Thailand real estate’s next big thing: Learn how 8Villas is leading the way in Khon Kaen

This look at Thailand real estate’s next big thing, 8Villas and Khon Kaen is featured on the cover of the latest issue of Dot Property Magazine.
Click here to read it
.

No one could have imagined just how the condominium market in Bangkok would have taken off 30 years ago. Some of Phuket’s most popular real estate destinations were little more than afterthoughts less than two decades ago. The moral of the story is that property investors need to look at the bigger picture when searching for what’s next.

Backed by a strong local economy, significant infrastructure investment and a lifestyle people love, Thailand real estate’s next big thing is Khon Kaen and developer 8Villas is at the forefront of this movement.

One of the biggest misnomers people have about Khon Kaen, and all of Isan for that matter, is that it is rural. Over the past decade, the region has blossomed due in large part to massive economic growth of 40 percent from 2007 to 2011. In the decade since that boom, spending power has increased, and the property market has blossomed.

Both overseas and local property buyers are drawn to Khon Kaen for the same reasons. Firstly, the city has a rustic charm. The people are friendly, the surroundings are peaceful and it provides a family-oriented lifestyle that can be hard to find elsewhere.

“There is just so much warmth here. It’s friendly and authentic. The pace of life is amazing. You are surrounded by the countryside. But the little conveniences, like Central Plaza and Big C, are just around the corner. You don’t have to sacrifice anything,” Brian, the Sales and Marketing Manager at 8Villas, explains.

Secondly, the city is safe from natural disaster. There is no threat from tsunamis, earthquakes are not an issue and the flooding risk is minimal. Finally, Khon Kaen is only a 45-minute flight from Bangkok.

Khon Kaen Airport is currently undergoing extensive renovations that will allow it to handle five million passengers annually and increase the number of destinations available to travelers. And this is only one of several infrastructure projects that is set to transform the region into a transport hub that serves a key link between Southeast Asia and China.

The city is located along the second phase of the Sino-Thai high-speed railway that will eventually connect Bangkok to Kunming in China. Local officials are confident this will spur business and provide new opportunities. It will also make Khon Kaen attractive for companies looking to expand their presence in both Thailand and Asia as a whole.

Simply put, Khon Kaen truly offers it all. The general livability is outstanding. Its investment potential is unmatched in Thailand. According to Brian, this is the chance to get in on the ground floor of something special.

“Khon Kaen, and Isan as a whole, are brimming with potential that’s begging to be tapped into,” Brian states. “People who visit, love it here. It’s a great place to be. A family-oriented place that has those traditional values people still care about. This combination livability and investment potential makes it truly special.”

Related:
Explore Khon Kaen: Cool Isan comes to life

8Villas brings a unique vision to Khon Kaen real estate

8Villas was the first developer to launch international-quality residences in Khon Kaen

To understand 8Villas, it’s important to know their motivation. Not only does the management boast a wealth of international real estate experience, but they have lived in Khon Kaen for years. It is the place they are proud to call home.

“We are part of the Khon Kaen community. For us, this isn’t simply about building houses and selling them,” Brian details. “We live in our developments. It is important to us that our projects are comfortable because we are here all the time. This is our home.”

The process starts by finding a suitable location. Management looks to find land that speaks to them. A place that inspires them to create. No one looks at residential development quite like 8 Villas in Khon Kaen and even Thailand as a whole.

An outstanding example of this can be found at 8Villas Riverside, the homebuilder’s latest project. They saw the potential for something entirely different. A place where they could tell a story. The end result is a majestic estate that is close to the city but surrounded by peace and quiet. It is a safe neighborhood where everyone can feel comfortable and at home.

“The details and unique architecture of 8Villas is a first for Northeast Thailand. It’s luxurious and unique,” Brian states. “It was important for us to offer a different perspective to building in this part of Thailand. We knew the demand for luxury housing was here, but no one was doing it. Unlike other developers who acquire a plot and build a cookie cutter project that is focused on revenue, our approach provides us with the freedom to do what no one else is doing.”

8Villas was the first developer in Isan to build pool villas. It is a style people love and everyone is familiar with in Thailand. However, you couldn’t find many homes with a pool in Khon Kaen before the first project from 8Villas was launched. The management team looked into why it wasn’t being done and worked to find a solution that made it possible.

“No one was building pool villas in Khon Kaen because residents didn’t want the hassle of maintaining a pool. The solution to that was actually quite simple,” Brian points out. “Pools at our residences are cared for each week. Maintenance is scheduled and carried out seamlessly. It is part of the bespoke experience 8Villas provides to ensure residents enjoy a worry-free experience.”

Each home also features a number of other small but important features that make daily life convenient. Case in point, villas come equipped with indoor and outdoor kitchens that provide greater flexibility when it comes to preparing meals. This may seem minor, but those who have lived in Thailand know just how crucial it is.

Attention has also been paid to the layout with indoor and outdoor spaces connected to give the homes life. Open indoor areas flow into sweeping outdoor areas. This design concept was very deliberate in order to maximize both space and privacy.

Quality and community

8Villas focuses on building developments that boast both privacy and community

There are two things you get when buying a residence at an 8Villas development that you can’t find anywhere else in Khon Kaen–quality and community. The developer values both these characteristics highly and goes above and beyond to incorporate them at all projects.

“We control the entire building process ensuring the highest quality. We have a team of contractors to carry out construction. Every last detail is looked after. Even something as small as the placement of an electrical outlet is considered,” Brian says. “Quality control is a big part of what we do at 8Villas. We double, triple and even quadruple check everything at all of our villas. We have engineers on staff to make sure everything is done right.”

What’s more, the 8Villas team is always happy to answer any questions you might have. The process is very transparent because they are invested in creating the highest quality residential experience possible. They don’t want to simply sell you a house.

“This isn’t a transactional relationship. Our clients become friends and family. And really, that’s because 8 Villas is a family business. We take care of each other and look after one another,” Brian details. “We are always here to help our owners. Customers constantly phone us up. You don’t get that kind of bond elsewhere.”

If you visit an 8Villas project, you can’t help but notice a genuine sense of community among residents. There is a family-friendly atmosphere that can be difficult to find just about anywhere in the world these days.

“It is important for us to provide both community and security. People feel safe here and they feel like their privacy is respected. However, we also go out of our way to make sure everyone feels welcome by setting up communal areas,” Brian notes. “During COVID-19, this was very important. Everyone felt safe here and like they could have their own space while still seeing one another. It truly felt like we were all in this together. You don’t get that in other developments.”

A smart investment in Thailand real estate’s next big thing

The potential of Khon Kaen makes it Thailand real estate’s next big thing

Khon Kaen is Thailand real estate’s next big thing. Not only are land prices rising, but there is real demand in the city for high-quality residences. It’s something 8Villas has seen firsthand over the years.

“Many of our buyers have purchased multiple homes, one for residence and one for rent, due to the fact houses never sit empty,” Brian reports. “The 8Villa residences that are available for rent never hit the open market. Some tenants have been renting at 8 Villas since the project was first completed.”

Unlike other developers that rely on guaranteed returns to attract buyers, 8Villas doesn’t need such programs. For starters, renting out a home in Khon Kaen is much easier than in Bangkok or somewhere else.

“8Villas is great from a financial standpoint, regardless of if you’re buying to live or buying as an investment. You’re going to see returns and appreciation. And more importantly, when you want to sell, demand for your home will be there as well,” Brian states.

Ultimately, Khon Kaen is liveable and investable. And the true potential of the city is only starting to be realized. If you’re looking for Thailand real estate’s next big thing, this is it. And with its unique vision for high-quality residences that provide a true sense of community, 8Villas is leading the way.

For more information:

8villas.co.th

Phone:

+66 95 658 3038 (English)

+66616 694447 (Thai)

Line:
 brian8villas

Email:

[email protected]


Thailand set for a full reopening in 120 days as airports get ready

Airports are undergoing improvements as Thailand looks to fully reopen in 120 days

Thailand plans to reopen its borders in full and has set a 120-day timeline to make it happen. During a televised address, Prime Minister Prayut Chan-o-cha said fully vaccinated visitors could return to tourism destinations across the country without needing quarantine in four months’ time.

In order to make this a reality, government organizations and provinces have been encouraged to begin preparations for a potential reopening.
The Bangkok Post reported
 that provinces will need to inoculate 70 percent of their population before being allowed to welcome foreign tourists.

According to the Prime Minister’s timeline, Thailand would be fully reopened by the middle of October assuming everything went as planned. The government noted that it will continue to monitor the situation throughout the country and adjust plans if necessary.

“The only exception to these guidelines will come if a truly serious situation arises or seems likely to emerge. We will look at and deal with such situations on a case-by-case basis,” the Prime Minister explained. “I know this decision comes with some risk because when we open the country, there will be an increase in infections, no matter how good our precautions.”

Airports ready for the return of tourists

Airports throughout the country are already dusting off tarmacs and cleaning up check-in kiosks in anticipation of tourists returning. While it remains to be seen just how many people will travel to Thailand once it reopens, international flights are expected to resume to all major cities.

Department of Airports Director-General Apirat Chaiwongnoi told Thai PBS
 that improvements have been made to airport terminals and runways with COVID-19 measures also being fitted. It was noted large airports would be first in line for the upgrades.

All eyes will shift to Phuket on July 1 with
the island being the first place to accept vaccinated tourists
. Overseas arrivals won’t need to quarantine but must stay for a minimum of 14 days. Several airlines, including Thai, Emirates and Qatar, have announced that they will offer international flights once Phuket opens.


Thailand to welcome visitors in October as Special Tourist Visa approved by Thai government

After months of quiet, a Special Tourist Visa program will bring overseas visitors to Suvarnabhumi Airport

A Special Tourist Visa program has been approved by the Thai government with holders allowed to arrive in the Kingdom starting on October 1. Deputy Government Spokesperson Traisuree Taisaranakul told local media that the visa was the first step towards reopening the country to visitors.

