Thai Real Estate Investment Soared On Back Of Property Fund Activity

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

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

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

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

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

KTAM Eyes Real Estate Market

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

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

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

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

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

Property Prices Stagnant But Not Dropping In Goa

While property prices in the country as a whole are tanking fast, real estate in Goa is presently stagnant, but are yet to go down significantly, say real estate developers. Over the last four years, Goa has attracted huge investments for holiday homes from overseas Goans, NRIs and wealthy North Indians.
Real estate operators say that property with a good sea view is always in demand. Earlier, though, properties in interior Goa with a reasonable proximity to a city were also in great demand, sending land prices soaring.

The big property boom started in 2003, and never stopped till the US-based Lehman Brothers went bankrupt late last year. For example, land prices in Panjim nearly doubled in the last year. Other places, too, have seen better-than 20 per cent annual increases.
Since October, though, real estate demand has dropped to half, owing to the global recession and statewide protests against mega-projects. This has stabilised property prices, which have reduced by a minor 5 to 10 per cent. However, the industry expects property prices to drop by 20 to 25 per cent in the coming months, especially from small developers, who are not in a position to hold on.
Many of these small developers are from Delhi and Mumbai. They joined the gold rush to develop property in Goa but have now run out of money and are left with unfinished projects, thanks to the credit crunch. They have been the first to drop rates and resort to panic sales.

Reputed developers are hurt badly, but still prefer to hold on. They feel the present slump is the result of panic, and since land with clear titles is scarce in Goa, the prices are bound to recover and stabilise, unlike in Indias big cities and metros. Consequently, even those who bought land at very high rates in the past few years are not willing to cut prices.

The next few months will tell whether they are right or wrong. Buyers, however, are very scarce at present.

So, one sees a paradoxical situation of sellers who are unwilling to drop prices, even though there are no takers for their properties. We will have to wait and see which one blinks first

Has Upswing Begun In Residential Property Prices

It is true that the upswing has begun in residential property prices in India. In fact, the real estate market in India has gone through a downward trend in the immediate past. The market has witnessed a slump. Property prices have gone down. In the metro centres of India like Mumbai, Delhi, Chennai and Calcutta, during the recession period property prices on an average property rates went down by 33 percent. This has adversely affected the real estate industry and several investment companies as well as infrastructural development companies have suffered losses. Many institutional as well as individual investors found it hard to sustain. However, the grip of the slump became less and less severe as the days and months elapsed. Now the industry is back in the saddle and reportedly the upswing in property prices has begun.

Of late, there is an upswing in the residential property prices in India. Across India, in the prime urban locations during the previous quarterly period the property industry has witnessed an average 10 per cent appreciation in property value. As a matter of fact, this growth in property value is not confined to residential property alone. The growth is discernible in the commercial property as well. However, the growth rate in the residential property segment is much more noticeable than that of the commercial, property sector. In the commercial property sector during the corresponding period the value appreciation is below 5 per cent. There is reportedly an unprecedented demand for middle-level income type of residential units. This upswing in the middle-income level residential property is due to the revised pay scale for government employees and a better paying private sector.

Across India there has begun an upswing at the prices of residential property in India . It is reported that in the property market in the major South Indian cities independent residential houses show better value appreciation than apartment units or flats. This may be due to the higher affordability of the corporate sector clientele in Bangalore, Hyderabad and Chennai. In Delhi and Calcutta the residential property sector shows an average 10 per cent growth in the previous quarter and the trend is expected to continue in the remaining part of the year. In the suburban centres in India, the demand for independent floors and villas is on the increase. A major market trend witnessed in the prime locations across India is that the demand for single and double bedroom housing units is on the increase. Market experts are of the view that there is a price increase of about 15 percent during the current fiscal for the middle-income level residential units and the trend is expected to continue inn the coming years.

