ensure the developer isn’t cutting corners or trying to get you to spend more for something that isn’t worth it. After all, no one wants to live in a condo that’s hot, has cracked walls and offers nowhere to park your car.


3 things to know about Melia Phuket Karon Residences

The highly-anticipated Melia Phuket Karon Residences is set to open in 2021. Backed by the Melia Hotels International brand and boasting a special design, the project won
Best Resort Residences at the Dot Property Southeast Asia Awards 2019
. It is the latest honor for a development that has been turning heads since first announced. Here are three things you should know about Melia Phuket Karon Residences.

Learn more about Melia Phuket Karon Residences

1) Best of both worlds

Melia Phuket Karon Residences doesn’t force you to choose between the beach or lush tropical greenery. Instead, you get them both. Nestled between mountain and sea, the project has ensured residents are connected to nature at all times.

Jungle foliage surrounds the entire resort allowing those here to enjoy a peaceful ambiance. The residences provide sublime panoramic views of the Andaman Sea and if you want to feel the sand at your feet, you can hop on the shuttle that will take you to Karon Beach.

2) Low density living

Melia Phuket Karon Residences

There are
73 nature inspired sea view condominiums and villas
 at Melia Phuket Karon Residences ensuring this is your personal paradise. An emphasis was placed on limiting the number of units making ownership here truly special. It is your personal paradise where you can enjoy Phuket at its unspoiled best.

3) Facilities to remember

Melia Phuket Karon Residences features its own beach club where you lounge away on one of the island’s most pristine beaches. But it is not all about the beach. Back at the resort, there is a rooftop, sea view swimming pool ideal for observing those picture-perfect Phuket sunsets. You can also take a lovely stroll through the landscaped gardens.

Residents also have access to the facilities at the connecting Meliá Phuket Karon hotel. These include the Forest Spa, fitness center, restaurant and a host of other amenities. With no shortage of activities at your disposal, you may never want to leave the award winning Melia Phuket Karon Residences.

Click here to learn how you can own a residence


There are a few things you should know about buying an off-plan condo unit

There are risks and rewards when it comes to buying an off-plan condo unit. The cost savings involved is definitely a key factor for many people. However, the downsides, including a loss of deposit due to the developer not completing the project, also need to be weighed carefully.

First and foremost, you need to choose a developer you trust when buying an off-plan condo unit. A proven company with a track record of completed projects is more likely to deliver what has been promised. This isn’t to say you should avoid smaller homebuilders. Just understand the risk can be greater. With that in mind, here are three things to remember when buying an off-plan condo unit.

Related:

Should you buy a condo unit in an older building

3 things to remember when buying an off-plan condo unit

1) Delays are allowed for

The purchase agreement you’ve signed when buying an off-plan condo unit usually allows the developer to delay project completion for basically any reason they see fit. There is no penalty in most cases assuming they have notified you accordingly. It is important to know what your rights are before agreeing to any sale. Be sure to ask the developer about this and understand what’s been included in the contract.

2) The showroom and CGIs are not always what they seem

New condo project showrooms and the CGI images used to promote them always look nice. A great deal of time and money has been spent to ensure these entice potential buyers. And then when the day finally comes to transfer the unit, everything seems a lot smaller and less illustrious. Is this a case of the developer overpromising something or you getting your hopes up?

In most cases, it’s a little of both. Showrooms and CGIs have been crafted exclusively to compliment the condo, not necessarily reflect how you’ll see it on a day-to-day basis. However, nothing in life looks like the marketing materials. Burgers are always juicier in TV commercials and IKEA furniture appears better inside the store than at your home. This is just how the world works.

3) Visit the site

Location is everything in real estate. And for years now, developers have been using non-scale maps and dubious measurements to make their condo projects seem to be in better locations than they really are. For example, being a five-minute drive away from a public transportation station isn’t all that helpful since you probably aren’t going to take your car there. On the surface, it sounds good. But the reality is a bit different. In this case, that short car ride is likely to be a fairly lengthy walk.

That’s why you should visit the site or at least see where it is on an actual map before buying an off-plan condo unit.

Keep Reading:

Is it better to buy a furnished or unfurnished condo?


3 things to understand about London property investment

Central London is providing international property investors with new opportunities

While the media frets over Brexit and the UK political situation, the country’s real estate market has opened up. In London, property prices have fallen from their 2014 peak with transaction levels remaining low in 2019. But this doesn’t tell the entire story.

The falling pound has given overseas buyers newfound financial strength. International investors who may have not been able to afford London properties in the past can now enter the market. Before jumping in head first, there are a few things you should understand about London property investment.

1) Brexit equals opportunity

On the surface, there is a lot of negativity surrounding Brexit. But for London property investment, it has actually turned into a great opportunity. As mentioned earlier, the significance of the falling pound should not be understated. International buyers who were priced out of London earlier in the decade are now finding it to be full of exciting, affordable real estate opportunities.

And while Brexit has been a drag on housing prices, this is only a short-term situation
. A poll conducted by Reuters
 found that most economists believe Britain will eventually agree to a free trade deal with the EU and this will see London home prices rise by one percent in 2020 and 2.5 percent the following year. Meanwhile,
Savills is forecasting 5-year price growth of 12.4 percent between now and 2023
.

Looking at the situation from a historical perspective can also provide some context. Stats from the UK’s Office of National Statistics show that the average London house price has increased by 580 percent over the past 30 years.

