Sukhumvit Condominium Projects Continue Unabated

Bangkok’s property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.

Since last year nearly 100 projects have been launched in the area by both listed and non-listed property firms. Construction will be complete between the end of this year and 2013, according to a survey by The Nation newspaper last week. Examples are The Clover Thonglor, Le Lux & Sky Walk condominium, Ivy Thonglor, The Trendy Condominium, Noble Phloenchit, Ideo Morph 38, and Aequa.

Condominiums along this route are priced between Bt80,000 and Bt200,000 per square metre.

Luxury residences priced at over 150,000 baht ($5,000) per square metre are located between the Phloenchit intersection and the top of Sukhumvit Road between Sois 1 and 10. From Soi 10 to Soi 55, prices range between 80,000 and 150,000 baht per square metre.

One-bedroom units with a total space of 45-60 square metres are the most popular in this location.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19-22, the company achieved presales worth Bt7.2 billion, or half of the total project value of Bt14 billion.

"Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long-leasehold contracts," he said.

Demand in this location is sufficient to absorb the high number of condominium launches, according to a survey by the Real Estate Information Centre. Since the Skytrain opened in 1999 the whole Sukhumvit area has grown quickly in terms of high-end condominiums and also serviced apartments and hotels. In addition to the condominium projects under construction there are also several five-star hotel currently being built on Sukhumvit Road.

In 2011, the total number of residential units available for sale in Bangkok was 130,282 which included single houses, semi-detached houses, townhouses, condominium units, commercial buildings and land allocated for housing. These projects were not sold out and currently have no problems but at the time of the survey the total units had not been sold and most of the residential projects were only launched shortly before the survey.

Growing demand in this area from both local and foreign buyers who live in Bangkok has driven condominium prices 10-20 per cent higher than their presale prices, depending on how close they are to Skytrain. For example, Ficus Lane on Sukhumvit 44/1, which was priced at 50,000 baht per square metre when introduced in 2005, now sells for 110,000 baht per square metre.

Condominiums on Soi Thonglor that recorded presale prices of about 100,000 baht per square metre now go for more than 120,000 baht per square metre. Condominiums on Soi Ruamrudee priced at 40,000 baht per square metre five years ago have now recently recorded sales at Bt120,000 per square metre.

Source articlecity.com

Sukhumvit Condominium Projects Continue Unabated

Bangkok’s property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.

Since last year nearly 100 projects have been launched in the area by both listed and non-listed property firms. Construction will be complete between the end of this year and 2013, according to a survey by The Nation newspaper last week. Examples are The Clover Thonglor, Le Lux & Sky Walk condominium, Ivy Thonglor, The Trendy Condominium, Noble Phloenchit, Ideo Morph 38, and Aequa.

Condominiums along this route are priced between Bt80,000 and Bt200,000 per square metre.

Luxury residences priced at over 150,000 baht ($5,000) per square metre are located between the Phloenchit intersection and the top of Sukhumvit Road between Sois 1 and 10. From Soi 10 to Soi 55, prices range between 80,000 and 150,000 baht per square metre.

One-bedroom units with a total space of 45-60 square metres are the most popular in this location.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19-22, the company achieved presales worth Bt7.2 billion, or half of the total project value of Bt14 billion.

"Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long-leasehold contracts," he said.

Demand in this location is sufficient to absorb the high number of condominium launches, according to a survey by the Real Estate Information Centre. Since the Skytrain opened in 1999 the whole Sukhumvit area has grown quickly in terms of high-end condominiums and also serviced apartments and hotels. In addition to the condominium projects under construction there are also several five-star hotel currently being built on Sukhumvit Road.

In 2011, the total number of residential units available for sale in Bangkok was 130,282 which included single houses, semi-detached houses, townhouses, condominium units, commercial buildings and land allocated for housing. These projects were not sold out and currently have no problems but at the time of the survey the total units had not been sold and most of the residential projects were only launched shortly before the survey.

Growing demand in this area from both local and foreign buyers who live in Bangkok has driven condominium prices 10-20 per cent higher than their presale prices, depending on how close they are to Skytrain. For example, Ficus Lane on Sukhumvit 44/1, which was priced at 50,000 baht per square metre when introduced in 2005, now sells for 110,000 baht per square metre.

Condominiums on Soi Thonglor that recorded presale prices of about 100,000 baht per square metre now go for more than 120,000 baht per square metre. Condominiums on Soi Ruamrudee priced at 40,000 baht per square metre five years ago have now recently recorded sales at Bt120,000 per square metre.

Source articlecity.com

Office Condo Space-A Popularly Growing Idea

Office condo space- a hit in real estate business

The latest fashion in the real estate market is buying or renting an office condo. Condo office space is available in plenty, and the trend is becoming very popular, but not yet popular in the metropolitans. Like everything else in business, there are advantages and disadvantages of moving your business into a condo. For some, the record tells that it has proven success to many, and for others, traditional commercial real estate has always brought profits. Office condo businesses are rapidly growing across the country; however, they have still not a fashion in the major metropolitan areas.