Austria Property For Sale Flachau Ski Amade Resort

Austria, in modern times, has beautifully blended its cultural heritage with modern marvels in architecture. Visitors are often surprised to see the amount of amalgam contained in every modern city of Austria. Whether you buy property for business or personal use, Austria always remains the perfect place to relax. The Austrian Government has chosen to make changes to the laws regarding foreign nationals investing in property in the country. In fact these changes have not only helped to make the whole process streamlined but also much simpler.
Flachau is a lively Austrian alpine resort situated just 60kms south of Salzburg. It is home to the legendary downhill skier Hermann Maier, whos family still run the local ski school and hire shop. The resort lies at the very centre of the vast Ski Amade region which consists of an incredible 860kms of pistes all on the same lift pass.
The Flachau Ski Amade Resort is an exclusive development of 25 apartments due for completion winter 2011. All the apartments are built to the highest specification and each comes with either a balcony, roof terrace or garden. Apartments range from 48m2 one bedroom apartments right up to large 133m2, three bedroom apartments with huge roof terraces and excellent views down towards the village.
The apartments are situated right on the piste and just a short walk from the resort centre. There is a communal playground for the kids, underground parking, cable TV and wi-fi throughout. The key features of apartments are: Prices from just 189,000, Ski-in Ski-out, Close to resort centre, Part of huge Ski Amade region, All apartments with balconies, terraces or gardens, No rental obligation and Just 40 minutes from Salzburg.
You will also find a large number of respected and reliable Austrian luxury real estate sales realtors who can help you in purchasing the perfect property in Austria. Whether you choose any of the great, elegant and magnificent villas or the chalets near ski resorts where you have complete fun with family during a break, or the great farm houses situated in the green lashing meadows, you get complete assistance from such real estate agents in your purchase.
Mark Warner Property has a wide range of property in Austria and the Austrian Alps for sale including properties and real estate in top Austrian ski resorts and other locations in Austria. Mark Warner Property offers luxury apartments for sale in Flachau featuring 1 or 3 bedrooms. If you want to explore Austria Property for sale , please visit the site

Offset Rising Cost of Interest Rates by Claiming Property Depreciations

Property depreciation is defined as the decline in value of a building and its assets over the time due to wear and tear as well as physical deterioration. Depreciation on rental property or investment property is treated as an expense and is a part of the income statement. Actually property depreciation can be applied only to the building and not the land, since land is not considered to wear out over time.

Generally there are two types of costs that can depreciate for an investment property;

1. Wear and tear of the fixtures and fittings of a property. 2. Capital works deductions, which are applicable to the cost of the construction and are spread over the lifetime of the property.

One of the biggest advantages of property depreciation is that they are non-cash deductions. It means that you do not need to outlay funds for claiming the deductions. The Australian Taxation Office (ATO) allows you to claim the depreciation on rental property because they realize that the value of fixtures, fittings and other assets of a building reduce over time and will require replacement.

Claiming depreciation on rental property, will help you to offset the rising cost of interest rates. Just like you can claim wear and tear on the car you purchased, you can also claim property depreciation on your investment property.

Calculating property tax depreciation schedule is a complex task, which requires skill and experience in both construction costs and tax laws to generate an accurate report.

It’s important for property investors to at least investigate whether or not they are eligible to any tax deductions on their investment property. The easiest way to find out is to contact a reputable quantity surveying firm such as Property Returns, which specialises in preparing property tax depreciation report for residential as well as commercial properties. We will just ask you a few standard questions to ascertain whether it is worthwhile, and how much deductions you can claim. The fee to prepare a tax depreciation schedule is 100% tax deductible.

How much property depreciation you can claim?

The amount of property depreciation deductions you can claim depends on the four factors, mentioned below:

1. Plant Assets: The value of plant asset items bought with the property at settlement. 2. Building Allowance: The historical cost to build the original structural element of the property, note that this allowance is only applies to properties built after 1988. 3. The cost of any improvements like renovations or extensions on pre-purchase property to change the original structure by the previous owner. 4. The cost of any expenditure by the owner after settlement is considered as post purchase expenditure.

Kolkata Property Under Great Demand Of Investors

Kolkata is the most famous city in India. Kolkata is also called Cultural Capital of India it is now the major hub of IT sector in India. Kolkata is in top 5 tourism city in all over India. Day by day Kolkata commercial market is Increase Real Estate market of Kolkata is the in the boom because of price are competitively very less other then like Gurgaon, Noida, Pune, Mumbai ect.
Kolkata property economic growth only survives on the comfort ability of all the lessons of people in a civilization and what force them are the communications facilities. Kolkata Property is going through a demanding phase with numerous macroeconomic headwinds like poor for developers, augmented cost of building, less land prices, and low notice rates. These factors are keeping the home buyers present from the market. Kolkata property are like unitech fresco, Unitech Harmony, Godrej Prakriti, Realtech Gharoa, Realtech Maple Wood and many others all these property are located at the chief location of Kolkata Like Behala, Rajarhat, Garia, Barasat all these location is top allocation of Kolkata. Rajarhat is a planned township near International Airport and is touted to be the next IT hub of Kolkata.