2) London’s central areas remain a target

London property investors have a lot of options when it comes to where they should invest. Fringe areas around the UK capital have grown in appeal, but London’s central areas, Zone 1 and Zone 2, remain the best areas for real estate investors wanting to rent out their property.

Rental yields vary from two to five percent for central London residences depending on the neighbourhood. This isn’t as high as fringe areas around the city, but demand in Zone 1 and Zone 2 is far stronger. Some real estate agencies are reporting as many as 14 aspiring tenants registering for every rental listing they have in prime London. However, it is a renter’s market on the outskirts of the city with more supply than demand.

The reasons for the strong demand in the city centre are straightforward. Many people can’t afford to buy property in central London, but still want to live here. Additionally, the UK government cut tax relief landlords were eligible for in 2017 and that led to a huge sell off of rental properties. This squeezed supply and saw demand surpass supply in Zone 1 and Zone 2.

3) Project quality must match the location

The Compton in St. John’s Wood from Regal London

Overseas buyers must understand that location isn’t the end-all, be-all when it comes to London property investment. It is important, but people willing to rent properties in prime London are expecting the best. If the quality of a residence doesn’t match the location its in, letting it out will prove difficult.

With more than 20 years’ experience, Regal London has an unbeatable track record of delivering outstanding residential-led, mixed-use schemes in central London.

Each of the developer’s more than 3,000 residential units completed and underway boasts Regal London’s hallmark of quality, with superior specifications. From elegant building designs to interiors created with innovation, detailing and craftsmanship, Regal London projects do not compromise on quality. The firm has even partnered with renowned interior designer Kelly Hoppen OBE on past developments.

Projects from
Regal
London
 include The Atelier in West Kensington, a stylish development embracing the sophistication of London’s most prestigious neighbourhood, and The Compton in St. John’s Wood, a luxurious project designed to be chic, comfortable, luxurious and functional.

Thanks to its meticulous attention to detail, Regal London isn’t just building places to live, but capturing what makes central London special. For investors, they can rest assured that they are buying from a developer who knows the market inside and out.


3 tips to help you be a good Airbnb guest in Southeast Asia

An example of what not to wear when using the fitness centre at your Airbnb stay in Southeast Asia

From
Malaysia
 to
Thailand
 and everywhere in between, Airbnb has changed the way people stay when travelling around Asia. However, the website’s rapid rise in the region left unit owners, stayers and even laws playing catch up. The biggest complaint about the service in Southeast Asia remains the behaviour of Airbnb guests that can interrupt the daily lives of residents. This is especially common in condominium buildings where space comes at a premium.

This forced building management companies to look for legal precedent that would limit or ban the service entirely. In Thailand, the status of Airbnb and similar websites remains up in the air with some unit owners accepting guests despite “no short-term letting“ signs now prominently featured in the lobbies and elevators of many buildings in Bangkok. On the other hand, no such problems exist in Vietnam or the Philippines despite some complaints.

Read More:

Where is Airbnb legal (and illegal) in Southeast Asia

If you wish to use Airbnb in Southeast Asia but don’t want to attract unwanted attention, it is important to be a good guest. It’s actually not all that difficult to do. Simply follow these three tips and enjoy your stay.

Tip 1 – Act like a resident, not a guest

For whatever reason, a small number of Airbnb guests don’t understand that they are staying in a residential building, not a hostel or hotel. You may see guests leaving trash around the grounds. Others loiter in the lobby without shoes on while talking loudly on Skype. No one who lives in the building, or anywhere else in the world for that matter, wants to deal with this, ever.

Instead of using common sense, a few bad apples treat the building they are staying in as if it was their home, alienating residents in the process. One of the selling points of Airbnb is the authentic, local experience users can take part in. Be mindful of this. If you don’t see other residents hitting the fitness room in flip-flops, chances are you shouldn’t be doing it either.

Tip 2 – Don’t jam up the facilities during peak hours

Speaking of fitness rooms and the like, be considerate when using these. What a lot of Airbnb guests don’t realise is the fact that all unit owners in a condo building or residential project pay a yearly facilities fee ranging from USD 300 to USD 2,000 and up. This fee goes towards maintenance and covers the costs of the resident living there. The person you’re letting the unit from has paid this, but nothing extra to cover all of the extra guests rolling through their condo during the year.

You can see why some residents may be upset by this. A few have even been known to report anyone using the facilities they believe to be a short-term letter. Depending on the building/country, you may be asked to leave. The solution here is quite simple. Don’t use areas such as the fitness room or swimming pool during peak hours when they will be in high demand from residents. Since you’re on vacation anyway, that early morning workout can wait until 9:30 am when everyone has left for work.

Tip 3 – Airbnb guests must think about security

Another complaint from residents about Airbnb guests is that they try to circumvent security measures for their own convenience. Security doors that require a key card for access are left open, keys are duplicated and extra visitors being allowed to enter are among the concerns to have been raised. Security is quite important to people living in Southeast Asia. It should be the same for you, even when staying at an Airbnb listed unit. Don’t cut corners or put residents in risk.


3 unique property investment opportunities available in Southeast Asia

This charming B&B in Northern Thailand is one of the unique property investment opportunities now available on Dot Property

Looking for a real estate investment that goes beyond your typical condo unit? In search of something with greater business potential. Dot Property has a number of unique property investment opportunities across our network of websites. From resorts to office buildings, you can possibly acquire something that is one-of-a-kind.

Naturally, these do come with more challenges. Firstly, you have to be aware of local regulations when it comes to property ownership. This may require setting up a business or finding a local partner. Additionally, you might have to operate the property or find a management company.

