Progress In Preparing The Draft Condominium Statute

Progress in preparing the draft regulations under the Thailand Condominium Act amended in 2009 with the purchase and sale agreement is almost completed and will be presented to the meeting of the Council of Ministers (Cabinet) in August 2011. The essence of the contract will be to declare the act as another measure to protect consumers, which requires that any project or condominium units which will be open to the public for sale must be certified or approved by the Environment Impact Assessment Committee (EIA) and must have a valid license for construction.

The framework of this contract will provide fairness for the buyer. Many previous condominium projects were sold or booked but without passing the EIA assessment first which meant that there were many legal cases being brought against developers.

The legislation drafting committee has now approved Condominium Act law. Preliminary determination of the initial height from three stories up and the height of the building will be based on the building control act which regulates the rules or details already. Room sizes, for example, must have a minimum usage area of 20 square meters and a bathroom included. However, the editing of the various definitions will take a year to complete and make enforceable.

The new combined Bangkok city plans to include FAR (Floor Area Ratio) for land use along the metro system includes both open-for-business and under-construction projects and investment projects in the planning stages.

According to the combined Bangkok city plan which is considering updating and prepare to announced a new city plan enacted for 2012. By taking lessons and shortcomings of the previous land use plan for revision as well as the growth rate of both residential and commercial development including the number of people using the area as a key element in determining the future layout of urban development.

The consideration of the new Bangkok city plan will increase the use of land along the entire metro route which is currently in service and currently under construction according to master plan and investment plan.

This is because the demand for land along metro lines is high from both investors interested in investing in all types of commercial ventures including shopping centers and low-rise housing and high-rise housing especially in the inner city and central areas and the demand of living near working areas and shopping centers. The city of Bangkok will increase the FAR ratio or total building area per land area to be able to construct more on the same piece of land as 1-2 times.

Apart from that, areas in Bangkok inner city and Bangkok middle areas that have the overhead train can be able to develop more high-rises with land high prices and are likely to be considered worth the investment of further rail systems including Bangkoks outer areas stations.

However, BMA has planned to raise the ceiling of a maximum FAR10: 1 to FAR 15:1 especially in some of the red zone area such as some part of Silom will also increase In descending order according to their suitability and land use. increasing the FAR to 11:1, FAR 12:1, FAR 13:1, FAR 14:1 and FAR15: 1. However, it must depend on the city planning committee for approval.

Barbados Luxury Condominiums – Attracting Wealthy Individuals

Barbados Luxury Condominiums are in great demand because Barbados has built an enviable reputation as the most attractive place to live and work in the Caribbean. The country has a vibrant economy, which operates in a very stable political and social setting, while excellent infrastructure and modern services are available across the island. It is no wonder that some of the wealthiest families in the world have built luxurious mansions on the islands shores, while many famous film-stars rent luxury condominiums or spend time in 5-star hotels like Sandy Lane Hotel every Winter. The attraction to Barbados is enhanced by the fact that these individuals can come and go without being hassled by the media or the locals. The weather is also beautiful during the Winter months, with temperatures ranging from 26 to 31 degrees Celsius in the day time and from 23 to 25 degrees Celsius at night. With the Atlantic Ocean on the eastern side of Barbados, there is always a cooling ocean breeze to moderate these temperatures even further.

High-net-worth individuals quite often open International Business Companies in Barbados so that they can purchase real estate in the name of their company. This makes it easier to transfer ownership when it is time to sell and realize a handsome appreciation on their real estate investment. They just sell the company, which owns the real estate. Another advantage of Barbados is that all capital-gains are exempt from taxes and taxes on income for I.B.C.s are extremely low (ranging from 2.5% to 1%).

Barbados Real Estate Provides Good Return On Investment

Barbadian real-estate investments have returned a consistent 8 10% per year for the last twenty years. In the last few years, three new golf-courses have been developed with luxurious villas and fairway homes. The latest of these golf clubs is Apes Hill Club, which has been carefully planned so that each resident may take maximum advantage of the view atop one of the islands highest ridges. Many of the lots on this course will allow residents the rare opportunity to view both the West Coast and the East coast of Barbados!
The most recent evolution in Barbados Real Estate development is the rapid expansion of Luxury Condominiums and luxury villas. New projects are being developed on both the West Coast and the South Coast of the island. These luxury condominium-developments have become very popular because they provide common services such as:

Privacy with 24-hour-a-day security-services within a gated community.
Full-service fitness-centres.
Global Concierge management service.
Swimming pool and/or tennis courts.