The visa covers an initial 90-day period with two 90-day extensions available meaning it is possible to stay in Thailand for a maximum of 270 days. Tourists will need to apply for the visa at a Thai consulate or embassy in their home country with applications already being accepted. The cost of the visa is THB2,000.

“If the visa process can be completed in time, tourists can visit the country by October 1 via chartered flight or private jet,”
Tourism and Sports Minister Phiphat Ratchakitprakarn told the Bangkok Post
.

Related:
Thai government considering a property stimulus package for foreign buyers

In order to receive the Special Tourist Visa, applicants are required to submit the following documents to Thai consular officials:

Proof of payment for alternative state quarantine or alternative local state quarantine facility

Proof of post-quarantine accommodation (hotel reservation or condo lease/ownership)

Chartered flights or private jet bookings

Certificate showing applicant has been tested for COVID-19 and cleared

Travel and health insurance

All visitors are required to fly into Bangkok and undergo 14-day quarantine at a government-approved facility. Upon exit of quarantine, visa holders will be expected to comply with Thailand’s COVID-19 control and preventative measures.

The first month of the Special Tourist Visa program will see up to 1,200 visitors allowed into Thailand with the government looking to scale up the program should it the initial run be successful.

Those interested in applying for the Special Tourist Visa should contact the nearest Thai consulate or embassy for additional details as well as a full list of requirements.


Thailand’s best real estate projects drive the real estate market to new heights

Andaman Asset took home three project awards at the Dot Property Thailand Awards 2021

This article on Thailand’s best real estate projects appeared in the most recent issue of Dot Property Magazine.
Click here to read it
!

Thailand’s best real estate projects are a diverse bunch. Throughout the country, developments are innovating and elevating the property market. These come in various shapes and sizes with everything from massive mixed-use developments to boutique villa estates contributing to growth.

The project winners at the Dot Property Thailand Awards 2021 are all helping drive the real estate market to new heights in their own unique ways.

Thailand’s best real estate projects in 2021

Best Luxury Housing Development

Grand Bangkok Boulevard East Rama 9

Best New Launch Villa Development

Bangkok Boulevard Donmueang – Chaengwatthana

SC Asset celebrates one of two project awards

This year saw SC Asset collect two awards in the project categories with its industry leading housing developments taking center stage. The amazing Grand Bangkok Boulevard East Rama 9 won Best Luxury Housing Development while Bangkok Boulevard Donmueang – Chaengwatthana was presented with Best New Launch Villa Development.

The two awards are proof of SC Asset’s commitment to being Thailand’s number one housing development brand. It continues to launch high quality projects equipped with modern living solutions that suit the needs of homeowners.

An example of this is the housing design at Bangkok Boulevard Donmueang – Chaengwatthana that features larger spaces and energy saving innovations. Additionally, a fully-fitted co-working center at the project ensures residents are able to work from home in comfort.

Best Luxury Condominium Bangkok

Tait Sathorn 12

Best Luxury Condominium Bangkok

For the second consecutive year, a Raimon Land project won Best Luxury Condominium. Last year, it was The Estelle. This year, the impressive Tait 12 was recognized. Located in the heart of Sathorn, this 40-storey condominium boasts an elegant exterior design with large glass panels.

Inside, six-storeys of amenities have been placed on the upper levels of the project. These cater to the needs of modern residents who require spaces for working and entertaining guests in addition to more traditional facilities.

Watch:

Tait 12 takes residential luxury in Bangkok to new heights

Best Luxury Condominium Eastern Seaboard

Arom Wongmat

Best Luxury Condominium Eastern Seaboard

Arom Wongmat from Colours Development is the new benchmark of luxury living along the Eastern Seaboard. The condominium has reimagined the residential experience serving as a masterpiece fitting of Pattaya’s most prestigious address.

With preferences in this part of Thailand evolving, luxury residences are more popular now than ever before. Arom Wongmat is helping meet this growing demand. The collection of luxurious beachfront residences provides a bespoke experience tailored to those with discerning tastes.

Best Boutique Housing Development / Eastern Seaboard

The Plantation Estates

Best Boutique Housing Development Eastern Seaboard

The Plantation Estates is an exclusive housing community featuring high-quality construction and modern designs. This creates the tropical lifestyle people love about Thailand’s Eastern Seaboard in a peaceful, low-density environment.

One of the most unique aspects of The Plantation Estates is the flexibility given to homeowners. In order to fulfill its mission to be a boutique development, developer Base Real Estate provides assistance with furniture and interior design elements to ensure a  one-of-a-kind residence.

Related:

The Plantation Estates brings boutique housing to the Eastern Seaboard

Best Villa Architectural Design Koh Samui

Santi Pura Villas

Best Villa Architectural Design Koh Samui

Santi Pura Villas
 features design from the legendary architect Bodin Sritrakul. Featuring his trademark Moon Shadow styling, the luxury villas are 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.

The developer behind Santi Pura Villas, LDR Group, was named Best Boutique Developer Koh Samui at the Dot Property Thailand Awards 2021.

Keep Reading:

Santi Pura Villas offers award-winning design and a boutique approach in Samui

Best Urban Lifestyle Development Phuket

Best Luxury Townhome Phuket

The Residence

Best New Launch Villa Phuket

The Victory

Best New Launch Villa Phuket

Developer Andaman Asset Solution took home a trio of project awards, including Best Luxury Townhome Phuket and Best Urban Lifestyle Development Phuket for The Residence and Best New Launch Villa Phuket for The Victory. Each one of these honors shows the developer’s understanding of Phuket and its willingness to help elevate the local real estate market.

The Residence provides homeowners with an unbeatable lifestyle without the drawbacks of urban living. Easy access to school, work and leisure guarantees convenience while a peaceful home and fulfilled family life are ensured through the exquisite smart design that offers timelessness and unrivaled comfort.

Andaman Asset Solution launched The Victory in 2021 looking to usher in the next wave of ultraluxury pool villas in Phuket. The project boats distinctive modern architecture, luxurious finishes and superior craftsmanship that must be seen to be believed.

Best Luxury Villa Development Phuket

Anchan Hills

Best Luxury Villa Development Phuket

Anchan Hills from Pearl Island Property is a regular at the Dot Property Awards having won in 2018, 2019 and 2020. The project continued to earn plaudits in 2021 with its latest honor being Best Luxury Villa Development Phuket.

Featuring a modern Balinese style, Anchan Hills has redefined luxury in Phuket. No expense has been spared to create a truly unique residence. Meanwhile, the architectural design inspires harmony between the internal and external spaces that embrace the island’s tropical charm.

Best Affordable Housing Development Hua Hin

The Village from Boontani36

Best Affordable Housing Development Hua Hin

The Village
 from Boontani36 is set amidst the breathtaking landscape of Hua Hin’s hillside which provides a tranquil backdrop for residents. The two hallmarks of The Village are comfort and convenience. An example of this is the fact several plot sizes and villa styles are available to choose from.

Additionally, modern technology can be found in the residences and common areas to ensure seamless daily living. All of this is provided at an affordable price point meaning people are able to enjoy a splendid home without breaking the bank.


Thailand’s biggest online property sales event returns in 2021 with even more deals

The Dot Property 48 Hour Mega Sale will be Thailand’s biggest online property sales event in 2021

Thailand’s biggest online property sales event will be even bigger in 2021 with the announcement of the Dot Property 48 Hour Mega Sale. After a massive event in 2020 which saw THB38 million worth of property sold in 12 hours, even more developers, deals and transactions are expected this year thanks to several improvements.

For starters, the Dot Property 48 Hour Mega Sale will span two days providing real estate seekers with more time to locate the best deal. Last year saw buyers from across the globe take part. Expanding the duration ensures even more people can join this time around.

One thing that is not changing is the amazing discounts being made available to the public. These deals can’t be found anywhere else or at any other time making the Dot Property 48 Hour Mega Sale a can’t miss event.

Condominium units, villas, houses and other real estate from Bangkok, Phuket, Samui, Hua Hin and Pattaya will be available at never-before-seen prices during Thailand’s biggest online property sales event in 2021.

More Properties! More Discounts! More Sales!

No other digital event in the country had as many properties on sale at once as Dot Property’s online sale last year. And that total will be even greater with more developers expected to join Thailand’s biggest online property sales event in 2021.

Additionally, last year’s historic sales and website traffic figures will easily be surpassed as the full strength of the Dot Property Group is utilized. Increased synergy between the group’s five leading property portals, including Thailand-Property, Dot Property and Hipflat, is set to increase visibility and attract even more active buyers.

Don’t miss Thailand’s biggest online property sales event in 2021!

The Dot Property 48 Hour Mega Sale will take place on August 27 and 28 with advanced registration set to open shortly.
Follow us on Facebook
 and visit
Thailand-Property.com
 for updates on Thailand’s biggest online property sales event in 2021.

If you’re a developer interested in joining the Dot Property 48 Hour Mega Sale, simply contact us at:
[email protected]


Thailand’s SC Asset overcomes challenges to win Developer of the Year 2020

No developer has managed to overcome the challenges 2020 presented quite like SC Asset. The Thailand-based homebuilder was proactive in navigating these difficult times and even managed to set sales records in the process. An outstanding 12 months was capped off by winning Developer of the Year 2020 at the Dot Property Southeast Asia Awards 2020.

SC Asset found success by shifting its focus away from the condominium market and towards the Thailand housing segment where local demand remained strong. The move paid huge dividends as the developer recorded historic pre-sales for its housing projects in the first three quarters of the year. In total, SC Asset actually saw pre-sales figures raise eight percent year-on-year.