It isn’t always easy, but the rewards far outweigh the challenges. Especially if you are looking for something you can shape into your own. Finally, it is important to mention price. Many of these unique property investment opportunities are cheaper now than they were a few months ago or will be at the end of the year.

A number of owners are looking to sell their properties quickly in order to raise capital to support other projects. This makes now the best time to buy.

Southeast Asia’s most unique property investment opportunities

Chiang Dao Roundhouses B&B

Chiang Dao Roundhouses

Type:
 Fully operational Bed & Breakfast

Location:
 Chiang Dao, Thailand

Price:
 THB6.9 million (USD222,640)

Chiang Dao Roundhouses B&B is situated in the lush mountains of Northern Thailand. Located 90-minutes north of Chiang Mai, this part of the country is popular with guests for its beautiful natural surroundings, slower pace of life and ability to see the stars at night.

The charming property consists of unique round buildings made of local and natural materials such as bamboo and earth. There are three guest accommodations along with an owner’s house, common areas and everything else needed for operations. More importantly, Chiang Dao Roundhouses B&B has welcomed visitors for nearly a decade with countless positive reviews online.

There is potential for a new owner to expand the property or alter shift the focus to new segments such as health and wellness.

Click here for more information

Industrial space outside Metro Manila

Type:
 Warehouse/Factory complex

Location:
 Muntinlupa, the Philippines

Price:
 PHP68 million (USD1.3 million)

Sheds aren’t sexy, but
they just might be the best real estate investment available in the Philippines at the moment
. This warehouse stands out thanks in part to an ideal location on the outskirts of Metro Manila. It offers easy access to the South Luzon Expressway and other major roads.

The 1,374 square meter site can also be renovated to ensure it suits the needs of various logistics or industrial outfits. This isn’t a trophy asset but is one that will most likely be profitable.

Click here for more information

Upscale eatery in Vietnam

Type:
 Restaurant and bar

Location:
 Ho Chi Minh City, Vietnam

Price:
 VND3 Billion (USD129,200)

If you’ve ever wanted to get into the food and beverage game in Southeast Asia, now may be a good time to find the right spot. You will have time to rebrand the place you buy and launch it as more people want to dine out.

In Ho Chi Minh City, this modern bar and restaurant has the foundation in place for success. It comes with a full range of equipment, which is included in the sale price, as well as the proper documentation of a foreign-owned company, including a full restaurant license, that can be transferred. It can either be purchased as a turn-key establishment or molded into the eatery you’ve always wanted.

Click here for more information


3 ways to create a feature wall

A feature wall is the perfect way to brighten up a room without a complete overhaul.

Creating a feature wall will create an instant impact. It can be an easy way to change the look of your room with something to reflect your personality. We have selected three ideas for you to consider.

1. Display photos or mirrors.

Are you lacking shelf space to display your latest snaps? Or do you have some small pieces of framed artwork? If so, why not display them all in an organised fashion on the wall. In either a straight line or next to and on top of each other. Use the same style of frame style for a uniform look or you are feeling even more daring why not select different styles of small mirrors and display these on the wall instead. Whatever you decide to choose it is important to make sure that you spend time accurately measuring out where each one should go. Even if you are going for a hap hazard style, it needs to be spot on to look neat.

2. Pick up a paintbrush.

Pick a bold colour and create a contrasting wall than the rest of the room with a different shade. Or if you are feeling more daring pick a wallpaper but remember that that the wallpaper has to have one colour in it that is the same as the other painted walls to make sure it fits. Or simply paint the wall in blackboard paint and let your children loose on it!

3. Get arty with some wall graphics.

Place a graphic of any design on the wall. There are hundreds of designs to choose from to suit all tastes. A map of the world or an underwater scene appropriate for a child’s bedroom. Some wall stickers are even reusable meaning you can take your feature wall with you when you move.


3 ways to make your condo more romantic for Valentine’s Day

A romantic dinner at home can be the ideal way to celebrate Valentine's Day

Valentine’s Day is just around the corner and with it comes the never-ending stream of advertisements hawking flowers, chocolates, teddy bears and fancy dinners. And while all of these are fine, there is no substitute for spending quality time with your loved one.

With Valentine’s Day falling on a Thursday this year, it might be practical to make your condo more romantic and enjoy a nice dinner at home. Not only does this show that you care, but it provides a much more intimate experience that can be customised to suit your significant other.

Regardless of if you are a Romeo or Juliet, here are three ways to make your condo more romantic for Valentine’s Day.

1) Scented candles

Don’t just set out candles without a holder

It’s cliché, but the quickest way to make your condo more romantic for Valentine’s Day is by adding a few scented candles and keeping the lights to a minimum. Look, candlelight will forever be the most romantic light and the fragrance allows your condo feel like a different place.

More importantly, it’s really hard to mess up scented candles as long as you follow these two instructions. Firstly, make sure all the candles have the same scent. You don’t want to create a bunch of different smells that won’t compliment each other. There is a reason no one has made a lavender, sandalwood and peppermint candle. It would smell awful. Don’t make it on your own.

Secondly, don’t just put candles out everywhere like they do on TV. They need to be on something so the melted wax doesn’t ruin your furniture. You can find candle holders, but plates or even coasters can work in a pinch.

2) Red bedding

This is another touch that doesn’t require a lot of work, but can have a big impact. Red sheets, pillowcases and bedding set the mood and transform your bedroom. You can even upgrade to silk or satin sheets if you want the full Valentine’s Day look. Just be sure to swap out the red bedding after Valentine’s Day or you’ll adjust to it and the set will lose its romantic appeal.

