Why BANGKOK? The reasons to invest in LAND of SMILES 1
INTRODUCTION to THAILAND About Thailand Thailand Economy Recovers from 1999 Main driver of Economy is Exports & Tourism Thailand situated in the heart of South East Asia Countries, has a GDP growth of 5~8%, as compared to our neighbours, it is one of the most consistent performers S.E.A. Heart Thailand Population: Bangkok Population: 69.1 Million, ranked 21 st 2 11 Million, 1/5 of Thailand
Why Bangkok Attractive Host Country Free Trade Agreement Regional Connectivity Hub Rail Systems & Mass Transit Remarkable economic progress experiencing foreign direct investment (FDI) inflows growth of 21% over the past 6 years, compared to the global percentage of 0.7%. Occupying 4th rank in Asia s top prospective host economies, Thailand has gained a solid reputation as a second home for various global multinational enterprises (MNEs). Thailand has signed free trade agreements (FTA) with numerous trading partners worldwide, to reinforce its commitment to free and fair global trade, while conducting ongoing negotiations for new FTAs. >465,000 kilometres of roads and a vast highway network connecting each region nationwide. The goal is to increase regional cooperation with numerous fast-growing countries such as China, India, Viet Nam, Malaysia and Singapore and become a major hub of regional road connectivity. >4,000 kilometres of railway lines connect the regions of Thailand. Plans are in the works to build both doubletrack railways and high speed trains. A new mass transit system in Bangkok is also under construction with more than 175 new stops expected in the Bangkok Metropolitan Mass Transit system as well as in the rail connection between the Suvarnabhumi and Don Mueang airports. 3
MEGA INFRASTRUCTURE PROJECTS IN THAILAND 4
ONE BELT ONE ROAD 5
ONE BELT ONE ROAD 6
SINO THAI HSR 7
Jack Ma s Investment in Thailand 8
Bangkok Performance Average Asking Prices Only projects that are in good or new locations with the right pricing that matched demand in the area did better than average. Based on reports from publicly-listed developers and CBRE surveys, we believe that there were only about 2,329 built-butunsold units from projects that have been completed since 2014 in the downtown area, therefore we are not worried about having an oversupply in this area. Average asking prices of future units increasing steadily in the high end segment The increase in land prices especially in the Central Lumpini and the Sukhumvit areas means that new projects will have to charge higher prices than those of previously launched developments. 9
Bangkok Performance Supply, Demand, Occupancy Rate The Sukhumvit area has remained the most popular location for expatriates. This is because of its easy access to the BTS Skytrain and the large number of shops and restaurants. The overall occupancy of downtown apartments has continued to be over 97%. Some apartment owners started renovation of their buildings in order to compete with upcoming supply of condominiums for rent. 10
Upward Thrend Projected Price Increment in Coming Years 11
Upward Thrend Projected Price Increment in Coming Years 12
SMART Visa Overseas Investor + Skilled Expatriates Favoured by Expatriates & Management Bangkok s lower cost of living, makes its easier for Expats to live Expats work permits increment of 5% y-o-y 82,000 Expats in Year 2016 Note: Excludes expatriates from Laos, Cambodia and Myanmar and diplomats Source: Alien Occupational Control Division, Department of Employment 2018 年 2 月起新 Smart Visa 計劃將吸引更多海外專材 13
Work Permit Demographics 14
CURRENCY EXCHANGE Currency Advantage- Weakening of Thai Baht 2013/04/15 0.27 9% Dip 2018/03/08 0.245 Support: 0.21 2015/09/21 0.21 15
CURRENCY EXCHANGE THB-USD 2013/04/19 0.03495 8.9% Dip 2018/05/29 0.0312 Support: 0.027 2015/10/06 0.027 16