Other special interests like boating can be satisfied by choosing a development within a marina.

Barbados Luxury Condominiums The preferred Locations

The most popular location is still the beachfront properties on the West Coast, where you can find splendid luxury villas and unique Luxury Condominium developments like Portico, which has won international awards for innovation and world-class quality. Other attractive areas of development include the golf-courses such as Sandy Lane Country Club, Royal Westmoreland Country Club, Barbados Golf Club and the newest luxury properties, which are now available at Apes Hill Club. There are also very attractive luxury-villas being built for those who have a particular interest in Tennis or Polo. There are now several Polo Clubs on the island also, which include luxury villas and the usual gated-community services and amenities that would satisfy even the most discerning individuals.

Several new luxury condominium-developments are also being built on the South Coast of Barbados. With beachfront property becoming very scarce on the West Coast, the demand for beachfront property on the South Coast has been growing rapidly. Some new condominium-developments have recently been completed and are attracting prices over U.S. $900,000.00. The value of these residences will appreciate over the next few years as the few remaining beachfront sites on the South Coast are developed.

If you would like to learn more about some of these exciting Luxury developments in Barbados, you can visit my website on Barbados Luxury Condominiums.

Advantages Of Owning Or Renting An Apartment Or Condominium

When it comes to residential real estate in Philippines, apartments and condominiums have been considered as some of the popular types of housing. This is because of several advantages that proved very useful and beneficial to many Filipinos compared to owning a whole house. So what are the advantages of owning or renting a condominium unit and an apartment?

Affordability
Compared to buying a house, residential real estate in Philippines such as condominiums and apartments are known for its affordability. Although some condominiums in the Philippines may cost more than houses are worth, particularly those found in bigger cities, other condominiums are found to be much more affordable, typically around half the cost of buying a house.

Apartments, on the other hand, are much more affordable. This is because apartments are usually rented or leased to tenants which tends to be far cheaper than buying a condo unit. Popular types of apartments are the studio type apartments which tends to be the smallest with the cheapest rent cost.

Convenience
Another popular feature of owning or renting a condominium is its location. Several new apartment buildings and condominium buildings today are found in small footprints of a big city, such as those found in Makati City. This allows residents and tenants to within walking or mass transit distance of business and industrial areas of the city. However, apartments and condominiums found in these locations are known to be much more expensive than in other locations.

In terms of convenience, condominiums have also been known for its own conveniences such as its maintainability as well as with its security. All types of condominiums are known to provide their own maintenance personnel that takes care of all facilities found in condominiums from swimming pools, gyms, spas, to garages, hallways, and elevators. Security is also another benefit when it comes to owning a condominium unit. The disadvantage, however, is with its monthly fees aside from electric and water bills. These fees are usually used to pay for the maintenance and security for the condominium.

Amenities (condominium)
Another advantage of owning a residential real estate in Philippines such as a condominium is its amenities. Some condominiums sold in the market are known for the luxury they can provide to their residents such as swimming pools, gyms, spas, and recreational areas such as parks. These amenities are usually not included in owning a house. These types of condominiums, however, are usually more expensive than buying a house.

The Many Advantages Of Buying A Condominium Unit

One of the most popular type of housing in the Philippines today are condominiums. Compared to other forms of housing, such as townhouses, apartments, and most specifically houses, condominiums have grown to become a very popular type of housing because of its many advantages and benefits. So what are its advantages over other types of housing?

Affordability
Compared to townhouses and houses, condominiums are much more affordable in terms of permanent residence. Houses and townhouses available in the Philippine market today ranges from hundreds of thousands to millions, depending on the city as well as with its location. Houses available in Manila today can go up from P1,000,000 Philippine Pesos to as much as P10,000,000 Philippine Pesos. Condominium units, on the other hand, would only cost half the original price of houses and townhouses, only ranging from P500,000 Philippine Pesos to a million.

Location
Another advantage of owning a condominium unit is its location. Most condominium available in the market today are those found inside a major city, such as in Makati City. According to Real estate Philippines experts, this allows it to be within walking or mass transit distance of business and industrial areas of the city. Another popular location of condominiums are those found outside of major cities, particularly those found in provincial areas such as Tagaytay.

The advantage of these types of condominiums (these types of condominiums are usually known as condominium complexes) are the luxury it provides as well as amenities which could cost a lot if installed in houses. Though townhouse complexes are also known for its amenities, condominium complexes are usually more affordable.