3) A different dinner setting

If you are hosting a romantic dinner at home, don’t simply serve it the table you usually eat at. You want to make the occasion feel special. One way to do this is to move the table to the living room and surround with the previously mentioned scented candles, some string lighting and new plates and cutlery. Sure, it may be a lot of work moving everything around, but it’s worth it in the end.

While you may want to make your condo more romantic for Valentine’s Day this year, why not start looking for a new place for you and your loved one to call home in time for next year? Dot Property is the place Southeast Asia goes to move.
Start your search today!


3 ways to save energy during the holiday season

Keep holiday decorations simple this year will also help keep your electric bill down

While lighting up the house or condo in years past wasn’t an issue, it will cost you a pretty penny in 2022. That means you need to find ways to save energy during the holiday season if you’re going to avoid a lump of coal arriving in your stocking in the form of a sky-high utilities bill.

The name of the game here is reduction. Where can you lessen electric use on holiday decorations during the next month? This should help you fend off a massive spike on your next utilities bill, although you still may end up paying a little more.

With that in mind, here are three ways to save energy during the holiday season.

1) Switch to LED lights

If you haven’t switched to LED lights for your Christmas Tree and other areas, now is really the time to do so. These are more durable and use less electricity than traditional lights. They are also more affordable than you may realize and look just as good as those glass bulbs. More importantly, you don’t have to worry about LED lights getting hot and melting plastic ornaments.

2) Focus on non-electricity consuming exterior decorations

Look, you might love to festively light up the exterior of your house, or balcony and windows if you live in a condo. But will it really be worth the cost this year? Perhaps the biggest way to save energy during the holiday season is to utilize exterior decorations that don’t use power. It may not wow your neighbors or passersby, but they won’t be around when it comes time to pay the electric bill.

3) Turn the lights off when you leave

This should seem obvious, but countless people keep their holiday lights turned on when they leave the house. There is absolutely no reason for the Christmas Tree to be lit up if nobody is home. You are literally paying for nothing when doing this.

Keep Reading:

The best Christmas decoration ideas for small spaces


4 easy feng shui design tips anyone can use in their home

Light flows are important for feng shui

Finding easy feng shui design tips that work just as well in condominiums as two-story homes can be challenging. There are a lot of articles out there that either provide advice that’s not always practical, such as painting your walls, or entirely too vague, like remove negative symbolism.

Today, the goal is to find easy feng shui design tips anyone can use in their home. These are tangible things that will take a few hours to complete at most. Now, we can’t promise these fill your residence with positivity, but they should at least help start balancing its chi in the right direction.

Related:

Simple tricks to make your condo seem bigger

4 easy feng shui design tips

1) Add light to dark spots

Light flow is extremely important in feng shui design. For starters, go around your house and see if there are any dark or dimly lit corners or rooms because these are a source of negative energy flows. The fix here is simple. Either add a lamp to these spots or strategically place a mirror that reflects light into these spaces.

2) Keep your entryway clear

The first thing many of us do when getting home is take our shoes off and toss umbrellas and whatever miscellaneous stuff we’re carrying to the side. This goes against feng shui principles. Get a shoe rack and use it while also considering adding holders for other items that may clutter the entryway.

3) Use round tables

Sharp angles are bad when it comes to feng shui. And while it’s impossible to avoid them completely, minimizing when possible is a positive start. Swapping out square coffee and side tables for round ones is the easiest solution. It will also ensure you don’t damage your shin on the sharp corner of a table in the middle of the night.

4) Add plants and water

One simple way to fix negative feng shui is to incorporate natural elements like plants or water. Something small, such as a fountain on a table or shelf, can accomplish this and add a bit of overall peace to your home. If you are able to take care of plants and have the conditions for them to survive, adding a few around the house is recommended as well.


This is an interesting time for Bangkok condo investment. Pandemic-induced discounts are long gone while real demand is returning. Meanwhile, developers are beginning to launch new projects in this segment after nearly two years of inactivity.

There are also other factors to consider, such as the US dollar’s newfound strength against the Thai baht. With that in mind, here are some facts you should know about Bangkok condo investment right now.

4 facts you must know about Bangkok condo investment right now

1) Domestic demand is rising

After two years of decline and stagnation, domestic
Bangkok
 condo demand rose steadily between October 2021 and March 2022 in a sign the situation is improving. More activity is obviously good news for investors.

According to data from Dot Property Group,
domestic Bangkok condo demand increased by 27.7 percent between the fourth quarter of last year and the first quarter of 2022
. The increase in demand is aligned with daily life in Bangkok returning to normal. In-person work has resumed, and Thai buyers are exploring what’s available on the condo market in locations closer to the office.

However,
the Dot Property Group Bangkok Condo Market Report Q1
 found that international demand remained flat over the same period.

2) Infrastructure supports interest in suburban locations

Bang Sue Grand Station and other projects are supporting condo demand in suburban Bangkok

The Greater Sukhumvit area had the highest amount of Bangkok condo demand among both domestic and overseas buyers. That being said, each group is expanding their location preferences. Domestic Bangkok condo demand diversify away from the Bangkok core with 6.9 percent of all domestic inquiries between October 2021 and March 2022 in the Bang Sue, Chatuchak Lat Phrao districts. That area is home to Bang Sue Grand Station; SRT Red Line and Light Red Line; and MRT Brown Line among others.