But this is only one of the company’s record-setting achievements in 2020. Total revenue for SC Asset during the first nine months of last year increased by an astonishing 26 percent year-on-year.

SC Asset proved to be resilient in the face of adversity and their innovative approach showed it was a leader in Southeast Asia. Winning Developer of the Year 2020 at the Dot Property Southeast Asia Awards 2020, in addition to Developer of the Year 2020 at the Dot Property Thailand Awards 2020, is affirmation of its credentials.

SC Asset builds the best

In order to meet the growing demand for detached housing in Thailand, SC Asset crafted modern estates tailored to the needs of modern residents. A prime example of this quality work can be found at developments under its Grand Bangkok Boulevard luxury housing brand.

These developments are equipped with a number of unique innovations that are designed to make life better for everyone. For example, the developer has applied a number of multi-generational family features in each residence to ensure they are suitable for people of all ages.

On the bottom floor of houses in Grand Bangkok Boulevard Sukhumvit, a housing estate in suburban Bangkok, is a special bedroom that caters to the elderly. Innovations include soft flooring that is easy on the joints and bathroom safety features.

Beyond that, these homes contain everything the modern family would want. There is ample parking with space for at least four cars, an important feature in the city. Each house also boasts a Thai kitchen and maid room in addition to all of the other areas you’d expect.

The work of SC Asset in 2020 was second to none. The developer’s historic pre-sales figures and revenue growth is a testament to that fact and ensured it was the Developer of the Year 2020 in Southeast Asia.


The hotspot for entrepreneurs

Right now, Malaysia is a hotspot for entrepreneurs. There are a lot of variables that come into play when starting up a new business. A question that often comes to mind is, “How am I going to fund my new business?”

The Malaysian Business Angel Network (MBAN), currently has 134 registered angel investors with an estimated total combined income just shy of 30 Million USD. Recent pitch events held by MBAN suggest that the interest for angel investments is strong.

Razif Abdul Aziz, Executive Director of MBAN stated that “Angel investments are thriving, as the startup ecosystem is more vibrant than it was 10 years ago.”

Strong angel investing, coupled with the rise in
coworking trends across Asia
, create the perfect formula for entrepreneurs to startup a business in Malaysia.

If your business model allows,
moving your office
 to the latest country hotspot for entrepreneurs may be the answer on how our new business is funded.


The serviced apartment boom

In Asia a rising number of companies are sending employees on short-term secondments to fill skills gaps and save on relocation costs.

For the business travelers spending weeks, if not months, away from home it’s presenting something of an accommodation rethink. Staying in hotels may work for a few nights but ultimately many prefer a different type of space to call home over longer periods of time – one which comes with comforts such as private outdoor space for hosting friends or an oven to cook their own dinner.

This is where serviced apartments come in. In Asia, they’re increasingly the preferred housing option for the region’s business travelers on short-term work assignments.

“Serviced apartments fill the gap between leased residences and hotel rooms by offering flexibility, strategic locations, up-to-date modern conveniences and value-added services to tenants,” said Tasos Kousloglou, who leads JLL’s Hotels & Hospitality Group’s asset management arm in Asia.

Asia’s business travel boom

The business travel market in Asia is thriving. According to Global Business Travel Association (GBTA), Asia Pacific has the largest share of the business travel spend market followed by North America and Western Europe. GBTA expects that Asia Pacific will have gained another 5 percent market share by 2018, while the US and Western Europe will lose three percent and two percent, respectively.

This business travel boom, combined with the war for talent in the region and rapid economic growth is fuelling demand for serviced apartments across the region.

According to PWC’s Talent mobility 2020 and beyond, the need for companies to shore up skills in key disciplines, regions and projects is creating a sea change in short-term international assignments. In contrast, the number of relocations that last three to five years and are followed by a return to headquarters are falling.

Home-style living

For the modern business executive, being away from home doesn’t mean completely changing their lifestyle. Modern conveniences such as high-speed internet connections, iPod docking stations, up-to-date kitchen appliances and state-of-the-art home entertainment systems at serviced residences help business executives with work-life balance while they are out on short-term assignments, according to Kousloglou.

Rising demand has led hotels to install kitchens and convert hotel rooms into serviced apartments.

“Many hotels are now hybrid properties as travellers on work assignments are increasingly looking more for home-style living while overseas,” he added.

Indeed, an audience at the Hotel Investment Conference Asia Pacific, held in Singapore, in March was told that time-deficient professionals on short-term work trips to the region prefer a quick bowl of cereal for breakfast to the lavish buffet style breakfast provided by hotels. One request from embassy staff from the U.S. on short-term assignments in Beijing over the December period was for a serviced apartment with a fully-equipped kitchen.

Across China, serviced apartments are booming as staff on short-term work contracts make the most of home living without the need to spend time or money kitting out their new abode. Serviced apartments also tend to be located in key business districts, which helps to cut commuting time to work.

Flexibility is another key reason why serviced apartments are so popular, said Kousloglou.

“A noticeable trend is that the average length of stay is shortening and increasingly one-bedroom apartments are becoming very popular as business travellers are predominantly single travelers,” he says.

“Changing social-economic trends such as the increase in the number of dual-income families where both spouses work are contributing factors to more travellers embarking on work trips without their family.”

Airbnb: A friend or competitor?

While some serviced apartment operators regard Airbnb as a competitor, others are increasingly looking to Airbnb to drive bookings. BridgeStreet Global Hospitality Group, for instance, plan to make its serviced apartments available through Airbnb’s recently launched corporate travel portal, Airbnb for Business.

Singapore’s Ascott, CapitaLand’s serviced residence business unit, wants to have 2,000 units under its new Tujia Somerset brand of serviced residences in China by the end of the year. Tujia Somerset is the product of Ascott’s joint venture company with Tujia.com, China’s largest online apartment sharing platform equivalent to Airbnb.

“Branded operators are tapping the Airbnb platforms to widen their distribution network,” said Kousloglou.

With the rising popularity of serviced apartments, hotel operators are increasingly looking to include serviced apartments as part of their offerings. Others are expecting increased demand for one-bedroom and studio apartments as a slowdown in the global economic leads more companies to cut back on longer-term assignments and relocations.

“The serviced apartment industry in Asia looks set to grow in the coming months as the region continues to drive global growth, leading to more overseas assignments and work projects,” added Kousloglou.

It’s also providing a good opportunity for investors.

“The serviced apartment asset class with its high profit margins, stable cash flows, high space efficiency, conversion flexibility and lower development cost provide investors more flexibility in their hospitality real estate investments,” Kousloglou concluded.

This column was written by JLL’s Beelin Ang and first appeared to the
JLLrealview.com
 website. It is reproduced with kind permission.


The varying attitudes towards Airbnb

Sentiment of Airbnb varies across Malaysia with some hosts being restricted.

Founded in 2008, Airbnb is now a household name. An online marketplace with a global reach where owners, known as hosts, can rent out their properties for any length of time. The host is responsible for marketing their property. They add comprehensive details about their listing that includes a description, photographs, location and house rules. The terms of the letting are transparent. For example whether pets or smoking are permitted and the length of stay. Amenities such as Internet, doormen and safety features are also highlighted.

Every host and user has a profile. Each can review each other which aids in users assessing the suitability of prospective bookings. Booking is made easy and is all done online.

Airbnb has created a whole new industry. It has allowed people to rent out their homes privately to generate an income. It is predicted that there are 100 million users and 640,000 hosts. With an estimated 2.3 million listings worldwide there are 500,000 stays occurring every night. Listings are across 65,000 cities in 191 countries. The most active city is Paris where stays average 2.9 days longer than stays in a hotel. This longer duration boasts the local economy and figures from Airbnb reveal that the company generated USD 240 million in economic activity in Paris alone.

What the law says

The rules for short term rentals vary across Malaysia. For example there are no requirements for hosts to hold a license in Kuala Lumpur to let their property out. This is provided that the property is being used solely for residential purposes. However, each building may have their own individual rules that restrict lettings of a certain period of time in order not to disrupt other residents of the buildings. These rules must be adhered to.

There is a different story however on
Penang
. The Town and Country Planning Act of 1976 plus the Trades, Businesses and Industries By-Laws of 1991 by Municipal Council of Penang Island are two laws which hosts are in breach of should they let their properties for a short term. Any property that is let on a short term is considered a hotel, serviced residences or lodging house. As such they require approval from the local planning department in order to use the property in this way. Anyone not seeking this prior approval could receive summonses according to the Environmental Health and Licensing Department.

Nevertheless the power of Airbnb is recognised within Malaysia. The federal government have little interest in regulating this sector of property leasing. This is according to the Urban Wellbeing, Housing and Local Government Ministry. However as laws can change quickly it is advised that anyone wishing to let out their property for a short term keeps an eye on any new proposals on a local and country level.


There’s still time to enter the Dot Property Awards 2021

Winners pose for a photo at the Dot Property Southeast Asia Awards 2020. Will you join them in 2021?

It’s not too late to enter the Dot Property Awards 2021. This is the chance to see how you measure against the real estate industry’s best and brightest. More than 400 Dot Property Awards have been presented to the region’s leading developers, projects and real estate agencies since the program was launched in 2016.

The Dot Property Awards 2021 are free to enter and it takes roughly 5-10 minutes to complete the entire process. You can get started by visiting the
Dot Property Awards entry form
 page.

This year’s series returns with events currently scheduled for Vietnam, Thailand and the Philippines in addition to the Dot Property Southeast Asia Awards 2021 which are set to be held in Bangkok at the end of the year.

Related:

Here’s how you can enter the Dot Property Awards 2021

Build trust, gain recognition and be the best

There are countless benefits to winning a Dot Property Award. For starters, being named as a winner validates your work to the public and builds trust. Secondly, winning recognizes the hard work and dedication of your team. If you have ever attended a Dot Property Awards presentation ceremony, you have a firsthand understanding of just how happy winning makes employees. It’s an accomplishment everyone can celebrate.

