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.
The Doheny Estates neighborhood is located just to the north of Sunset Boulevard. As a neighbor of Beverly Hills, Doheny Estates is a popular destination for members of the show business community and its tributaries. The climate of southern California is a large draw for many relocating from cooler climates, though residents of the region have their own preferences in terms of moving up. Doheny Estates is in the upper ranks of Hollywood neighborhoods in terms of prestige, property value and accessibility to recreation and entertainment. Properties in Doheny Estates are priced to reflect the financial demographic of its residents, but turn over with regularity as residents relocate due to business or family needs.
Sunset Boulevard and its surrounding neighborhoods are widely considered home to some of the finest nightlife in southern California. There is an abundance of dining, night clubs and retail spaces for residents of this exclusive enclave. Aside from the trendy spots so commonly frequented by visitors and Hollywood’s elite, Doheny Estates offers easy access to art galleries, cultural venues, theaters and outdoor spaces. The schools in and around Beverly Hills are strong draws to commuters from Los Angeles looking for residence in Doheny Estates for their families. Doheny Estates is a much more secluded, secure environment than the bustling city and subdivisions in the immediate vicinity of the show business district and Hollywood.
Architecture in Doheny Estates ranges from classic, gated estates to modern examples of southern California design. Many of the streets winding through Doheny Estates have houses away from the gates sitting on well-manicured lawns. The lush, green spaces of the elite neighborhoods surrounding Beverly Hills and Hollywood are well-maintained and provide a nice contrast from the cityscapes prevalent throughout Los Angeles. Doheny Estates prides itself on green spaces and landscape architecture as foundations to display its magnificent homes. Some of southern California’s most noteworthy retail spaces are within a short distance of Doheny Estates, providing opportunities for shopping and personal services without the inconvenience of a long drive through Los Angeles traffic.
There are several real estate agents and agencies specializing in the properties of Doheny Estates and Beverly Hills. Due to the exclusivity of the neighborhood, many listings for Doheny Estates are not noted in common real estate publications. The best practice, when attempting to land a property in Doheny Estates, is to hire a real estate agent or agency specializing in the area for easy access to the properties. Doheny Estates is generally considered premium real estate, even among the elite neighborhoods of Beverly Hills and Hollywood.
There are so many things that need to be taken care of, while managing any community or association. It is hard for any one person to take care of everything including the infrastructure facilities on your own. You really do need professional support, particularly for administration and finance. Failing to properly plan for cash needs and major expenditures can quickly put your firm in jeopardy, so working with a leading firm to plan these cash needs is an excellent choice.
It’s critically important to have access to a professional knowledge base for financial projection and reporting expertise. Expert support and specialized software make a big difference to quality of information and above all to compliance requirements.
There’s a good example of this type of service- A US national service provider called Facilities Advisors, Inc. which conducts reserve studies across a very wide bandwidth of administrative entities including condominium management. Their experts will create a unique case-specific study using efficient data management and financial projection techniques. They will provide you with a fully professional, clearly structured homeowners association reserve study that will serve as both valuable working information and as a great template for future management needs.
Their capital reserve study is best in the industry and serves condominium associations, timeshare associations, country clubs, and many other types of organizations. Their professionals are expertly trained and equipped to handle all your operations and assist with advice and support when you need that professional standard of expertise. They have been serving the industry for more than 20 years, and during this time have built a time-tested series of models and assumptions that they can tailor to your property, for accurate estimates of everything from major costs to annual maintenance and repair needs.
Their HOA reserve studies use the powerful Facilities 7 software, the most sophisticated and analytical and operational management tool in the industry. Their reserve study software is used to prepare the summarized report and is unmatched for accuracy and in-depth clarity. It’s easy to use and expertly designed to operate as a management tool, which is a product of their extreme experience in the space. For more information see their website at , where you can find out more about their company, their services, and their quality software package. You can contact them by phone as well if you have specific questions that aren’t answered on your trip to their website.
About the author: Author tells about the reservestudyusa.com which is a company and provided the services for homeowners association reserve study. Their HOA reserve studies use the powerful Facilities 7 software, the most sophisticated and analytical and operational management tool in the industry.
Mortgage fraud motivations could either be for profit, or for real estate properties for sale . There are actually two types of mortgage fraud – fraud for property and fraud for profit. However, fraudsters also adopt to the changing environment so more schemes emerge as home buyers, sellers and investors are becoming aware of their fraudulent strategies. In the same way, every citizen must know the different types of mortgage fraud or schemes. Here are some of the already scratched types of mortgage fraud schemes but are still victimizing people:
1. Churning – This is described as an extreme or uncalled-for selling or lending activity just to benefit from generating fees and commissions or comparable sales. Normally; appraisers use bogus sales as comparables in appraisal for sales and refinance transactions.