Meanwhile, the east suburban area of Suan Luang and Bang Kapi received 5.7 percent of all domestic inquiries between October 2021 and March 2022. This area will be served by the MRT Orange, Brown and Yellow Lines with all three meeting at the Lam Sali Intersection in Bang Kapi.

Oversea demand is more concentrated in Bangkok’s prime location: Greater Sukhumvit, the CBD and Central Bangkok. Interest is increasing along the Riverside though with the area accounting for 8.1 percent of all international inquiries during the past two quarters.

3) Developers resuming launching Bangkok condo projects

Khun Kamolthip Bumrungchatudom, AP Chief of Condominium Business Group

Several of Thailand’s largest homebuilders have come out with positive statements about the Bangkok condo market in 2022. AP is launching five condominiums this year after seeing interest for units pickup to end 2021.

“Our presales were entirely from existing projects as we had no new condo projects launched during the period. Most were either completed or nearly completed projects,”
Khun Kamolthip Bumrungchatudom, AP Chief of Condominium Business Group, reported
. “Condo supply and demand almost match in some locations as developers cut new launches during the past two years.”

Sansiri
 and Supalai also recorded an uptick in condo sales and transfers with the latter going on record to predict a full Bangkok condo market recovery by year-end.

“Condo sales clearly recovered in the fourth quarter of 2021, resuming in the first quarter this year with our best results in five quarters despite a peak in COVID-19 cases during that quarter,” Supalai Managing Director Khun Tritecha Tangmatitham noted. “Good sales in the condo market were among completed and ready-for-transfer units as the prices were rarely increased.”

4) US dollar buyers enjoy newfound strength

The US dollar to Thai baht exchange rate surpassed the 34 to 1 mark in late April and has stayed above that level for a month. This is the strongest the dollar has been against the baht in nearly five years which is good news for those considering Bangkok condo investment and using American currency.

It remains to be seen how much further the dollar will strengthen against baht. The last time there was a sustained exchange rate of 35 to 1 was March 2017 while a 36 to 1 rate was last reached in January 2016.


4 of Malaysia’s best beaches

Perhentian Kecil

Head to one of these sandy shores in Malaysia for your beach fix.

If you want to get out of the city and hit the beach then you are in luck. Malaysia has an impressive number of sandy beaches to keep every type of beach-worshipper happy. With so many to choose from we have decided to give you a round up of our top four.

1. Langkawi.

Langkawi is world famous. Nestled up on the north west coast on the Andaman Sea and bordering neighbouring Thailand, this glistening island is in fact made of up an archipelago of 104 islands. Best visited between November and May due to lower humidity and lots of sunny days, it is also is fortunate to receive less rainfall compared to the eastern coast of Malaysia meaning that it can be visited pretty much year round although September to November are the wettest. One downside to Langkawi is that top end resorts occupy some of the best coves on this island meaning that you cannot enjoy them unless you are a guest. However the island has access to some great diving and snorkelling site namely Palau Payar Marine Park, so there is good reason why people continue to flock here and its picture perfect beaches.

2. Tioman.

If you are looking for something a little less developed then head to Tioman on the eastern coast. Just 32 kilometres of the mainland it is a mecca for those who love the outdoors with lots of trekking opportunities in the jungle. Golf is an abundance here but if dry land isn’t your thing then dive down to the Tioman Marine Park to explore the underwater world. There is a good range of accommodation on the island dependent on your needs each with its own vibe. A word of warning, monitor lizards can be found on Tioman as well as monkeys who have a particular liking for golf balls.

3. Perhentian.

The Perhentian Islands have become a popular place for backpackers. Literally translated as ‘the place to stop’, it is not surprising that this group of five islands has given itself such a name. Travel to the northeastern side of Malaysia and you will be greeted by white sandy beaches and crystal clear waters. This is certainly a hidden gem. Despite there being a good choice of budget accommodation on the island thanks to the backpacker following, there are some good family options too and the chance to retreat from some of the party action. The islands are accessible by ferry from the mainland and other ferries operate between for those looking for a spot of island hopping.

4. Similajau National Park.

If you are feeling a little more adventurous still then head to Similajau National Park on Sarawak. Ideal for nature lovers as this is the place to see gibbons, turtles, macaques, a plethora of bird species, plus lush forests and waterfalls. The best time to visit is between April and September and to see turtles beteen March and September. Wait patiently on these golden sands to watch turtles lay their eggs, but you will need a permit to do so. Campsites and hostels are on the island plus a café. The Similajau National Park is the place to embrace Malaysia’s jungle and beaches side by side.


4 reasons why savvy investors choose Cardiff purposed-built student accommodation

Photo/Dai Lygad - Cardiff University is one of the most respected schools in the UK

You can receive a GBP3,000 discount on an apartment in Cardiff’s most exciting purposed-built student accommodation project just by registering your interest. Keep reading for more information
or
click
 here
.

Home to three universities and a rising population of international students, you would think there would be plenty of Cardiff purposed-built student accommodation. However, that is not the case. There remain far more students than student-focused accommodation in the Welsh Capital.

And this is just one reason savvy investors are choosing Cardiff purposed-built student accommodation. Let’s take a deeper look at what makes it one of the UK property sector’s hidden gems.

Why Cardiff purposed-built student accommodation?

1) Cardiff is an educational hub

Cardiff has become a world-class educational city with three major universities and 37,500 students, including 8,100 international students, now located here, according to data from The Complete University guide. The highly-regarded Cardiff University, Cardiff Metropolitan University and University of South Wales are among the most prestigious schools in the UK and also popular with overseas students.