Finally, there is something to be said for knowing you’re the best. It can be a source of pride and satisfaction. Winning can also provide inspiration to carry on your outstanding work and strive for greatness.

Don’t miss your chance to enter

Time is running out to enter the Dot Property Awards 2021. If you want to be considered, it’s important you enter today.

This year’s program gets underway in July with the Dot Property Vietnam Awards 2021. In August, it’s the return of the
Dot Property Thailand Awards which will be hosted at the Park Hyatt Bangkok
. More information on the Dot Property Philippines Awards 2021 and the Dot Property Southeast Asia Awards 2021 will be revealed later in the year.

Enter the Dot Property Awards 2021 today!


Thirst for affordable housing

Malaysia’s demand for affordable housing is a complex issue.

A deficit in affordable housing is a common theme worldwide. As property prices have increased in value, investing in housing has become an
attractive investment asset
. Property has become not just somewhere to live, but a financial safety net too. However with this, many developers are lured by the profits generated from mid to luxury projects. This leaves the affordable segment far behind. This is despite there being strong demand for this sector.

It was reported in 2013 that there was a forty percent deficit in supply of affordable housing. This has been spurred on by rising property prices that make housing out of reach for some. The result is a big disparity when comparing the average income by the average house prices in Malaysia.

Research conducted by the Real Estate Housing Developers’ Association Malaysia revealed that people are prepared to spend MYR 300,000 to MYR 750,000 for a property. But although the demand for affordable housing is there, developers are shying away from this sector.

Why? Well profitability is the underlying reason. It costs to build. It does not make financial sense for developers to focus on the lower end of the market. This is emphasised by increasing land prices. The government need to incentivise developers in order to address the shortfall. In the UK developers must build a certain quota of affordable housing in any new project. Thus helping those seeking low cost housing whilst still allowing the developer to continue to profit from building mid and luxury schemes.

Could shell homes be the answer?

For Malaysia the lack of desire to fill the affordable housing hole is supplemented by the Goods and Services Tax. Levied at 10 percent this ups costs. Managing director Sarkunan Subramaniam at real estate firm Knight Frank has suggested the introduction of ‘shell homes’ to Malaysia could help resolve the problem. Simply defined as homes that are a shell. Not completed with rooms but with the fitting of basic plumbing and wiring. The law does not currently permit these but Sarkunan believes that this will help to kick start the affordable housing sector due to their lower price tags. He goes on to comment that many purchasers change their properties so this way people will be able to build what they want from the outset.

Regardless of these suggestions, for any change to happen the government need to back ideas like this. The problems are rooted deeper than just rising costs. Policies need to be put it place to help boast this sector. Taxes need to be addressed across the board in particular for those on materials. That way affordable housing will have a chance to succeed.


Tips for buying an investment condo in Makati

Mixed-use spaces are important for an investment condo in Makati

Earlier this year, Metro Manila was rated as having the hottest luxury property market in the world by Knight Frank. Luxury home prices rose by 11 percent in 2018 due to a number of factors including strong overseas demand and a fast growing local economy.

In particular, investors have been drawn to the capital in search of strong rental yields. Local experts note that rental returns between six and nine percent are achievable depending on the location and property type with luxury units bringing in higher rents.

In terms of location, Makati continues to stand out. The city remains the country’s business hub and is home to leading corporations along with startups and entrepreneurs that are tapping into the growing number of innovation centers and co-working facilities. It’s estimated that Makati is home to more than 62,000 business enterprises and 1,159 BPO companies and the employees working here have to live somewhere.

With a large, multicultural workforce of locals and expats, it makes sense that more people want an investment condo in Makati. Strong demand from renters and a built-in base makes the city a safer investment destination than other parts of Metro Manila. But before you rush in, here are a few tips to help guide your decision to purchase an investment condo in Makati.

3 tips for buying an investment condo in Makati

1) Pick a good location

Makati itself is a big place and the closer a project is to the central business district, the more desirable it is. Ayala Avenue, known as the Wall Street of the Philippines, is the center of the country’s financial activity. Unsurprisingly, it is also where many people work.

This is important for anyone considering an investment condo in Makati to take into account. People living in the city want to be as close as possible to their workplace, as well as the South Luzon Expressway (SLEX), in order to avoid the notorious Metro Manila traffic jams.

That is why Sen. Gil Puyat Ave is a key address in Makati. It offers easy accessibility to most places in Makati including the SLEX and the soon to be completed Skyway 3 project. Potential renters appreciate the convenience living here provides when compared to other Makati neighborhoods.

2) Act fast

If you want a luxury investment condo in Makati, you will need to act fast. Jan Paul Custodio, Senior Director for Research and Consultancy at Santos Knight Frank, found demand for properties comes from expats and local high net worth individual, two groups that aren’t afraid to move quickly to secure their investment condo in Makati.

That is due to a lack of supply which has caused transaction volumes to decline, but led to an increase in home prices, especially in the luxury sector.

“The (home) price increase was largest in Makati, where less than one percent of floated inventory remains unsold,” Custodio told the Manila Standard. He added that both pre- and post-selling units are being absorbed quickly, leaving buyers less time to act.

3) Find the right product and developer

100 West

Filinvest, through its
Aspire by Filinvest
 brand, has experience in developing condominiums that appeal to end-users. Additionally, the homebuilder has a wealth of experience in working with investors. The unique combination of knowledge is something many firms cannot provide.

One of Aspire by Filinvest’s most exciting developments is 100 West. This upscale investment condo in Makati is actually much more than a place to live. It is a residential complex that has been carefully tailored to the lifestyles of the city’s busy professionals.

For starters, 100 West features Scandinavian-inspired residential units that offer a unique style not found elsewhere. In terms of amenities, Aspire by Filinvest has spared no expense by including cutting-edge features such as a meditation garden, yoga studio and multiple deck areas providing refreshing city views.

Convenience at 100 West is taken to the next level with the incorporation of mixed-use space. The development features prime BPO offices, a commercial podium and retail shops designed to make life easier for residents.

All of this ensures renters will want to live here when 100 West is completed. When you factor in the location along Sen. Gil Puyat Ave and the possible achievable rental yields, 100 West is an investment condo in Makati you should consider adding to your portfolio.


Tips for investment success

You may think it’s a simple task to identify property investment opportunities. Here, an expert at British lettings agency Belvoir reveal seven signs of a good potential property investment that apply the world over.

Location lowdown

“One of the key things to think about when investigating investment opportunities is location,” said co-owner of Belvoir Liverpool Central and Belvoir Liverpool West Derby Adam Rastall.

“If the area is desirable then it makes it a lot easier to let properties, plus re-sell them when the time is right for you to exit the investment.

“It is advisable to look at opportunities that are within walking distance to amenities such as shops and restaurants with good local schools nearby and easy access to rail and road network links.”

Market matters

“Always assess the local rental market before you commit to a property,” advised Rastall.

“Is there sufficient tenant demand for the type of property you are looking at? Or is the market already over-saturated with similar properties that are struggling to let?

“Nowadays, information is readily available online where you can discover how much properties in certain districts have historically been sold and let for. I would recommend confirming your findings with a local real estate agent who will be aware of what’s going on in the local market.”

Parking premium

“Is there parking at the property or available nearby?” asked Rastall.

“Most tenants will have at least one car and will want to know that there is a parking solution in place, and this is particularly pertinent in city centre properties.

“In fact, the ability to park can often add significantly to your rental price and makes a property easier to rent or sell in the future.”

Great outdoors

“Offering outdoor space, whether it’s a garden, courtyard or even a balcony, can make a property more attractive to tenants and make a real difference in terms of rental return,” said Rastall.

“If possible this should be south-facing in order to maximise sunlight.

“Take into account your target market and consider opportunities that provide the appropriate outside space for them. For example, if you are appealing to families with young children a garden is usually advisable.

“Think about maintenance moving forward too. Low maintenance outdoor spaces are usually the most desirable (for you and the tenant!).”

Ready to rent

“If the property is ‘move-in ready’ then you’ll potentially be purchasing an instant income stream,” said Rastall.

“If extensive renovation is needed there will obviously be a cost involved plus a delay in receiving a return on your investment.

“Also consider properties which are currently being let and have a tenant already in situ,” he added.

“At Belvoir Liverpool Central and Belvoir Liverpool West Derby we’ve sold a lot of properties recently that are already occupied by tenants.

“The benefit here is that you will know exactly what you are going to achieve in terms of rental return, plus as soon as the property purchase is complete you will receive rent. You will also know the history of the tenant, including how long they have been at the property, which will often enable you to find a good tenant with long-term potential.”

Concierge consideration

“If you are thinking of investing in a city centre apartment consider the efficiency of the Concierge service,” he said.

“In fact, the ability of the Concierge can often make or break a development. A good Concierge can really help rent or sell a property and they will usually be happy to chat to prospective tenants or buyers about the development and what it has to offer.

“They will also oversee the building and if anything is needed they will help out, plus try to resolve any issues that arise.”

Ask an agent

“If you are looking for an investment opportunity, either to start a property portfolio or add to an existing one, always ask your local agent’s advice,” concluded Rastall.

“A good agent will be aware of what is happening in the local market including any planned new developments, plus they will be able to advise on expected rental returns for specific properties and likely tenant demand.

“Agents will direct and guide you so that when opportunity does knock you don’t miss it.”


Moving is hard. Getting your security deposit back can be even harder

There is no guarantee that you will get your security deposit back when moving out. You could follow all of our tips and still run into issues. If you have a good landlord, chances are this won’t be much of a challenge.

On the other hand, if you have butted heads with your landlord previously, then expect getting your security deposit back when moving out to be a pain. What makes this truly annoying is that there are regulations to prevent this sort of thing from happening.