Advantages of Office Condo

• Buying or leasing an office condo gives freshness to the workplace with plenty of residential changes located in the suburban parts of town. The atmosphere is peaceful and often located in prime suburban neighborhoods with plenty of amenities in surrounding. Some condos have easy access to stores, restaurants and might even be near to a dry cleaner. If you are very fond of the rush the cities, then a condo may be right choice for you.

• Generally, the condo is a good choice for the rent purposes or purchase and provides you a good location to do business, especially in suburban area. Although not every project is suited for condo businesses, they may serve as a good location for dentists, lawyers and chiropractors.

• Ownership of the office property is a good investment and has shown good progress over time over purchasing some piece of commercial real estate. In addition to that, office condo owners have the advantage of IRS code 179 according to which $100k is deducted in cases of progressive depreciation through the first seven year period.

Disadvantages of Office Condo

• The office condo environment may not suit businesses that are uncertain of the space they require. Although many of the office condo units are very spacious, they do not go well with businesses that require space for heavy equipment. A firm that does not have a clear idea for their graph should better avoid a condo purchase or long-term lease.

• Businesses that depend on rich consumer clients may soon face loss of clients due to lack of parking space. The office condo parking is limited and can be a problem to building clients that have to take round of the whole block to park their car. However, if the condo establishment is in that area where clients can easily approach, then the parking issue is not that big.

• Although owning an office condo has proved beneficial for many, the concept has just come in fashion so it doesn’t provide a long-term record for attracting constant renters. As with any real estate deal, it’s good to know everything before signing on the contract paper. Be sure that you have taken into account all your circumstances and considered the fact that your office condo location is sufficient to manage your number of clients.

Be careful about the area when you are doing an investment

Commercial real estate for sale in Texas is an intelligent investment. It grows significantly every year, so the resale is a brilliant idea. If you have decided not to sell, you can give it on lease and keep getting constant income. Whether you decide a deal with a firm in person or over the internet, make sure that you have done enough research about the area first. When purchasing an office condo, look for location. This is the key to find the perfect commercial real estate investment.

 

Source articlecity.com

Benefits of Condominium Lifestyle

The trend of Condominium living is growing nowadays around the world and most of the people prefer this option with much enthusiasm and positively. Condominium lifestyle is much trendy and easy going kind of living in the urban or metro areas as by this lifestyle you can enjoy all the benefits of modern living.

If you consider the typical fast life of professionals these days, they just go home to rest and spend most of their time at work. Condo living offers lots of benefits for these category of people. Exploring countless possibilities associated with condo living is exciting risk to deal with and that is the reason why more and more people prefer to live in these kind of lifestyle. If you are interested to try out something fresh or new and want a good transformation in your lifestyle than condo living is the best option for you.

By switching over to condominium lifestyle you get many of the important benefits. One of the major benefit of preferring condo lifestyle is you get your place at a premium location. It has been always noticed that the condo buildings or premises are always located at the heart of the city where you definitely get a better experience of living. Location of the house gives many benefits like traveling to workplace or other places gets easier, there is no problem of traffic which leads to less fuel expenses, availability of all things like departmental stores, hospitals, schools, gyms, common services and facilities like swimming pools, gyms, tennis courts, elevators, etc are accessible. Residents and members get the right of using these amenities. So you can enjoy these facilities offered if you prefer to stay this kind of lifestyle.

Another important benefit of this is Security. You get the guarantee of quality lifestyle by different security services of condominiums. For example you get the security service 24/7 to protect you and keep you safe as you are a member of that condominium. Also some modern premises have the security gadgets installed for the security purpose of the members.

Comparatively living a condo lifestyle is preferable as long as you have good resources and is the best option for people who wants to start up their life living in the urban cities like new professionals or students or newlyweds. Living like this is much comfortable and is affordable too if you consider all the services you are getting in return. Professionals who are mostly busy in their life and don’t get time for the maintenance of their home, can opt for it as here everything is carried out by the Condominium management company.

A Condominium Management company is a company which actually provides a real estate management service to the home owners. So the total management that is administrative, accounting, maintenance, and consulting is done by this company. So if you are the one who own a condominium property, it is always better option to go for a condominium management services so as to give it on rent or sell it.

Source articlecity.com

How companies can see enhancements in performance through modern screening systems

I dedicated several years of my career to working within the recruitment component of my company, before moving on to different management tasks. As anyone who has worked in the same manner can attest, this is a challenging but enjoyable occupation. There is a bona fide power in the ability to decide whether an applicant gets their jobor not. It does however bring with it much in the way of responsibility and records. There are many laws regulating the correct procedure for recruitment. Fair conduct throughout the chain is assured only when these rules are stuck to by virtually all. It isn't possible for a company to call themselves professionals if they don't comply with all these rulings.