For example, Cardiff University having increased its intake by 15 percent when compared to the rest of the UK. Meanwhile, the EU-based international student body has grown by 31 percent while the non EU-based international student body is up 18 percent since the start of the decade.

2) More students than purposed-built student accommodation

The supply of Cardiff purposed-built student accommodation hasn’t been able to keep up with the rapidly growing student population. An estimated 25,354 students in Cardiff are searching for this type of housing, but won’t be able to secure a unit. For every single unit of Cardiff purposed-built student accommodation, there are 25 students in the city wanting student-focused housing.

3) Students want better housing, closer locations

Features are important to students who want to live in a space that matches their lifestyle

Students in Cardiff want purposed-built student accommodation because it suits their lifestyle. From common areas to co-working zones and other amenities, this type of housing is more desirable than traditional homes with multiple occupants, the only option currently available to most students.

Location is a factor as well. A little more than 2,000 students currently live in the CF10 postal code where Cardiff University and the city centre are located. The majority of these students have to live in suburban areas that are between 15- and 30-minutes away on foot. This makes getting school inconvenient while also hampering social life.

Student unions in Cardiff have been lobbying for better standards of accommodation while students continue to want to live closer to the schools they attend as well as the city’s main shopping streets and leisure hotspots.

4) Strong returns

Knight Frank reported that average yields in Cardiff are being recorded at 5.59 percent, well above the UK average of 4.72 percent. The consultancy also found that Cardiff had the fastest annual student rent growth in the UK during 2017/18. That figure is nearly quadruple the UK’s average rent growth during the same period and places Cardiff purposed-built student accommodation at the top of the class when it comes to investment returns.

Your chance to invest in Cardiff purposed-built student accommodation

Limited supply means opportunities to invest in Cardiff purposed-built student accommodation are not easy to find. One project that ticks all the boxes is Vita Student Cardiff from Select Property Group, the UK’s leading property investment specialists.

The development is located in the heart of Cardiff city centre and is just a five-minute walk from Cardiff University. This places it in the area where demand from students is the highest. Additionally, the fully managed property is part of Select Property Group’s Vita Student brand that specialises in purpose-built student accommodation.

Vita Student Cardiff

In fact, Vita Student Cardiff is the developer’s 20th fully managed Vita Student project. For international property seekers, they can be confident they are investing in a brand that has a proven track record and is known for providing a hassle-free experience. Select Property Group accomplishes this by offering investors one-stop for all services.

Vita Student Cardiff has only 401 apartments, so investment opportunities are limited.
Select Property Group is currently providing an exclusive GBP3000 discount to anyone who signs up for more information on the project
. The developer is also offering investors 6.5 percent NET rental yield assured for three years.

Don’t miss this chance to invest in Cardiff purposed-built student accommodation. Limited supply, a lack of development in central areas and high demand makes Vita Student Cardiff the ideal UK real estate investment.

Click here to receive a GBP3,000 discount on Vita Student Cardiff


4 reasons to invest in student accommodation

If you are looking to invest in UK property then consider student accommodation.

Article 50 has been triggered. The UK will leave the European Union. The sterling has been at an all time low. Good news for overseas investors wanting to snag a bargain thanks to the favouring exchange rates.

UK property holds a certain status. But aside from this it has proven to be a lucrative investment asset. The legal system is transparent. It is politically and economically safe despite any stirs caused by events such as Brexit. It is a safe haven than consistently proves its worth as a good place to invest.

However due to rising prices much of the property in the UK is out of reach for many investors. There is the option of buying property as part of a syndicate however more recently student accommodation in the UK has become a preferred investment option.

The UK is home to some of the leading universities attracting attendees worldwide. With not enough university owned accommodation available, many developers have ceased this opportunity building units ideal for occupiers who prefer a good quality home with 24 hour security and lift access.

Why this market?

1. Values are low.

Buying a single room is much cheaper than buying a whole property. Therefore less funding is needed and you can even add to your portfolio if you wish.

2. Hassle free.

Many developers offer to manage the property as part of their services. This includes fixing any repairs and sourcing a tenant making for an effortless investment. Plus often the rent is guaranteed with a high rental yield.

3. Demand is high.

The UK has an acute housing shortage. Plus on top of this records reveal that there were over half a million university students in the UK in 2015. This number is expected to have increased, but either way it shows the sheer pressure on housing.

4. Students can be model tenants.

If you are aiming for the international student market then it is worth remembering that many of these students have paid a fair amount in tuition fees to attend university overseas. Thus they are more likely to be studious and good tenants. Many of whom pay six months rent in advance.


First-time condo buyers tend to ride a rollercoaster of emotions. There is the excitement of potentially owning a home, nervousness over the mortgage process, worry about finding the right unit and a whole host of other feelings. It can all be a bit overwhelming.

That doesn’t even factor in the things you don’t know about the process. With so much happening, many first-time condo buyers miss essential details. A real estate agent will help guide you through this journey, but they can’t answer questions you don’t ask.

Don’t worry; we’re here to help. Here are four things first-time condo buyers must consider. Knowing these before you make a purchase can ensure your new home is a happy one.

4 things first-time condo buyers must consider

1) What are the homeowner fees/dues?

Many first-time condo buyers have no idea that they are obliged to pay homeowner fees/dues. Some are even surprised when the bill for this shows up. Payment terms will either be monthly or annual and this varies by location and developer.

Homeowner fees/dues go towards property maintenance and improvement. After all, that swimming pool won’t clean itself. It is important to note paying this is unavoidable as you agree to it when signing a purchase agreement. That is why you want to know how much it is going to cost before you buy.