However, enforcement is spotty and can cost you more in time and money than the security deposit itself. With that in mind, we can’t promise these will work. But here are a few tips to get your security deposit back when moving out.

Related:

Simple tricks to make your condo seem bigger

Tips to help get your security deposit back when moving out

Notify the landlord of issues before moving out

While most security deposit agreements cover normal wear and tear, what exactly that entails varies quite a bit between landlords and tenants. In order to avoid complications, it’s best to flag issues when they happen or at least before the final inspection takes place. Something like a loose door hinge or nicked countertop may not be a big deal to you, but your landlord could disagree. The sooner you get these disputes resolved. The faster your money will be returned.

Keep your deposit receipt

Firstly, you should always get a receipt when you hand over your security deposit. Landlords are required to provide this by law. When you receive it, be sure to keep it in a safe place where you won’t forget. Some residential proprietors may try to dispute the sum of what you put down or create other issues when it comes time to move out. Having documentation is the easiest way to avoid that.

Know your charges

Some lease contracts have built in agreements that state you must pay for certain cleaning services upon moving with this coming out of your deposit. These can’t be avoided if you signed the contract. However, a landlord may try to tack on this cost prior to returning your security deposit. If you did not agree to this fee beforehand, it can’t be withheld.


Tips on renting to pet owners

Don’t be put off renting your property to a pet owner with this helpful guide.

There are more and more people with a pet that they share with their home. This could mean that you have a pet owner wishing to rent your property. But before you agree, make sure you carry out your due diligence for a straightforward letting.

1. Are pets permitted?

Before you even embark on considering whether to let your property to a pet owner you will need to check if pets are even allowed within the building. Check with the building’s regulations and also your own insurance as this may quickly answer your question.

2. What is the pet?

A husky dog is going to cause more wear and tear than a hamster. Find out what the pet is and how many there are. A small domestic dog that is taken out for walks regularly throughout the day is unlikely to cause any problems.

3. Are you able to obtain a reference from a previous landlord?

One way to ascertain how the tenant behaves in a property is to get a previous reference. If you are able to collect one then check if the pet disturbed the neighbours, damaged the property or caused any other issues during the tenancy.

4. Is your property furnished or unfurnished?

Should your property be furnished then remember that animal odour can hang around. So ensure that the tenant is aware that they will be responsible for the professional cleaning of all soft furnishings in the property, such as the sofa, curtains, rugs etc. at the end of the tenancy. On the other hand renting a property to a pet owner of an unfurnished property is naturally going to cause disruption.

5. Request a bigger deposit.

Ask the tenants for a bigger deposit to cover the risk associated to letting to a pet owner. This can only be used should there be any damage above fair wear and tear. So make sure this is clear in the contract that and any cost relating to damage caused by the pet can be deducted from the deposit. Also it is advised to make it clear that it is the tenant’s responsibility to get the property professionally cleaned at the termination of the tenancy.

6. An up-to-date inventory.

The inventory will be used to detail the condition of the property at the start of the tenancy. Therefore it is important to make sure that one is conducted before the tenant moves in and that you have in writing that the tenant agrees with it’s contents. That way you have every base covered and proof of the property before the pet moved in.


Top developers lead the outstanding group of winners at the Dot Property Thailand Awards 2019

BEATNIQ from SC Asset won the People's Choice Award for "Project of the Year". From left to right: James Claassen, Dot Property Commercial Director; Chalermchai Wongsoonthorn, SC Asset Head of Project Management High Rise; Krittiya Chalermpong, SC Asset Head of Marketing High Rise; Matthew Campbell, Dot Property CEO; Adam Sutcliffe, Dot Property Director Events and International Markets

The inaugural Dot Property Winning Weekend was the perfect setting for the 3
rd
annual Dot Property Thailand Awards as the real estate’s best turned out to celebrate the industry during a special event at EmQuartier. The top honour, Best Developer Thailand, went to Sansiri while the very first People’s Choice Award for “Project of the Year” was won by BEATNIQ from SC Asset.

A total of 15 projects were eligible with the stylish BEATNIQ garnering the most votes from the public. In addition to winning People’s Choice Award for “Project of the Year”, BEATNIQ also took home Best Luxury Condominium Bangkok on what was a very good night for SC Asset.

Meanwhile, Sansiri’s outstanding portfolio of work throughout Thailand was recognised with the award for Best Developer Thailand, the most prestigious honour at the Dot Property Thailand Awards 2019.

Sansiri collects the award for Best Developer Thailand. From left to right: James Claassen, Dot Property Commercial Director; Apichart Chutrakul, Sansiri Chief Executive Officer; Matthew Campbell, Dot Property CEO; Adam Sutcliffe, Dot Property Director Events and International Markets

“It is a great honour for us to be recognised as Best Developer Thailand at the Dot Property Thailand Awards 2019. To win the award is truly rewarding for our company and once again highlights the hard work of everyone at Sansiri. People from both Thailand and abroad put their trust in us and we will continue to provide the best for all our clients in terms of design, quality, service and experience,” Apichart Chutrakul – Chief Executive Officer, Sansiri Public Company Limited.

Sisaran Group took home two awards in the developer categories, Best Developer Eastern Seaboard and Best Developer (CSR) Eastern Seaboard, for its work in Bang Saray. In Phuket, Utopia Corporation was presented with the top developer award for the island.

Full list of Dot Property Thailand Awards 2019 developer winners:

Best Developer Thailand – Sansiri Public Company Limited

Best Developer Phuket – Utopia Corporation

Best Developer Eastern Seaboard – Blue Sky Group

Best Developer (CSR) Eastern Seaboard – Sisaran Group

Best Boutique Developer Eastern Seaboard – Sisaran Group

Turning to the country’s top projects, it was a good year for luxury. In Phuket, the impressive Botanica Luxury Villas won Best Luxury Villa Development Phuket while the thoughtfully-designed Pirom at Vineyard was presented with Best Luxury Villa Development Khao Yai.

Wyndham Garden Irin Bangsaray Pattaya from Irin Property was honoured twice at the Dot Property Thailand Awards 2019. The project won Best Condotel Eastern Seaboard along with Best Interior Design Eastern Seaboard.

Full list of Dot Property Thailand Awards 2019 project winners:

Best Luxury Condominium Bangkok – BEATNIQ from SC Asset

Best Condominium Eastern Seaboard – Grand Solaire from S.L.R. Development

Best Luxury Villa Development Phuket – Botanica Luxury Villas from Botanica Luxury Phuket

Best Luxury Villa Development Khao Yai – Pirom at Vineyard from Piya International

Best Condotel Eastern Seaboard – Wyndham Garden Irin Bangsaray Pattaya from Irin Property

Best Investment Project Phuket – Oceana Beachfront Hotel from Ocean Group Asia

Best New Launch Koh Samui – Anava Samui from Zhongfa International Resort(Thailand)

Best Condo (New Launch) Eastern Seaboard – The Luciano Pattaya from WP Developer

New for the Dot Property Thailand Awards 2019 was the Box Brownie Special Recognition Award for Online Marketing was awarded. Plus Property was presented with the very special honour judged by the team from Box Brownie

In the design and innovation categories, Best Condominium Interior Design Bangkok was awarded to Chalermnit Art De Maison from Areeya Property while a trio of Phuket developments also took home honours for their efforts.

Full list of Dot Property Thailand Awards 2019 design and innovation winners:

Box Brownie Special Recognition Award for Online Marketing – Plus Property

Best Condominium Interior Design Bangkok – Chalermnit Art De Maison from Areeya Property

Best Architectural Villa Design Phuket – Lapista Luxury Villas Designed by Oracle Architects

Best Housing Interior Design Phuket – Lotus Villas from Sawan Holdings

Best Condominium Smart & Green Design – The Sky Sukhumvit from Property Perfect

Best Interior Design Eastern Seaboard – Wyndham Garden Irin Bangsaray Pattaya from Irin Property

Best Landscape Architectural Design Phuket – Platinum Bay from New World ADM Platinum(Thailand)

Best Innovative Investment Product – New Nordic Group

The Dot Property Thailand Awards 2019 also saw the return of Thailand’s Best Real Estate Agencies. A total of eight agencies were bestowed with this honour in 2019.

The team from Plus Property celebrates after winning twice at the Dot Property Thailand Awards 2019

Full list of Thailand’s Best Real Estate Agencies 2019

Plus Property

Asia Central Property

St. James Properties

Pattaya Foreigner Service

Bridge Estate

Sala Estate (Thailand)

Pattaya Property Base

Supreme Real Estate

“The Dot Property Thailand Awards is a proper celebration of real estate in the Kingdom. Both the presentation ceremony and exclusive Winners Party were a hit with everyone. The event is an inclusive showcase that connects the individual elements of the real estate industry,” Adam Sutcliffe, Dot Property Director, Events and International Markets, states. “We would like to congratulate this year’s record-setting class of 28 winners whose hard work and commitment to excellence did not go unnoticed.”

The Dot Property Thailand Awards 2019 would like to thank Leading Real Estate Companies of the World® and BoxBrownie.com for their support of this year’s event.

Now in its third year, the Dot Property Thailand Awards celebrates the best in local real estate by honouring the country’s best developers, projects and companies that contribute to the sector. It is part of the Dot Property Awards series that also includes events in Vietnam and the Philippines.

For more information on the Dot Property Thailand Awards 2019, please visit www.thailand-property.com


Top tips for buyers & sellers

American real estate website
realtor.com
has published its
Top Tips for Home Buyers and Sellers
 for this year. These tips will guide everyone from house-hunting virgins to flipping fanatics through the market specifics for the next year, cutting through the clutter of real estate advice to highlight what is most important for buying or selling a home in 2016.