CURRENCY EXCHANGE THB-SGD 2010/11/18 0.043 9.7% Dip 2018/05/29 0.04186 Support: 0.038 2015/06/05 0.038 17
CURRENCY EXCHANGE THB-AED 2013/04/19 0.128 8.9% Dip 2018/05/29 0.114 Support: 0.100 2015/09/24 0.100 18
CURRENCY EXCHANGE THB-GBP 0.8% Up 2013/05/29 0.02339 2018/05/29 0.02359 Support: 0.0145 2015/09/24 0.0145 19
CURRENCY EXCHANGE THB-CNY 2010/11/06 0.226 8.8% Dip 2018/05/29 0.199 Support: 0.174 2015/10/06 0.174 20
Foreign Buyers with FREEHOLD Ownership According to the Condominium Act, B.E. 2522 (1979), foreigners are allowed to purchase and own condominiums up to 49% of the total space of all units in that condominium on a freehold basis. Upon purchase, foreign buyers receive the same title deed as a Thai owner would, complete with details regarding the land belonging to the condominium; the unit; the owner s name; and official seals from the competent authorities. Buying a freehold condominium, therefore, is the ideal option for those who are looking for long-term investment with 100% ownership. 21
TAX Comparison Hong Kong Bangkok 6 Stamp Duty 15% 1% Buyer Stamp Duty (BSD) Seller Stamp Duty (SSD) Legal Conveyancing Property Tax Capital Appreciation Tax 15% Nil 10-20% Nil Yes Nil 15% Nil Nil Nil 22
Buying Process & Costs RESERVATION Reservation Fee of 100,000 THB for 1-bed apartment, 200,000 THB for 2-bed apartment 30% DOWNPAYMENT Transfer of 30% Downpayment direct to Developer Bank Account SIGNING OF SPA (Sales Purchase Agreement) Signing of Sales Purchase Agreement COMPLETION Transfer of 70% Downpayment direct to Developer Bank Account SETUP ELECTRIC & WATER METERS APPROX 5,500 THB INDUSTRIAL ALL RISK INSURANCE APPROX 800 THB TRANSFER FEE 1% by BUYER MISC FEE (Admin for Transfer) APPROX 500 THB SINKING FUND ONE TIME PAYMENT TO DEVELOPER MAINTENANCE FEE PAYABLE 2 YEARS in Advance to DEVELOPER 23
FET (Foreign Exchange Transaction Form) Common Question: How Do I Transfer My Funds for Property Purchase? Under the 1991 Property Ruling, payments made by non-residents to buy Thai apartments must be in foreign currency (non-thai baht) Remittances to Thai developers Buyers need to obtain a Foreign Exchange Transaction Form (FET certification) from the receiving bank for future registration in the Land Title Department in Thailand. This process is often assisted by the Developer. 途 24
Sales and Tax Components SPA Signing of SPA Transfer Property Completion 2018 2020 2023 Period where Buyer can resale the property Transfer 1% Transfer 1% Specific Biz Tax 3.3% Transfer 1% Stamp Duty 0.5% 25
Current Train Connectivity w Airport Link BTS GREEN LINE is the first operated line in the Bangkok Mass Transit system. MRT BLUE LINE is the second operated line in the Bangkok Mass Transit system. With lines built underground, commuter numbers are estimated at more than 250,000 daily AIRPORT LINK connects both the green and blue lines to link up with Thailand International Airport, Suvarnabhumi 26
Future Metropolitan Rapid Transit System Bangkok 27
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Why Choose Bangkok Properties 29
Why Choose Bangkok Properties 30
Why Choose Bangkok Properties 31
Price Comparison in Bangkok Different Zones Approximate Per Square Metre Price Rama 9 Asoke Phloen Chit Chit Lom Thong Lor Riverside USD 594 USD 710 USD 775 USD 877 USD 903 USD 903 32
Why Phrom Phong? Nestled in between Luxury Malls, The Emporium & The Emquartier Serviced by Phrom Phong BTS Station, 1 stop away from Asok BTS/MRT Interchange Within Distance to Terminal 21 and Asok Montri Home to many 5 Star Hotels, Hilton, Novotel, Westin Grade A Offices within Phrom Phong Station Not Many New Condominium Launches in Recent Years Recent Prices are around 340,000 THB to upcoming launches looking at 360,000 THB 33