2) Is a parking space guaranteed?

Not all projects are able to guarantee unit owners a parking space. In some instances, it is available on a first-come, first-served basis. Other projects may require you to pay extra for a spot. Whatever the case may be, make sure you know what to expect before moving in.

3) Furnished, fitted or empty

What you see isn’t always what you get. Many first-time condo buyers walk into a unit and assume everything inside comes standard. That is almost never the case. It’s vital to know what exactly will be inside, so you don’t go over budget purchasing furniture, electronics and other household essentials.

Keep Reading:

Is it better to buy a furnished or unfurnished condo?

4) Renovation regulations

You may want to paint your unit in the future or install shelves. Perhaps you come to dislike the flooring and want to change it. It is impossible to know what the future might bring. With that in mind, you should have a clear picture of what renovations can be carried out as well as how the approval process works.

This can vary quite a bit from building to building, so you should have an idea of the renovation regulations before buying. Overlooking this might not be a big deal at first, but who knows how you’ll feel once the honeymoon period with your condo ends.

Related:

3 interior design trends in Southeast Asia to watch in 2023


Do these 4 things to get the most from your off-plan condo investment

In Southeast Asia, off-plan condo investment continues to dominate the real estate industry. Buyers from Hong Kong, China, Singapore, Europe and the Middle East are all comfortable with buying condo units off-plan. The process is easy and doing so usually allows for the highest possible returns.

Of course, off-plan condo investment is not a sure thing. If you want to get to most from your purchase, follow these four tips.

Get the most from your off-plan condo investment

1) Buy early

The cheapest prices can be had as soon as a developer launches a new project. In fact, many developers are now conducting pre-selling periods where exclusive deals are offered. The reason for this is simple. Most developers want to realise revenue before starting construction. They are willing to offer cheaper prices until shovels hit ground to obtain enough financing that ensures the project is worth it.

See more:
4 tips to avoid overpriced homes

2) Buy for tomorrow, not today

Savvy investors understand they are investing in both a specific project as well as the neighbourhood it is located in. Be sure to see if there are any future infrastructure projects nearby that will improve connectivity or if there are plans to build retail or commercial centres. These can positively impact property prices and bring extra value to your investment.

3) Know the developer

It is important to be confident in the developer. If you’re considering an off-plan condo investment with a homebuilder, get to know their work first before deciding to buy. What are the most important things to research? You should see if they have ever failed to complete a project as well as if they have ever been late transferring units. These are two red flags that could sink your off-plan condo investment.

4) Think about furniture

If your condo is not fully furnished and you plan on letting it out, the unit will need some decorating. Hiring an interior designer is a smart move if decor isn’t your thing. However, it is easy to do this yourself if saving money is the name of the game. In most cases, the basics, such as a bed, couch, television and tables, will suffice. Remember, the look of the condo unit isn’t about you, but who will be renting it out. Avoid loud art pieces or anything else you like, but could be seen as a turn off.

See more:
How to select the right interior designer


If you are thinking about Philippine condo investment in 2021, there are a few things you are going to want to know. To start with, it is a bit of a disjointed time for the condo market. After years of steady growth, prices fell drastically in the third quarter of 2020 and haven’t really recovered yet.

However, not all segments and locations have been impacted. Many experts remain optimistic about the overall state of the market. So, while Philippine condo investment in 2021 can still be a smart play, it’s important to understand the current situation which is very different from prior years.

Related:

3 key questions facing the Philippine property market in 2021

4 things to know about Philippine condo investment in 2021

Luxury dominates Metro Manila

The luxury condo market in Metro Manila was very active last year

The Bangko Sentral ng Pilipinas (BSP)
Residential Real Estate Price Index
 found that condo prices in Metro Manila declined in both the third and fourth quarter of 2020. Despite this, JLL found the luxury condominium market to be resilient last year with pre-selling projects in high demand.

“Luxury projects are doing relatively well while some declines of existing projects are offset by the resiliency of upcoming projects in Taguig and Makati, but the mid-level has been affected by price decline given the weakened overall demand,”
Janlo Delos Reyes, Head of Research and Consultancy at JLL Philippines, was quoted as saying by the Manila Bulletin
.

This was corroborated by research from Colliers International that found 86 percent of luxury and mid-market property developments set to be completed between now and 2022 had already been sold. According to the consultancy, a limited supply of luxury condominium units in Metro Manila means both prices and rents should continue to increase.

Shifting preferences

On the other end of the spectrum, prices and rents for low- and mid-end condominium units in Metro Manila are falling. Several developers noted a change in consumer preferences as it relates to housing. The “New Normal” and work from home measures now being adopted in the Philippines means living in the city is no longer a requirement for most people.

With that being the case, more home seekers are currently looking at house and lots in provincial areas adjacent to the National Capital Region. These are similarly priced to mid-range condominiums in Metro Manila and usually provide more space and wellbeing benefits.

This trend isn’t simply impacting the residential sector.
Many Philippine businesses are moving to suburban townships
 which may accelerate demand for housing outside the NCR.

Cebu prospects remain bright

Mactan–Cebu International Airport is one of several infrastructure projects supporting the real estate market in the region

The best place for Philippine condo investment in 2021 is most likely Cebu. Two key factors have been responsible for driving residential demand in Cebu over the past ten years. Firstly, home prices are significantly less than those in Metro Manila which is appealing to buyers. Secondly, a number of infrastructure projects will improve the region’s connectivity and boost property prices in the future.