Real estate Kolkata prices in South Kolkata are rapid on an uphill chart. The other areas that are experiencing high-quality increase are the new Rajarhat Township. Able to be seen cipher of the enlargement indications are the hike in property prices in these localities – rising up to Rs. 500 per sq ft in just a breadth of six months. The Kolkata property residential multifaceted provides the busy lives better security for expenditure carefree life for his or her exist become more & additional agreeable under the protection.

Most usually the resale flats in kolkata next to with Mumbai are under great demand of investors. As investing on the kolkata property allows the investors to find the same good facilities, amenities, property along with lavishness but priced half the price as other city property. So this way the investors are going to enjoy a great deal of investing on the most desired property meeting completely well with their pocket. So with making investment on the Kolkata property, the buyers dont have to go out of their budget rather they are going to enjoy extremely benefits. Kolkata property projects are in the price-range of INR available on all demanding prices with the great enjoying thing.

Window Cleaning and Property Maintenance

Window Cleaning & Property Maintenance Advice

Keeping your home or investment property well maintained through all four seasons is important to any homeowner. Regular upkeep of your investment can help to maintain or even increase your investments value and save you a lot of frustration.

If you have ever walked by a property who’s owners or tenants are not keeping it well maintained then you will know how quickly they can become an eyesore and cause the owners time, money and grief: over grown gardens, mould & mildew, filthy glass, out of control hedges and more. This can be a real challenge for owners and an eyesore for neighbours.

At Partners In Grime (www.partnersingrime.co.nz) we have learned the key to property maintenance is to do it early and often.

Here are a few critical areas for owners to pay attention to when it comes to the maintenance of your home or investment property.

Windows: Keeping your windows clean of dirt, grime and hard water spots is key, if you fail to do so not only will you not be able to see out of them but they could also harbour germs. Your window frames also need special care and attention, mould can build up quickly and spell disaster for you window frames and the hygiene of you house.

At Partners In Grime we are equipped with all the professional window cleaning tools needed to create crystal clear windows at your residence or place of business. We work quickly and efficiently and can incorporate this service within our daily clean included in our flat rate.

At Partners in Grime we have years of experience getting the most difficult windows sparkling clean. When your windows need a good once over to get them back to an original state it’s always better to call in the professionals who have the expertise and knowledge to carry out the job quickly & safely.

A professional window cleaner will also have the knowledge, tools & best array of products to get your windows sparkling. If you have particularly high windows then Partners In Grime have water fed poles which can clean windows up to 7m.

When looking for a window cleaner reputation is key. Please have a look at our website and in particular our guest testimonials which will give you piece of mind in know your home or investment is in good hands.

Thank you,

Aaron Murphy www.partnersingrime.co.nz

Should I Buy New vs Existing Property

The most common question that hogs every home buyer is the choice between a new vs an existing property. Both have their share of advantages and disadvantages. A thorough research is needed to get a good property deal. Moreover since you buy a house not once or twice a year, you need to look at all the aspects and get your dream home. To make our choice easier, the VP of Real Estate Guidant, Sangeeta Shah, explains us the advantages and disadvantages of new and existing home. One of the main reasons that gives a new home benefit over an old one is less maintenance and remodeling cost and efforts. A new property will not need any renovations or modifications for atleast first couple of years. The walls, the landscape, the garden, the flooring all bear a fresh look. A new home also promises modern amenities and facilities unlike older properties. Another most important reason that new home score well over old home, is good resale value. If you are looking for a short term goal or have an immediate plan of selling the house and moving in a new one, then a new property surely fetches you more bucks. If you wish to settle in with a new property, just make sure that you do not have budget constraints. It is understandable that a new house is more expensive as compared to an old house. However, if budget is restricted you can settle for an old property. Apart from budget, an old house also has its share of advantages. One of the main advantages of an old home is an established neighborhood. You know how your area looks like, you know about your neighborhood, schools, cafes, eating joints and the facilities your area offers. Old homes also have bigger and better space area. They have sprawling gardens, bigger rooms and slightly traditional interior that give a royal feel to the house. It can be said that it is an entirely personal call to choose between old vs new property. Just look deep into the factors that you believe the most and decide thereby. The choice is between maintenance cost vs higher price and resale value vs space. Make a wise choice and enjoy living in the home of your dream.