2. Chunking – This is described as multiple loan applications submitted to many lenders not disclosing the investor’s intent to purchase properties. The fraudster usually promises to handle the deal including the leasing of properties, or show investors how to get rich by investment, but actually takes a cut of the profit and never leases the property.
3. Property Flipping – This may be legal, but there are some cases that property flipping becomes illegal especially when homes are funded for a falsely inflated value.
4. Silent Seconds – In reality, silent second mortgage is a secondary mortgage placed on an asset not known to the lender of the original or loan. If the buyer cannot afford the down payment required by the initial mortgage, this is very useful. It is called ‘silent’ because the lender is totally clueless of its presence. Conversely, the fraud happens when the second mortgage is used to fulfill the obligation of the down payment.
5. Equity Theft – What fraudsters do is that they falsify a deed transfer or a satisfaction of lien then obtain new liens on the property. The homeowner, on the other hand, does not know about it until he receives an eviction notice. One form of equity theft is foreclosure rescue scam.
6. Backward Applications – In order to meet the criteria of the loan, there are some borrowers who ‘customize’ their income sheet once they find a property to purchase. Aside from this, a ‘customized’ appraisal is submitted along with the bogus application in order to be approved of the loan.
Everyone must be aware of the different mortgage fraud schemes because it is so easy to be aware of mortgage fraud these days without you knowing it. Affinity fraud, foreclosure rescue scam, straw buyers, inflated appraisals, and so on are other types of fraud schemes that you need to responsibly know.
By educating yourself with these common mortgage fraud schemes, you are helping in reducing the number of foreclosures, prevent neighborhoods to fail and ad valorem taxes to go up.
The matters related to real estate business are never small in terms of importance. This includes huge transaction amounts, legal formalities & documentation processes. This is why it is somehow inevitable to not to deal with a real estate attorney. The real estate market of Las Vegas has seen a huge change in the previous years. The interest of investors has increased in this particular domain and this is why consulting a real estate attorney is essential while making any property related deal in Las Vegas.
A lawyer can make a huge difference when it comes to transactions and other proceedings. A qualified attorney can suggest you many beneficial ways to safeguard yourself against any sort of scam or trouble. They are well versed with the legal procedure and makes things smooth for the client. This is why, it is always better to have a legal representation to understand the process, documents and other important things thoroughly. It won’t take you long to realize that hiring a real estate attorney in Las Vegas was one of the wisest decision you could have made while dealing in real estate issues.
To find a good, reliable attorney you can :-
Ask for referrals – always try to contact some of your trusted friends to get a suggestion on the issue. Talk to some realtors, and take referrals from others in business. Collect as much data as you can before you proceed. Internet – these days the internet plays a great role in providing information through out the world. Take advantage if this and conduct a small research to know more about the trusted names as real estate attorney. Print media – look into magazines and newspapers to get as much as information you can get to make a list of reliable attorneys.
Once you have done this part of research on your end you will see that some names frequently appear in the list. This shows that they have a better reputation than others in the business. Check out their websites to know more about them. See if the are properly qualified and licensed to practice in the concerned domain.
Keep in mind that you are looking for :-
Experience Successful career A person to give personal attention to your work
Once you narrow down your list to four or five names, simply call them and set up an appointment for consultations to see what the lawyer can do for you in Las Vegas.
Poul Benjamin is as an experienced writer who specializes in writing articles about bankruptcy lawyer and Real Estate Attorney in Las Vegas, Nevada. If you want to know more information about Attorney and Lawyer, Please visit here: theaiellolawfirm.com
The uppermost part or covering of the building is said to be roof and it use to protect the building as well as its content from weather and invasion of animals. Either you are constructing new house or repairing the existing building you must have concern about the roof and you must take its timely survey and make it secure. If it comes about the roofing contractor and you are in United States of America then you must visit the Roofing Contractor Olathe as they are skilled and experienced one.
They use to provide the fast, quality and efficient services and they have the experienced technicians who are trained and protect your property along with landscaping. They remove the complete trash after the job and they use to offer the various services for repairing the roofs and these all are of high quality. These service includes the wood shake, composition, leak repair, shingles, composition, cedar shakes, hail impact shingles, stone coated steel, flat roof alternatives, new construction, remolding projects, gutters and downspouts, insurance claims like wind or hail damage and specialized in the re decking as well as tear offs etc.