Amenities
The advantage of most condominium complexes are its amenities. These amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. Installing such amenities in houses or buying houses with the same amenities could cost millions of Pesos. Although townhouse complexes has the same amenities, condominium units are usually more affordable.

According to Real estate Philippines experts, such amenities are usually available in condominium complexes. However, some condominium buildings are also known for its amenities such as pools, gyms, and other popular functions.

Permanent residence
In terms of affordability, apartments are usually more affordable. However, the advantage of condominiums are its ownership. According to Real estate Philippines experts, a condominium building and an apartment building are usually the same. The only difference are its form of ownership in which condominiums are usually sold to individual owners while apartment units are leased or rented to tenants.

Advantages and Disadvantages of Living in Condominium

What are the advantages and disadvantages of using living in a condominium unit in the Philippines? Condominiums, or condos, have become very popular types of housing in the Philippines today. According to many Filipinos, part of the reason why it became popular and highly in-demand is because of today’s modern and fast-paced lifestyles.

Advantages of living in a condo unit in today’s modern trends Because of today’s modern and fast-paced lifestyles, many Filipinos today are looking for a kind of house which they can easily access from the work. Because most Filipinos today are working around the clock, the kind of home they are looking for may involve most necessities, such as a relaxing and quiet space where they can retreat to once their work is done.

Accessibility to workplaces At that time, condominiums, along with a few apartment buildings, were found in locations such as in business and commercial districts, such as the many towering condo manila. And because of this, condominiums became a very popular type of housing for Filipinos living in a fast-paced lifestyle, which in-turn led to a massive demand for these types of housing.

Eventually, the number of condominiums has significantly increased within and outside business and commercial districts, allowing more Filipinos to benefit from its advantages. But other than its accessibility to workplaces, condominiums are also known for its ease of access with entertainment areas such as malls.

However, other than its location, condominiums are also known for its other benefits, such as its maintainability as well as its security.

Maintainability and security All types of condominiums are known for their maintenance personnel who are tasked to maintain all facilities found in the condominium, from its hallways to elevators, to cooling systems and its garages. This makes it easier for its residents to focus more on their own units rather than the whole condominium.

In addition to its maintainability, condominiums are also known for their security personnel who assure the safety of their residents, particularly because most if its residents are of high-statures such as company and corporation executives.

Disadvantages of living in a condo unit in today’s modern trends There are, however, several disadvantages to living in a condominium, particularly in most condo manila. One of those is its lack of environment for growing a family. Because most condominiums are found in the city, many Filipino families found these unsuitable for their growing family.

Another major disadvantage of condominiums is its expensiveness and condo fees. Because most of these condominiums are found in areas near or within business and commercial districts, as well as with its growing demands, condominiums became one of the most expensive types of housing in the Philippines.

In addition to that, condominiums are also known for its condo fees, which are mostly used for the maintenance of the condominium as well as wages for its security and maintenance personnel.

Bedok Reservoir Condominium

Situated in east Singapore, Bedok Reservoir condominium which is an Urban Redevelopment Authority (URA) tender will be launched in between November to December 2011. The 4.56 hectare land was made into a residential property wherein approximately 577 housing units were built. The units are of different types like single bedroom to five bedroom apartments, penthouses and Semi-Ds to cater to the space needs of individuals and small and large families. Not only that the housings units are made of intricate designs and landscapes but the condominium itself boasts of its back-to-nature appeal especially since it nestled in the waterfront and reservoir. It would be better to purchase a unit if you want to live a more laid back life.

Further, Bedok Reservoir condominium provides space for both children and adults. For the children, there is a playground and a swimming pool to make their lives fun and exciting. They may also learn about nature in the park. For the adults, there is a gym, tennis courts and sauna. Nonetheless, they could enjoy together the BBQ areas and the spa and wading pools. These facilities are perfect for Sunday lunches and picnics. As such, the condominium does not only highlights family living but a family living that is of high quality and very decent.

There is nothing compared to having a home in a neighbourhood that is both peaceful and secure. Bedok Reservoir condominium was developed in such a way that it will be a haven. Round the clock security guards ensure that all residents are protected. Other than this, modern surveillance cameras are installed so that the movement of the people in and around the condo can be closely monitored. Having said this, security should be a primary concern in buying a house and this condominium in District 16 would be perfect.

Another consideration in finding a house or an apartment is its proximity to schools and groceries or supermarkets as well as different modes of transportations. First, the condominium is situated in an area with primary and secondary schools and college and university. There is also an international school within the vicinity. Second, shopping malls are close and are just about a 15-minute drive, that is if you could not find items that you are looking for on the two groceries in the basement of the condominium. Third, bus stops are geographically scattered in the area as well as being close to an expressway. That being said, if you want to live in an area with easy access to facilities and amenities then Bedok Reservoir condominium is highly advisable.