Article written by Dravya Kapoor, International Real Estate Consultant nt

Why You Should Consider Using A Property Consultant!

Property consultants work within the industry day in day out, and can provide you with detailed insights using their professional experience, and knowledge. There are numerous ways that a property consultant can be of use to you.
It is more than likely when looking for a property you will come across severable that you find suitable. Optionally you may find that your choices are limited or perhaps not in the location that you most desire. In any of these cases a property consultant will be able to help you narrow down your search or perhaps suggest alternative locations and properties that you might not have initially considered. This is where you will initially start to see the value of your chosen property consultant. They will ask you a number of in depth questions to help establish and your needs, wants and desires as well as any concerns that you may have. Questions such as number of family, pets and local schools are all common questions that help establish the type of property you may be looking for as well as the obvious one of the amount youre looking to spend. If you are a business looking for an office, a property consultant can help you find a suitable sized property in an area that is close to customers or perhaps key clients.

Once youve decided on the suitable property, they can also help you with negotiations which there will inevitably be. Allowing somebody neutral to perform the negotiations will certainly alleviate you of the high stress levels that are almost guaranteed when dealing with the kind of levels of finance involved in property. Your property consultant should be well aware of the market value of your potential purchase. The money you could save would certainly be worth the fee for their consultancy and it would also save you immeasurable levels of anxiety also.

The actual process and final purchase will also be smoother with a property consultant as they will have a plethora of contacts and will know the suitable personnel to perform a thorough job while also making the process as quick as possible.

It is quite clear that although with some research and plenty of time on your hands you could easily go without a property consultant; however with people living such busy lives these days, often working over forty hours a week, thinking you can do it yourself might actually turn out to be a false economy, not just financially but for your stress levels also.

Dunedin Real Estate Your Dream Property Is Within Your Reach

Sometimes referred to as the southern gem, Dunedin is the South Islands second biggest city, characterised by a unique Scottish feel and architecture imposed on it during the time of New Zealands colonisation. Surround by beaches, forests and dramatic scenery, Dunedin is noted for its youthful and charismatic population being attracted by the educational and tertiary facilities contained within. With a population of just over 125,000, the city is one of the best preserved Victorian and Edwardian cities in the Southern Hemisphere. Becoming a desired location for students, families and businesses alike, the demand for Dunedin real estate is increasing at above average rates.

According to the latest Quotable Value New Zealand figures, southern Dunedin real estate figures have surged, recording the highest percentage increase in the country. The southern region extends from Waverley to Green Island, including the suburbs of St Kilda and St Clair. The figures illustrate that the area has experienced an increase in home values by 8.7% with an average sale price of $264,000. Likewise, Dunedin overall, showed a 4.9% increase in property values with the average sale price rising to over $276,000.

The increasing prices are a direct result of increasing demand. As many of the main centres in New Zealand are experiencing continued growth in house prices and valuations, Dunedin is presenting itself to many as an attractive option. With the average house price in New Zealand just a little under $410,000, properties in Dunedin represent real value in the marketplace where many families are struggling to find suitable and affordable housing options. According to Glenda Whitehead from QV Valuations, some of the increase in market activity in Dunedin is due to a rise in purchases by existing homeowners, who realise the benefits of purchasing prime real estate at well below national averages.

There are many advantages to purchasing Dunedin real estate, apart from the scenic and natural beauty that the city is surrounded by. With the security of tenure, you will be able to enjoy the cycle of the real estate market, accessing capital gain as the property naturally appreciates. If, like most kiwis, you enjoy a little do it yourself (DIY), then additional capital gains can be achieved through renovations. There is nothing like the sense of pride that comes with homeownership. The freedom and ability to personalise your property to suit your tastes and requirements has long been an aspiration of nearly all New Zealanders. However, with the current price hikes in property prices, renting is fast becoming a reality for many who cannot afford the deposit or repayments on their first home. However, Dunedin is offering the consumer real value and choice. Why not consider a move to a new place, where the people are friendly, the amenities are first class and most of all, your dream property is within your reach.