“Colliers projects a potential rebound in residential demand in 2021 (in Cebu) and thus sees a faster pace of price increase from 2021 to 2022 to reflect a stronger residential market,”
Joey Bondoc, Colliers Philippines Senior Research Manager explained to the Philippine News Agency
. “The residential sector of the area is at a discount as compared to projects located within the country’s capital. The proliferation of both local and national developers in Cebu has raised land and property values.”

Think long term

Those considering Philippine condo investment in 2021 need to look at the bigger picture. Prior to 2020, home prices across the board had increased for five consecutive years. Obviously, COVID-19 has impacted the property market, but things should recover quickly once the situation returns to normal.

First Metro Investment Corporation, the investment banking arm of the Metrobank Group, believes the Philippines will record 6- to 7-percent GDP growth and attain USD4,000 per capita by 2023. Meanwhile, BSP has envisioned a scenario where GDP growth could reach as high as 10 percent in 2022.

What’s more, there remains real demand for all types of housing in the Philippines. The climate here is much better than Thailand and Malaysia where oversupply is currently prevalent when it comes to condominiums. Undoubtably challenges remain but investing int the Philippine condo market is still worth considering this year.


Philippine property investment in 2023 will chart a different course than what we have seen over the past few years. The pandemic is fully in the rearview mirror and a recovery is already well underway in most locations and segments.

In places such as Metro Manila, demand and prices rose noticeably in 2022 meaning investors may want to act quickly. Other locations, such as Davao and Metro Cebu, are up-and-coming real estate destinations in the Philippines worth exploring.

Being informed is vital whatever your decision happens to be. That is why we are here with four things you want to know about Philippine property investment in 2023.

4 things to know about Philippine property investment in 2023

Prices on the rise

Philippine property prices rose again in the third quarter of 2022 with the Bangko Sentral ng Pilipinas (BSP)
Residential Real Estate Price Index
 rising 6.5 percent year-on-year in the third quarter of 2022. The biggest gains were seen in the National Capital region where residential property prices surged by 14.6 percent due in large part to the condominium sector.

This was the sixth consecutive quarter that Philippine property prices have risen, and they are now inching closer towards pre-pandemic levels. Home price growth coincided with on-site work and in-person classes resuming in full.

Those thinking about Philippine property investment in 2023 may not want to wait too much longer before buying. Pent up housing demand in several locations means property prices are expected to continue on their upward trajectory assuming the central bank doesn’t aggressively increase interest rates.

Metro Manila condo market heats up

If you are wondering why Metro Manila condo prices are on the rise, well, it has everything to do with a hot market.
According to data collected through the Dot Property Group network of websites
, the number of inquiries made for Metro Manila condo units rose by 54.7 percent year-on-year during the fourth quarter of 2022.

Bonifacio Global City and Makati continue to lead the way when it comes to Metro Manila condo demand. The two areas, which are home to several key business districts, accounted for nearly half of all National Capital Region (NCR) condominium inquiries last year. Quezon City, City of Manila and Pasig round out the top five locations for condos in the NCR.

The majority of Metro Manila condo demand continues to be for studio and one-bedroom units but a shift over 2022 saw interest in two-bedroom condominiums rise steadily. A need for larger spaces was among the most noticeable trends to emerge during the pandemic and doesn’t appear to be slowing down.

Download the Dot Property Group Philippine Real Estate Year in Review here
!

Davao poised for a breakout?

A focus on infrastructure continues to benefit the Davao property market

For the past few years, the Davao economy and real estate market have outperformed the rest of the Philippines. Despite this, the region has flown under the radar among many investors. Could 2023 finally be the year it breaks out on the regional stage?

It is hard to say. Davao certainly has everything needed to draw in real estate investors. Not only has there been a significant investment in local infrastructure but the region continues to attract national and international companies.

There is also some exceptional beaches and tourist destinations in Davao. Seriously, how is Samal not more well-known? The local government has plans to bring in more visitors with
1.8 million expected in 2023
.

Elsewhere, developers are rolling out new projects here with some, such as
The Piazza at The Grand Citygate Davao
, providing outstanding investment terms. Even if Davao doesn’t get the attention it deserves this year, savvy real estate investors should keep an eye on what’s happening.

Don’t be tricked

Property buyers, especially ones overseas, need to be alert for real estate scams

Those considering Philippine property investment in 2023 will want to have their guard up when looking for real estate. Over the past few years, scams have become more prevalent with the biggest issue being unlicensed agents falsely representing properties. These individuals use platforms, such as Facebook, to find property seekers.

“Ninety percent of real estate salespersons on Facebook are unlicensed,”
PAREB Senior Vice President Jovencio Cainong was quoted as saying by the Philippine News Agency
. “The continued operation of colorum agents have resulted in loss of income for the licensed real estate practitioners and poses a high risk for the buyers. Buyers are at risk of being offered fictitious properties or even with problematic titles if they transact with unlicensed agents.”

OFWs and international investors are at the highest risk of being tricked. Many scammers come across as professional making it difficult to identify unlicensed brokers digitally or over the phone. The best way is to ask the person you’re speaking to provide proof they are a PRC Accredited Real Estate Salesperson. Remember, only these individuals are legally allowed to sell properties.

We also recommend having a locally-based attorney take a look at everything before investing. There are other scams, such as the use of a fake title, they can spot. And while it may cost extra, it’s far better having peace of mind before you buy than finding out something is wrong after the fact because that will see you spend a lot more money.

Related:

Philippine real estate agents join forces to protect the local property market