They also offers the re roofing services for composition, stone coated steel, Cedar shakes, hail impact shingles, remodeling projects, flat roof alternatives, new constructions, gutters and downspouts, insurance claims etc. It is essential and also common to have a roof inspection while purchasing new home and business structure and you are having the bargaining chip and your roof is in the bad shape. If you find out any damages or stain on the walls and ceilings and suspect it then you must call the roofers for inspections and if notice increase in it gets for emergency repairing service.
They value their customers for the best as well as most cost effective services with the latest technologies which are available. They also offers the superior hail impact for shingles and the new shingles are designed such that it is resist to damage caused from the hail impact, high winds and flying debris etc.
As roofs protect your house from the all climatic conditions and also make a shed for you to feel protective therefore you also have some responsibilities and for this you should go to the excellent services which are offered by the roofers. It is important that roof should be installed as well as replaced by the expert’s technician and for this roofing contractor Olathe is the best one.
Author Resource: –
Rozer Fedral is conveying information about Roofing Olathe KS and . You’re probably thinking, everyone says that, so, what’s different here. It’s the commitment of quality, genuineness, and a guarantee that values your time and interest.
Luxury living is dream of every nifty individual and his family. This dream can be now realized very easily, especially if one is planning to reside in happening city of Gurgaon. There are simply fabulous and most comfortable bbb available in Gurgaon that can be easily obtained on rent. The luxury apartments come with superb facilities and amenities such as a private swimming pool, a well maintained golf course in the near vicinity, a stylish club, a nearby mall, branded shopping center and much more. Gurgaon encompasses some of the best luxury rental apartments that have been specially earmarked for wealthy populace who fall into luxury oriented category.
The luxury apartments, also known by the name of penthouses, are beautifully designed and possess remarkable infrastructure. The luxurious apartments define luxury in a lavish style and make the residents live with high standard. The terraced luxury apartments in gurgaon come within reasonable rental amount and are fast gaining popularity for many reasons. The one reason for rising demand of luxury apartment is that they are placed in scenic surroundings amidst lush greeneries. These apartments are located within the heart of Gurgaon city yet offer extreme tranquility and quieted.
All the hum drum of busy life can be avoided and yet can be stayed within the commercial galore. The luxury apartments provide complete living solutions for home seekers who want to reside in the cradle of luxuries. They add extreme style to the living standard and make life and living highly comfortable. There is numerous real estate, such as Unitech, Parsavnath, Emaar, and DLF. We offer luxury apartments in Gurgaon that can be taken on rent. The high profiled employees of MNCs and other reputed companies prefer taking such apartments on rent that would suit their lifestyle and level of status.
The onset of various corporate houses and MNCs in Gurgaon have brought to the fore the need of luxury rental apartment in this city. Apart from the rising demand of commercial spaces and offices, there is always rising need of luxury rental apartments. Hence they look upto situate of Gurgaon for their need of luxury apartments for rentals. The high end consumers and corporate executives prefer these luxury apartments for their living solutions.
apartments for rent in gurgaon come with superlatives amenities and infrastructure such as imported marble flooring, sauna and Jacuzzi baths, shower cubicles, gymnasium, personal elevators, individual car parking facilities, swimming pools, gold courts, snooker tables, clubs, pleasant ambience and other luxuries.
While Yieldstar may be good for the apartment owners and management companies who use the system, many apartment locators and future residents believe that it may be more of a hassle than it is worth.
In short, Yieldstar is a software management tool that many apartment communities are purchasing today. The selling point for the software is that it analyzes many different forms of data to come up with the best pricing for apartment units. Yieldstar takes into account factors including projected demand, recently achieved rental rates, least terms, move in dates, and other market dynamics that will help apartment communities gain the most amount of revenue for the apartment owners.
While this may seem like a great idea there are some negatives that mostly affect renters and the apartment locators that send their customers to the apartment communities that use the Yieldstar software. And this usually affects the customer if he/she is unaware of the pricing at the community.
Pricing will change daily and hourly at apartment communities that use Yieldstar. We have contacted many communities in the early morning hours for pricing and then relayed that information to our customers, who decided they were going to tour the properties in the afternoon. What we found out later that afternoon was the pricing we quoted our customers had changed by the time they visited the property. And the way of the change was upward in pricing.
When we contacted the apartment community that used Yieldstar, they stated that pricing can go up or down. In our experience pricing usually seems to go up. However, we also realize that our customers would not be so quick to contact us back if the pricing decreased.