Responsibilities of Condominium Associations in Philadelphia

When you’re looking for a good condominium to buy in Philadelphia, you might get caught up in all the inspections and the showings that you’d forget about what condominium living is like. This is true especially for first-time condominium owners who just got out of the suburbs and is looking to move to the middle of the city. One of the most important things that will play a big role in your condo life would be the condominium association.

People choose to live in condominiums here in Philadelphia because it is an agreeable middle ground between buying a house and renting an apartment. Buying a condominium basically means you own that piece of real estate you live in and you’re not just renting it. The unit owners of a condominium complex band together and choose among themselves a board of directors that would form the condos’ Homeowners Association. Every unit owner would then have to pay association fees for the various services that the Association is responsible for.

Building Maintenance

When you buy a traditional freestanding home, you will be responsible for the maintenance and the upkeep of that building. In a condominium complex, the Association is the one responsible for maintaining the condo building itself, especially the common rooms, the hallways, and the building exterior. This would include the repairs needed for damage on the roof, doors, or windows, among other things.

Landscaping and Yard Maintenance

If your idea of the American dream doesn’t include mowing the lawn but you still want the outside of your home to look great, then condo living is right for you. Your association fees also cover the cost of maintaining and landscaping the surrounding areas of your condo complex. This includes mowing lawns, shoveling snow, and gardening.

Public Amenities

When you’re looking for condos for sale in Philadelphia, you might have noticed that some of them have public amenities like gyms and swimming pools. The maintenance of these places is also covered by your Association fees. Basically, all common areas are maintained by the HOA.

Utilities

Some Homeowners Associations also include in their coverage services such as garbage disposal, air condition, and even cable TV. The utilities covered by your association dues vary from complex to complex. It would be good if you take this into consideration before you choose which Philadelphia condos to include in your shortlist.

When you’re looking for condos for sale Philadelphia PA has, it is important that you know about all the ins and outs of real estate and condo living so there won’t be any surprises once you’ve chosen a place. For more information, you can visit ourfamilyplace.com/homebuyer/associations.html or neighborhoodlink.com/article/Association/Condo_Maintenance_Coverage.

Tips For Proper Condominium Association Management

Condominiums have gained popularity as is evident with the increasing demand for these housing units. For the property association to work well, the proper management must be in place. This is what most people find challenging, so they try to avoid being on the condominium management team.

However, with the proper information and good strategies in place, it is very easy to properly manage a property on behalf of the condominium association. For instance, it should be noted that many issues are the result of poor management of finances within the association. This can be dealt with by having a budget in place that will account for every expense. These expenses should be supported by documents such as payment slips and receipts.

The budget plays a very important role in the management process since all members can see how their money has been spent in the development and maintenance of the property in general, thereby promoting harmony and trust between members. The other tip for making management successful is learning the goals and objectives of the association and then coming up with strategies to meet them in the long run.

The one mistake most associations make is failing to come up with the main objectives or failing to set expectations for the association. Management is much easier when there is a clear idea of what should be achieved in the end as this helps in coming up with strategies that will indeed work towards achieving these goals. The strategies made to achieve the overall goals should be discussed among the members to ensure that everyone is on the same page and that every idea is accommodated.

To ensure that the property is always occupied, the management should take it upon itself to ensure that the property is well maintained and remains attractive to clients. The amenities within the property and all systems should be kept in good working condition to keep the property as good as new.

There are companies which offer condominium association management services for those who find it difficult to manage the condominium association. These services have come in handy for condominium association members as they can rest assured that all issues pertaining to the property are taken care of by professionals and will definitely meet with success. It is important to choose a management company that will offer all necessary services and has the necessary experience and expertise to accomplish its job successfully.

Basic Approaches to Supply The Condominium With out Braking The lender idwwl0718

As soon as you transfer to a fresh spot, your following huge career is always to supply the condominium. Without anything at all

but, it may look being a huge process to be able to supply a complete condominium, a good tiny a single. Nonetheless, there are

several methods steer clear of key expenditures once tsw gold you

benefit from a couple of basic suggestions to locate great bargains about condominium furniture.