Jonathan Smoke, Chief Economist for
realtor.com
, said: “The 2016 housing market is forecast to be mainly a seller’s market, filled with increasing home prices, relatively low inventory and fierce competition between buyers.

“Buyers looking to close this year need to keep an open mind and be prepared to move quickly when they find a home that meets their needs. For sellers, it’s about understanding the ins and outs of their local market so they can optimise the price of their home and close quickly.”

The top tips for 2016 home buyers include:

Be the early bird.
 More than 85 percent of buyers who plan to purchase in the next year intend to buy in the first six months of 2016 according to the most recent
realtor.com
 survey. It is likely to be a similar proportion in most parts of the world, as the intention to buy remains high. With roughly 50 percent more listings inventory relative to the number of potential home sales expected in January and February, buyers who start their search early face less competition with nearly the same number of homes.

Comparison shop for mortgages.
 Mortgage rates are expected to rise this year. Buyers planning to finance their purchase should put as much effort into getting the right mortgage as they do finding the right home. A lower interest rate can make the difference in qualifying for a home and save thousands over the life of the loan.

Consider a new home.
 In 2016 the number of new homes on the market is expected continue to grow in Southeast Asia. Buyers should consider the new home options in their market; they are likely to enjoy a broad selection of homes. While new homes are typically higher in price, they are usually smaller in size but offer performance advantages and warranties that could reduce operating and maintenance costs.

The top tips for 2016 home sellers include:

List during peak season.
 Unlike buyers, demand benefits sellers. Prime home buying season varies from country to country, and even from city to city, so get advice from a trusted and knowledgeable real estate agent. Sellers who list their home during the prime months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings.

Price a home to the market.
 In 2016 prices are expected to increase. Work with a real estate agent with knowledge of your market to optimise the price of your home based on its unique features and surrounding neighbourhood. These agents are often able to receive the highest price for their market and sell more quickly.

Offer incentives.
 Last year actually saw a significant number of all sellers offer incentives to attract buyers. Sellers who are open to negotiating beyond price are more likely to find scenarios that result in wins for both sides resulting in a potentially faster sale and more seller profit.

Realtor.com
 is the official website of the National Association of Realtors.


Top tips for buying off-plan

Leading British homebuilder Barratt Homes is encouraging home buyers looking to consider the benefits of buying off plan – something that is common in Southeast Asia but less so in other parts of the world.

With the British property market continually improving, house prices increasing annually by 9.7 percent across the U.K., and a range of Government initiatives encouraging people onto the housing ladder, buying off-plan is becoming an appealing option to many house hunters.

“Bricks and mortar continue to prove a sound financial investment in today’s economic climate”, said Jan Ruston, Sales Director at Barratt Homes North Midlands.

“Although people may have concerns about the future of the housing market, the reality is that there has never been a better time to buy off-plan. By reserving early in the build process the value of your property may have increased by the time you move in, saving you money and making for a sound investment in the future.”

Top five tips for purchasing off-plan:

1. Get in early

As the saying goes, ‘the early bird catches the worm’ and this is certainly true with buying a brand new home. Not only are the best deals usually offered at early stages of the build, but purchasers will also be able to ensure that they secure their pick of the plots.

2. Do your homework

Make sure you study the drawings and plans carefully. Check the dimensions to make sure your existing furniture is appropriate. Regularly visit the site with the sales advisers as build work progresses to ensure nothing has been added or left off the plans.

3. Make your house a home

One of the major advantages to buying off-plan is the ability to choose some of your own fixtures, fittings and finishes before you move in. These could include aspects such as kitchen units, flooring and fitted wardrobes, giving you the chance to really personalise your home. What’s more, it will all be professionally fitted before you move in.

4. Bide your time

Whoever said you can’t buy time? Once you’ve bought off plan and paid the reservation fee, use your time wisely to ensure everything is in place for your move; arrange your mortgage, book the removal van and inform people of your new address to save you a job once you’ve moved in.

5. Think ahead

Try to imagine what the area will be like when it’s finished. Will there be any more phases to the development or are there any new amenities planned in the local vicinity? Continued investment is a good indication that an area is on the up and that your property is therefore likely to experience capital growth.

Jan continued: “We understand that buying off-plan is to some extent a leap of faith, and many purchasers may find it hard to envisage what the home will be like once completed.”


Top tips for first time buyers

Easy steps to become a first time buyer.

It can be daunting making the first move onto the property ladder. Becoming a
property owner
 is a step in the right direction to secure your financial future and it pays be do your homework to make sure the investment stacks up. If you have decided that
now is the right time
 to become a property owner, then follow our guide to make sure that this is one New Year’s resolution that is not broken.

1. Save for a deposit.

A hefty deposit will make you more attractive to lenders and is likely to give you a better mortgage deal. As a first time buyer it is important to have a decent sized deposit as this lower your monthly mortgage amount too. Survey the market to see what lenders will offer you but aiming for a 20 percent deposit is a good milestone. Remember if you are looking for a property that requires work then you will need an extra pot of cash to do any urgent works once the sale has gone through.

2. Set up a spreadsheet.

You don’t need to be an accountant to get number crunching. Forecasting any costs that you may incur once you have purchased a property will give the opportunity to review how much you can afford to have as outgoings each month. Set yourself a contingency fund will give you some breathing space should any unplanned costs arise such as home improvements caused by a leak or bad weather.

Note: many first time buyers opt for a fixed rate mortgage so that they know exactly where they stand each month, rather than a variable rate that alters as interest rates change.

3. Longevity.

The ideal property is one that grows with you. Therefore many first time buyers push them self as much as they can for their first purchase. However, for some first time buyers this is not possible. If this is the case it is advisable to seek the ideal starter home. A property that requires minimal expenditure to run to enable you to save any extra disposable income for your move to your next property as you climb up the ladder.

4. Seek expert advice.

It is important to think with a level head and not get swept up in the moment. The best way to do this is to speak with experts in the field including estate agents and mortgage brokers. By gathering information you will be in a good position to make an informed decision on your investment, and they will also be able to advise you of how any changes in the market could affect you.


Top tips on how to declutter

Clear out your home of any unused items by following these easy step-by-step guide.

A spring clean is good for the mind. It can be hard to keep your home in order due to the busy lives that we lead. But now is as good as time as any to declutter. It will make your home feel bigger, free up storage space, plus you will need make sure you property is presenting at its very best if you are planning to move as you want to show your property at in the very best light in order to take
photographs
 as well as for viewings.

1. Give yourself enough time.

This is one job that should not be rushed. Give yourself time to go through your home. Otherwise if you declutter in a hurry you are unlikely to throw out anything or even dispose of items that you do not need as you are working under pressure.

2. Work periodically.

Start in one room and then go through every drawer, wardrobe and cupboard before moving onto the next room. Once you have finished the whole house, start back at the beginning again browsing through everything to check to see if you have missed anything. It should be much easier to spot offending items when the number of your belongings are reduced.

3. When did I last use it?

If you haven’t worn a pair of jeans in the last year, then they have to go. If you have a fancy kitchen appliance such a bread making machine but you have used it only once, add this to the donations pile. If you are unsure, add it to the ‘maybe pile’ and then at the end go through this one by one. Remember to be realistic when deciding whether you will use it again and enlist the help of family and friends to help make the decision.

4. Dispose of anything broken.

Chipped glasses, stained clothes or even odd socks all need to go assuming that you cannot repair them. Similarly due to the digital age we live in we accrue vast numbers or cables for phones and other devices. Recycle or donate any that are no longer in use.

5. Out of date.

Not only food has sell by dates. Medicines and some toiletries do too. Take time to go through your kitchen and bathroom to declutter and dispose of anything that is no longer within date.

6. Use up the dribs and drabs.

If you seem to have more than one, start with items that have the least amount left in them and use them up. This could be toothpaste, shower gel, rice or cleaning products. By starting with these you will quickly free up space in your cupboards.

7. File.

Go through your pile of paperwork, throw out anything you no longer need and file the rest. Group receipts and manuals together so that you can easily find them should you need to.


After overcoming COVID-19, tourism-focused real estate in Vietnam set for bigger and better things

Ms Bui Thi Thanh Huong is the Vice Chairwoman and CEO of Sun Group, Vietnam’s leading tourism developer

This features on tourism-focused real estate in Vietnam appears in the latest issue of Dot Property Magazine.
Click here to read it
.

The robust property market in Vietnam found itself brought to a standstill in the first half of 2020 because of COVID-19. This turned out to be a minor bump in the road, however. A strong government response to the pandemic meant the country’s economy began to recover in a matter of months with tourism at the forefront.

“Many measures to stimulate domestic tourism were implemented and tourism rapidly flourished, proving to be the fastest booming and recovering industry with the epidemic under control,” Ms Bui Thi Thanh Huong, Vice Chairwoman and CEO of Sun Group, reports. “Therefore, the real estate market, especially the tourism real estate market, once again started to attract the interest of investors, especially in areas such as Phu Quoc, Quang Ninh and Sa Pa.”

Research from the Vietnam Real Estate Brokerage Association found that the total supply of tourism real estate products reached nearly 74,000 units with an absorption rate of 43.4 percent in the third quarter, an increase of 2.9 times compared to the previous three months. Additionally, real estate prices also increased during this time. While tourism-focused real estate in other parts of Southeast Asia struggled, the segment in Vietnam was flourishing.

“As a result of the pandemic, many people realized the value of having a second home that could be a safe place to ‘shelter’ when there is risk and epidemic. This explains why the real estate market on Phu Quoc, the island city which did not have any COVID-19 cases last year, attracted investors during that time,” Ms Huong says.

She continues, “the Vietnamese real estate market by the end of 2020 had become more exciting thanks to the buzz surrounding the major announcement of Phu Quoc officially becoming the first ‘island city’ in Vietnam. The bright future of this island, the potential for sustainable value addition and the potential for business in tourism services all combine to make real estate in Phu Quoc very attractive.”