What we can tell our customers moving forward is that pricing for the unit and square footage at the time we quote the amount may change in an hour or the next day if they choose to visit the property.
Many locators feel that the pricing should stay static for at least they day they were quoted the price. It is not good business for locators or leasing agents to quote a price to a customer who visits the community that same day and is told the price has changed.
The city of Chattanooga has shown itself to be Tennessee’s fastest recuperating metropolitan area in the aftermath of the 2009 economic downturn. Despite that, you’ll still discover yourself struggling to meet your home payments. If you hope to refinance your mortgage in Chattanooga, for instance, you must take note of these 3 vital problems:.
Differences in Rate e
As you already know, home loan rates can either be set or flexible. Modifiable rates have the disadvantage of being in consistent flux, which means your rate of interest likewise regularly change. On one hand, you can be spending for more than what you actually should. However, when rates of interest decrease, you stand a chance of paying much less than what those with fixed mortgage rates are paying for.
Fixed rates are the polar opposite of flexible rates. They stay regularly fixed, regardless of how the economic climate is faring at the moment. The security is certainly enticing; but if rates become positive, those with modifiable rates pay less than what you would with fixed rates. This indicates losing out on cost savings you should have had if you had gotten adjustable home loan rates.
Your Home Equity
While you spend time gradually settling your home loan, the number of years you invest in your house offers it equity value that can work in your favor. A minimum of 20% equity is what most banks require to help spend for your home loan. On a different note, one team of Chattanooga mortgage refinance experts recommends using this equity value to settle your charge card financial obligation, or to buy new products for your home.
Your Credit Score
A high credit score suggests a bank or other financial establishment is more likely to lend you money. This can work in your favor if you want to refinance your rates; though a wrong decision might net you even more interest to spend for. The lower your chance of paying, the lesser your credit score becomes, and the less likely you become to get loans in the future.
Choosing to change home loan rates just to save more money is considered a gamble at best. There are risks and chances included, however you wish to pay for your home, so select wisely. For further ideas in refinancing home loan rates, go to: financialplan.about.com/od/realestatemortgages/qt/RefinanceOrNot.htm.
In the architectural world, just as in the worlds of food, clothing, and design, as styles come together we have whats called fusion. In fusion, often disparate elements come together to create a cohesive union, and sometimes seemingly harmonious elements come together in a not so harmonious way. In terms of architecture, a truly interesting blend happened in the beginning of the 20th century, melding together the elements of Spanish Mission revival style with the hip sleekness of Art Deco.
Art Deco buildings are known for their futuristic, sleek, dramatic, geometric flair. Cubes, zigzags, and futuristic chic came together to express the growing machine age in the United States. In the roaring twenties and early thirties, the jazzy Art Deco architecture was sweeping the nation. The Art Deco style found its inspiration from many different sources. The austere shapes and curves were taken from the Bauhaus School and the streamlined modern technology-looking design was melded with images of icons from the Far East, Greece, Rome, Africa, India, and Mayan and Aztec cultures. But above all these, Art Deco took inspiration from an architectural discovery in Egypt.
In 1922, archaeologist Howard Carter and his sponsor, Lord Carnarvon, thrilled the world with their discovery of the tomb of King Tutankhamen. Egypt-chic soon swept the nation and influenced the design of clothes, jewelry, furniture and graphic design. And of course, architecture.
Another style that was popping-up at the same time was the Spanish Mission Revival style, and in California, these two disparate styles found a way to come together in harmony as Hollywood actors were clamoring to get their homes built in the chic Spanish style. California isnt the only place to see the beautiful union of these two styles.
Hawkes Bay has some tremendous Art Deco and Spanish Mission Walks. Hawkes Bay is located in Napier, New Zealand. Following a devastating earthquake in 1931, the whole commercial heart of Napier was destroyed, but the city was about to be reborn in the newest architectural style, and to become the hottest city. In Hawkes Bay, you get to see all the styles right next to each other: Spanish Classic, Spanish mission, and Art Deco, all side by side.
There are also places in the United States that show this great mixture of styles and iconographies. Take for example a lovely Spanish Revival building in St. Louis, by the architect T.P. Barnett, son of George I. Barnett, another famous architect in St. Louis. The T.P. Barnett building is particularly interesting because it also has Art Deco influences, making it one of the most unique buildings in the Grand Center region of St. Louis. Certainly the next time youre in St. Louis, you need to visit this Spanish Revival building on Washington Avenue.