1. Raid The Parents’ Home-Before moving out to get home furniture, take into account inquiring the mom and dad should they have

got virtually any inside their residence that one could acquire. That is specifically crucial when here is the first-time you

might have transferred all on your own and also they could be ready to enable you to have got the bedroom accessories to your

fresh spot. In addition they could have outdated home furniture the

secret world gold they may be about to change that they can enable you to have got at no cost. Almost all they could point out

will be ” no” so that it by no means damages to use. a couple of. Utilize Craigslist-When you are looking for money

saving deals about employed home furniture, Craigslist is the better destination for a seem. There is certainly a good ”

free” part in which sometimes provides several respectable parts that folks must sell on the go. Normally, invest some time

and appearance cautiously with photographs and also information just before traveling to find out things. You can actually boost

the odds of obtaining condominium furniture you will take pleasure in and also acquire with rates it is possible to manage to your

fresh residence. 3. Check out Consignment Stores-Owners regarding consignment retailers bring among the better employed home

furniture. They will evaluate just what they will ingest thus you can actually locate good quality things that come in great

problem with out proceeding all around us. The values typically are certainly not only Craigslist, nevertheless the ease aspect

will make that worth every penny for your requirements. some. Obtain Off-Brand Furniture-Although name-brand home furniture gets

the artist identify, it is possible to usually locate practically the same parts coming from away from brand names to get a

portion with the expense. You are going to get some very nice parts, and also no person can at any time realize the particular

variation. 5. Watch for Sales-If you ‘must’ have the particular high end things, you are going to help save big money in the event

you hold out acquire in the course of revenue. Retailers move buy tsw

gold their particular bargains regularly, and also when you have slightly endurance, you can get no less than 10% or perhaps

20% away from.

A single crucial factor to make note of any time searching for what to supply the condominium together with will be making certain

almost everything can suit. As well as making certain the particular parts will be the proper dimensions for your area, take into

account how big is the front door and also virtually any limited 4 corners to get your entire home furniture directly into spot.

Summit At Copper Square Soft Loft Condominiums In Central Phoenix

The Summit at Copper Square is located in the hub of downtown Phoenix. Located on the corner of Fourth and Jackson, the property is a stunning landmark, its intense yellow and blue faade immediately striking . The twenty-two story high rise building is composed of premium, loft-style condominiums. When initially developed, The Summit at Copper Square was the highest residential tower in the Valley of the Sun.

The Summit at Copper Square boasts one hundred sixty-five condominiums, with floor plans ranging from one bedroom, one and a half bath, to two bedroom, three bath homes. The square footage varies by design, varying between 898 and 1,500 square feet. Because it is a high rise, The Summit offers unparalleled vistas of the city center. Dependant on on where the condo is positioned inside the community, residents have a view of Phoenixs wonderful urban and natural skyline during the day, and a fancifully illuminated metropolitan view in the evening. The fifth story of the building features an infinity pool, fully up-to-date gym and fitness center, a terrace lounge, and a convention/meeting room that residents will enjoy. The Summit at Copper Square has its own self-contained parking garage. Every condominium is designated its own space, and a parking lift may be installed to enable two cars!

The high rise downtown condominiums at The Summit at Copper Square feature a faintly industrial aesthetic, mitigated by luxury. The condos have hard wood flooring in the center living areas, chrome hardware, stainless appliances, and exposed ductwork, providing a contemporary feel. Furthermore, you’ll notice the commonly opulent characteristics, such as marble floors in the master bathroom, maple cabinetry, and granite kitchen countertops. The Summit at Copper Square in truth is a amalgamation of the best of both worlds, effectively marrying progressive trends with conventionally premium finishes.

In terms of environment, The Summit at Copper Square presents several possibilities for fun and culture. The site is ideal for sports fans, as it is within walking distance of Chase Field and U.S. Airways Center. The high rise is also near to the countless additional points of interest downtown Phoenix presents, including CityScape, the Phoenix Symphony, the Dodge Theater, the Arizona Center and the Herberger Theater. Moreover, the condos are adjacent to the art district. The first Friday of every month Artlink Phoenix hosts the country’s bigest self-guided art walk. There actually is something for everybody!

The solitary previous downside to The Summit at Copper Square was the developers fiscal problems. However, just lately, the bankruptcy court approved a Chapter 11 Reorganization Plan, subject to financing. This possible solution to the fiscal difficulties will probably mollify doubts regarding the strength of both the Home Owner Association, as well as the builder.

Presently, ten condos are available on the market in The Summit at Copper Square, ranging from one bedroom, one and a half bath units of 966 square feet for $125,000 to two bedroom, two and a half bath condos of 1,520 square feet priced at $390,000.