Looking ahead to 2021, many experts have predicted good things for tourism-focused real estate in Vietnam. The country has begun to import and administer the COVID-19 vaccine which means it is only a matter of time before international visitors can return. Other factors, such as land scarcity in Hanoi and Ho Chi Minh City, will also benefit the market moving forward.

“We believe that the tourism real estate segment will continue to add many potential values for development through 2021 and subsequent years,” Ms Huong states. “Besides, land use in major markets, such as Hanoi and Ho Chi Minh City, is almost full, which is another reason for the rise of tourism potential in destinations such as Sa Pa, Quang Ninh and Phu Quoc. Real estate prices in 2021 are likely to continue to increase in localities with good growth potential.”

Unlocking the full potential of tourism in Vietnam

Developments such as JW Marriott Phu Quoc Emerald Bay are making Phu Quoc a must visit tourist destination for both domestic and international travelers

Prior to the COVID-19 pandemic, tourism in Vietnam was taking off. It was one of the 10 fastest growing tourism countries in the world, recording an average growth rate of 22 percent for three consecutive years. There were 18 million international visitors along with 85 million domestic tourists in 2019 with initial projections for 2020 surpassing those totals.

Of course, we know that didn’t happen. However, most officials insist it is only a matter of time before the country surpasses those figures. Even more interesting is the fact that growth during the past few years may have not fully revealed the true potential of the sector. Ms Huong believes the country’s tourism industry is only starting to scratch the surface of what it’s capable of.

“Compared with other countries in the region and around the world, Vietnam not only has advantages in natural resources but also in terms of its political and social stability. Moreover, in recent years, with the participation of major investors, including Sun Group, Vietnam’s tourism infrastructure has seen major investment in large scale and high-class developments that have expanded opportunities for tourism,” Ms Huong states. “The room for Vietnam’s tourism development is still very large; many fields remain open, yet to be adequately explored.”

Ms Huong readily admits that Vietnam needs to overcome several weaknesses in order to be competitive with other countries in Southeast Asia. Introducing visa exemptions; prioritizing marketing and branding for Vietnam tourism; ensuring sustainable tourism development and improving the quality of Vietnam’s tourism infrastructure are just a few things the country needs to work on.

A leader in tourism-focused real estate

Sun World Ba Na Hills won the People’s Choice Award for Project of the Year at the Dot Property Southeast Asia Awards 2020

Sun Group was the first developer in Vietnam to recognize both the potential and need for tourism-focused real estate in Vietnam. Today, the developer is seen as the leader in the high-end tourism real estate segment having a portfolio of projects known and loved globally.

And while 2020 was one of the developer’s most challenging years on record, it still launched several projects that were in-demand from buyers.

“As a pioneering investor for the high-end tourism real estate segment in Vietnam, we are always adhering to the philosophy of building high class and distinctive projects. Sun Group’s real estate products have been welcomed and appreciated by investors over the years,” Ms Huong reports. “We are very proud that real estate products launched to the market in 2020, a difficult year, still recorded a positive absorption, such as the Sun Grand City Feria project in Bai Chay (Ha Long – Quang Ninh), Sun Onsen Village Limited Edition in Quang Hanh (Cam Pha – Quang Ninh) or Sun Plaza Cau May project in Sa Pa.”

Last year also saw Sun Group’s Sun World Ba Na Hills presented with several awards
, including Asia’s Leading Theme Park 2020 and World’s Leading Cable Car Ride 2020, at the World Travel Awards.

“We had a deep desire to elevate the name Vietnam in the eyes of the world with timeless works and projects. The fact that Sun World Ba Na Hills increasingly affirms its position on the regional tourist map and across the world has partly realized that aspiration,” Ms Huong explains.

It wasn’t just the industry celebrating Sun Group’s accomplishments. Sun World Ba Na Hills won the People’s Choice Award for Project of the Year Southeast Asia at the Dot Property Southeast Asia Awards 2020. Ms Huong notes that the honor was both a surprise and a source of immense pride for Sun Group.

“We are delighted that the first entertainment product in the Sun World system of Sun Group has been recognized by many international organizations with various prestigious awards, including Dot Property Vietnam Awards 2020 and Dot Property Southeast Asia Awards 2020. This proves that the development orientation of Sun Group is on the right path,” Ms Huong concludes.


Trump in power

US election result

The results of the US election have concluded that Donald Trump will be the next president of America.

The votes of the American election have been counted and Donald Trump is the next president of the United States of America. Similar to Brexit, there were shock waves sent through the currency and equity markets within Asia as an air of uncertainty loomed.

Nicholas Holt, head of research at Knight Frank, Asia Pacific, has said, “Similar to the impact of Brexit, the result of the US presidential election is likely to cause further uncertainty in terms of the global economic recovery and is likely to lead to a rush towards safe haven assets. Along with gold and triple-A rated government bonds, prime real estate in key global city markets is likely to see an uptick in interest.”

There was just a blip in the Asian markets as today Japan’s Nikkei 225 index exceeded the losses made from the previous session increasing by 6 percent. Likewise the markets in both Hong Kong and Australia saw positive growth.

The US reputation is that of a powerhouse. Many countries aspire to their model but this may shift with Trump in power. China is expected to strengthen its position as their America fairy tale democratic system did not play out as expected, but ahead of that many Chinese commentators have argued that faith had already been damaged with the US thanks to both the Afghanistan and Iraq wars.

Whilst Trump may not be considered to be a likely candidate for a seat in the White House, he has a strong background within the business world. With an impressive property portfolio, some across South East Asia are open to his position largely due to his business mind. The coming weeks and months will unravel his policies and really show how much influencing power America has on the rest of the world.


Only two villas remain in Khon Kaen’s most exciting residential estate

Your chance to own a home in Khon Kaen’s most exciting residential estate will soon be gone. Only two villas remain at 8Villas Riverside, a collection of international-quality pool villas located along the Chi River in Northeast Thailand.

8Villas Riverside is close to the attractions and conveniences of Khon Kaen but surrounded by peace and quiet. This is ideal for those wanting to escape the hustle and bustle of the city while enjoying an authentic Thai experience. That being said, modern comforts, like Central Plaza and Big C, are just around the corner.

If you are looking for a home in Khon Kaen, it doesn’t get any better than 8Villas Riverside. The luxurious development is unmatched in the region. 8Villas was the first developer in Isan to build pool villas and this project takes their vision to the next level.

Unlike other developers who acquire a land plot and build a cookie cutter project that is focused on maximizing profit, 8Villas was inspired to create something special. 8Villas Riverside was designed to maximize both space and privacy. Liveability was an area of emphasis for the developer.

Only two villas remain at 8Villas Riverside

That’s because the team from 8Villas live in their developments and are invested in the quality and comfort that’s provided. This is why they control the entire building process and hire contractors to carry out construction. Every last detail is looked after ensuring the best possible living experience.

But there is much more to 8Villas Riverside than simply being a nice collection of pool villas. The residential estate is home to a vibrant community boasting a family-friendly atmosphere. This is becoming increasingly difficult to find just about anywhere in the world these days.

Both community and security have been cultivated throughout the development. People can feel safe here and have their privacy respected. Additionally, the developer has gone out of its way to make sure everyone feels welcome by setting up communal areas and spaces where residents can get together.

It’s easy to see why 8Villas Riverside has been in such strong demand since launching. The pool villas are a beautiful place to live where you can enjoy a great pace of life. Additionally, Khon Kaen is an up-and-coming destination with significant investment potential while still retaining the charm people love about Thailand.

With only two villas remaining in 8Villas Riverside, time is running out to secure your home in Khon Kaen’s most exciting residential estate.

Related:

Thailand real estate’s next big thing: Learn how 8Villas is leading the way in Khon Kaen

For more information about 8Villas Riverside:

8villas.co.th

Phone:

+66 95 658 3038 (English)

+66616 694447 (Thai)

Line:
 brian8villas

Email:

[email protected]


Types of tenant: Pros and Cons

The five most common types of tenants have been identified by British real estate firm Belvoir, and they have also suggested how to find the right one for your rental property.

Have you identified your target tenant? Before investing in a rental property it’s vital to know who you’re appealing to, plus the potential pluses and possible pitfalls that each particular market may bring…

Home alone …

With many of us leaving it later in life to co-habit or marry, an increasing number of renters are looking for single-person properties and this tenant type can offer a number of useful benefits.

“As only one person is living at the property wear and tear is likely to be minimised, meaning less maintenance expense,” explained co-owner of Belvoir Melton Mowbray and Belvoir Bingham Charlotte Baker.

“Alongside this you will only have to build a relationship with one person and only have to chase one person for rent. In addition, during inspections, it will be easy to assess if they’re sub-letting without your permission.

“Do bear in mind, however, a single renter will usually be relying on one income stream to pay the rent and will often offer only a short-term solution as their circumstances and relationships can suddenly change leading to new living requirements. Alternatively, they may want to move someone in during the tenancy which will mean additional reference gathering and a new tenancy agreement.”

Pluses – Minimal wear and tear: Only one rent payer to chase : Easy assessments regarding sub-letting.

Minuses – Their relationship status (and living requirements) may suddenly change : Only one income to pay the rent : A new tenancy agreement will be needed if someone moves in.

Married with children …

If you’re looking for long-term tenants then targeting the family market could be the answer.

“Many people with young children will want to make a lengthy commitment to a property in order for their children to have continuity of schooling and the security of a familiar home,” said Baker.

“A family will often have two working adults too, so they won’t be relying on the income of a single person to pay the rent. Additionally, they are likely to have been homeowners previously and will know how to look after a property and what maintenance issues to look out for. They will want to make your house a home.