A considerable section of this process was conducting pre employment screening. This was simply a essential duty in the process of recruitment. Before a likely employee can move closer to the end of the process, their experience need to be checked thoroughly and verified. In the case of my office, this wasn't so efficient. Mainly due to a lack of acceptable budget, we had to make do with more old pre employment screening systems, despite better ones being offered. The result was an often long and frustrating hindrance in the system.

Gradually, our requests to management for more in the way of budget were heard andresponded to. We ultimately had the funds at our disposal to upgrade to a sophisticated pre employment screening system. Despite the simple fact that it was likely going to be a complicated and challenging task, all of us were satisfied to go through it. The real challenge in this further advancement was maintaining our current checkings as we moved forward. Fortunately, we made a good selection in terms of company for this, and the process was relatively simple. We encountered suprisingly little in terms of difficulty as we moved between programs. This precisely translated to savings for us; the process of recruitment is actually quite costly, whether thejob applicant is successful or not.All our desires were wholly fulfilled once we began running the new pre employment screening programs. As we had become very much accustomed to operating within the confines of a more obsolete system, the sheer increase in production was astounding. It soon became apparent just how much our old method had slowed us. The speed of our entire method took a sharp upturn, along with drops in failed applications. Money was being saved as well as a faster speed of recruitment. This is due to even if an individual does not make it through hiring, it still costs us; the speedier the process is the better. It goes without saying that leadership was happy with the results. Everybody was happy with the result, and happy to the company for good installation.

And so it came to be we come to understand our lesson well. Whatever your area of corporation, keeping long term tech in mind is very prudent. We had lost out on years of lost savings simply because we had maintained an outdated approach for pre employment screening. The good news is we're now maintaining at peak. The cost of making such a changeover doesn't have to be that high. Take a glimpse at the links i've included below to ensure that your own business can enjoy streamlined pre employment screening.

Source articlecity.com

Any size company can outsource payroll

Running an SME is hard work. Getting the business going and growing it quarter by quarter is no mean feat. In order to stay focused it pays to constantly evaluate how business processes are handled and look for the most efficient way to run each function. Every business has administrative processes that use up time, staff and resources. Which makes them prime candidates for being outsourced. More and more small businesses are waking up to the fact that outsourcing isn't just for larger organisations.

Take HR payroll for example. What starts out pretty small can soon turn into a task that eats up more and more time. Getting everyone paid accurately and on time is more complicated than many people realise. Often it's an additional task for someone on top of everything else that they do. So it pays to seek out a third party provider of payroll services who can handle this function instead. Which means more time and attention for the things within a business that really matter. Keeping customers happy.

The trick for SMEs when it comes to sourcing these payroll services is to find ones that are aimed at them specifically. Because not all providers understand the unique needs of SMEs. Moorepay have a range of HR payroll services that have been created specifically with the needs of smaller and medium sized enterprises in mind.

Getting started is easy. Just one phone call to Moorepay can answer any queries and questions that people may have. The team at Moorepay like to understand a business thoroughly and then suggest a solution accordingly. So that business gets a service tailored to its exact requirements.

Payroll doesn't have to be a drag on time and resources for any company. No matter how small or large. Talk to Moorepay about a leaner and more efficient solution.

Source articlecity.com

Seamless payroll outsourcing for SMEs

Outsourcing is often touted as a solution for large companies only, but what about SMEs? Surely when it comes to certain business functions they have plenty to gain by turning to external providers to help them manage these key areas?

One of the biggest bugbears for any SME is managing HR payroll. In smaller companies this task is usually assigned to some sort of generalist. Like the office manager for example. Who has plenty of other tasks to worry about during the course of their working week. Even at a small company payroll can be time consuming and complex. There's all those commission payments and pension contributions to work out, as well as any other bonuses and deductions.

So it makes perfect sense to offload this time consuming task to a dedicated payroll company. Like Moorepay. Moorepay understand the pressures of running an SME. They also understand how outsourcing like this can help smaller businesses stay lean and efficient, allowing them to compete with bigger players in any industry.

Not having to manage HR payroll internally means time and resources are free that can be put to better use elsewhere. In effect reinvested into other parts of the business. Every business needs any competitive advantage it can grasp right now. Partnering with a payroll company is a quick win and one that starts paying dividends right away. There's no compelling reason not to act.

Moorepay's service is specifically designed for SMEs, so it isn't a compromise or a fudge. It's a service specifically for companies of this size and tailored to their needs. Prospective customers can find out more by calling up or checking out the Moorepay website. Getting started is simple and straightforward. Saying goodbye to managing payroll internally is a fast, smooth and seamless process. And one that has multiple benefits for any SME.

Source articlecity.com