Why Phrom Phong? Phrom Phong station is a BTS skytrain station, on the Sukhumvit Line in Khlong Toei District,Bangkok, Thailand. The station is located on Sukhumvit Road at Soi Phrom Phong (Sukhumvit Soi 39), one of the areas in Bangkok which is sometimes called Little Japan with many Japanese restaurants. It is also linked by skybridge to The Emporium Department Store. 34
Voted Most Popular Shopping District in Thailand 2017 35
Emporium & Emquartier 8 mins Walk The EmQuartier [1], opened in May 2015, comprises the commercial The EM District in Bangkok with the Emporium, and the EmSphere. All three buildings have a total area of 2,500,000 square feet of mixed use retail space and are located on a 50-rai plot of land adjacent to Benjasiri Park. The Emporium is a luxury [1] in Khlong Toei district, Bangkok, Thailand, which opened in 1997 and it is a part of The EM District. It is owned and operated by The Mall Group and another mall, Siam Paragon. 36
Nearby Hotels 37
Nearby Commercial Offices Glas Haus BHIRAJ Tower Metropolis Tower UBC II Building Emporium Tower 38
Nearby International Schools International Schools 39
Accessibility LOCATION LOCATION LOCATION Siam 9 Mins 32 Mins SiLom & Sathon 13 Mins Phrom Phong Sukhumvit soi 15 to Sukhumvit soi 55 favourite destinations of Foreigners 40
NOBLE DEVELOPMENT The DEVELOPER We do not build houses, we create homes 41
The DEVELOPER s Projects 42
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BAHT/ SQM 400000 310000 300000 200000 100000 60000 125000 180000 85000 85000 165000 98000 185000 200300 110000 108000 158000 180000 184650 120000 125000 180000 110000 155000 120000 165000 180000 220000 222000 255000 0 P 2 Pre Sale 2018 44
NOBLE AROUND 33 Land Size: 1-2-95.8 Rai Total Units: 268 Units Total Stories: 25 Floors Carpark Lots: 53% Security Features: 24 hours CCTV, Keycard Access, 24 Security Guardhouse Completion: October 2020 Sinking Fund: 700 Baht/ sqm (1 time) Maintenance Fee: 70 Baht/sqm/mth (Advance 1 year) 45
Location Noble Around 33 46
Grand Lobby 47
Facilities Green Parks 4 th & 22 nd Floor Fitness Gym 25 th Floor 48
Facilities Party Lounge & BBQ Area 14 th Floor 49
Facilities Sky pool on 25 th Floor 50
Interiors 51
Interiors 52
Rental Comparables 53
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THANK YOU 59
3 Key Reasons to Invest in Bangkok As the geographic heart of ASEAN, Thailand is regarded as the largest growing economic market and serves as a gateway to Southeast Asia connected to the world via Suvarnabhumi International Airport, ranked as the world s seventh largest airport, and Don Mueang International Airport. With its strategic location, unique advantages and the city s appeal, Bangkok is positioned for huge growth in its property sector, attracting overseas investment and regional headquarters keen to tap into the city s economic potential. 60
3 Key Reasons to Invest in Bangkok Bangkok is ranked ninth among the top 10 emerging world cities, according to new research from real-estate consultancy Jones Lang LaSalle (JLL). In the past years, Bangkok has undergone several major infrastructure developments including the expansion of mass transit lines (BTS Skytrain and MRT Subway). Within the capital, investors look to the core areas that constitute Bangkok s most promising investment opportunities, thanks to their unrivaled access to mass transit: Ploenchit, Asoke, Phrom Phong, Ratchada and Ari. 61
3 Key Reasons to Invest in Bangkok With the influx of ASEAN Economic Community (AEC) coupled with the government s 2.2-trillion-baht transportation infrastructure investment to turn Thailand into AEC logistics hub, it has driven Bangkok property to grow constantly; particularly in the inner-city locations where the prices keep breaking records year after year. This fact is supported by Knight Frank s Bangkok Condominium Research Report for Q2 2015 that the prices of newly launched luxury condominiums in the central business district (CBD) went up at a much faster with prices above THB 250,000 per square meter and tended to be skyrocketing 62