“Remember, though, the amount of wear and tear is usually proportionate to the number of people who live at a property therefore your maintenance bills may be higher than if you were letting to a couple or single renter. Plus, the requirements of a family are usually more extensive, such as the need for a garden and 3+ bedrooms, so your initial capital outlay is likely to be increased.”

Pluses – Likely to make a long-term commitment : Usually more than one income : Have often been home-owners previously.

Minuses – Increased wear and tear and maintenance costs : Property purchase price of family house investments is likely to be higher : Longer wish list of requirements and needs.

Students on site …

Some landlords shy away from the student market but renting to students can have a lot to offer.

“You’ll generally get a commitment for a full academic year and there will be multiple people paying rent so the overall rental return is likely to be high,” said Baker.

“There will be a Guarantor too, which is usually a parent. Of course, a possible challenge is that a student is unlikely to stay for longer than their course duration and some student landlords do report high maintenance and cleaning bills between tenancies.”

Pluses – Guarantors can be chased : Possible higher rental returns : Generally stay for the minimum of an academic year.

Minuses – Unlikely to turn into a very long-term tenant : Noise issues sometimes reported : Potential for higher maintenance and cleaning bills.

Pets in your property …

Many people have pets but not all landlords allow them so if you’re happy to have someone’s pet pooch or friendly feline living in your property you’ll be tapping into a market that has limited choices.

“Because a pet owner’s options are reduced most will be looking for long-term tenancies, which is great news for landlords,” added Baker.

“Obviously there are possible pitfalls, though. The potential for damage to your property and garden is increased, pet smells can linger long after the pet has moved out, as can fleas, and some pets can be noisy and cause complaints from neighbouring properties.

Also, a large dog for example, can make essential access tricky for contractors, inspections and further viewings.”

Pluses – Added security for the property (ie, if a dog is present) : Pet owners are often looking for long-term living solutions : Broadening your potential market.

Minuses: Potential for damage to the property and garden by the pet : Access could be difficult for tradesmen, the landlord and potential new tenants (depending on the type of pet) : Pets don’t pay any rent !

A full house …

With rising rents and increased living costs many people are teaming up to settle down. House sharing definitely isn’t just for students anymore and many rental enquiries are received from people looking for house share opportunities, from young professionals to recent divorcees.

“The key benefits of appealing to this market is the higher rental return you’re likely to receive, especially if you’re letting out individual rooms. There will be more than one income stream too, so major rental arrears can be minimised and void periods managed.

“On the down-side, however, conversions to the property may be necessary and increased licensing and legislation is likely.

“House sharers tend to stick to short-term tenancy agreements too, so you’ll be dealing with a high turnover of tenants and the associated costs and wear and tear that goes with people frequently moving in and out of a property.”

Pluses : More than one income : Higher yields, especially if letting as individual rooms : Large target market.

Minuses : Often short-term tenancies : High turnover of tenants and the associated costs : Conversions to the property may be necessary.

This column was created and supplied by www.belvoir.co.uk


UEM Sunrise joins The International Property Show

UEM Sunrise recently signed on to take part at The International Property Show, a unique property showcase with developers from around Southeast Asia in Singapore. The firm becomes the second developer from Malaysia to confirm they will take part in the exclusive, seven-day event.

The International Property Show provides real estate investors with the opportunity to see great projects from around the world in one place. The event takes place at Singapore’s world famous ION Orchard between February 20 and 26 where more than 1.1 million visitors will have a chance to see UEM Sunrise’s latest developments up close and personal.

UEM Sunrise ready for The International Property Show

UEM Sunrise prides itself on creating sustainable projects that are loved by home owners, acclaimed by investors and recognised by industry. The firm has developed more than ten residential projects in Malaysia and has launched numerous others in Kuala Lumpur, Iskandar and Selangor.

The firm also has a proven track record of developing international projects
. Its international developments include Marina One in Singapore, Aurora Melbourne Central in Australia and Quintet in Canada. Investors purchasing from UEM Sunrise can rest assure that they are buying from an international acclaimed firm.

For more information on The International Property Show, visit
www.dot-expo.com


UK property still hot despite Brexit

Indicators suggest Brexit has not pushed UK property off the radars of Asian investors.

As the UK makes move to depart from the EU, figures from real estate firm JLL reveal that that confidence remains strong among Asian investors for
UK property
. Transaction levels for the first quarter of 2017 were high. In fact in local currency terms the highest since 2015. The UK is also Europe’s most active real estate market. This is a move up from third position in 2016.

News of Brexit last year sent ripples of concerns across the globe. An air of uncertainty loomed over the country and questions were raised about the attractiveness of the UK as an investment destination. However this has created a window of opportunity for overseas investors.

“With the sterling depreciation and slight drop in capital values, Asian investors – particularly private buyers from Hong Kong and China – have been the most active in London since last year’s Brexit vote,” says David Green-Morgan, head of research, global capital markets at JLL. “The depreciation and capital values drop means that UK commercial real estate is now discounted by 16 per cent on average to overseas capital since the June 2016 referendum. The net yield of City prime buildings is also very attractive.”

One of the biggest spenders are Hong Kong residents. A population which has already invested nearly USD 3 billion on UK property for the first three months of 2017. A rise from the USD 842 million that was spent in the first quarter of 2016. Investors have eyed up commercial space in two of the capital’s most popular areas. London’s West End famed for its retail presence and the City known as the financial hub.

Chinese continue their spending sprees

Big players in the investment world, the Chinese have been restricted by their own country on the outward flow of their capital. However USD 7.5 billion still left the country in the first three months of 2017. This is an increase of 84 percent.

“The new outbound capital control measures are likely to slow down overseas investments, as Chinese corporates and individuals will find it harder to invest outside of China. This is driving an increase in demand for domestic real estate investment going forward,” says Dave Chiou, Director of Capital Markets Research, China at JLL. “However, for Chinese companies with established overseas presence, the impact could be limited as they can use funds regenerated from overseas branches for investments.”


UK’s worst place to buy

Research by leading British fixed-fee real estate agent eMoov.co.uk has identified the worst place to have bought a property in England and Wales since the turn of the century – at least where resulting value is concerned.

The firm analysed data from the Office of National Statistics, charting the median house price across England and Wales by quarter since Q1 2000. Despite the majority of U.K. homeowners enjoying a consistent increase in property values since the start of the new millennium, not everyone has been so lucky.

The centre of
Bolton
 is the only location of some 7,207 in England and Wales that has seen a decrease in the average property value over this time period.

At the start of the new millennium, the average house price in the centre of Bolton was £77,202, just under £8,000 less than the U.K. average. However despite peaking at £105,608 in Q1 of 2008, the current average house price in the area has dropped by 9 percent from the start of 2000, now at just £70,621, and considerably lower than the U.K. average of £221,254.

A 9 percent drop is a far cry from the growth change enjoyed by the rest of England and Wales, with homeowners, on average, seeing an increase of 172 percent since 2000. It is thought the high number of buy to let properties in Bolton is a driving factor behind the poorly performing property market, with buy to let investors driving down prices due to the purchase of multiple properties at a time.

However the low demand for property in Bolton isn’t helping the property market either.

eMoov’s latest National Hotspots Index found demand in Bolton as a whole is at just 28 percent, -13 percent less than the national average, placing the town well outside of the top 50 hottest spots (79th).

But it’s not all bad news. Of the 43 areas in the local authority of Bolton, the remaining 42 have all seen an increase in values over the last 16 years, 16 of which have actually enjoyed a higher increase than the average across England and Wales (+172 percent).

Founder and CEO of eMoov.co.uk, Russell Quirk, said: “This research will certainly come as bad news for homeowners in the centre of Bolton. Generally getting on the ladder is the safest investment one can make in England and Wales and it would seem that anywhere other than this particular area of Bolton, would have at least seen some sort of return on that investment.

“It doesn’t seem like things will be improving anytime soon with low demand for property across Bolton as a whole likely to cool the local market even further. You have to feel for those that have seen the value of their property drop in Bolton, it’s almost the equivalent of everyone in the U.K. buying a lottery ticket and you being the only one that doesn’t hit the jackpot.”


UM Land joins International Property Show

Dot Property’s International Property Show appeals to Malaysian developer UM Land.

Dot Property’s
International Property Show
 has attracted the attention of one of Malaysia’s Top Developers. United Malayan Land Bhd (UM Land) is an well established and reputable property developer with a strong industry track record spanning more than two decades. Earmarking the
event
 that is being held at the ION Orchard Singapore from the 20 to 26 February 2017.

The developer will be showcasing two of their prestigious projects. The first being
Shama Medini
 that is located in Johor. This serviced apartment complex is part of UMCity, a vast 30 acre complex that boasts an impressive 18 acre park with a lake that has been designed specifically for recreational use. The serviced apartments will be managed by Onyx, one of the leading hospitality groups, and there are a range of sized units available to suit a host of requirements.

The other project is
Suasana Iskandar Malaysia
 that is conveniently located in the corridors of Jalan Wong Ah Fook and Jalan Trus. This project is the epitome of contemporary. With a host of amenities and with the latest in modern finishes, residents can enjoy the ease of the lifestyle it provided being just a short walking distance to JB Sentral and Johor Immigration.

UM Land is known for its continuous efforts in establishing trust and reliability to their customers. Resulting in the company attracting the attention of various international property accolades through its developments, which comprise a growing portfolio of townships located in high growth areas of Malaysia. This is in addition to niche developments in the prime districts of Kuala Lumpur and Iskandar Malaysia.

The company emphasises on close working relationships with the best delivery partners. Established partnerships with leading companies such as The Ascott Limited, Onyx Hospitality Group, Samsung C&T Corporation, Samsung Malaysia Electronics, Samsung S-1 Security Solutions Korea and Roca Group enables UMLand to deliver developments of exceptional standard. Their attendance at the International Property Show is sure to generate a lot of interest.